Can I retire at age 66 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$60,283$59,746$59,222$58,711$58,211$56,484
2 years$29,843$29,287$28,748$28,226$27,720$25,993
3 years$19,698$19,139$18,602$18,085$17,586$15,916
4 years$14,626$14,070$13,538$13,029$12,543$10,940
5 years$11,584$11,031$10,506$10,008$9,535$8,005
6 years$9,556$9,007$8,490$8,003$7,545$6,089
7 years$8,109$7,564$7,055$6,580$6,136$4,754
8 years$7,024$6,484$5,984$5,520$5,090$3,781
9 years$6,180$5,646$5,154$4,702$4,287$3,050
10 years$5,505$4,976$4,493$4,053$3,652$2,485
11 years$4,954$4,430$3,956$3,527$3,141$2,042
12 years$4,495$3,976$3,510$3,094$2,722$1,689
13 years$4,106$3,593$3,136$2,731$2,374$1,404
14 years$3,774$3,266$2,818$2,425$2,081$1,172
15 years$3,486$2,984$2,544$2,162$1,832$982
16 years$3,234$2,738$2,307$1,936$1,619$825
17 years$3,012$2,521$2,099$1,740$1,436$695
18 years$2,815$2,330$1,916$1,568$1,277$586
19 years$2,639$2,159$1,754$1,417$1,138$495
20 years$2,481$2,006$1,610$1,283$1,016$419
21 years$2,338$1,869$1,481$1,164$910$355
22 years$2,208$1,745$1,365$1,059$815$301
23 years$2,090$1,632$1,260$964$732$255
24 years$1,982$1,529$1,165$879$658$217
25 years$1,882$1,435$1,079$803$592$184
26 years$1,790$1,348$1,001$734$533$157
27 years$1,706$1,269$930$672$481$133
28 years$1,627$1,196$864$616$434$113
29 years$1,554$1,128$804$565$392$97
30 years$1,486$1,065$749$518$354$82
31 years$1,422$1,007$698$476$320$70
32 years$1,363$953$652$437$289$60
33 years$1,307$902$608$402$262$51
34 years$1,255$855$568$370$237$43
35 years$1,206$811$531$341$215$37
36 years$1,159$770$497$314$195$31
37 years$1,116$731$465$289$176$27
38 years$1,074$695$436$266$160$23
39 years$1,035$661$408$246$145$19
40 years$998$629$383$227$132$17
41 years$963$598$359$209$119$14
42 years$929$570$337$193$108$12
43 years$898$543$316$178$98$10
44 years$867$518$296$164$89$9
45 years$839$494$278$152$81$7
46 years$811$471$261$140$74$6
47 years$785$449$246$130$67$5
48 years$760$429$231$120$61$5
49 years$736$410$217$111$55$4
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $730,000, adding $3,821 every year, while hoping to spend $33,567 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: 39/37/24 Blend
65$730,000$730,000$730,000$730,000
66$808,401$769,711$758,396$834,036
67$855,143$771,712$748,088$854,959
68$905,528$772,686$736,308$874,144
69$959,891$772,547$722,974$894,223
70$1,018,603$771,204$707,996$915,299
71$1,082,068$768,561$691,282$937,485
72$1,150,733$764,515$672,734$960,909
73$1,225,088$758,956$652,251$985,714
74$1,305,672$751,771$629,727$1,012,060
75$1,393,078$742,835$605,050$1,040,129
76$1,487,958$732,019$578,105$1,070,120
77$1,591,028$719,187$548,770$1,102,259
78$1,703,077$704,191$516,918$1,136,796
79$1,824,973$686,878$482,417$1,174,011
80$1,957,670$667,085$445,127$1,214,217
81$2,102,218$644,638$404,905$1,257,763
82$2,259,773$619,355$361,598$1,305,037
83$2,431,608$591,041$315,050$1,356,471
84$2,619,122$559,492$265,094$1,412,546
85$2,823,856$524,490$211,558$1,473,798
86$3,047,507$485,808$154,263$1,540,824
87$3,291,942$443,202$93,020$1,614,284
88$3,559,218$396,417$27,634$1,694,914
89$3,851,598$345,181$0$1,783,533
90$4,171,576$289,210$0$1,891,839
91$4,521,894$228,199$0$2,018,301
92$4,905,578$161,831$0$2,157,009
93$5,325,954$89,768$0$2,309,264
94$5,786,688$11,654$0$2,476,501
95$6,291,819$0$0$2,660,310
96$6,845,792$0$0$2,892,123
97$7,453,504$0$0$3,151,729
98$8,120,351$0$0$3,436,700
99$8,852,273$0$0$3,749,588
100$9,655,817$0$0$4,093,204