Can I retire at age 66 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$64,825$64,247$63,684$63,134$62,597$61,636
2 years$32,091$31,494$30,914$30,353$29,808$28,842
3 years$21,182$20,581$20,004$19,447$18,911$17,971
4 years$15,728$15,130$14,558$14,011$13,488$12,580
5 years$12,457$11,862$11,297$10,762$10,253$9,380
6 years$10,276$9,686$9,130$8,606$8,113$7,276
7 years$8,720$8,134$7,587$7,076$6,598$5,797
8 years$7,553$6,973$6,434$5,936$5,474$4,709
9 years$6,646$6,071$5,542$5,056$4,610$3,881
10 years$5,920$5,351$4,832$4,358$3,928$3,234
11 years$5,327$4,764$4,254$3,793$3,378$2,719
12 years$4,833$4,276$3,775$3,327$2,927$2,302
13 years$4,416$3,864$3,373$2,937$2,553$1,960
14 years$4,058$3,512$3,030$2,607$2,238$1,677
15 years$3,749$3,209$2,736$2,325$1,970$1,441
16 years$3,478$2,944$2,481$2,082$1,741$1,242
17 years$3,239$2,711$2,257$1,871$1,544$1,073
18 years$3,027$2,505$2,061$1,686$1,373$929
19 years$2,838$2,322$1,886$1,523$1,224$807
20 years$2,668$2,158$1,731$1,380$1,093$701
21 years$2,514$2,010$1,592$1,252$978$611
22 years$2,375$1,876$1,468$1,138$877$533
23 years$2,247$1,755$1,355$1,037$787$465
24 years$2,131$1,644$1,253$946$707$406
25 years$2,024$1,543$1,161$864$636$355
26 years$1,925$1,450$1,077$790$573$311
27 years$1,834$1,365$1,000$723$517$272
28 years$1,750$1,286$929$662$466$238
29 years$1,671$1,213$865$607$421$209
30 years$1,598$1,146$806$557$381$183
31 years$1,530$1,083$751$512$344$161
32 years$1,466$1,025$701$470$311$141
33 years$1,406$970$654$433$282$124
34 years$1,350$920$611$398$255$109
35 years$1,297$872$571$366$231$95
36 years$1,247$828$535$337$209$84
37 years$1,200$786$500$311$190$74
38 years$1,155$747$469$287$172$65
39 years$1,113$711$439$264$156$57
40 years$1,073$676$411$244$141$50
41 years$1,035$644$386$225$128$44
42 years$999$613$362$208$116$39
43 years$965$584$340$192$106$34
44 years$933$557$319$177$96$30
45 years$902$531$299$163$87$26
46 years$872$506$281$151$79$23
47 years$844$483$264$139$72$20
48 years$817$461$248$129$65$18
49 years$791$441$233$119$59$16
50 years$766$421$219$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $785,000, adding $3,067 every year, while hoping to spend $48,806 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: 40/50/10 Blend
65$785,000$785,000$785,000$785,000
66$868,234$826,629$814,461$900,241
67$904,864$815,204$789,816$911,631
68$943,595$801,584$762,710$918,871
69$984,590$785,610$733,009$925,609
70$1,028,025$767,112$700,572$931,820
71$1,074,096$745,912$665,253$937,482
72$1,123,014$721,822$626,899$942,573
73$1,175,011$694,641$585,350$947,074
74$1,230,342$664,159$540,439$950,970
75$1,289,284$630,150$491,991$954,246
76$1,352,142$592,378$439,824$956,895
77$1,419,249$550,593$383,746$958,912
78$1,490,971$504,530$323,560$960,300
79$1,567,707$453,909$259,056$961,066
80$1,649,897$398,434$190,018$961,227
81$1,738,022$337,793$116,220$960,807
82$1,832,611$271,656$37,424$959,842
83$1,934,243$199,673$0$958,380
84$2,043,554$121,476$0$961,460
85$2,161,245$36,676$0$968,764
86$2,288,081$0$0$976,417
87$2,424,905$0$0$1,014,902
88$2,572,644$0$0$1,078,324
89$2,732,315$0$0$1,146,953
90$2,905,036$0$0$1,221,278
91$3,092,036$0$0$1,301,841
92$3,294,667$0$0$1,389,236
93$3,514,414$0$0$1,484,114
94$3,752,912$0$0$1,587,195
95$4,011,958$0$0$1,699,269
96$4,293,528$0$0$1,821,205
97$4,599,797$0$0$1,953,960
98$4,933,158$0$0$2,098,587
99$5,296,244$0$0$2,256,242
100$5,691,952$0$0$2,428,203