Can I retire at age 66 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$65,568$64,984$64,414$63,858$63,315$63,048
2 years$32,459$31,855$31,269$30,701$30,150$29,881
3 years$21,425$20,817$20,233$19,670$19,128$18,865
4 years$15,908$15,303$14,724$14,171$13,642$13,387
5 years$12,599$11,998$11,427$10,885$10,371$10,124
6 years$10,394$9,797$9,235$8,705$8,206$7,968
7 years$8,820$8,228$7,674$7,157$6,674$6,444
8 years$7,639$7,053$6,508$6,004$5,536$5,316
9 years$6,722$6,141$5,605$5,114$4,663$4,451
10 years$5,988$5,413$4,887$4,408$3,973$3,770
11 years$5,388$4,818$4,302$3,836$3,417$3,223
12 years$4,889$4,325$3,818$3,365$2,961$2,776
13 years$4,466$3,908$3,411$2,971$2,582$2,405
14 years$4,105$3,553$3,065$2,637$2,263$2,095
15 years$3,791$3,245$2,767$2,352$1,993$1,833
16 years$3,518$2,978$2,509$2,106$1,761$1,609
17 years$3,276$2,742$2,283$1,892$1,562$1,417
18 years$3,062$2,534$2,084$1,705$1,389$1,251
19 years$2,871$2,348$1,908$1,541$1,238$1,107
20 years$2,699$2,182$1,751$1,395$1,105$982
21 years$2,543$2,033$1,611$1,266$989$872
22 years$2,402$1,897$1,484$1,151$887$776
23 years$2,273$1,775$1,371$1,049$796$692
24 years$2,155$1,663$1,268$956$715$617
25 years$2,047$1,560$1,174$873$644$551
26 years$1,947$1,467$1,089$799$580$493
27 years$1,855$1,380$1,011$731$523$441
28 years$1,770$1,301$940$670$472$394
29 years$1,690$1,227$875$614$426$353
30 years$1,616$1,159$815$564$385$317
31 years$1,547$1,095$760$518$348$284
32 years$1,483$1,036$709$476$315$255
33 years$1,422$981$662$438$285$229
34 years$1,365$930$618$403$258$205
35 years$1,312$882$578$371$234$185
36 years$1,261$837$541$341$212$166
37 years$1,213$795$506$314$192$149
38 years$1,168$756$474$290$174$134
39 years$1,126$719$444$267$158$120
40 years$1,086$684$416$247$143$108
41 years$1,047$651$390$227$130$97
42 years$1,011$620$366$210$118$88
43 years$976$591$344$194$107$79
44 years$943$563$322$179$97$71
45 years$912$537$303$165$88$64
46 years$882$512$284$153$80$58
47 years$854$489$267$141$73$52
48 years$826$467$251$130$66$47
49 years$800$446$236$120$60$42
50 years$775$426$222$111$54$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $794,000, adding $2,586 every year, while hoping to spend $47,454 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: 72/6/22 Blend
65$794,000$794,000$794,000$794,000
66$877,655$835,573$823,266$935,921
67$916,686$826,026$800,355$965,530
68$958,106$814,420$775,086$992,053
69$1,002,112$800,605$747,330$1,019,925
70$1,048,913$784,421$716,951$1,049,275
71$1,098,743$765,698$683,810$1,080,244
72$1,151,854$744,257$647,757$1,112,989
73$1,208,526$719,908$608,640$1,147,684
74$1,269,063$692,451$566,296$1,184,521
75$1,333,798$661,672$520,558$1,223,713
76$1,403,098$627,346$471,249$1,265,498
77$1,477,365$589,236$418,186$1,310,136
78$1,557,037$547,090$361,177$1,357,918
79$1,642,599$500,642$300,021$1,409,165
80$1,734,581$449,610$234,508$1,464,233
81$1,833,564$393,697$164,420$1,523,515
82$1,940,189$332,589$89,530$1,587,446
83$2,055,157$265,955$9,597$1,656,511
84$2,179,239$193,443$0$1,731,240
85$2,313,283$114,683$0$1,829,997
86$2,458,220$29,285$0$1,939,221
87$2,615,074$0$0$2,057,445
88$2,784,969$0$0$2,189,702
89$2,969,143$0$0$2,335,203
90$3,168,956$0$0$2,493,093
91$3,385,904$0$0$2,664,558
92$3,621,633$0$0$2,850,903
93$3,877,953$0$0$3,053,564
94$4,156,856$0$0$3,274,121
95$4,460,532$0$0$3,514,310
96$4,791,392$0$0$3,776,045
97$5,152,091$0$0$4,061,431
98$5,545,549$0$0$4,372,783
99$5,974,979$0$0$4,712,651
100$6,443,921$0$0$5,083,841