Can I retire at age 66 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$65,403$64,820$64,252$63,697$63,155$61,085
2 years$32,378$31,775$31,190$30,624$30,074$28,008
3 years$21,371$20,765$20,182$19,621$19,080$17,083
4 years$15,868$15,264$14,687$14,136$13,608$11,695
5 years$12,568$11,968$11,398$10,858$10,345$8,521
6 years$10,368$9,772$9,211$8,683$8,185$6,453
7 years$8,797$8,207$7,655$7,139$6,657$5,016
8 years$7,620$7,035$6,492$5,988$5,523$3,971
9 years$6,705$6,125$5,591$5,101$4,651$3,187
10 years$5,973$5,399$4,875$4,397$3,963$2,584
11 years$5,375$4,806$4,292$3,827$3,408$2,113
12 years$4,876$4,314$3,809$3,357$2,953$1,738
13 years$4,455$3,899$3,403$2,963$2,575$1,437
14 years$4,094$3,544$3,057$2,630$2,258$1,193
15 years$3,782$3,237$2,760$2,346$1,988$994
16 years$3,509$2,970$2,503$2,101$1,757$830
17 years$3,268$2,735$2,277$1,887$1,558$695
18 years$3,054$2,528$2,079$1,701$1,385$583
19 years$2,863$2,343$1,903$1,537$1,234$489
20 years$2,692$2,177$1,747$1,392$1,103$412
21 years$2,537$2,028$1,607$1,263$987$347
22 years$2,396$1,893$1,481$1,149$884$292
23 years$2,267$1,770$1,367$1,046$794$246
24 years$2,150$1,659$1,264$954$714$208
25 years$2,042$1,556$1,171$871$642$175
26 years$1,942$1,463$1,086$797$578$148
27 years$1,850$1,377$1,009$729$522$125
28 years$1,765$1,297$938$668$471$106
29 years$1,686$1,224$873$613$425$90
30 years$1,612$1,156$813$562$384$76
31 years$1,543$1,093$758$516$347$64
32 years$1,479$1,034$707$475$314$54
33 years$1,418$979$660$436$284$46
34 years$1,362$928$617$402$257$39
35 years$1,308$880$577$370$233$33
36 years$1,258$835$539$340$211$28
37 years$1,210$793$505$314$191$24
38 years$1,166$754$473$289$173$20
39 years$1,123$717$443$267$157$17
40 years$1,083$682$415$246$143$14
41 years$1,045$649$389$227$129$12
42 years$1,008$618$365$209$117$10
43 years$974$589$343$193$107$9
44 years$941$562$322$178$97$7
45 years$910$536$302$165$88$6
46 years$880$511$284$152$80$5
47 years$851$488$266$141$72$4
48 years$824$465$250$130$66$4
49 years$798$444$235$120$60$3
50 years$773$425$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $792,000, adding $6,753 every year, while hoping to spend $59,534 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: 34/39/27 Blend
65$792,000$792,000$792,000$792,000
66$879,750$837,774$825,498$902,280
67$906,140$815,481$789,808$897,506
68$933,228$790,100$750,928$886,548
69$961,020$761,418$708,687$873,569
70$989,524$729,207$662,907$858,430
71$1,018,745$693,228$613,405$840,983
72$1,048,688$653,228$559,985$821,073
73$1,079,355$608,937$502,445$798,534
74$1,110,747$560,072$440,575$773,191
75$1,142,861$506,334$374,152$744,860
76$1,175,694$447,406$302,948$713,345
77$1,209,239$382,952$226,720$678,440
78$1,243,484$312,619$145,218$639,925
79$1,278,415$236,034$58,178$597,569
80$1,314,014$152,800$0$551,129
81$1,350,259$62,503$0$510,343
82$1,387,120$0$0$483,476
83$1,424,563$0$0$468,695
84$1,462,549$0$0$480,878
85$1,501,028$0$0$493,182
86$1,539,946$0$0$505,583
87$1,579,236$0$0$518,055
88$1,618,823$0$0$530,567
89$1,658,621$0$0$543,086
90$1,698,531$0$0$555,571
91$1,738,440$0$0$567,977
92$1,778,219$0$0$580,255
93$1,817,723$0$0$592,348
94$1,856,787$0$0$604,190
95$1,895,226$0$0$615,709
96$1,932,831$0$0$626,826
97$1,969,367$0$0$637,448
98$2,004,571$0$0$647,474
99$2,038,146$0$0$656,791
100$2,069,763$0$0$665,271