Can I retire at age 66 with 795,000?

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 $795,000?

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%
1 years$65,650$65,066$64,495$63,938$63,394$63,101
2 years$32,500$31,895$31,308$30,740$30,188$29,891
3 years$21,452$20,844$20,259$19,695$19,152$18,862
4 years$15,928$15,322$14,743$14,189$13,660$13,378
5 years$12,615$12,013$11,441$10,899$10,384$10,112
6 years$10,407$9,809$9,246$8,716$8,216$7,954
7 years$8,831$8,238$7,684$7,166$6,682$6,430
8 years$7,649$7,061$6,516$6,011$5,543$5,301
9 years$6,730$6,148$5,613$5,120$4,668$4,436
10 years$5,996$5,419$4,893$4,414$3,978$3,755
11 years$5,395$4,825$4,308$3,841$3,421$3,208
12 years$4,895$4,330$3,823$3,369$2,965$2,761
13 years$4,472$3,913$3,416$2,975$2,585$2,391
14 years$4,110$3,557$3,069$2,640$2,266$2,081
15 years$3,796$3,249$2,771$2,355$1,995$1,819
16 years$3,522$2,981$2,512$2,108$1,763$1,596
17 years$3,281$2,746$2,286$1,894$1,564$1,405
18 years$3,066$2,537$2,087$1,707$1,390$1,240
19 years$2,874$2,351$1,910$1,543$1,239$1,096
20 years$2,702$2,185$1,753$1,397$1,107$972
21 years$2,546$2,035$1,613$1,268$990$863
22 years$2,405$1,900$1,486$1,153$888$767
23 years$2,276$1,777$1,372$1,050$797$683
24 years$2,158$1,665$1,269$958$716$609
25 years$2,050$1,562$1,176$875$645$543
26 years$1,950$1,468$1,090$800$581$485
27 years$1,857$1,382$1,012$732$523$434
28 years$1,772$1,302$941$671$472$388
29 years$1,692$1,228$876$615$427$347
30 years$1,618$1,160$816$564$385$311
31 years$1,549$1,097$761$518$348$279
32 years$1,484$1,038$710$476$315$250
33 years$1,424$983$663$438$285$224
34 years$1,367$931$619$403$258$201
35 years$1,313$883$579$371$234$180
36 years$1,263$838$541$342$212$162
37 years$1,215$796$507$315$192$146
38 years$1,170$757$475$290$174$131
39 years$1,127$720$445$268$158$117
40 years$1,087$685$417$247$143$106
41 years$1,049$652$391$228$130$95
42 years$1,012$621$367$210$118$85
43 years$978$591$344$194$107$77
44 years$945$564$323$179$97$69
45 years$913$538$303$165$88$62
46 years$883$513$285$153$80$56
47 years$855$489$268$141$73$50
48 years$827$467$251$130$66$45
49 years$801$446$236$121$60$41
50 years$776$426$222$111$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $795,000, adding $5,366 every year, while hoping to spend $59,977 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: 77/17/6 Blend
65$795,000$795,000$795,000$795,000
66$881,625$839,490$827,168$948,601
67$907,736$816,810$791,063$970,637
68$934,500$791,008$751,738$986,487
69$961,920$761,869$709,022$1,002,093
70$989,998$729,163$662,737$1,017,406
71$1,018,734$692,648$612,695$1,032,371
72$1,048,126$652,069$558,701$1,046,928
73$1,078,168$607,153$500,551$1,061,013
74$1,108,853$557,616$438,031$1,074,555
75$1,140,170$503,153$370,919$1,087,477
76$1,172,105$443,446$298,983$1,099,696
77$1,204,641$378,156$221,980$1,111,122
78$1,237,754$306,925$139,656$1,121,656
79$1,271,417$229,376$51,747$1,131,191
80$1,305,597$145,111$0$1,139,612
81$1,340,255$53,709$0$1,149,485
82$1,375,345$0$0$1,161,692
83$1,410,814$0$0$1,181,256
84$1,446,598$0$0$1,211,121
85$1,482,627$0$0$1,241,177
86$1,518,818$0$0$1,271,354
87$1,555,076$0$0$1,301,572
88$1,591,295$0$0$1,331,739
89$1,627,353$0$0$1,361,751
90$1,663,111$0$0$1,391,492
91$1,698,415$0$0$1,420,827
92$1,733,088$0$0$1,449,608
93$1,766,933$0$0$1,477,665
94$1,799,728$0$0$1,504,811
95$1,831,224$0$0$1,530,834
96$1,861,142$0$0$1,555,495
97$1,889,171$0$0$1,578,530
98$1,914,961$0$0$1,599,642
99$1,938,125$0$0$1,618,501
100$1,958,228$0$0$1,634,738