Can I retire at age 66 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$60,200$59,664$59,141$58,630$58,131$55,913
2 years$29,802$29,247$28,709$28,188$27,682$25,473
3 years$19,671$19,113$18,577$18,060$17,562$15,433
4 years$14,606$14,050$13,519$13,011$12,526$10,491
5 years$11,568$11,016$10,491$9,994$9,522$7,588
6 years$9,543$8,995$8,479$7,992$7,534$5,702
7 years$8,098$7,554$7,046$6,571$6,127$4,396
8 years$7,014$6,475$5,975$5,512$5,083$3,452
9 years$6,171$5,638$5,147$4,695$4,281$2,747
10 years$5,498$4,969$4,487$4,047$3,647$2,208
11 years$4,947$4,424$3,950$3,522$3,137$1,788
12 years$4,488$3,971$3,506$3,090$2,718$1,458
13 years$4,101$3,588$3,132$2,728$2,371$1,194
14 years$3,769$3,262$2,814$2,421$2,078$981
15 years$3,481$2,980$2,541$2,159$1,830$809
16 years$3,230$2,734$2,304$1,933$1,617$669
17 years$3,008$2,518$2,096$1,737$1,434$554
18 years$2,811$2,326$1,914$1,566$1,275$460
19 years$2,636$2,156$1,752$1,415$1,136$382
20 years$2,478$2,004$1,608$1,281$1,015$318
21 years$2,335$1,866$1,479$1,163$908$265
22 years$2,205$1,742$1,363$1,057$814$221
23 years$2,087$1,629$1,258$963$731$184
24 years$1,979$1,527$1,164$878$657$154
25 years$1,879$1,433$1,078$802$591$128
26 years$1,788$1,346$1,000$733$532$107
27 years$1,703$1,267$928$671$480$90
28 years$1,625$1,194$863$615$433$75
29 years$1,552$1,126$803$564$391$63
30 years$1,484$1,064$748$518$353$52
31 years$1,421$1,006$697$475$320$44
32 years$1,361$952$651$437$289$37
33 years$1,306$901$608$402$262$31
34 years$1,253$854$568$370$237$26
35 years$1,204$810$531$340$214$21
36 years$1,158$769$496$313$194$18
37 years$1,114$730$465$289$176$15
38 years$1,073$694$435$266$160$13
39 years$1,034$660$408$245$145$10
40 years$997$628$382$226$131$9
41 years$962$598$358$209$119$7
42 years$928$569$336$193$108$6
43 years$896$542$315$178$98$5
44 years$866$517$296$164$89$4
45 years$837$493$278$152$81$4
46 years$810$470$261$140$73$3
47 years$784$449$245$129$67$3
48 years$759$428$231$120$61$2
49 years$735$409$217$111$55$2
50 years$712$391$204$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $729,000, adding $4,465 every year, while hoping to spend $41,110 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: 53/22/25 Blend
65$729,000$729,000$729,000$729,000
66$807,964$769,327$758,027$844,963
67$846,635$763,283$739,680$864,954
68$887,873$755,565$719,341$882,104
69$931,897$746,048$696,899$899,925
70$978,944$734,599$672,240$918,498
71$1,029,279$721,076$645,242$937,910
72$1,083,187$705,331$615,779$958,264
73$1,140,986$687,205$583,721$979,674
74$1,203,020$666,532$548,930$1,002,267
75$1,269,670$643,134$511,260$1,026,187
76$1,341,352$616,823$470,564$1,051,596
77$1,418,524$587,402$426,682$1,078,675
78$1,501,689$554,660$379,451$1,107,626
79$1,591,399$518,376$328,700$1,138,678
80$1,688,260$478,315$274,250$1,172,083
81$1,792,939$434,229$215,914$1,208,126
82$1,906,169$385,856$153,497$1,247,124
83$2,028,753$332,918$86,794$1,289,430
84$2,161,579$275,124$15,594$1,335,440
85$2,305,618$212,163$0$1,385,592
86$2,461,941$143,709$0$1,456,486
87$2,631,725$69,417$0$1,538,046
88$2,816,265$0$0$1,626,777
89$3,016,986$0$0$1,726,106
90$3,235,454$0$0$1,852,571
91$3,473,394$0$0$1,990,372
92$3,732,704$0$0$2,140,618
93$4,015,471$0$0$2,304,527
94$4,323,995$0$0$2,483,440
95$4,660,804$0$0$2,678,833
96$5,028,685$0$0$2,892,332
97$5,430,703$0$0$3,125,726
98$5,870,233$0$0$3,380,984
99$6,350,992$0$0$3,660,277
100$6,877,071$0$0$3,965,993