Can I retire at age 66 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$60,778$60,237$59,709$59,193$58,690$57,623
2 years$30,088$29,528$28,985$28,458$27,947$26,876
3 years$19,860$19,297$18,755$18,233$17,731$16,689
4 years$14,746$14,185$13,649$13,136$12,646$11,641
5 years$11,679$11,121$10,592$10,090$9,613$8,649
6 years$9,635$9,081$8,560$8,069$7,607$6,683
7 years$8,175$7,627$7,113$6,634$6,186$5,304
8 years$7,081$6,537$6,033$5,565$5,132$4,291
9 years$6,231$5,692$5,196$4,740$4,322$3,522
10 years$5,551$5,017$4,530$4,086$3,683$2,922
11 years$4,995$4,467$3,988$3,556$3,167$2,446
12 years$4,532$4,009$3,539$3,119$2,745$2,062
13 years$4,140$3,623$3,162$2,754$2,393$1,748
14 years$3,805$3,293$2,841$2,444$2,098$1,488
15 years$3,515$3,008$2,565$2,180$1,847$1,272
16 years$3,261$2,760$2,326$1,952$1,633$1,091
17 years$3,037$2,542$2,116$1,754$1,448$938
18 years$2,838$2,349$1,932$1,581$1,287$808
19 years$2,661$2,177$1,769$1,428$1,147$698
20 years$2,501$2,023$1,623$1,293$1,025$604
21 years$2,357$1,884$1,493$1,174$917$523
22 years$2,226$1,759$1,376$1,067$822$454
23 years$2,107$1,645$1,271$972$738$394
24 years$1,998$1,541$1,175$887$663$342
25 years$1,898$1,446$1,088$810$597$298
26 years$1,805$1,359$1,009$740$538$259
27 years$1,720$1,279$937$678$485$225
28 years$1,640$1,206$871$621$437$196
29 years$1,567$1,137$811$569$395$171
30 years$1,498$1,074$755$523$357$149
31 years$1,434$1,015$704$480$323$130
32 years$1,374$961$657$441$292$114
33 years$1,318$910$613$406$264$99
34 years$1,265$862$573$373$239$86
35 years$1,216$818$536$344$217$76
36 years$1,169$776$501$316$196$66
37 years$1,125$737$469$291$178$58
38 years$1,083$701$439$269$161$50
39 years$1,044$666$412$248$146$44
40 years$1,006$634$386$228$133$38
41 years$971$603$362$211$120$34
42 years$937$575$339$195$109$29
43 years$905$548$318$180$99$26
44 years$874$522$299$166$90$22
45 years$845$498$281$153$82$20
46 years$818$475$264$141$74$17
47 years$791$453$248$131$67$15
48 years$766$433$233$121$61$13
49 years$742$413$219$112$56$11
50 years$719$395$206$103$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $736,000, adding $4,479 every year, while hoping to spend $32,035 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: 75/10/15 Blend
65$736,000$736,000$736,000$736,000
66$815,692$776,684$765,276$873,881
67$864,808$780,657$756,828$916,927
68$917,859$783,750$747,023$959,672
69$975,215$785,888$735,782$1,005,654
70$1,037,278$786,988$723,022$1,055,185
71$1,104,494$786,963$708,656$1,108,611
72$1,177,350$785,722$692,594$1,166,311
73$1,256,383$783,166$674,740$1,228,705
74$1,342,185$779,192$654,994$1,296,253
75$1,435,404$773,689$633,253$1,369,467
76$1,536,756$766,540$609,407$1,448,906
77$1,647,026$757,622$583,344$1,535,191
78$1,767,080$746,802$554,943$1,629,005
79$1,897,869$733,942$524,080$1,731,099
80$2,040,441$718,894$490,626$1,842,304
81$2,195,948$701,503$454,444$1,963,536
82$2,365,659$681,601$415,393$2,095,804
83$2,550,971$659,014$373,324$2,240,222
84$2,753,422$633,558$328,081$2,398,015
85$2,974,704$605,035$279,505$2,570,539
86$3,216,680$573,237$227,424$2,759,285
87$3,481,402$537,947$171,664$2,965,899
88$3,771,129$498,930$112,039$3,192,195
89$4,088,349$455,943$48,357$3,440,173
90$4,435,801$408,725$0$3,712,041
91$4,816,502$357,002$0$4,013,366
92$5,233,775$300,484$0$4,352,159
93$5,691,278$238,866$0$4,723,661
94$6,193,041$171,824$0$5,131,171
95$6,743,504$99,016$0$5,578,321
96$7,347,556$20,081$0$6,069,114
97$8,010,582$0$0$6,607,961
98$8,738,513$0$0$7,206,914
99$9,537,886$0$0$7,867,109
100$10,415,898$0$0$8,592,283