Can I retire at age 66 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,733$65,147$64,576$64,019$63,474$62,811
2 years$32,541$31,935$31,348$30,778$30,226$29,558
3 years$21,479$20,870$20,284$19,720$19,176$18,525
4 years$15,948$15,342$14,762$14,207$13,677$13,046
5 years$12,631$12,028$11,456$10,912$10,397$9,789
6 years$10,420$9,822$9,258$8,727$8,227$7,643
7 years$8,842$8,248$7,693$7,175$6,691$6,131
8 years$7,659$7,070$6,525$6,019$5,550$5,014
9 years$6,739$6,156$5,620$5,127$4,674$4,162
10 years$6,003$5,426$4,899$4,419$3,983$3,494
11 years$5,402$4,831$4,313$3,846$3,425$2,959
12 years$4,901$4,336$3,828$3,373$2,968$2,525
13 years$4,478$3,918$3,420$2,978$2,588$2,167
14 years$4,115$3,562$3,073$2,644$2,269$1,869
15 years$3,801$3,254$2,774$2,358$1,998$1,618
16 years$3,527$2,985$2,515$2,111$1,766$1,406
17 years$3,285$2,749$2,289$1,897$1,566$1,226
18 years$3,070$2,540$2,089$1,709$1,392$1,071
19 years$2,878$2,354$1,913$1,545$1,241$938
20 years$2,705$2,188$1,755$1,399$1,108$823
21 years$2,549$2,038$1,615$1,270$992$723
22 years$2,408$1,902$1,488$1,154$889$636
23 years$2,279$1,779$1,374$1,051$798$560
24 years$2,161$1,667$1,271$959$717$494
25 years$2,052$1,564$1,177$876$645$436
26 years$1,952$1,470$1,092$801$581$385
27 years$1,860$1,384$1,014$733$524$341
28 years$1,774$1,304$942$671$473$301
29 years$1,694$1,230$877$616$427$267
30 years$1,620$1,162$817$565$386$236
31 years$1,551$1,098$761$519$349$209
32 years$1,486$1,039$710$477$316$185
33 years$1,426$984$663$439$286$164
34 years$1,368$933$620$404$259$146
35 years$1,315$885$579$372$234$129
36 years$1,264$840$542$342$212$115
37 years$1,217$797$507$315$192$102
38 years$1,171$758$475$291$174$90
39 years$1,129$721$445$268$158$80
40 years$1,088$686$417$247$143$71
41 years$1,050$653$391$228$130$63
42 years$1,013$622$367$210$118$56
43 years$979$592$344$194$107$50
44 years$946$564$323$179$97$44
45 years$914$538$304$166$88$39
46 years$884$513$285$153$80$35
47 years$856$490$268$141$73$31
48 years$828$468$252$131$66$28
49 years$802$447$237$121$60$25
50 years$777$427$222$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $796,000, adding $6,021 every year, while hoping to spend $42,212 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: 43/29/28 Blend
65$796,000$796,000$796,000$796,000
66$883,403$841,215$828,877$913,957
67$928,596$837,521$811,731$932,735
68$976,985$832,231$792,596$948,614
69$1,028,850$825,223$771,360$965,012
70$1,084,501$816,367$747,908$982,003
71$1,144,274$805,523$722,118$999,670
72$1,208,543$792,547$693,862$1,018,108
73$1,277,716$777,283$663,007$1,037,426
74$1,352,239$759,566$629,415$1,057,744
75$1,432,607$739,224$592,939$1,079,202
76$1,519,359$716,072$553,428$1,101,955
77$1,613,089$689,915$510,724$1,126,182
78$1,714,450$660,547$464,659$1,152,079
79$1,824,160$627,751$415,062$1,179,871
80$1,943,009$591,294$361,750$1,209,809
81$2,071,862$550,934$304,535$1,242,175
82$2,211,674$506,412$243,220$1,277,286
83$2,363,495$457,456$177,597$1,315,497
84$2,528,477$403,777$107,452$1,357,204
85$2,707,890$345,071$32,561$1,402,852
86$2,903,132$281,016$0$1,452,936
87$3,115,737$211,272$0$1,522,160
88$3,347,398$135,479$0$1,608,294
89$3,599,974$53,260$0$1,702,365
90$3,875,514$0$0$1,805,222
91$4,176,272$0$0$1,929,225
92$4,504,729$0$0$2,083,300
93$4,863,617$0$0$2,251,747
94$5,255,943$0$0$2,435,987
95$5,685,017$0$0$2,637,588
96$6,154,485$0$0$2,858,277
97$6,668,362$0$0$3,099,953
98$7,231,066$0$0$3,364,708
99$7,847,467$0$0$3,654,849
100$8,522,923$0$0$3,972,912