Can I retire at age 66 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$63,173$62,610$62,061$61,525$61,002$59,431
2 years$31,274$30,691$30,127$29,580$29,049$27,476
3 years$20,642$20,057$19,494$18,952$18,430$16,905
4 years$15,327$14,744$14,187$13,654$13,144$11,679
5 years$12,139$11,560$11,009$10,487$9,992$8,591
6 years$10,015$9,439$8,897$8,387$7,906$6,570
7 years$8,498$7,927$7,394$6,895$6,430$5,159
8 years$7,360$6,795$6,270$5,784$5,334$4,128
9 years$6,476$5,916$5,401$4,927$4,492$3,349
10 years$5,769$5,215$4,708$4,247$3,828$2,747
11 years$5,191$4,642$4,145$3,696$3,292$2,271
12 years$4,710$4,167$3,679$3,242$2,853$1,891
13 years$4,303$3,766$3,287$2,862$2,488$1,583
14 years$3,955$3,423$2,953$2,541$2,181$1,330
15 years$3,653$3,127$2,666$2,266$1,920$1,122
16 years$3,389$2,869$2,417$2,029$1,697$950
17 years$3,157$2,642$2,200$1,823$1,505$805
18 years$2,950$2,441$2,008$1,643$1,338$685
19 years$2,766$2,263$1,838$1,484$1,192$583
20 years$2,600$2,103$1,687$1,344$1,065$497
21 years$2,450$1,958$1,552$1,220$953$424
22 years$2,314$1,828$1,430$1,109$854$363
23 years$2,190$1,710$1,321$1,010$767$310
24 years$2,077$1,602$1,221$922$689$265
25 years$1,972$1,503$1,131$842$620$227
26 years$1,876$1,413$1,049$770$559$195
27 years$1,787$1,330$974$704$504$167
28 years$1,705$1,253$906$645$455$143
29 years$1,628$1,182$843$592$410$123
30 years$1,557$1,116$785$543$371$106
31 years$1,491$1,055$732$499$335$91
32 years$1,428$999$683$458$303$78
33 years$1,370$946$638$422$274$67
34 years$1,315$896$596$388$249$57
35 years$1,264$850$557$357$225$49
36 years$1,215$807$521$329$204$42
37 years$1,169$766$488$303$185$36
38 years$1,126$728$457$279$168$31
39 years$1,085$693$428$257$152$27
40 years$1,046$659$401$237$138$23
41 years$1,009$627$376$219$125$20
42 years$974$597$353$202$113$17
43 years$941$569$331$187$103$15
44 years$909$542$311$172$93$13
45 years$879$517$292$159$85$11
46 years$850$493$274$147$77$9
47 years$822$471$257$136$70$8
48 years$796$450$242$126$64$7
49 years$771$429$227$116$58$6
50 years$747$410$214$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $765,000, adding $5,340 every year, while hoping to spend $45,370 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: 64/27/9 Blend
65$765,000$765,000$765,000$765,000
66$848,538$807,993$796,136$900,908
67$886,816$799,312$774,533$927,821
68$927,477$788,684$750,686$951,394
69$970,717$775,967$724,471$975,979
70$1,016,750$761,009$695,761$1,001,669
71$1,065,809$743,649$664,420$1,028,574
72$1,118,151$723,717$630,307$1,056,812
73$1,174,056$701,033$593,276$1,086,516
74$1,233,832$675,406$553,173$1,117,835
75$1,297,816$646,633$509,837$1,150,935
76$1,366,377$614,502$463,100$1,186,001
77$1,439,921$578,786$412,787$1,223,239
78$1,518,893$539,247$358,716$1,262,877
79$1,603,781$495,632$300,694$1,305,171
80$1,695,122$447,673$238,523$1,350,406
81$1,793,504$395,088$171,993$1,398,896
82$1,899,573$337,579$100,886$1,450,994
83$2,014,040$274,831$24,977$1,507,090
84$2,137,685$206,511$0$1,567,618
85$2,271,366$132,267$0$1,638,442
86$2,416,024$51,727$0$1,717,625
87$2,572,697$0$0$1,803,386
88$2,742,523$0$0$1,906,959
89$2,926,754$0$0$2,036,034
90$3,126,769$0$0$2,176,213
91$3,344,082$0$0$2,328,565
92$3,580,359$0$0$2,494,264
93$3,837,436$0$0$2,674,602
94$4,117,328$0$0$2,871,000
95$4,422,256$0$0$3,085,025
96$4,754,664$0$0$3,318,397
97$5,117,239$0$0$3,573,012
98$5,512,941$0$0$3,850,956
99$5,945,027$0$0$4,154,526
100$6,417,084$0$0$4,486,249