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%16.8%
1 years$65,816$65,229$64,657$64,099$63,554$61,792
2 years$32,582$31,975$31,387$30,817$30,264$28,502
3 years$21,506$20,896$20,309$19,745$19,201$17,494
4 years$15,968$15,361$14,780$14,225$13,694$12,055
5 years$12,647$12,043$11,470$10,926$10,410$8,844
6 years$10,433$9,834$9,269$8,738$8,237$6,745
7 years$8,853$8,259$7,703$7,184$6,699$5,282
8 years$7,668$7,079$6,533$6,026$5,557$4,214
9 years$6,747$6,164$5,627$5,133$4,680$3,409
10 years$6,011$5,433$4,905$4,425$3,988$2,787
11 years$5,409$4,837$4,319$3,851$3,430$2,297
12 years$4,907$4,341$3,833$3,378$2,972$1,906
13 years$4,483$3,923$3,424$2,982$2,592$1,590
14 years$4,120$3,566$3,077$2,647$2,272$1,332
15 years$3,806$3,258$2,778$2,361$2,000$1,120
16 years$3,531$2,989$2,519$2,114$1,768$944
17 years$3,289$2,753$2,292$1,899$1,568$798
18 years$3,074$2,544$2,092$1,712$1,394$676
19 years$2,882$2,357$1,915$1,547$1,242$573
20 years$2,709$2,191$1,758$1,401$1,110$487
21 years$2,553$2,040$1,617$1,271$993$414
22 years$2,411$1,905$1,490$1,156$890$352
23 years$2,282$1,781$1,376$1,053$799$300
24 years$2,163$1,669$1,272$960$718$256
25 years$2,055$1,566$1,178$877$646$218
26 years$1,955$1,472$1,093$802$582$186
27 years$1,862$1,385$1,015$734$525$159
28 years$1,776$1,305$944$672$474$136
29 years$1,697$1,232$878$617$428$116
30 years$1,622$1,163$818$566$386$99
31 years$1,553$1,099$762$520$349$85
32 years$1,488$1,040$711$478$316$73
33 years$1,427$985$664$439$286$62
34 years$1,370$934$621$404$259$53
35 years$1,316$886$580$372$234$45
36 years$1,266$841$543$343$212$39
37 years$1,218$798$508$316$193$33
38 years$1,173$759$476$291$175$28
39 years$1,130$721$446$268$158$24
40 years$1,090$686$418$247$144$21
41 years$1,051$653$392$228$130$18
42 years$1,015$622$367$211$118$15
43 years$980$593$345$194$107$13
44 years$947$565$324$180$97$11
45 years$915$539$304$166$88$10
46 years$885$514$285$153$80$8
47 years$857$491$268$142$73$7
48 years$829$468$252$131$66$6
49 years$803$447$237$121$60$5
50 years$778$427$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $797,000, adding $2,972 every year, while hoping to spend $55,943 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: 73/6/21 Blend
65$797,000$797,000$797,000$797,000
66$881,360$839,119$826,765$941,011
67$911,735$820,713$794,939$962,666
68$943,334$799,530$760,171$979,365
69$976,223$775,375$722,305$996,247
70$1,010,471$748,041$681,176$1,013,320
71$1,046,154$717,310$636,610$1,030,593
72$1,083,354$682,951$588,429$1,048,079
73$1,122,160$644,719$536,445$1,065,792
74$1,162,665$602,355$480,461$1,083,751
75$1,204,972$555,586$420,271$1,101,975
76$1,249,191$504,122$355,663$1,120,489
77$1,295,442$447,657$286,411$1,139,321
78$1,343,854$385,869$212,282$1,158,505
79$1,394,567$318,416$133,033$1,178,079
80$1,447,731$244,938$48,409$1,198,086
81$1,503,513$165,053$0$1,218,579
82$1,562,090$78,359$0$1,249,003
83$1,623,657$0$0$1,292,223
84$1,688,423$0$0$1,338,549
85$1,756,619$0$0$1,392,789
86$1,828,494$0$0$1,449,969
87$1,904,320$0$0$1,510,307
88$1,984,395$0$0$1,574,042
89$2,069,040$0$0$1,641,433
90$2,158,610$0$0$1,712,763
91$2,253,490$0$0$1,788,342
92$2,354,101$0$0$1,868,507
93$2,460,903$0$0$1,953,629
94$2,574,399$0$0$2,044,111
95$2,695,139$0$0$2,140,395
96$2,823,728$0$0$2,242,965
97$2,960,823$0$0$2,352,352
98$3,107,148$0$0$2,469,134
99$3,263,494$0$0$2,593,950
100$3,430,729$0$0$2,727,494