Can I retire at age 66 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$60,530$59,991$59,465$58,952$58,450$58,180
2 years$29,966$29,407$28,867$28,342$27,834$27,560
3 years$19,779$19,218$18,679$18,159$17,659$17,391
4 years$14,686$14,127$13,593$13,083$12,594$12,335
5 years$11,631$11,076$10,549$10,049$9,574$9,323
6 years$9,596$9,044$8,525$8,036$7,576$7,334
7 years$8,142$7,595$7,084$6,607$6,161$5,929
8 years$7,052$6,511$6,008$5,542$5,111$4,888
9 years$6,205$5,669$5,175$4,721$4,304$4,090
10 years$5,528$4,997$4,512$4,069$3,667$3,463
11 years$4,974$4,448$3,972$3,542$3,154$2,958
12 years$4,513$3,993$3,525$3,106$2,733$2,546
13 years$4,123$3,608$3,149$2,743$2,384$2,205
14 years$3,789$3,280$2,830$2,435$2,089$1,919
15 years$3,500$2,996$2,555$2,171$1,840$1,678
16 years$3,247$2,749$2,316$1,944$1,626$1,472
17 years$3,025$2,532$2,108$1,747$1,442$1,295
18 years$2,827$2,339$1,924$1,574$1,282$1,143
19 years$2,650$2,168$1,761$1,422$1,143$1,011
20 years$2,491$2,015$1,617$1,288$1,021$896
21 years$2,348$1,877$1,487$1,169$913$795
22 years$2,217$1,752$1,370$1,063$819$707
23 years$2,098$1,638$1,265$968$735$630
24 years$1,990$1,535$1,170$883$660$561
25 years$1,890$1,441$1,084$806$594$501
26 years$1,798$1,354$1,005$737$535$447
27 years$1,713$1,274$933$675$483$400
28 years$1,634$1,201$868$618$436$358
29 years$1,560$1,133$808$567$393$320
30 years$1,492$1,070$752$520$355$287
31 years$1,428$1,011$701$478$321$257
32 years$1,369$957$654$439$291$230
33 years$1,313$906$611$404$263$207
34 years$1,260$859$571$372$238$185
35 years$1,211$815$534$342$216$166
36 years$1,164$773$499$315$195$149
37 years$1,120$734$467$290$177$134
38 years$1,079$698$438$268$161$121
39 years$1,039$664$410$247$146$108
40 years$1,002$631$384$228$132$97
41 years$967$601$360$210$120$87
42 years$933$572$338$194$109$79
43 years$901$545$317$179$99$71
44 years$871$520$298$165$90$64
45 years$842$496$280$153$81$57
46 years$814$473$263$141$74$51
47 years$788$451$247$130$67$46
48 years$763$431$232$120$61$42
49 years$739$411$218$111$55$37
50 years$716$393$205$103$50$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $733,000, adding $5,875 every year, while hoping to spend $40,783 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: 69/18/13 Blend
65$733,000$733,000$733,000$733,000
66$813,826$774,977$763,616$867,237
67$853,444$769,558$745,804$898,078
68$895,735$762,507$726,029$926,361
69$940,930$753,700$704,181$956,246
70$989,281$743,007$680,147$987,885
71$1,041,064$730,291$653,808$1,021,445
72$1,096,581$715,403$625,039$1,057,112
73$1,156,165$698,191$593,710$1,095,092
74$1,220,179$678,488$559,685$1,135,613
75$1,289,025$656,121$522,822$1,178,928
76$1,363,142$630,907$482,973$1,225,316
77$1,443,011$602,650$439,981$1,275,087
78$1,529,163$571,145$393,686$1,328,582
79$1,622,180$536,174$343,916$1,386,181
80$1,722,702$497,505$290,497$1,448,303
81$1,831,431$454,897$233,242$1,515,411
82$1,949,140$408,090$171,959$1,588,020
83$2,076,680$356,814$106,447$1,666,696
84$2,214,983$300,779$36,495$1,752,068
85$2,365,077$239,683$0$1,844,829
86$2,528,092$173,205$0$1,951,042
87$2,705,271$101,005$0$2,072,007
88$2,897,980$22,726$0$2,203,629
89$3,107,724$0$0$2,346,981
90$3,336,157$0$0$2,515,528
91$3,585,102$0$0$2,704,152
92$3,856,561$0$0$2,909,874
93$4,152,741$0$0$3,134,373
94$4,476,070$0$0$3,379,492
95$4,829,220$0$0$3,647,264
96$5,215,135$0$0$3,939,925
97$5,637,053$0$0$4,259,938
98$6,098,541$0$0$4,610,014
99$6,603,525$0$0$4,993,137
100$7,156,331$0$0$5,412,596