Can I retire at age 66 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$59,952$59,418$58,897$58,389$57,892$56,539
2 years$29,679$29,127$28,591$28,072$27,568$26,212
3 years$19,590$19,035$18,500$17,986$17,490$16,174
4 years$14,546$13,992$13,463$12,958$12,474$11,208
5 years$11,520$10,970$10,448$9,953$9,483$8,270
6 years$9,504$8,958$8,444$7,959$7,503$6,346
7 years$8,064$7,523$7,017$6,544$6,102$5,000
8 years$6,985$6,449$5,951$5,489$5,062$4,014
9 years$6,146$5,615$5,125$4,676$4,263$3,269
10 years$5,475$4,949$4,468$4,031$3,632$2,691
11 years$4,927$4,406$3,934$3,508$3,124$2,234
12 years$4,470$3,954$3,491$3,077$2,707$1,867
13 years$4,084$3,574$3,119$2,716$2,361$1,569
14 years$3,753$3,248$2,803$2,411$2,069$1,324
15 years$3,467$2,967$2,530$2,150$1,822$1,122
16 years$3,216$2,723$2,294$1,925$1,610$953
17 years$2,996$2,507$2,088$1,730$1,428$812
18 years$2,800$2,317$1,906$1,559$1,270$693
19 years$2,625$2,147$1,745$1,409$1,132$593
20 years$2,467$1,995$1,601$1,276$1,011$508
21 years$2,325$1,859$1,473$1,158$905$436
22 years$2,196$1,735$1,357$1,053$811$374
23 years$2,078$1,623$1,253$959$728$321
24 years$1,971$1,520$1,159$875$654$276
25 years$1,872$1,427$1,074$799$589$238
26 years$1,781$1,341$996$730$530$205
27 years$1,696$1,262$925$668$478$177
28 years$1,618$1,189$859$612$431$152
29 years$1,545$1,122$800$562$390$131
30 years$1,478$1,059$745$515$352$113
31 years$1,415$1,002$695$473$318$98
32 years$1,356$948$648$435$288$84
33 years$1,300$897$605$400$260$73
34 years$1,248$851$565$368$236$63
35 years$1,199$807$529$339$214$54
36 years$1,153$766$494$312$194$47
37 years$1,110$727$463$288$175$40
38 years$1,068$691$433$265$159$35
39 years$1,029$657$406$244$144$30
40 years$993$625$381$225$131$26
41 years$958$595$357$208$119$23
42 years$924$567$335$192$108$19
43 years$893$540$314$177$98$17
44 years$863$515$295$164$89$15
45 years$834$491$277$151$81$13
46 years$807$468$260$140$73$11
47 years$780$447$244$129$66$9
48 years$756$427$230$119$60$8
49 years$732$407$216$110$55$7
50 years$709$389$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $726,000, adding $5,658 every year, while hoping to spend $28,643 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: 64/21/15 Blend
65$726,000$726,000$726,000$726,000
66$805,888$767,410$756,157$854,183
67$857,613$774,537$751,013$894,362
68$913,653$781,054$744,736$934,426
69$974,420$786,899$737,258$977,492
70$1,040,363$792,010$728,509$1,023,852
71$1,111,979$796,317$718,412$1,073,830
72$1,189,813$799,749$706,891$1,127,782
73$1,274,465$802,227$693,863$1,186,102
74$1,366,595$803,671$679,242$1,249,224
75$1,466,930$803,993$662,939$1,317,628
76$1,576,268$803,100$644,859$1,391,842
77$1,695,490$800,895$624,904$1,472,449
78$1,825,563$797,272$602,972$1,560,095
79$1,967,554$792,121$578,955$1,655,489
80$2,122,635$785,326$552,740$1,759,416
81$2,292,097$776,760$524,210$1,872,740
82$2,477,363$766,293$493,243$1,996,417
83$2,679,997$753,785$459,710$2,131,500
84$2,901,723$739,086$423,476$2,279,151
85$3,144,438$722,041$384,402$2,440,652
86$3,410,233$702,483$342,342$2,617,419
87$3,701,408$680,237$297,142$2,811,010
88$4,020,498$655,115$248,643$3,023,149
89$4,370,294$626,920$196,677$3,255,735
90$4,753,870$595,445$141,072$3,510,863
91$5,174,612$560,469$81,645$3,790,843
92$5,636,248$521,758$18,206$4,098,227
93$6,142,887$479,065$0$4,435,825
94$6,699,053$432,131$0$4,814,662
95$7,309,730$380,679$0$5,233,860
96$7,980,408$324,418$0$5,694,312
97$8,717,135$263,040$0$6,200,215
98$9,526,575$196,221$0$6,756,196
99$10,416,066$123,617$0$7,367,355
100$11,393,696$44,865$0$8,039,317