Can I retire at age 66 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$65,485$64,902$64,333$63,777$63,235$61,064
2 years$32,418$31,815$31,230$30,662$30,112$27,947
3 years$21,398$20,791$20,208$19,646$19,104$17,013
4 years$15,888$15,284$14,706$14,154$13,625$11,624
5 years$12,584$11,983$11,412$10,871$10,358$8,452
6 years$10,381$9,785$9,223$8,694$8,196$6,386
7 years$8,809$8,217$7,664$7,148$6,665$4,952
8 years$7,630$7,044$6,500$5,996$5,530$3,911
9 years$6,713$6,133$5,598$5,107$4,657$3,131
10 years$5,981$5,406$4,881$4,403$3,968$2,533
11 years$5,381$4,812$4,297$3,832$3,412$2,065
12 years$4,883$4,319$3,813$3,361$2,957$1,694
13 years$4,461$3,903$3,407$2,967$2,579$1,397
14 years$4,100$3,548$3,061$2,634$2,260$1,157
15 years$3,787$3,241$2,764$2,349$1,990$961
16 years$3,513$2,974$2,506$2,103$1,759$800
17 years$3,272$2,739$2,280$1,890$1,560$668
18 years$3,058$2,531$2,082$1,703$1,387$558
19 years$2,867$2,345$1,906$1,539$1,236$468
20 years$2,695$2,180$1,749$1,394$1,104$392
21 years$2,540$2,030$1,609$1,265$988$329
22 years$2,399$1,895$1,483$1,150$886$276
23 years$2,270$1,772$1,369$1,047$795$232
24 years$2,153$1,661$1,266$955$715$196
25 years$2,044$1,558$1,173$872$643$165
26 years$1,945$1,465$1,088$798$579$139
27 years$1,853$1,378$1,010$730$522$117
28 years$1,767$1,299$939$669$471$98
29 years$1,688$1,225$874$613$425$83
30 years$1,614$1,157$814$563$384$70
31 years$1,545$1,094$759$517$348$59
32 years$1,481$1,035$708$475$314$50
33 years$1,420$980$661$437$285$42
34 years$1,363$929$617$402$258$35
35 years$1,310$881$577$370$233$30
36 years$1,259$836$540$341$211$25
37 years$1,212$794$505$314$192$21
38 years$1,167$755$473$289$174$18
39 years$1,124$718$443$267$158$15
40 years$1,084$683$416$246$143$13
41 years$1,046$650$390$227$130$11
42 years$1,010$619$366$210$118$9
43 years$975$590$343$194$107$8
44 years$942$562$322$179$97$6
45 years$911$536$302$165$88$5
46 years$881$512$284$152$80$5
47 years$852$488$267$141$73$4
48 years$825$466$251$130$66$3
49 years$799$445$236$120$60$3
50 years$774$425$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $793,000, adding $4,031 every year, while hoping to spend $38,235 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: 70/20/10 Blend
65$793,000$793,000$793,000$793,000
66$878,044$836,015$823,723$937,499
67$926,923$836,298$810,636$977,702
68$979,506$835,313$795,830$1,016,636
69$1,036,130$832,959$779,205$1,058,216
70$1,097,167$829,125$760,660$1,102,694
71$1,163,023$823,697$740,087$1,150,349
72$1,234,146$816,553$717,374$1,201,490
73$1,311,026$807,562$692,404$1,256,455
74$1,394,205$796,586$665,054$1,315,621
75$1,484,276$783,481$635,195$1,379,401
76$1,581,892$768,092$602,694$1,448,253
77$1,687,771$750,254$567,410$1,522,682
78$1,802,702$729,795$529,196$1,603,246
79$1,927,553$706,530$487,900$1,690,560
80$2,063,280$680,267$443,361$1,785,303
81$2,210,933$650,798$395,413$1,888,227
82$2,371,669$617,908$343,879$2,000,160
83$2,546,759$581,365$288,579$2,122,015
84$2,737,604$540,927$229,322$2,254,802
85$2,945,743$496,337$165,908$2,399,635
86$3,172,873$447,322$98,130$2,557,745
87$3,420,861$393,595$25,772$2,730,487
88$3,691,760$334,852$0$2,919,361
89$3,987,833$270,774$0$3,131,510
90$4,311,570$201,020$0$3,366,558
91$4,665,713$125,233$0$3,623,795
92$5,053,282$43,035$0$3,905,469
93$5,477,599$0$0$4,214,062
94$5,942,327$0$0$4,562,426
95$6,451,497$0$0$4,954,522
96$7,009,548$0$0$5,384,305
97$7,621,370$0$0$5,855,544
98$8,292,349$0$0$6,372,395
99$9,028,416$0$0$6,939,430
100$9,836,104$0$0$7,561,691