Can I retire at age 66 with 772,000?

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 $772,000?

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$63,751$63,183$62,629$62,088$61,560$59,975
2 years$31,560$30,972$30,403$29,850$29,314$27,728
3 years$20,831$20,241$19,672$19,125$18,598$17,060
4 years$15,468$14,879$14,316$13,779$13,264$11,786
5 years$12,250$11,665$11,110$10,583$10,083$8,669
6 years$10,106$9,526$8,979$8,464$7,979$6,630
7 years$8,575$8,000$7,461$6,958$6,489$5,206
8 years$7,428$6,857$6,328$5,837$5,383$4,166
9 years$6,535$5,970$5,450$4,972$4,533$3,380
10 years$5,822$5,263$4,752$4,286$3,863$2,772
11 years$5,239$4,685$4,183$3,730$3,322$2,292
12 years$4,753$4,205$3,712$3,272$2,879$1,908
13 years$4,343$3,800$3,317$2,888$2,510$1,597
14 years$3,991$3,454$2,980$2,564$2,201$1,343
15 years$3,686$3,155$2,691$2,287$1,938$1,133
16 years$3,420$2,895$2,440$2,047$1,712$958
17 years$3,186$2,666$2,220$1,840$1,518$813
18 years$2,977$2,464$2,026$1,658$1,350$691
19 years$2,791$2,283$1,855$1,498$1,203$588
20 years$2,624$2,122$1,703$1,357$1,075$502
21 years$2,473$1,976$1,566$1,231$962$428
22 years$2,335$1,845$1,443$1,120$862$366
23 years$2,210$1,725$1,333$1,020$774$313
24 years$2,096$1,617$1,232$930$696$268
25 years$1,990$1,517$1,142$849$626$229
26 years$1,893$1,426$1,059$777$564$197
27 years$1,804$1,342$983$711$508$169
28 years$1,721$1,264$914$651$459$145
29 years$1,643$1,193$850$597$414$124
30 years$1,571$1,127$792$548$374$107
31 years$1,504$1,065$739$503$338$91
32 years$1,441$1,008$689$463$306$79
33 years$1,383$954$643$425$277$67
34 years$1,327$904$601$391$251$58
35 years$1,275$858$562$360$227$50
36 years$1,226$814$526$332$206$43
37 years$1,180$773$492$306$187$37
38 years$1,136$735$461$282$169$32
39 years$1,095$699$432$260$153$27
40 years$1,055$665$405$240$139$23
41 years$1,018$633$379$221$126$20
42 years$983$603$356$204$115$17
43 years$949$574$334$188$104$15
44 years$917$547$314$174$94$13
45 years$887$522$294$161$86$11
46 years$858$498$276$148$78$9
47 years$830$475$260$137$71$8
48 years$803$454$244$127$64$7
49 years$778$433$229$117$58$6
50 years$754$414$216$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $772,000, adding $4,691 every year, while hoping to spend $53,677 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: 56/21/23 Blend
65$772,000$772,000$772,000$772,000
66$855,583$814,667$802,701$897,903
67$885,740$797,474$772,479$910,196
68$917,175$777,639$739,446$917,508
69$949,960$754,976$703,451$924,331
70$984,175$729,290$664,336$930,634
71$1,019,906$700,369$621,936$936,383
72$1,057,244$667,996$576,079$941,546
73$1,096,291$631,935$526,585$946,091
74$1,137,153$591,940$473,266$949,986
75$1,179,947$547,750$415,926$953,199
76$1,224,802$499,090$354,359$955,698
77$1,271,853$445,666$288,351$957,454
78$1,321,250$387,172$217,679$958,437
79$1,373,155$323,281$142,109$958,621
80$1,427,744$253,649$61,397$957,980
81$1,485,209$177,913$0$956,493
82$1,545,758$95,689$0$960,211
83$1,609,618$6,570$0$979,523
84$1,677,038$0$0$999,404
85$1,748,286$0$0$1,040,687
86$1,823,657$0$0$1,085,996
87$1,903,474$0$0$1,134,011
88$1,988,086$0$0$1,184,946
89$2,077,878$0$0$1,239,038
90$2,173,270$0$0$1,296,543
91$2,274,720$0$0$1,357,744
92$2,382,731$0$0$1,422,950
93$2,497,853$0$0$1,492,499
94$2,620,689$0$0$1,566,760
95$2,751,897$0$0$1,646,140
96$2,892,201$0$0$1,731,083
97$3,042,393$0$0$1,822,076
98$3,203,344$0$0$1,919,656
99$3,376,007$0$0$2,024,408
100$3,561,428$0$0$2,136,976