Can I retire at age 66 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,586$63,019$62,467$61,928$61,401$60,963
2 years$31,478$30,892$30,324$29,773$29,239$28,797
3 years$20,777$20,188$19,621$19,076$18,550$18,118
4 years$15,427$14,840$14,279$13,743$13,230$12,812
5 years$12,219$11,635$11,081$10,556$10,057$9,654
6 years$10,080$9,501$8,955$8,442$7,958$7,569
7 years$8,553$7,979$7,442$6,940$6,472$6,099
8 years$7,408$6,839$6,311$5,822$5,369$5,011
9 years$6,519$5,955$5,436$4,959$4,522$4,179
10 years$5,807$5,249$4,739$4,275$3,853$3,525
11 years$5,225$4,673$4,172$3,720$3,313$3,000
12 years$4,741$4,194$3,703$3,263$2,871$2,573
13 years$4,331$3,790$3,308$2,881$2,504$2,219
14 years$3,981$3,445$2,972$2,557$2,195$1,924
15 years$3,677$3,147$2,684$2,281$1,933$1,675
16 years$3,411$2,888$2,433$2,042$1,708$1,464
17 years$3,177$2,659$2,214$1,835$1,514$1,283
18 years$2,970$2,457$2,021$1,654$1,347$1,127
19 years$2,784$2,277$1,850$1,494$1,200$993
20 years$2,617$2,116$1,698$1,353$1,072$876
21 years$2,466$1,971$1,562$1,228$959$774
22 years$2,329$1,840$1,440$1,117$860$685
23 years$2,204$1,721$1,329$1,017$772$607
24 years$2,090$1,612$1,229$928$694$539
25 years$1,985$1,513$1,139$847$624$479
26 years$1,888$1,422$1,056$775$562$426
27 years$1,799$1,338$981$709$507$379
28 years$1,716$1,261$912$650$457$337
29 years$1,639$1,190$848$596$413$300
30 years$1,567$1,124$790$547$373$268
31 years$1,500$1,062$737$502$337$239
32 years$1,438$1,005$687$461$305$213
33 years$1,379$952$642$424$276$190
34 years$1,324$902$600$390$250$170
35 years$1,272$856$561$359$227$152
36 years$1,223$812$524$331$205$135
37 years$1,177$771$491$305$186$121
38 years$1,133$733$460$281$169$108
39 years$1,092$697$431$259$153$97
40 years$1,053$663$404$239$139$86
41 years$1,016$631$378$221$126$77
42 years$980$601$355$204$114$69
43 years$947$573$333$188$104$62
44 years$915$546$313$173$94$55
45 years$884$521$294$160$85$49
46 years$855$497$276$148$78$44
47 years$828$474$259$137$70$40
48 years$801$453$243$126$64$35
49 years$776$432$229$117$58$32
50 years$752$413$215$108$53$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $770,000, adding $5,559 every year, while hoping to spend $35,013 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: 69/23/8 Blend
65$770,000$770,000$770,000$770,000
66$854,274$813,464$801,529$911,624
67$904,157$816,070$791,127$952,948
68$957,953$817,631$779,202$993,343
69$1,016,027$818,057$765,668$1,036,587
70$1,078,776$817,256$750,432$1,082,953
71$1,146,637$815,127$733,398$1,132,739
72$1,220,092$811,566$714,464$1,186,280
73$1,299,668$806,460$693,526$1,243,941
74$1,385,948$799,690$670,472$1,306,126
75$1,479,570$791,131$645,189$1,373,282
76$1,581,238$780,648$617,555$1,445,901
77$1,691,725$768,100$587,443$1,524,527
78$1,811,881$753,337$554,723$1,609,759
79$1,942,643$736,200$519,255$1,702,260
80$2,085,039$716,521$480,898$1,802,759
81$2,240,204$694,122$439,498$1,912,065
82$2,409,384$668,813$394,901$2,031,065
83$2,593,952$640,395$346,941$2,160,743
84$2,795,418$608,658$295,447$2,302,181
85$3,015,446$573,377$240,239$2,456,577
86$3,255,866$534,317$181,131$2,625,249
87$3,518,693$491,228$117,928$2,809,654
88$3,806,146$443,844$50,426$3,011,399
89$4,120,669$391,889$0$3,232,256
90$4,464,952$335,066$0$3,476,027
91$4,841,957$273,064$0$3,747,738
92$5,254,946$205,553$0$4,045,483
93$5,707,511$132,186$0$4,371,908
94$6,203,610$52,596$0$4,729,933
95$6,747,600$0$0$5,122,779
96$7,344,281$0$0$5,562,501
97$7,998,938$0$0$6,059,598
98$8,717,395$0$0$6,605,186
99$9,506,065$0$0$7,204,139
100$10,372,014$0$0$7,861,831