Can I retire at age 66 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$65,816$65,229$64,657$64,099$63,554$61,275
2 years$32,582$31,975$31,387$30,817$30,264$27,992
3 years$21,506$20,896$20,309$19,745$19,201$17,008
4 years$15,968$15,361$14,780$14,225$13,694$11,597
5 years$12,647$12,043$11,470$10,926$10,410$8,414
6 years$10,433$9,834$9,269$8,738$8,237$6,344
7 years$8,853$8,259$7,703$7,184$6,699$4,908
8 years$7,668$7,079$6,533$6,026$5,557$3,867
9 years$6,747$6,164$5,627$5,133$4,680$3,089
10 years$6,011$5,433$4,905$4,425$3,988$2,492
11 years$5,409$4,837$4,319$3,851$3,430$2,027
12 years$4,907$4,341$3,833$3,378$2,972$1,658
13 years$4,483$3,923$3,424$2,982$2,592$1,364
14 years$4,120$3,566$3,077$2,647$2,272$1,126
15 years$3,806$3,258$2,778$2,361$2,000$932
16 years$3,531$2,989$2,519$2,114$1,768$774
17 years$3,289$2,753$2,292$1,899$1,568$644
18 years$3,074$2,544$2,092$1,712$1,394$537
19 years$2,882$2,357$1,915$1,547$1,242$449
20 years$2,709$2,191$1,758$1,401$1,110$375
21 years$2,553$2,040$1,617$1,271$993$314
22 years$2,411$1,905$1,490$1,156$890$263
23 years$2,282$1,781$1,376$1,053$799$220
24 years$2,163$1,669$1,272$960$718$185
25 years$2,055$1,566$1,178$877$646$155
26 years$1,955$1,472$1,093$802$582$130
27 years$1,862$1,385$1,015$734$525$109
28 years$1,776$1,305$944$672$474$92
29 years$1,697$1,232$878$617$428$77
30 years$1,622$1,163$818$566$386$65
31 years$1,553$1,099$762$520$349$54
32 years$1,488$1,040$711$478$316$46
33 years$1,427$985$664$439$286$38
34 years$1,370$934$621$404$259$32
35 years$1,316$886$580$372$234$27
36 years$1,266$841$543$343$212$23
37 years$1,218$798$508$316$193$19
38 years$1,173$759$476$291$175$16
39 years$1,130$721$446$268$158$14
40 years$1,090$686$418$247$144$11
41 years$1,051$653$392$228$130$10
42 years$1,015$622$367$211$118$8
43 years$980$593$345$194$107$7
44 years$947$565$324$180$97$6
45 years$915$539$304$166$88$5
46 years$885$514$285$153$80$4
47 years$857$491$268$142$73$3
48 years$829$468$252$131$66$3
49 years$803$447$237$121$60$2
50 years$778$427$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $797,000, adding $3,622 every year, while hoping to spend $45,706 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: 65/30/5 Blend
65$797,000$797,000$797,000$797,000
66$882,030$839,789$827,436$938,529
67$923,366$832,308$806,524$969,032
68$967,387$822,928$783,380$996,543
69$1,014,318$811,509$757,880$1,025,379
70$1,064,405$797,900$729,896$1,055,663
71$1,117,921$781,943$699,294$1,087,532
72$1,175,160$763,470$665,932$1,121,139
73$1,236,450$742,303$629,664$1,156,653
74$1,302,146$718,254$590,335$1,194,262
75$1,372,639$691,123$547,786$1,234,177
76$1,448,359$660,699$501,848$1,276,630
77$1,529,778$626,760$452,346$1,321,879
78$1,617,413$589,068$399,097$1,370,211
79$1,711,832$547,375$341,910$1,421,946
80$1,813,658$501,417$280,584$1,477,436
81$1,923,579$450,914$214,911$1,537,074
82$2,042,347$395,571$144,673$1,601,297
83$2,170,790$335,078$69,643$1,670,588
84$2,309,818$269,104$0$1,745,483
85$2,460,431$197,302$0$1,827,132
86$2,623,730$119,304$0$1,919,640
87$2,800,924$34,724$0$2,020,032
88$2,993,343$0$0$2,129,132
89$3,202,450$0$0$2,266,620
90$3,429,856$0$0$2,428,651
91$3,677,332$0$0$2,605,030
92$3,946,825$0$0$2,797,153
93$4,240,480$0$0$3,006,555
94$4,560,657$0$0$3,234,924
95$4,909,953$0$0$3,484,121
96$5,291,226$0$0$3,756,191
97$5,707,624$0$0$4,053,389
98$6,162,610$0$0$4,378,193
99$6,659,998$0$0$4,733,336
100$7,203,987$0$0$5,121,823