Can I retire at age 66 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$63,090$62,528$61,980$61,445$60,922$59,889
2 years$31,233$30,651$30,087$29,541$29,011$27,972
3 years$20,615$20,031$19,469$18,927$18,406$17,395
4 years$15,307$14,725$14,168$13,636$13,127$12,152
5 years$12,123$11,544$10,995$10,474$9,979$9,042
6 years$10,001$9,427$8,886$8,376$7,896$6,999
7 years$8,486$7,917$7,384$6,886$6,422$5,564
8 years$7,351$6,786$6,262$5,777$5,327$4,509
9 years$6,468$5,908$5,394$4,920$4,486$3,707
10 years$5,762$5,208$4,702$4,242$3,823$3,082
11 years$5,185$4,636$4,140$3,691$3,288$2,585
12 years$4,704$4,161$3,674$3,238$2,849$2,183
13 years$4,298$3,761$3,282$2,859$2,484$1,854
14 years$3,950$3,418$2,949$2,537$2,178$1,582
15 years$3,648$3,123$2,663$2,263$1,917$1,355
16 years$3,385$2,865$2,414$2,026$1,695$1,164
17 years$3,153$2,639$2,197$1,821$1,503$1,003
18 years$2,946$2,438$2,005$1,641$1,336$867
19 years$2,762$2,260$1,836$1,483$1,191$750
20 years$2,597$2,100$1,685$1,343$1,064$650
21 years$2,447$1,956$1,550$1,219$952$565
22 years$2,311$1,826$1,428$1,108$853$491
23 years$2,187$1,708$1,319$1,009$766$427
24 years$2,074$1,600$1,220$920$688$372
25 years$1,970$1,501$1,130$840$619$324
26 years$1,874$1,411$1,048$769$558$283
27 years$1,785$1,328$973$703$503$247
28 years$1,703$1,251$904$644$454$216
29 years$1,626$1,181$842$591$410$188
30 years$1,555$1,115$784$542$370$165
31 years$1,489$1,054$731$498$335$144
32 years$1,427$997$682$458$303$126
33 years$1,368$944$637$421$274$110
34 years$1,313$895$595$387$248$96
35 years$1,262$849$556$357$225$84
36 years$1,213$806$520$328$204$74
37 years$1,168$765$487$303$185$65
38 years$1,124$727$456$279$167$57
39 years$1,083$692$427$257$152$50
40 years$1,045$658$400$237$138$43
41 years$1,008$626$376$219$125$38
42 years$973$597$352$202$113$33
43 years$939$568$331$186$103$29
44 years$908$542$310$172$93$26
45 years$878$517$291$159$85$22
46 years$849$493$274$147$77$20
47 years$821$470$257$136$70$17
48 years$795$449$242$125$63$15
49 years$770$429$227$116$58$13
50 years$746$410$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $764,000, adding $5,036 every year, while hoping to spend $56,900 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: 47/24/29 Blend
65$764,000$764,000$764,000$764,000
66$847,123$806,631$794,789$879,686
67$872,988$785,614$760,873$882,189
68$899,585$761,661$723,914$878,989
69$926,927$734,567$683,750$874,429
70$955,029$704,117$640,211$868,409
71$983,905$670,081$593,121$860,828
72$1,013,566$632,219$542,294$851,575
73$1,044,027$590,274$487,537$840,535
74$1,075,297$543,977$428,650$827,585
75$1,107,388$493,042$365,419$812,596
76$1,140,308$437,168$297,627$795,431
77$1,174,064$376,034$225,043$775,944
78$1,208,663$309,304$147,426$753,982
79$1,244,109$236,622$64,527$729,383
80$1,280,403$157,612$0$701,974
81$1,317,546$71,876$0$678,982
82$1,355,533$0$0$674,595
83$1,394,358$0$0$674,258
84$1,434,010$0$0$693,286
85$1,474,477$0$0$712,687
86$1,515,738$0$0$732,451
87$1,557,770$0$0$752,564
88$1,600,543$0$0$773,009
89$1,644,021$0$0$793,765
90$1,688,161$0$0$814,808
91$1,732,912$0$0$836,110
92$1,778,213$0$0$857,638
93$1,823,993$0$0$879,353
94$1,870,172$0$0$901,212
95$1,916,655$0$0$923,163
96$1,963,335$0$0$945,150
97$2,010,088$0$0$967,106
98$2,056,775$0$0$988,955
99$2,103,236$0$0$1,010,615
100$2,149,291$0$0$1,031,989