Can I retire at age 66 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$59,540$59,009$58,492$57,987$57,494$56,634
2 years$29,475$28,926$28,394$27,878$27,378$26,514
3 years$19,455$18,903$18,373$17,862$17,370$16,528
4 years$14,446$13,896$13,371$12,868$12,388$11,576
5 years$11,441$10,895$10,376$9,884$9,417$8,636
6 years$9,439$8,896$8,386$7,904$7,452$6,702
7 years$8,009$7,471$6,968$6,499$6,060$5,343
8 years$6,937$6,404$5,910$5,452$5,027$4,343
9 years$6,104$5,576$5,090$4,644$4,234$3,581
10 years$5,438$4,915$4,438$4,003$3,607$2,986
11 years$4,893$4,375$3,907$3,484$3,103$2,512
12 years$4,439$3,927$3,467$3,056$2,689$2,128
13 years$4,056$3,549$3,098$2,698$2,345$1,814
14 years$3,727$3,226$2,783$2,395$2,055$1,553
15 years$3,443$2,947$2,513$2,136$1,810$1,335
16 years$3,194$2,704$2,278$1,912$1,599$1,151
17 years$2,975$2,490$2,073$1,718$1,418$995
18 years$2,781$2,301$1,893$1,548$1,261$863
19 years$2,607$2,133$1,733$1,399$1,124$749
20 years$2,450$1,982$1,590$1,267$1,004$652
21 years$2,309$1,846$1,463$1,150$898$568
22 years$2,181$1,723$1,348$1,046$805$496
23 years$2,064$1,611$1,245$952$723$433
24 years$1,957$1,510$1,151$869$650$379
25 years$1,859$1,417$1,066$793$585$331
26 years$1,768$1,332$989$725$527$290
27 years$1,685$1,253$918$664$475$254
28 years$1,607$1,181$854$608$428$223
29 years$1,535$1,114$794$558$387$196
30 years$1,468$1,052$740$512$350$172
31 years$1,405$995$690$470$316$151
32 years$1,346$941$644$432$286$132
33 years$1,291$891$601$397$259$116
34 years$1,240$845$561$366$234$102
35 years$1,191$801$525$337$212$90
36 years$1,145$760$491$310$192$79
37 years$1,102$722$460$286$174$69
38 years$1,061$686$430$263$158$61
39 years$1,022$653$403$243$143$54
40 years$986$621$378$224$130$47
41 years$951$591$354$207$118$42
42 years$918$563$332$191$107$37
43 years$887$536$312$176$97$32
44 years$857$511$293$162$88$28
45 years$828$488$275$150$80$25
46 years$801$465$258$139$73$22
47 years$775$444$243$128$66$19
48 years$750$424$228$118$60$17
49 years$727$405$214$109$54$15
50 years$704$387$201$101$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $721,000, adding $6,707 every year, while hoping to spend $40,567 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: 41/43/16 Blend
65$721,000$721,000$721,000$721,000
66$801,460$763,247$752,072$830,284
67$840,046$757,483$734,103$845,565
68$881,208$750,077$714,173$857,619
69$925,167$740,906$692,173$869,801
70$972,162$729,839$667,989$882,142
71$1,022,458$716,737$641,503$894,680
72$1,076,346$701,454$612,590$907,457
73$1,134,142$683,835$581,121$920,528
74$1,196,196$663,714$546,960$933,952
75$1,262,891$640,918$509,965$947,801
76$1,334,645$615,263$469,988$962,158
77$1,411,921$586,553$426,875$977,116
78$1,495,225$554,582$380,464$992,785
79$1,585,114$519,132$330,585$1,009,291
80$1,682,199$479,973$277,063$1,026,776
81$1,787,152$436,860$219,713$1,045,405
82$1,900,711$389,536$158,343$1,065,361
83$2,023,688$337,727$92,752$1,086,857
84$2,156,975$281,147$22,730$1,110,131
85$2,301,554$219,491$0$1,135,453
86$2,458,504$152,438$0$1,172,005
87$2,629,012$79,648$0$1,215,973
88$2,814,384$763$0$1,263,899
89$3,016,055$0$0$1,316,263
90$3,235,608$0$0$1,413,626
91$3,474,780$0$0$1,520,167
92$3,735,485$0$0$1,636,390
93$4,019,830$0$0$1,763,245
94$4,330,133$0$0$1,901,776
95$4,668,946$0$0$2,053,137
96$5,039,077$0$0$2,218,594
97$5,443,620$0$0$2,399,542
98$5,885,979$0$0$2,597,519
99$6,369,902$0$0$2,814,216
100$6,899,518$0$0$3,051,496