Can I retire at age 66 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$65,816$65,229$64,657$64,099$63,554$62,194
2 years$32,582$31,975$31,387$30,817$30,264$28,901
3 years$21,506$20,896$20,309$19,745$19,201$17,877
4 years$15,968$15,361$14,780$14,225$13,694$12,419
5 years$12,647$12,043$11,470$10,926$10,410$9,188
6 years$10,433$9,834$9,269$8,738$8,237$7,069
7 years$8,853$8,259$7,703$7,184$6,699$5,585
8 years$7,668$7,079$6,533$6,026$5,557$4,498
9 years$6,747$6,164$5,627$5,133$4,680$3,674
10 years$6,011$5,433$4,905$4,425$3,988$3,033
11 years$5,409$4,837$4,319$3,851$3,430$2,526
12 years$4,907$4,341$3,833$3,378$2,972$2,118
13 years$4,483$3,923$3,424$2,982$2,592$1,786
14 years$4,120$3,566$3,077$2,647$2,272$1,513
15 years$3,806$3,258$2,778$2,361$2,000$1,286
16 years$3,531$2,989$2,519$2,114$1,768$1,097
17 years$3,289$2,753$2,292$1,899$1,568$937
18 years$3,074$2,544$2,092$1,712$1,394$803
19 years$2,882$2,357$1,915$1,547$1,242$690
20 years$2,709$2,191$1,758$1,401$1,110$593
21 years$2,553$2,040$1,617$1,271$993$510
22 years$2,411$1,905$1,490$1,156$890$440
23 years$2,282$1,781$1,376$1,053$799$380
24 years$2,163$1,669$1,272$960$718$328
25 years$2,055$1,566$1,178$877$646$283
26 years$1,955$1,472$1,093$802$582$245
27 years$1,862$1,385$1,015$734$525$212
28 years$1,776$1,305$944$672$474$183
29 years$1,697$1,232$878$617$428$159
30 years$1,622$1,163$818$566$386$137
31 years$1,553$1,099$762$520$349$119
32 years$1,488$1,040$711$478$316$103
33 years$1,427$985$664$439$286$89
34 years$1,370$934$621$404$259$78
35 years$1,316$886$580$372$234$67
36 years$1,266$841$543$343$212$58
37 years$1,218$798$508$316$193$51
38 years$1,173$759$476$291$175$44
39 years$1,130$721$446$268$158$38
40 years$1,090$686$418$247$144$33
41 years$1,051$653$392$228$130$29
42 years$1,015$622$367$211$118$25
43 years$980$593$345$194$107$22
44 years$947$565$324$180$97$19
45 years$915$539$304$166$88$16
46 years$885$514$285$153$80$14
47 years$857$491$268$142$73$12
48 years$829$468$252$131$66$11
49 years$803$447$237$121$60$9
50 years$778$427$223$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $797,000, adding $4,401 every year, while hoping to spend $50,910 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: 60/28/12 Blend
65$797,000$797,000$797,000$797,000
66$882,834$840,593$828,239$932,988
67$918,715$827,614$801,817$954,258
68$956,550$812,293$772,804$971,311
69$996,483$794,461$741,059$988,680
70$1,038,675$773,940$706,435$1,006,399
71$1,083,298$750,541$668,778$1,024,508
72$1,130,540$724,063$627,928$1,043,054
73$1,180,609$694,296$583,717$1,062,090
74$1,233,729$661,015$535,970$1,081,679
75$1,290,148$623,983$484,503$1,101,890
76$1,350,134$582,949$429,126$1,122,806
77$1,413,984$537,650$369,637$1,144,518
78$1,482,019$487,803$305,829$1,167,132
79$1,554,594$433,115$237,483$1,190,769
80$1,632,096$373,271$164,373$1,215,564
81$1,714,950$307,941$86,259$1,241,672
82$1,803,621$236,776$2,894$1,269,268
83$1,898,619$159,407$0$1,298,548
84$2,000,504$75,444$0$1,340,756
85$2,109,891$0$0$1,386,233
86$2,227,454$0$0$1,439,710
87$2,353,931$0$0$1,522,295
88$2,490,137$0$0$1,611,279
89$2,636,963$0$0$1,707,252
90$2,795,390$0$0$1,810,860
91$2,966,494$0$0$1,922,814
92$3,151,459$0$0$2,043,896
93$3,351,585$0$0$2,174,964
94$3,568,302$0$0$2,316,963
95$3,803,183$0$0$2,470,930
96$4,057,955$0$0$2,638,008
97$4,334,520$0$0$2,819,451
98$4,634,968$0$0$3,016,642
99$4,961,598$0$0$3,231,098
100$5,316,942$0$0$3,464,492