Can I retire at age 66 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$64,081$63,511$62,954$62,410$61,879$60,630
2 years$31,723$31,133$30,560$30,005$29,466$28,213
3 years$20,939$20,346$19,774$19,224$18,695$17,477
4 years$15,548$14,956$14,391$13,850$13,333$12,160
5 years$12,314$11,726$11,168$10,638$10,136$9,010
6 years$10,159$9,575$9,025$8,507$8,020$6,944
7 years$8,620$8,041$7,500$6,994$6,522$5,495
8 years$7,466$6,893$6,361$5,867$5,411$4,433
9 years$6,569$6,001$5,478$4,998$4,557$3,627
10 years$5,852$5,290$4,776$4,308$3,883$3,001
11 years$5,266$4,709$4,205$3,749$3,339$2,504
12 years$4,778$4,227$3,732$3,289$2,894$2,103
13 years$4,365$3,820$3,334$2,903$2,523$1,777
14 years$4,012$3,472$2,996$2,577$2,212$1,508
15 years$3,706$3,172$2,705$2,299$1,948$1,285
16 years$3,438$2,910$2,452$2,058$1,721$1,098
17 years$3,202$2,680$2,231$1,849$1,526$941
18 years$2,993$2,476$2,037$1,666$1,357$808
19 years$2,806$2,295$1,865$1,506$1,210$695
20 years$2,637$2,133$1,711$1,364$1,080$599
21 years$2,485$1,987$1,574$1,238$967$517
22 years$2,347$1,854$1,451$1,125$867$446
23 years$2,222$1,734$1,340$1,025$778$386
24 years$2,106$1,625$1,239$935$699$334
25 years$2,001$1,525$1,147$854$629$289
26 years$1,903$1,433$1,064$781$567$251
27 years$1,813$1,349$988$714$511$218
28 years$1,730$1,271$919$655$461$189
29 years$1,652$1,199$855$600$416$164
30 years$1,580$1,132$796$551$376$142
31 years$1,512$1,070$742$506$340$124
32 years$1,449$1,013$693$465$308$107
33 years$1,390$959$647$428$278$93
34 years$1,334$909$604$393$252$81
35 years$1,282$862$565$362$228$70
36 years$1,232$818$528$334$207$61
37 years$1,186$777$495$307$187$53
38 years$1,142$739$463$283$170$46
39 years$1,100$702$434$261$154$40
40 years$1,061$668$407$241$140$35
41 years$1,023$636$381$222$127$30
42 years$988$606$358$205$115$27
43 years$954$577$336$189$104$23
44 years$922$550$315$175$95$20
45 years$891$525$296$161$86$17
46 years$862$501$278$149$78$15
47 years$834$478$261$138$71$13
48 years$808$456$245$127$64$12
49 years$782$435$231$118$59$10
50 years$758$416$217$109$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $776,000, adding $3,459 every year, while hoping to spend $40,064 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: 44/37/19 Blend
65$776,000$776,000$776,000$776,000
66$858,720$817,592$805,564$891,645
67$903,682$815,026$789,923$912,584
68$951,887$810,992$772,414$931,047
69$1,003,623$805,375$752,935$950,224
70$1,059,209$798,054$731,374$970,200
71$1,118,990$788,901$707,617$991,071
72$1,183,349$777,778$681,544$1,012,946
73$1,252,704$764,543$653,029$1,035,948
74$1,327,516$749,042$621,942$1,060,214
75$1,408,291$731,114$588,145$1,085,900
76$1,495,584$710,585$551,495$1,113,182
77$1,590,005$687,276$511,842$1,142,255
78$1,692,227$660,994$469,030$1,173,339
79$1,802,986$631,535$422,895$1,206,682
80$1,923,095$598,684$373,266$1,242,560
81$2,053,445$562,214$319,965$1,281,282
82$2,195,018$521,884$262,805$1,323,194
83$2,348,894$477,440$201,593$1,368,683
84$2,516,259$428,612$136,124$1,418,181
85$2,698,420$375,117$66,187$1,472,169
86$2,896,815$316,654$0$1,531,185
87$3,113,026$252,906$0$1,597,539
88$3,348,794$183,537$0$1,684,617
89$3,606,034$108,194$0$1,779,777
90$3,886,857$26,503$0$1,883,898
91$4,193,583$0$0$1,997,951
92$4,528,768$0$0$2,148,230
93$4,895,227$0$0$2,324,416
94$5,296,057$0$0$2,517,221
95$5,734,669$0$0$2,728,298
96$6,214,820$0$0$2,959,465
97$6,740,645$0$0$3,212,727
98$7,316,701$0$0$3,490,291
99$7,948,001$0$0$3,794,587
100$8,640,072$0$0$4,128,292