Can I retire at age 66 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$65,072$64,493$63,927$63,375$62,836$61,392
2 years$32,214$31,614$31,033$30,469$29,922$28,475
3 years$21,263$20,660$20,080$19,522$18,984$17,579
4 years$15,788$15,187$14,613$14,064$13,539$12,188
5 years$12,504$11,907$11,340$10,803$10,292$8,998
6 years$10,316$9,723$9,165$8,639$8,144$6,908
7 years$8,753$8,165$7,616$7,103$6,623$5,446
8 years$7,582$6,999$6,459$5,958$5,495$4,375
9 years$6,671$6,094$5,563$5,075$4,627$3,565
10 years$5,943$5,372$4,850$4,375$3,943$2,936
11 years$5,348$4,782$4,270$3,807$3,391$2,439
12 years$4,852$4,292$3,789$3,340$2,938$2,040
13 years$4,433$3,879$3,386$2,948$2,562$1,715
14 years$4,074$3,526$3,042$2,617$2,246$1,449
15 years$3,763$3,221$2,746$2,334$1,978$1,228
16 years$3,491$2,955$2,490$2,090$1,748$1,044
17 years$3,252$2,721$2,266$1,878$1,550$890
18 years$3,039$2,515$2,068$1,692$1,378$761
19 years$2,849$2,331$1,894$1,529$1,228$651
20 years$2,678$2,166$1,738$1,385$1,097$558
21 years$2,524$2,017$1,598$1,257$982$479
22 years$2,384$1,883$1,473$1,143$880$412
23 years$2,256$1,761$1,360$1,041$790$354
24 years$2,139$1,650$1,258$949$710$305
25 years$2,032$1,549$1,165$867$639$262
26 years$1,933$1,455$1,081$793$576$226
27 years$1,841$1,370$1,003$726$519$195
28 years$1,756$1,291$933$665$468$168
29 years$1,677$1,218$868$610$423$145
30 years$1,604$1,150$809$559$382$125
31 years$1,535$1,087$754$514$345$108
32 years$1,471$1,029$703$472$312$93
33 years$1,411$974$657$434$283$81
34 years$1,355$923$614$400$256$70
35 years$1,302$876$574$368$232$60
36 years$1,252$831$537$339$210$52
37 years$1,204$789$502$312$190$45
38 years$1,160$750$470$288$173$39
39 years$1,117$713$441$265$157$34
40 years$1,077$679$413$245$142$29
41 years$1,039$646$387$226$129$25
42 years$1,003$615$363$208$117$22
43 years$969$586$341$192$106$19
44 years$936$559$320$178$96$16
45 years$905$533$300$164$87$14
46 years$875$508$282$151$79$12
47 years$847$485$265$140$72$11
48 years$820$463$249$129$65$9
49 years$794$442$234$119$59$8
50 years$769$422$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $788,000, adding $2,569 every year, while hoping to spend $55,024 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: 33/38/29 Blend
65$788,000$788,000$788,000$788,000
66$871,026$829,262$817,048$892,035
67$901,325$811,351$785,874$890,364
68$932,871$790,718$751,811$883,517
69$965,733$767,171$714,706$875,078
70$999,984$740,509$674,394$864,945
71$1,035,704$710,516$630,709$853,012
72$1,072,981$676,966$583,472$839,166
73$1,111,906$639,618$532,500$823,290
74$1,152,580$598,219$477,598$805,262
75$1,195,111$552,500$418,566$784,954
76$1,239,618$502,178$355,193$762,232
77$1,286,225$446,951$287,259$736,957
78$1,335,073$386,504$214,534$708,985
79$1,386,308$320,501$136,779$678,164
80$1,440,094$248,588$53,744$644,336
81$1,496,606$170,391$0$607,340
82$1,556,036$85,516$0$577,795
83$1,618,591$0$0$563,185
84$1,684,497$0$0$549,466
85$1,754,001$0$0$572,753
86$1,827,372$0$0$597,385
87$1,904,902$0$0$623,464
88$1,986,912$0$0$651,105
89$2,073,749$0$0$680,433
90$2,165,794$0$0$711,585
91$2,263,465$0$0$744,709
92$2,367,216$0$0$779,969
93$2,477,546$0$0$817,543
94$2,594,999$0$0$857,628
95$2,720,171$0$0$900,437
96$2,853,716$0$0$946,205
97$2,996,349$0$0$995,190
98$3,148,855$0$0$1,047,675
99$3,312,093$0$0$1,103,969
100$3,487,006$0$0$1,164,412