Can I retire at age 66 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$64,164$63,592$63,035$62,491$61,959$60,560
2 years$31,764$31,173$30,599$30,044$29,504$28,102
3 years$20,966$20,372$19,800$19,249$18,719$17,357
4 years$15,568$14,975$14,409$13,868$13,350$12,040
5 years$12,330$11,741$11,182$10,652$10,149$8,893
6 years$10,172$9,587$9,037$8,518$8,030$6,831
7 years$8,631$8,051$7,510$7,003$6,531$5,388
8 years$7,476$6,902$6,369$5,875$5,418$4,332
9 years$6,578$6,009$5,485$5,004$4,563$3,532
10 years$5,860$5,297$4,782$4,314$3,888$2,911
11 years$5,273$4,715$4,210$3,754$3,344$2,419
12 years$4,784$4,232$3,737$3,293$2,897$2,025
13 years$4,371$3,825$3,338$2,907$2,527$1,704
14 years$4,017$3,477$3,000$2,581$2,215$1,440
15 years$3,710$3,176$2,708$2,301$1,950$1,222
16 years$3,442$2,914$2,455$2,061$1,723$1,039
17 years$3,206$2,684$2,234$1,852$1,528$887
18 years$2,997$2,480$2,040$1,669$1,359$758
19 years$2,809$2,298$1,867$1,508$1,211$649
20 years$2,641$2,136$1,714$1,366$1,082$557
21 years$2,489$1,989$1,576$1,239$968$479
22 years$2,350$1,857$1,453$1,127$868$411
23 years$2,224$1,737$1,341$1,026$779$354
24 years$2,109$1,627$1,240$936$700$305
25 years$2,003$1,527$1,149$855$630$263
26 years$1,906$1,435$1,066$782$567$227
27 years$1,815$1,351$989$715$512$196
28 years$1,732$1,273$920$655$462$169
29 years$1,654$1,201$856$601$417$146
30 years$1,582$1,134$797$552$377$126
31 years$1,514$1,072$743$507$341$109
32 years$1,451$1,014$694$466$308$94
33 years$1,391$960$648$428$279$81
34 years$1,336$910$605$394$252$70
35 years$1,283$863$566$363$229$61
36 years$1,234$820$529$334$207$53
37 years$1,187$778$495$308$188$46
38 years$1,143$740$464$284$170$39
39 years$1,102$703$435$262$154$34
40 years$1,062$669$407$241$140$30
41 years$1,025$637$382$223$127$26
42 years$989$607$358$205$115$22
43 years$955$578$336$190$105$19
44 years$923$551$316$175$95$17
45 years$892$525$296$162$86$14
46 years$863$501$278$149$78$12
47 years$835$478$261$138$71$11
48 years$809$457$246$127$65$9
49 years$783$436$231$118$59$8
50 years$759$417$217$109$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $777,000, adding $5,848 every year, while hoping to spend $39,815 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: 35/38/27 Blend
65$777,000$777,000$777,000$777,000
66$862,286$821,105$809,062$885,275
67$907,877$818,977$793,802$900,819
68$956,783$815,409$776,698$913,572
69$1,009,301$810,290$757,643$926,558
70$1,065,756$803,501$736,531$939,825
71$1,126,505$794,914$713,246$953,428
72$1,191,940$784,396$687,671$967,433
73$1,262,490$771,805$659,681$981,913
74$1,338,630$756,989$629,146$996,956
75$1,420,878$739,789$595,930$1,012,659
76$1,509,805$720,036$559,891$1,029,136
77$1,606,038$697,551$520,881$1,046,516
78$1,710,268$672,145$478,744$1,064,947
79$1,823,252$643,616$433,319$1,084,597
80$1,945,824$611,754$384,435$1,105,654
81$2,078,901$576,334$331,917$1,128,334
82$2,223,493$537,118$275,580$1,152,881
83$2,380,708$493,855$215,231$1,179,568
84$2,551,767$446,281$150,668$1,208,704
85$2,738,013$394,114$81,681$1,240,637
86$2,940,924$337,060$8,051$1,275,759
87$3,162,127$274,804$0$1,314,507
88$3,403,411$207,017$0$1,377,692
89$3,666,746$133,348$0$1,449,343
90$3,954,302$53,430$0$1,527,826
91$4,268,465$0$0$1,613,908
92$4,611,864$0$0$1,722,290
93$4,987,392$0$0$1,865,351
94$5,398,234$0$0$2,021,977
95$5,847,900$0$0$2,193,519
96$6,340,252$0$0$2,381,466
97$6,879,543$0$0$2,587,455
98$7,470,459$0$0$2,813,293
99$8,118,158$0$0$3,060,966
100$8,828,322$0$0$3,332,665