Can I retire at age 66 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$62,843$62,283$61,737$61,204$60,683$59,604
2 years$31,110$30,531$29,969$29,425$28,897$27,814
3 years$20,534$19,952$19,392$18,853$18,333$17,279
4 years$15,247$14,667$14,112$13,582$13,075$12,059
5 years$12,076$11,499$10,952$10,433$9,940$8,964
6 years$9,962$9,390$8,851$8,343$7,865$6,930
7 years$8,453$7,886$7,355$6,859$6,396$5,503
8 years$7,322$6,759$6,238$5,754$5,306$4,455
9 years$6,442$5,885$5,372$4,901$4,469$3,658
10 years$5,739$5,188$4,684$4,225$3,808$3,038
11 years$5,164$4,618$4,124$3,677$3,275$2,544
12 years$4,686$4,145$3,660$3,225$2,838$2,146
13 years$4,281$3,746$3,270$2,847$2,475$1,820
14 years$3,934$3,405$2,938$2,528$2,169$1,551
15 years$3,634$3,110$2,652$2,254$1,910$1,327
16 years$3,372$2,854$2,405$2,018$1,688$1,138
17 years$3,140$2,628$2,188$1,813$1,497$980
18 years$2,935$2,429$1,998$1,634$1,331$845
19 years$2,751$2,251$1,829$1,477$1,186$730
20 years$2,586$2,092$1,678$1,337$1,060$632
21 years$2,437$1,948$1,544$1,214$948$548
22 years$2,302$1,819$1,423$1,104$850$476
23 years$2,179$1,701$1,314$1,005$763$413
24 years$2,066$1,594$1,215$917$686$359
25 years$1,962$1,496$1,125$837$617$313
26 years$1,866$1,406$1,044$765$556$272
27 years$1,778$1,323$969$701$501$237
28 years$1,696$1,246$901$642$452$207
29 years$1,620$1,176$838$589$408$180
30 years$1,549$1,111$781$540$369$157
31 years$1,483$1,050$728$496$334$137
32 years$1,421$993$679$456$302$120
33 years$1,363$941$634$419$273$105
34 years$1,308$892$593$386$247$92
35 years$1,257$846$554$355$224$80
36 years$1,209$803$518$327$203$70
37 years$1,163$762$485$301$184$61
38 years$1,120$724$454$278$167$53
39 years$1,079$689$426$256$151$47
40 years$1,040$655$399$236$137$41
41 years$1,004$624$374$218$124$36
42 years$969$594$351$201$113$31
43 years$936$566$329$186$102$27
44 years$904$540$309$171$93$24
45 years$874$515$290$158$84$21
46 years$845$491$273$146$77$18
47 years$818$468$256$135$70$16
48 years$792$447$241$125$63$14
49 years$767$427$226$115$57$12
50 years$743$408$213$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $761,000, adding $6,861 every year, while hoping to spend $28,770 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: 40/41/19 Blend
65$761,000$761,000$761,000$761,000
66$845,699$805,366$793,571$874,518
67$901,349$814,218$789,544$904,599
68$961,712$822,539$784,419$933,844
69$1,027,236$830,274$778,127$964,886
70$1,098,419$837,361$770,598$997,902
71$1,175,803$843,738$761,759$1,033,091
72$1,259,989$849,335$751,532$1,070,673
73$1,351,636$854,081$739,837$1,110,891
74$1,451,470$857,898$726,588$1,154,016
75$1,560,289$860,704$711,697$1,200,346
76$1,678,971$862,411$695,072$1,250,214
77$1,808,485$862,927$676,615$1,303,987
78$1,949,893$862,154$656,225$1,362,072
79$2,104,370$859,987$633,796$1,424,920
80$2,273,204$856,314$609,216$1,493,030
81$2,457,815$851,019$582,370$1,566,955
82$2,659,769$843,975$553,136$1,647,306
83$2,880,786$835,051$521,387$1,734,761
84$3,122,764$824,106$486,991$1,830,070
85$3,387,789$810,991$449,809$1,934,061
86$3,678,162$795,548$409,696$2,047,652
87$3,996,415$777,610$366,501$2,171,858
88$4,345,337$757,000$320,066$2,307,801
89$4,727,999$733,531$270,226$2,456,722
90$5,147,785$707,004$216,809$2,619,994
91$5,608,422$677,209$159,634$2,799,133
92$6,114,013$643,925$98,514$2,995,818
93$6,669,081$606,916$33,253$3,211,900
94$7,278,607$565,934$0$3,449,430
95$7,948,076$520,716$0$3,718,048
96$8,683,533$470,985$0$4,020,552
97$9,491,637$416,447$0$4,353,002
98$10,379,722$356,791$0$4,718,497
99$11,355,870$291,690$0$5,120,458
100$12,428,984$220,798$0$5,562,661