Can I retire at age 66 with 792,000?

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 $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%12%
1 years$65,403$64,820$64,252$63,697$63,155$62,626
2 years$32,378$31,775$31,190$30,624$30,074$29,541
3 years$21,371$20,765$20,182$19,621$19,080$18,559
4 years$15,868$15,264$14,687$14,136$13,608$13,104
5 years$12,568$11,968$11,398$10,858$10,345$9,858
6 years$10,368$9,772$9,211$8,683$8,185$7,717
7 years$8,797$8,207$7,655$7,139$6,657$6,207
8 years$7,620$7,035$6,492$5,988$5,523$5,092
9 years$6,705$6,125$5,591$5,101$4,651$4,238
10 years$5,973$5,399$4,875$4,397$3,963$3,569
11 years$5,375$4,806$4,292$3,827$3,408$3,032
12 years$4,876$4,314$3,809$3,357$2,953$2,595
13 years$4,455$3,899$3,403$2,963$2,575$2,234
14 years$4,094$3,544$3,057$2,630$2,258$1,933
15 years$3,782$3,237$2,760$2,346$1,988$1,680
16 years$3,509$2,970$2,503$2,101$1,757$1,465
17 years$3,268$2,735$2,277$1,887$1,558$1,281
18 years$3,054$2,528$2,079$1,701$1,385$1,123
19 years$2,863$2,343$1,903$1,537$1,234$987
20 years$2,692$2,177$1,747$1,392$1,103$869
21 years$2,537$2,028$1,607$1,263$987$767
22 years$2,396$1,893$1,481$1,149$884$677
23 years$2,267$1,770$1,367$1,046$794$599
24 years$2,150$1,659$1,264$954$714$530
25 years$2,042$1,556$1,171$871$642$470
26 years$1,942$1,463$1,086$797$578$417
27 years$1,850$1,377$1,009$729$522$370
28 years$1,765$1,297$938$668$471$328
29 years$1,686$1,224$873$613$425$292
30 years$1,612$1,156$813$562$384$260
31 years$1,543$1,093$758$516$347$231
32 years$1,479$1,034$707$475$314$205
33 years$1,418$979$660$436$284$183
34 years$1,362$928$617$402$257$163
35 years$1,308$880$577$370$233$145
36 years$1,258$835$539$340$211$129
37 years$1,210$793$505$314$191$115
38 years$1,166$754$473$289$173$103
39 years$1,123$717$443$267$157$92
40 years$1,083$682$415$246$143$82
41 years$1,045$649$389$227$129$73
42 years$1,008$618$365$209$117$65
43 years$974$589$343$193$107$58
44 years$941$562$322$178$97$52
45 years$910$536$302$165$88$46
46 years$880$511$284$152$80$41
47 years$851$488$266$141$72$37
48 years$824$465$250$130$66$33
49 years$798$444$235$120$60$29
50 years$773$425$221$111$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $792,000, adding $3,845 every year, while hoping to spend $40,757 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: 52/33/15 Blend
65$792,000$792,000$792,000$792,000
66$876,750$834,774$822,498$918,600
67$922,813$832,313$806,687$945,207
68$972,209$828,365$788,980$969,502
69$1,025,235$822,815$769,270$995,016
70$1,082,215$815,539$747,447$1,021,874
71$1,143,508$806,408$723,394$1,050,219
72$1,209,507$795,283$696,988$1,080,208
73$1,280,642$782,017$668,103$1,112,020
74$1,357,388$766,456$636,605$1,145,851
75$1,440,264$748,436$602,354$1,181,921
76$1,529,844$727,781$565,205$1,220,474
77$1,626,754$704,309$525,006$1,261,785
78$1,731,687$677,824$481,598$1,306,156
79$1,845,402$648,120$434,814$1,353,927
80$1,968,733$614,979$384,481$1,405,472
81$2,102,600$578,169$330,417$1,461,211
82$2,248,013$537,447$272,434$1,521,610
83$2,406,083$492,554$210,333$1,587,184
84$2,578,032$443,218$143,908$1,658,508
85$2,765,206$389,150$72,943$1,736,219
86$2,969,084$330,045$0$1,821,027
87$3,191,295$265,582$0$1,914,162
88$3,433,632$195,421$0$2,028,537
89$3,698,067$119,201$0$2,153,473
90$3,986,772$36,544$0$2,290,080
91$4,302,137$0$0$2,439,591
92$4,646,794$0$0$2,622,596
93$5,023,640$0$0$2,837,277
94$5,435,864$0$0$3,072,192
95$5,886,980$0$0$3,329,352
96$6,380,854$0$0$3,610,972
97$6,921,745$0$0$3,919,490
98$7,514,344$0$0$4,257,594
99$8,163,815$0$0$4,628,242
100$8,875,847$0$0$5,034,691