Can I retire at age 66 with 725,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$59,870$59,337$58,816$58,308$57,813$55,739
2 years$29,639$29,087$28,552$28,033$27,530$25,463
3 years$19,563$19,008$18,475$17,961$17,466$15,471
4 years$14,526$13,973$13,445$12,940$12,457$10,549
5 years$11,504$10,955$10,434$9,939$9,470$7,654
6 years$9,491$8,946$8,432$7,948$7,493$5,771
7 years$8,053$7,513$7,007$6,535$6,094$4,465
8 years$6,975$6,440$5,943$5,482$5,055$3,518
9 years$6,138$5,607$5,118$4,669$4,257$2,810
10 years$5,468$4,942$4,462$4,025$3,627$2,267
11 years$4,920$4,400$3,929$3,503$3,120$1,844
12 years$4,464$3,949$3,486$3,073$2,704$1,509
13 years$4,078$3,569$3,115$2,713$2,358$1,241
14 years$3,748$3,244$2,799$2,408$2,067$1,024
15 years$3,462$2,963$2,527$2,147$1,820$848
16 years$3,212$2,719$2,291$1,923$1,608$704
17 years$2,992$2,504$2,085$1,728$1,426$586
18 years$2,796$2,314$1,903$1,557$1,268$489
19 years$2,621$2,144$1,742$1,407$1,130$408
20 years$2,464$1,993$1,599$1,274$1,009$341
21 years$2,322$1,856$1,471$1,156$903$285
22 years$2,193$1,733$1,355$1,051$810$239
23 years$2,076$1,620$1,252$958$727$200
24 years$1,968$1,518$1,157$873$653$168
25 years$1,869$1,425$1,072$798$588$141
26 years$1,778$1,339$994$729$530$118
27 years$1,694$1,260$923$668$477$99
28 years$1,616$1,188$858$612$431$83
29 years$1,543$1,120$799$561$389$70
30 years$1,476$1,058$744$515$351$59
31 years$1,413$1,000$694$473$318$49
32 years$1,354$946$647$434$287$42
33 years$1,298$896$604$400$260$35
34 years$1,246$849$565$368$236$29
35 years$1,198$806$528$338$213$25
36 years$1,151$765$494$312$193$21
37 years$1,108$726$462$287$175$17
38 years$1,067$690$433$265$159$15
39 years$1,028$656$405$244$144$12
40 years$991$624$380$225$131$10
41 years$956$594$356$208$119$9
42 years$923$566$334$192$108$7
43 years$891$539$314$177$98$6
44 years$861$514$294$163$89$5
45 years$833$490$276$151$80$4
46 years$805$468$260$139$73$4
47 years$779$446$244$129$66$3
48 years$754$426$229$119$60$3
49 years$731$407$215$110$55$2
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $725,000, adding $2,245 every year, while hoping to spend $58,181 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: 49/44/7 Blend
65$725,000$725,000$725,000$725,000
66$801,266$762,841$751,603$838,968
67$821,091$738,316$714,878$840,441
68$840,988$710,639$674,972$835,668
69$860,903$679,595$631,718$829,112
70$880,775$644,955$584,940$820,623
71$900,534$606,477$534,456$810,039
72$920,100$563,907$480,072$797,184
73$939,385$516,973$421,589$781,872
74$958,289$465,391$358,799$763,903
75$976,698$408,859$291,482$743,059
76$994,485$347,057$219,411$719,109
77$1,011,509$279,649$142,348$691,805
78$1,027,610$206,279$60,044$660,877
79$1,042,611$126,572$0$626,037
80$1,056,313$40,129$0$589,053
81$1,068,494$0$0$552,434
82$1,078,908$0$0$537,243
83$1,087,278$0$0$540,335
84$1,093,300$0$0$542,113
85$1,096,631$0$0$542,392
86$1,096,895$0$0$540,967
87$1,093,671$0$0$537,609
88$1,086,492$0$0$532,064
89$1,074,840$0$0$524,052
90$1,058,143$0$0$513,261
91$1,035,762$0$0$499,345
92$1,006,994$0$0$481,923
93$971,057$0$0$460,570
94$927,088$0$0$434,818
95$874,128$0$0$404,149
96$811,120$0$0$367,988
97$736,891$0$0$325,701
98$650,147$0$0$276,586
99$549,455$0$0$219,868
100$433,232$0$0$154,690