Can I retire at age 66 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$63,503$62,938$62,386$61,847$61,321$60,157
2 years$31,437$30,852$30,284$29,734$29,201$28,032
3 years$20,750$20,162$19,596$19,051$18,526$17,390
4 years$15,407$14,821$14,261$13,725$13,213$12,118
5 years$12,203$11,620$11,067$10,542$10,044$8,993
6 years$10,067$9,489$8,944$8,431$7,948$6,942
7 years$8,542$7,969$7,432$6,931$6,464$5,503
8 years$7,399$6,830$6,303$5,815$5,362$4,447
9 years$6,510$5,947$5,429$4,953$4,516$3,645
10 years$5,800$5,242$4,733$4,269$3,848$3,021
11 years$5,219$4,667$4,167$3,716$3,309$2,526
12 years$4,735$4,189$3,698$3,259$2,868$2,126
13 years$4,326$3,785$3,304$2,877$2,501$1,800
14 years$3,975$3,441$2,969$2,554$2,192$1,530
15 years$3,672$3,143$2,680$2,278$1,930$1,306
16 years$3,407$2,884$2,430$2,040$1,706$1,119
17 years$3,173$2,656$2,211$1,832$1,512$961
18 years$2,966$2,454$2,019$1,651$1,345$827
19 years$2,780$2,274$1,848$1,492$1,199$713
20 years$2,614$2,114$1,696$1,351$1,071$616
21 years$2,463$1,969$1,560$1,227$958$533
22 years$2,326$1,838$1,438$1,115$859$461
23 years$2,202$1,719$1,327$1,016$771$400
24 years$2,087$1,610$1,228$926$693$347
25 years$1,983$1,511$1,137$846$624$301
26 years$1,886$1,420$1,055$774$562$262
27 years$1,797$1,337$979$708$506$227
28 years$1,714$1,260$910$649$457$198
29 years$1,637$1,188$847$595$413$172
30 years$1,565$1,122$789$546$373$150
31 years$1,498$1,061$736$501$337$130
32 years$1,436$1,004$686$461$305$114
33 years$1,377$951$641$424$276$99
34 years$1,322$901$599$390$250$86
35 years$1,270$855$560$359$226$75
36 years$1,221$811$524$331$205$65
37 years$1,175$770$490$305$186$57
38 years$1,132$732$459$281$168$50
39 years$1,090$696$430$259$153$43
40 years$1,051$662$403$239$139$38
41 years$1,014$630$378$220$126$33
42 years$979$600$355$203$114$29
43 years$946$572$333$188$104$25
44 years$914$545$312$173$94$22
45 years$883$520$293$160$85$19
46 years$854$496$275$148$77$17
47 years$827$473$259$137$70$15
48 years$800$452$243$126$64$13
49 years$775$432$229$117$58$11
50 years$751$412$215$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $769,000, adding $5,509 every year, while hoping to spend $45,834 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: 22/49/29 Blend
65$769,000$769,000$769,000$769,000
66$853,121$812,364$800,444$863,979
67$891,372$803,402$778,492$865,126
68$931,989$792,466$754,268$862,177
69$975,164$779,409$727,648$858,044
70$1,021,108$764,078$698,502$852,659
71$1,070,053$746,309$666,694$845,953
72$1,122,251$725,931$632,081$837,857
73$1,177,980$702,761$594,515$828,300
74$1,237,542$676,605$553,840$817,209
75$1,301,272$647,259$509,893$804,511
76$1,369,533$614,505$462,506$790,132
77$1,442,725$578,117$411,500$774,000
78$1,521,289$537,850$356,691$756,040
79$1,605,706$493,450$297,886$736,180
80$1,696,504$444,645$234,881$714,349
81$1,794,265$391,150$167,467$690,477
82$1,899,625$332,662$95,423$664,498
83$2,013,287$268,862$18,519$636,349
84$2,136,019$199,413$0$605,970
85$2,268,667$123,958$0$592,975
86$2,412,160$42,122$0$585,044
87$2,567,520$0$0$576,486
88$2,735,871$0$0$592,425
89$2,918,447$0$0$634,457
90$3,116,607$0$0$680,196
91$3,331,844$0$0$730,004
92$3,565,802$0$0$784,275
93$3,820,288$0$0$843,445
94$4,097,290$0$0$907,995
95$4,398,998$0$0$978,453
96$4,727,820$0$0$1,055,399
97$5,086,405$0$0$1,139,474
98$5,477,670$0$0$1,231,381
99$5,904,827$0$0$1,331,898
100$6,371,410$0$0$1,441,876