Can I retire at age 66 with 790,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$65,237$64,656$64,089$63,536$62,996$61,800
2 years$32,296$31,694$31,111$30,546$29,998$28,798
3 years$21,317$20,713$20,131$19,571$19,032$17,865
4 years$15,828$15,226$14,650$14,100$13,574$12,449
5 years$12,536$11,937$11,369$10,830$10,319$9,239
6 years$10,342$9,748$9,188$8,661$8,165$7,131
7 years$8,775$8,186$7,635$7,121$6,640$5,654
8 years$7,601$7,017$6,475$5,973$5,509$4,569
9 years$6,688$6,110$5,577$5,088$4,639$3,745
10 years$5,958$5,385$4,862$4,386$3,953$3,104
11 years$5,361$4,794$4,281$3,817$3,399$2,595
12 years$4,864$4,303$3,799$3,348$2,946$2,184
13 years$4,444$3,889$3,394$2,956$2,569$1,849
14 years$4,084$3,535$3,050$2,624$2,252$1,572
15 years$3,772$3,229$2,753$2,340$1,983$1,342
16 years$3,500$2,963$2,496$2,095$1,752$1,149
17 years$3,260$2,728$2,272$1,883$1,554$987
18 years$3,047$2,521$2,074$1,697$1,382$849
19 years$2,856$2,337$1,898$1,533$1,231$732
20 years$2,685$2,171$1,742$1,388$1,100$633
21 years$2,530$2,022$1,603$1,260$984$547
22 years$2,390$1,888$1,477$1,146$882$474
23 years$2,262$1,766$1,364$1,043$792$411
24 years$2,144$1,654$1,261$952$712$356
25 years$2,037$1,553$1,168$869$641$309
26 years$1,938$1,459$1,083$795$577$269
27 years$1,846$1,373$1,006$727$520$234
28 years$1,761$1,294$935$666$469$203
29 years$1,682$1,221$870$611$424$177
30 years$1,608$1,153$811$561$383$154
31 years$1,539$1,090$756$515$346$134
32 years$1,475$1,031$705$473$313$117
33 years$1,415$977$658$435$283$102
34 years$1,358$926$615$401$257$89
35 years$1,305$878$575$369$232$77
36 years$1,255$833$538$340$211$67
37 years$1,207$791$504$313$191$59
38 years$1,163$752$472$288$173$51
39 years$1,120$715$442$266$157$45
40 years$1,080$680$414$245$142$39
41 years$1,042$648$388$226$129$34
42 years$1,006$617$364$209$117$30
43 years$971$588$342$193$106$26
44 years$939$560$321$178$97$23
45 years$907$534$301$164$88$20
46 years$878$510$283$152$80$17
47 years$849$486$266$140$72$15
48 years$822$464$250$130$66$13
49 years$796$443$235$120$60$11
50 years$771$424$221$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $790,000, adding $3,107 every year, while hoping to spend $44,471 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: 30/49/21 Blend
65$790,000$790,000$790,000$790,000
66$873,785$831,915$819,670$894,185
67$915,594$825,362$799,812$903,444
68$960,177$816,997$777,798$909,198
69$1,007,771$806,686$753,510$914,455
70$1,058,633$794,283$726,822$919,200
71$1,113,047$779,636$697,604$923,421
72$1,171,324$762,584$665,720$927,106
73$1,233,805$742,957$631,028$930,252
74$1,300,864$720,572$593,377$932,855
75$1,372,910$695,239$552,614$934,919
76$1,450,396$666,754$508,575$936,454
77$1,533,814$634,903$461,090$937,476
78$1,623,708$599,459$409,983$938,009
79$1,720,676$560,181$355,066$938,088
80$1,825,371$516,817$296,147$937,756
81$1,938,515$469,097$233,024$937,071
82$2,060,899$416,738$165,486$936,101
83$2,193,392$359,440$93,311$934,934
84$2,336,952$296,886$16,271$933,672
85$2,492,629$228,742$0$932,439
86$2,661,581$154,653$0$946,158
87$2,845,079$74,248$0$965,076
88$3,044,523$0$0$985,802
89$3,261,451$0$0$1,015,571
90$3,497,556$0$0$1,091,653
91$3,754,703$0$0$1,174,630
92$4,034,941$0$0$1,265,176
93$4,340,527$0$0$1,364,037
94$4,673,945$0$0$1,472,030
95$5,037,927$0$0$1,590,057
96$5,435,484$0$0$1,719,112
97$5,869,928$0$0$1,860,287
98$6,344,906$0$0$2,014,785
99$6,864,434$0$0$2,183,931
100$7,432,932$0$0$2,369,185