Can I retire at age 66 with 730,000?

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 $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%16.5%
1 years$60,283$59,746$59,222$58,711$58,211$56,666
2 years$29,843$29,287$28,748$28,226$27,720$26,174
3 years$19,698$19,139$18,602$18,085$17,586$16,088
4 years$14,626$14,070$13,538$13,029$12,543$11,104
5 years$11,584$11,031$10,506$10,008$9,535$8,159
6 years$9,556$9,007$8,490$8,003$7,545$6,233
7 years$8,109$7,564$7,055$6,580$6,136$4,889
8 years$7,024$6,484$5,984$5,520$5,090$3,907
9 years$6,180$5,646$5,154$4,702$4,287$3,166
10 years$5,505$4,976$4,493$4,053$3,652$2,593
11 years$4,954$4,430$3,956$3,527$3,141$2,142
12 years$4,495$3,976$3,510$3,094$2,722$1,781
13 years$4,106$3,593$3,136$2,731$2,374$1,488
14 years$3,774$3,266$2,818$2,425$2,081$1,249
15 years$3,486$2,984$2,544$2,162$1,832$1,053
16 years$3,234$2,738$2,307$1,936$1,619$889
17 years$3,012$2,521$2,099$1,740$1,436$753
18 years$2,815$2,330$1,916$1,568$1,277$639
19 years$2,639$2,159$1,754$1,417$1,138$543
20 years$2,481$2,006$1,610$1,283$1,016$463
21 years$2,338$1,869$1,481$1,164$910$394
22 years$2,208$1,745$1,365$1,059$815$337
23 years$2,090$1,632$1,260$964$732$287
24 years$1,982$1,529$1,165$879$658$246
25 years$1,882$1,435$1,079$803$592$210
26 years$1,790$1,348$1,001$734$533$180
27 years$1,706$1,269$930$672$481$154
28 years$1,627$1,196$864$616$434$132
29 years$1,554$1,128$804$565$392$113
30 years$1,486$1,065$749$518$354$97
31 years$1,422$1,007$698$476$320$83
32 years$1,363$953$652$437$289$71
33 years$1,307$902$608$402$262$61
34 years$1,255$855$568$370$237$52
35 years$1,206$811$531$341$215$45
36 years$1,159$770$497$314$195$38
37 years$1,116$731$465$289$176$33
38 years$1,074$695$436$266$160$28
39 years$1,035$661$408$246$145$24
40 years$998$629$383$227$132$21
41 years$963$598$359$209$119$18
42 years$929$570$337$193$108$15
43 years$898$543$316$178$98$13
44 years$867$518$296$164$89$11
45 years$839$494$278$152$81$10
46 years$811$471$261$140$74$8
47 years$785$449$246$130$67$7
48 years$760$429$231$120$61$6
49 years$736$410$217$111$55$5
50 years$713$391$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $730,000, adding $2,888 every year, while hoping to spend $22,337 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: 41/30/29 Blend
65$730,000$730,000$730,000$730,000
66$807,439$768,749$757,434$833,559
67$866,031$782,651$759,042$866,661
68$929,852$796,486$759,954$900,173
69$999,409$810,227$760,126$936,027
70$1,075,265$823,844$759,506$974,453
71$1,158,037$837,307$758,044$1,015,704
72$1,248,403$850,582$755,686$1,060,060
73$1,347,113$863,633$752,374$1,107,832
74$1,454,990$876,422$748,049$1,159,361
75$1,572,940$888,908$742,650$1,215,026
76$1,701,961$901,046$736,110$1,275,244
77$1,843,153$912,789$728,362$1,340,475
78$1,997,725$924,086$719,333$1,411,231
79$2,167,011$934,885$708,948$1,488,074
80$2,352,478$945,126$697,130$1,571,624
81$2,555,742$954,748$683,795$1,662,568
82$2,778,583$963,686$668,857$1,761,665
83$3,022,962$971,870$652,228$1,869,750
84$3,291,038$979,226$633,811$1,987,749
85$3,585,190$985,673$613,509$2,116,681
86$3,908,036$991,128$591,219$2,257,672
87$4,262,463$995,501$566,832$2,411,966
88$4,651,650$998,696$540,237$2,580,935
89$5,079,098$1,000,612$511,314$2,766,094
90$5,548,665$1,001,141$479,942$2,969,115
91$6,064,599$1,000,167$445,990$3,191,843
92$6,631,583$997,570$409,326$3,436,316
93$7,254,773$993,220$369,807$3,704,781
94$7,939,853$986,980$327,288$3,999,717
95$8,693,080$978,705$281,615$4,323,862
96$9,521,353$968,240$232,628$4,680,235
97$10,432,270$955,423$180,160$5,072,168
98$11,434,202$940,079$124,035$5,503,336
99$12,536,372$922,025$64,072$5,977,795
100$13,748,945$901,066$81$6,500,019