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%18.6%
1 years$65,237$64,656$64,089$63,536$62,996$60,809
2 years$32,296$31,694$31,111$30,546$29,998$27,817
3 years$21,317$20,713$20,131$19,571$19,032$16,926
4 years$15,828$15,226$14,650$14,100$13,574$11,559
5 years$12,536$11,937$11,369$10,830$10,319$8,400
6 years$10,342$9,748$9,188$8,661$8,165$6,344
7 years$8,775$8,186$7,635$7,121$6,640$4,916
8 years$7,601$7,017$6,475$5,973$5,509$3,881
9 years$6,688$6,110$5,577$5,088$4,639$3,105
10 years$5,958$5,385$4,862$4,386$3,953$2,510
11 years$5,361$4,794$4,281$3,817$3,399$2,045
12 years$4,864$4,303$3,799$3,348$2,946$1,677
13 years$4,444$3,889$3,394$2,956$2,569$1,382
14 years$4,084$3,535$3,050$2,624$2,252$1,143
15 years$3,772$3,229$2,753$2,340$1,983$949
16 years$3,500$2,963$2,496$2,095$1,752$790
17 years$3,260$2,728$2,272$1,883$1,554$659
18 years$3,047$2,521$2,074$1,697$1,382$550
19 years$2,856$2,337$1,898$1,533$1,231$460
20 years$2,685$2,171$1,742$1,388$1,100$386
21 years$2,530$2,022$1,603$1,260$984$324
22 years$2,390$1,888$1,477$1,146$882$272
23 years$2,262$1,766$1,364$1,043$792$228
24 years$2,144$1,654$1,261$952$712$192
25 years$2,037$1,553$1,168$869$641$161
26 years$1,938$1,459$1,083$795$577$136
27 years$1,846$1,373$1,006$727$520$114
28 years$1,761$1,294$935$666$469$96
29 years$1,682$1,221$870$611$424$81
30 years$1,608$1,153$811$561$383$68
31 years$1,539$1,090$756$515$346$57
32 years$1,475$1,031$705$473$313$48
33 years$1,415$977$658$435$283$41
34 years$1,358$926$615$401$257$34
35 years$1,305$878$575$369$232$29
36 years$1,255$833$538$340$211$24
37 years$1,207$791$504$313$191$21
38 years$1,163$752$472$288$173$17
39 years$1,120$715$442$266$157$15
40 years$1,080$680$414$245$142$12
41 years$1,042$648$388$226$129$10
42 years$1,006$617$364$209$117$9
43 years$971$588$342$193$106$7
44 years$939$560$321$178$97$6
45 years$907$534$301$164$88$5
46 years$878$510$283$152$80$4
47 years$849$486$266$140$72$4
48 years$822$464$250$130$66$3
49 years$796$443$235$120$60$3
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $790,000, adding $6,833 every year, while hoping to spend $44,722 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: 35/49/16 Blend
65$790,000$790,000$790,000$790,000
66$877,628$835,758$823,513$903,807
67$919,562$829,127$803,517$916,820
68$964,275$820,671$781,352$926,152
69$1,012,002$810,255$756,899$935,264
70$1,063,003$797,734$730,031$944,159
71$1,117,560$782,954$700,618$952,849
72$1,175,986$765,753$668,523$961,345
73$1,238,621$745,959$633,603$969,669
74$1,305,839$723,390$595,707$977,845
75$1,378,051$697,852$554,680$985,907
76$1,455,707$669,142$510,357$993,898
77$1,539,303$637,044$462,568$1,001,869
78$1,629,382$601,329$411,134$1,009,882
79$1,726,540$561,756$355,869$1,018,014
80$1,831,434$518,069$296,577$1,026,353
81$1,944,784$469,998$233,056$1,035,005
82$2,067,382$417,258$165,093$1,044,094
83$2,200,098$359,547$92,467$1,053,765
84$2,343,890$296,546$14,946$1,064,183
85$2,499,808$227,918$0$1,075,542
86$2,669,011$153,308$0$1,099,637
87$2,852,770$72,340$0$1,128,623
88$3,052,485$0$0$1,160,284
89$3,269,697$0$0$1,203,291
90$3,506,099$0$0$1,292,649
91$3,763,555$0$0$1,390,071
92$4,044,116$0$0$1,496,345
93$4,350,040$0$0$1,612,341
94$4,683,810$0$0$1,739,014
95$5,048,163$0$0$1,877,417
96$5,446,107$0$0$2,028,710
97$5,880,958$0$0$2,194,169
98$6,356,362$0$0$2,375,197
99$6,876,338$0$0$2,573,344
100$7,445,307$0$0$2,790,311