Can I retire at age 66 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$63,916$63,347$62,791$62,249$61,720$60,823
2 years$31,642$31,052$30,481$29,928$29,390$28,488
3 years$20,885$20,293$19,723$19,175$18,646$17,768
4 years$15,508$14,918$14,354$13,814$13,299$12,450
5 years$12,282$11,696$11,139$10,611$10,110$9,293
6 years$10,132$9,550$9,002$8,486$7,999$7,216
7 years$8,597$8,020$7,481$6,976$6,506$5,756
8 years$7,447$6,875$6,344$5,852$5,397$4,681
9 years$6,552$5,986$5,464$4,985$4,545$3,863
10 years$5,837$5,276$4,764$4,297$3,873$3,223
11 years$5,253$4,697$4,194$3,740$3,331$2,713
12 years$4,766$4,216$3,722$3,280$2,886$2,300
13 years$4,354$3,810$3,325$2,896$2,517$1,961
14 years$4,001$3,463$2,988$2,571$2,206$1,680
15 years$3,696$3,164$2,698$2,293$1,943$1,445
16 years$3,429$2,903$2,446$2,053$1,717$1,247
17 years$3,194$2,673$2,226$1,844$1,522$1,079
18 years$2,985$2,470$2,032$1,662$1,354$936
19 years$2,798$2,289$1,860$1,502$1,206$814
20 years$2,631$2,127$1,707$1,360$1,078$709
21 years$2,479$1,981$1,570$1,235$964$618
22 years$2,341$1,850$1,447$1,122$864$540
23 years$2,216$1,730$1,336$1,022$776$472
24 years$2,101$1,621$1,236$932$697$413
25 years$1,995$1,521$1,144$851$628$362
26 years$1,898$1,430$1,061$779$565$317
27 years$1,808$1,345$986$713$510$278
28 years$1,725$1,268$916$653$460$244
29 years$1,648$1,196$853$599$415$214
30 years$1,576$1,129$794$550$375$188
31 years$1,508$1,068$740$505$339$165
32 years$1,445$1,010$691$464$307$145
33 years$1,386$957$645$427$278$128
34 years$1,331$907$603$392$251$112
35 years$1,278$860$563$361$228$99
36 years$1,229$816$527$333$206$87
37 years$1,183$775$493$307$187$76
38 years$1,139$737$462$283$170$67
39 years$1,098$701$433$261$154$59
40 years$1,058$667$406$240$139$52
41 years$1,021$635$380$222$127$46
42 years$985$604$357$205$115$40
43 years$952$576$335$189$104$36
44 years$920$549$314$174$95$31
45 years$889$523$295$161$86$28
46 years$860$499$277$149$78$24
47 years$832$476$260$137$71$21
48 years$805$455$245$127$64$19
49 years$780$434$230$117$58$17
50 years$756$415$216$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $774,000, adding $2,708 every year, while hoping to spend $49,113 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: 53/32/15 Blend
65$774,000$774,000$774,000$774,000
66$855,741$814,719$802,722$897,522
67$890,771$802,385$777,358$914,025
68$927,728$787,800$749,497$926,518
69$966,756$770,802$719,006$939,007
70$1,008,014$751,220$685,741$951,505
71$1,051,674$728,872$649,556$964,029
72$1,097,923$703,566$610,294$976,599
73$1,146,968$675,097$567,796$989,243
74$1,199,033$643,250$521,891$1,001,994
75$1,254,363$607,798$472,403$1,014,890
76$1,313,227$568,500$419,148$1,027,980
77$1,375,919$525,099$361,932$1,041,321
78$1,442,761$477,327$300,555$1,054,977
79$1,514,106$424,900$234,807$1,069,028
80$1,590,340$367,515$164,468$1,083,565
81$1,671,886$304,854$89,309$1,098,691
82$1,759,208$236,583$9,091$1,114,530
83$1,852,817$162,345$0$1,131,220
84$1,953,270$81,765$0$1,161,168
85$2,061,180$0$0$1,194,660
86$2,177,221$0$0$1,232,446
87$2,302,130$0$0$1,304,166
88$2,436,720$0$0$1,381,502
89$2,581,880$0$0$1,464,971
90$2,738,590$0$0$1,555,144
91$2,907,925$0$0$1,652,649
92$3,091,067$0$0$1,758,174
93$3,289,316$0$0$1,872,476
94$3,504,099$0$0$1,996,389
95$3,736,988$0$0$2,130,828
96$3,989,708$0$0$2,276,800
97$4,264,159$0$0$2,435,413
98$4,562,431$0$0$2,607,886
99$4,886,821$0$0$2,795,559
100$5,239,859$0$0$2,999,906