Can I retire at age 66 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$64,577$64,002$63,440$62,893$62,358$61,300
2 years$31,969$31,373$30,796$30,237$29,694$28,631
3 years$21,101$20,503$19,927$19,373$18,839$17,805
4 years$15,668$15,072$14,502$13,957$13,436$12,438
5 years$12,409$11,816$11,254$10,720$10,214$9,255
6 years$10,237$9,649$9,095$8,573$8,082$7,164
7 years$8,686$8,103$7,558$7,049$6,573$5,695
8 years$7,524$6,946$6,410$5,913$5,453$4,615
9 years$6,620$6,048$5,521$5,036$4,592$3,795
10 years$5,898$5,331$4,813$4,341$3,913$3,155
11 years$5,307$4,746$4,237$3,778$3,365$2,645
12 years$4,815$4,259$3,761$3,314$2,916$2,234
13 years$4,399$3,849$3,360$2,926$2,543$1,897
14 years$4,043$3,499$3,019$2,597$2,229$1,619
15 years$3,734$3,196$2,726$2,316$1,963$1,387
16 years$3,465$2,933$2,471$2,074$1,735$1,192
17 years$3,227$2,701$2,249$1,863$1,538$1,027
18 years$3,016$2,496$2,053$1,679$1,368$887
19 years$2,827$2,313$1,879$1,517$1,219$768
20 years$2,658$2,149$1,725$1,374$1,089$666
21 years$2,505$2,002$1,586$1,247$974$578
22 years$2,366$1,869$1,462$1,134$873$502
23 years$2,239$1,748$1,350$1,033$784$437
24 years$2,123$1,638$1,248$942$705$381
25 years$2,016$1,537$1,156$860$634$332
26 years$1,918$1,444$1,072$787$571$289
27 years$1,827$1,359$996$720$515$253
28 years$1,743$1,281$926$660$465$221
29 years$1,665$1,208$861$605$420$193
30 years$1,592$1,141$802$555$379$168
31 years$1,524$1,079$748$510$343$147
32 years$1,460$1,021$698$469$310$129
33 years$1,400$967$652$431$281$113
34 years$1,344$916$609$396$254$99
35 years$1,292$869$569$365$230$86
36 years$1,242$825$533$336$208$76
37 years$1,195$783$498$310$189$66
38 years$1,151$744$467$285$171$58
39 years$1,109$708$437$263$155$51
40 years$1,069$674$410$243$141$44
41 years$1,031$641$384$224$128$39
42 years$996$611$361$207$116$34
43 years$962$582$338$191$105$30
44 years$929$555$318$176$96$26
45 years$898$529$298$163$87$23
46 years$869$504$280$150$79$20
47 years$841$481$263$139$72$18
48 years$814$460$247$128$65$15
49 years$788$439$232$119$59$14
50 years$764$419$219$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $782,000, adding $2,136 every year, while hoping to spend $32,473 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: 53/41/6 Blend
65$782,000$782,000$782,000$782,000
66$863,967$822,521$810,400$908,452
67$917,541$828,274$802,998$944,557
68$975,491$833,220$794,259$980,071
69$1,038,229$837,286$784,104$1,017,918
70$1,106,208$840,393$772,452$1,058,324
71$1,179,927$842,457$759,214$1,101,538
72$1,259,933$843,391$744,302$1,147,837
73$1,346,828$843,100$727,618$1,197,527
74$1,441,276$841,483$709,065$1,250,944
75$1,544,006$838,435$688,538$1,308,463
76$1,655,819$833,843$665,928$1,370,498
77$1,777,598$827,587$641,122$1,437,505
78$1,910,315$819,540$614,002$1,509,990
79$2,055,037$809,568$584,441$1,588,511
80$2,212,943$797,529$552,312$1,673,687
81$2,385,326$783,270$517,477$1,766,201
82$2,573,612$766,633$479,795$1,866,807
83$2,779,370$747,448$439,118$1,976,340
84$3,004,327$725,535$395,290$2,095,723
85$3,250,387$700,704$348,151$2,225,974
86$3,519,642$672,755$297,530$2,368,221
87$3,814,400$641,474$243,251$2,523,707
88$4,137,199$606,636$185,130$2,693,808
89$4,490,836$568,005$122,975$2,880,043
90$4,878,391$525,326$56,584$3,084,090
91$5,303,255$478,336$0$3,307,802
92$5,769,165$426,752$0$3,554,142
93$6,280,234$370,277$0$3,828,381
94$6,840,995$308,597$0$4,129,405
95$7,456,438$241,380$0$4,459,988
96$8,132,063$168,277$0$4,823,189
97$8,873,927$88,915$0$5,222,387
98$9,688,701$2,906$0$5,661,311
99$10,583,736$0$0$6,144,077
100$11,567,128$0$0$6,715,904