Can I retire at age 66 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$65,237$64,656$64,089$63,536$62,996$61,749
2 years$32,296$31,694$31,111$30,546$29,998$28,747
3 years$21,317$20,713$20,131$19,571$19,032$17,816
4 years$15,828$15,226$14,650$14,100$13,574$12,402
5 years$12,536$11,937$11,369$10,830$10,319$9,195
6 years$10,342$9,748$9,188$8,661$8,165$7,090
7 years$8,775$8,186$7,635$7,121$6,640$5,614
8 years$7,601$7,017$6,475$5,973$5,509$4,532
9 years$6,688$6,110$5,577$5,088$4,639$3,710
10 years$5,958$5,385$4,862$4,386$3,953$3,071
11 years$5,361$4,794$4,281$3,817$3,399$2,564
12 years$4,864$4,303$3,799$3,348$2,946$2,156
13 years$4,444$3,889$3,394$2,956$2,569$1,822
14 years$4,084$3,535$3,050$2,624$2,252$1,548
15 years$3,772$3,229$2,753$2,340$1,983$1,319
16 years$3,500$2,963$2,496$2,095$1,752$1,128
17 years$3,260$2,728$2,272$1,883$1,554$967
18 years$3,047$2,521$2,074$1,697$1,382$831
19 years$2,856$2,337$1,898$1,533$1,231$716
20 years$2,685$2,171$1,742$1,388$1,100$617
21 years$2,530$2,022$1,603$1,260$984$533
22 years$2,390$1,888$1,477$1,146$882$461
23 years$2,262$1,766$1,364$1,043$792$399
24 years$2,144$1,654$1,261$952$712$345
25 years$2,037$1,553$1,168$869$641$299
26 years$1,938$1,459$1,083$795$577$260
27 years$1,846$1,373$1,006$727$520$225
28 years$1,761$1,294$935$666$469$196
29 years$1,682$1,221$870$611$424$170
30 years$1,608$1,153$811$561$383$148
31 years$1,539$1,090$756$515$346$128
32 years$1,475$1,031$705$473$313$112
33 years$1,415$977$658$435$283$97
34 years$1,358$926$615$401$257$85
35 years$1,305$878$575$369$232$74
36 years$1,255$833$538$340$211$64
37 years$1,207$791$504$313$191$56
38 years$1,163$752$472$288$173$48
39 years$1,120$715$442$266$157$42
40 years$1,080$680$414$245$142$37
41 years$1,042$648$388$226$129$32
42 years$1,006$617$364$209$117$28
43 years$971$588$342$193$106$24
44 years$939$560$321$178$97$21
45 years$907$534$301$164$88$18
46 years$878$510$283$152$80$16
47 years$849$486$266$140$72$14
48 years$822$464$250$130$66$12
49 years$796$443$235$120$60$11
50 years$771$424$221$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $790,000, adding $4,305 every year, while hoping to spend $26,285 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: 55/30/15 Blend
65$790,000$790,000$790,000$790,000
66$875,021$833,151$820,906$919,467
67$936,306$846,008$820,439$963,043
68$1,002,961$858,614$819,076$1,007,265
69$1,075,506$870,930$816,758$1,054,820
70$1,154,514$882,911$813,425$1,106,032
71$1,240,613$894,513$809,014$1,161,257
72$1,334,498$905,686$803,458$1,220,891
73$1,436,929$916,378$796,687$1,285,368
74$1,548,748$926,532$788,628$1,355,168
75$1,670,878$936,089$779,204$1,430,820
76$1,804,335$944,986$768,336$1,512,909
77$1,950,241$953,154$755,939$1,602,080
78$2,109,828$960,521$741,925$1,699,043
79$2,284,454$967,010$726,203$1,804,582
80$2,475,614$972,538$708,675$1,919,563
81$2,684,953$977,019$689,243$2,044,941
82$2,914,285$980,360$667,799$2,181,769
83$3,165,606$982,461$644,234$2,331,210
84$3,441,114$983,219$618,433$2,494,544
85$3,743,232$982,521$590,275$2,673,186
86$4,074,627$980,249$559,634$2,868,696
87$4,438,235$976,278$526,378$3,082,794
88$4,837,294$970,474$490,370$3,317,379
89$5,275,367$962,697$451,467$3,574,544
90$5,756,380$952,795$409,517$3,856,599
91$6,284,659$940,610$364,364$4,166,091
92$6,864,968$925,973$315,844$4,505,829
93$7,502,555$908,707$263,785$4,878,912
94$8,203,203$888,621$208,010$5,288,757
95$8,973,283$865,516$148,330$5,739,133
96$9,819,810$839,179$84,552$6,234,197
97$10,750,518$809,386$16,472$6,778,533
98$11,773,925$775,900$0$7,377,197
99$12,899,415$738,468$0$8,044,756
100$14,137,328$696,826$0$8,781,762