Can I retire at age 66 with 789,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$65,155$64,575$64,008$63,456$62,916$62,467
2 years$32,255$31,654$31,072$30,508$29,960$29,507
3 years$21,290$20,686$20,106$19,546$19,008$18,565
4 years$15,808$15,207$14,632$14,082$13,557$13,128
5 years$12,520$11,922$11,355$10,816$10,305$9,892
6 years$10,329$9,735$9,176$8,650$8,154$7,756
7 years$8,764$8,176$7,626$7,112$6,632$6,249
8 years$7,591$7,008$6,467$5,966$5,502$5,135
9 years$6,679$6,102$5,570$5,082$4,633$4,282
10 years$5,950$5,378$4,856$4,380$3,948$3,612
11 years$5,354$4,788$4,275$3,812$3,395$3,074
12 years$4,858$4,298$3,794$3,344$2,942$2,636
13 years$4,438$3,884$3,390$2,952$2,566$2,274
14 years$4,079$3,530$3,046$2,621$2,249$1,972
15 years$3,768$3,225$2,750$2,337$1,980$1,717
16 years$3,496$2,959$2,493$2,093$1,750$1,500
17 years$3,256$2,725$2,269$1,880$1,552$1,315
18 years$3,043$2,518$2,071$1,694$1,380$1,155
19 years$2,853$2,334$1,896$1,531$1,230$1,017
20 years$2,682$2,169$1,740$1,387$1,098$898
21 years$2,527$2,020$1,600$1,258$983$793
22 years$2,387$1,885$1,475$1,144$881$702
23 years$2,259$1,763$1,362$1,042$791$622
24 years$2,142$1,652$1,260$950$711$552
25 years$2,034$1,551$1,167$868$640$491
26 years$1,935$1,457$1,082$794$576$436
27 years$1,843$1,371$1,005$726$520$388
28 years$1,759$1,292$934$666$469$345
29 years$1,680$1,219$869$610$423$308
30 years$1,606$1,151$810$560$382$274
31 years$1,537$1,088$755$514$346$245
32 years$1,473$1,030$704$473$313$218
33 years$1,413$975$658$435$283$195
34 years$1,356$924$614$400$256$174
35 years$1,303$877$574$368$232$155
36 years$1,253$832$537$339$210$139
37 years$1,206$790$503$312$191$124
38 years$1,161$751$471$288$173$111
39 years$1,119$714$441$266$157$99
40 years$1,079$680$414$245$142$88
41 years$1,041$647$388$226$129$79
42 years$1,005$616$364$209$117$71
43 years$970$587$341$193$106$63
44 years$937$560$320$178$96$57
45 years$906$534$301$164$88$51
46 years$877$509$283$152$79$45
47 years$848$486$265$140$72$41
48 years$821$464$249$129$66$36
49 years$795$443$234$120$60$32
50 years$770$423$220$111$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $789,000, adding $4,899 every year, while hoping to spend $56,914 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/21/28 Blend
65$789,000$789,000$789,000$789,000
66$874,531$832,714$820,485$912,012
67$903,177$812,961$787,415$918,894
68$932,838$790,333$751,330$920,274
69$963,556$764,628$712,068$920,655
70$995,378$735,634$669,462$919,969
71$1,028,353$703,126$623,334$918,141
72$1,062,531$666,865$573,502$915,097
73$1,097,968$626,600$519,774$910,755
74$1,134,722$582,065$461,947$905,031
75$1,172,854$532,977$399,813$897,839
76$1,212,432$479,040$333,154$889,086
77$1,253,525$419,937$261,739$878,676
78$1,296,208$355,338$185,331$866,509
79$1,340,562$284,890$103,680$852,482
80$1,386,672$208,223$16,526$836,486
81$1,434,631$124,944$0$818,408
82$1,484,537$34,639$0$820,979
83$1,536,496$0$0$827,983
84$1,590,621$0$0$849,025
85$1,647,036$0$0$879,316
86$1,705,871$0$0$910,923
87$1,767,269$0$0$943,923
88$1,831,382$0$0$978,403
89$1,898,377$0$0$1,014,453
90$1,968,431$0$0$1,052,172
91$2,041,737$0$0$1,091,666
92$2,118,506$0$0$1,133,053
93$2,198,963$0$0$1,176,458
94$2,283,354$0$0$1,222,016
95$2,371,946$0$0$1,269,876
96$2,465,029$0$0$1,320,200
97$2,562,918$0$0$1,373,161
98$2,665,954$0$0$1,428,952
99$2,774,511$0$0$1,487,778
100$2,888,995$0$0$1,549,866