Can I retire at age 66 with 791,000?

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 $791,000?

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$65,320$64,738$64,171$63,616$63,075$60,886
2 years$32,337$31,734$31,151$30,585$30,036$27,853
3 years$21,344$20,739$20,157$19,596$19,056$16,948
4 years$15,848$15,245$14,669$14,118$13,591$11,573
5 years$12,552$11,952$11,384$10,844$10,332$8,410
6 years$10,355$9,760$9,200$8,672$8,175$6,352
7 years$8,786$8,196$7,645$7,130$6,648$4,923
8 years$7,610$7,026$6,484$5,981$5,516$3,886
9 years$6,696$6,117$5,584$5,094$4,645$3,109
10 years$5,965$5,392$4,868$4,391$3,958$2,513
11 years$5,368$4,800$4,286$3,822$3,404$2,048
12 years$4,870$4,308$3,804$3,352$2,950$1,679
13 years$4,449$3,894$3,398$2,960$2,572$1,384
14 years$4,089$3,539$3,054$2,627$2,255$1,145
15 years$3,777$3,233$2,757$2,343$1,985$950
16 years$3,504$2,966$2,500$2,098$1,755$791
17 years$3,264$2,732$2,275$1,885$1,556$659
18 years$3,051$2,524$2,076$1,699$1,383$551
19 years$2,860$2,340$1,901$1,535$1,233$461
20 years$2,688$2,174$1,744$1,390$1,101$386
21 years$2,533$2,025$1,605$1,262$986$324
22 years$2,393$1,890$1,479$1,147$883$272
23 years$2,265$1,768$1,365$1,045$793$228
24 years$2,147$1,656$1,263$953$713$192
25 years$2,039$1,554$1,170$870$641$161
26 years$1,940$1,461$1,085$796$578$136
27 years$1,848$1,375$1,007$728$521$114
28 years$1,763$1,296$936$667$470$96
29 years$1,684$1,222$871$612$424$81
30 years$1,610$1,154$812$562$383$68
31 years$1,541$1,091$757$516$347$57
32 years$1,477$1,032$706$474$314$48
33 years$1,417$978$659$436$284$41
34 years$1,360$927$616$401$257$34
35 years$1,307$879$576$369$233$29
36 years$1,256$834$539$340$211$24
37 years$1,209$792$504$313$191$21
38 years$1,164$753$472$289$173$17
39 years$1,122$716$442$266$157$15
40 years$1,081$681$415$246$143$12
41 years$1,043$649$389$227$129$10
42 years$1,007$618$365$209$117$9
43 years$973$588$342$193$106$7
44 years$940$561$321$178$97$6
45 years$909$535$302$165$88$5
46 years$879$510$283$152$80$4
47 years$850$487$266$140$72$4
48 years$823$465$250$130$66$3
49 years$797$444$235$120$60$3
50 years$772$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 $791,000, adding $5,168 every year, while hoping to spend $57,087 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: 60/21/19 Blend
65$791,000$791,000$791,000$791,000
66$877,013$835,090$822,829$925,003
67$905,728$815,269$789,654$938,252
68$935,459$792,564$753,454$945,949
69$966,249$766,772$714,068$953,045
70$998,143$737,681$671,326$959,491
71$1,031,191$705,065$625,053$965,234
72$1,065,444$668,685$575,063$970,221
73$1,100,956$628,287$521,165$974,392
74$1,137,786$583,606$463,157$977,690
75$1,175,996$534,358$400,828$980,051
76$1,215,650$480,244$333,958$981,410
77$1,256,820$420,950$262,320$981,700
78$1,299,581$356,141$185,672$980,848
79$1,344,012$285,466$103,766$978,783
80$1,390,198$208,551$16,339$975,427
81$1,438,233$125,004$0$970,700
82$1,488,213$34,410$0$980,124
83$1,540,244$0$0$992,560
84$1,594,440$0$0$1,019,378
85$1,650,923$0$0$1,055,626
86$1,709,823$0$0$1,093,438
87$1,771,281$0$0$1,132,906
88$1,835,451$0$0$1,174,130
89$1,902,496$0$0$1,217,217
90$1,972,595$0$0$1,262,283
91$2,045,939$0$0$1,309,455
92$2,122,736$0$0$1,358,869
93$2,203,212$0$0$1,410,673
94$2,287,612$0$0$1,465,026
95$2,376,200$0$0$1,522,102
96$2,469,264$0$0$1,582,092
97$2,567,117$0$0$1,645,199
98$2,670,101$0$0$1,711,648
99$2,778,584$0$0$1,781,682
100$2,892,971$0$0$1,855,566