Can I retire at age 66 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$60,861$60,319$59,790$59,274$58,769$57,002
2 years$30,129$29,568$29,024$28,497$27,985$26,220
3 years$19,887$19,323$18,781$18,258$17,755$16,047
4 years$14,766$14,204$13,667$13,154$12,663$11,025
5 years$11,695$11,136$10,606$10,104$9,626$8,063
6 years$9,648$9,094$8,572$8,080$7,617$6,129
7 years$8,187$7,637$7,123$6,643$6,195$4,783
8 years$7,091$6,546$6,041$5,573$5,139$3,802
9 years$6,239$5,700$5,203$4,747$4,328$3,064
10 years$5,558$5,024$4,536$4,092$3,688$2,496
11 years$5,001$4,473$3,994$3,561$3,171$2,050
12 years$4,538$4,014$3,544$3,123$2,748$1,694
13 years$4,146$3,628$3,166$2,758$2,397$1,407
14 years$3,810$3,298$2,845$2,448$2,101$1,174
15 years$3,519$3,012$2,569$2,183$1,850$983
16 years$3,265$2,764$2,329$1,955$1,635$825
17 years$3,041$2,545$2,119$1,756$1,449$694
18 years$2,842$2,352$1,935$1,583$1,289$585
19 years$2,665$2,180$1,771$1,430$1,149$494
20 years$2,505$2,026$1,625$1,295$1,026$418
21 years$2,360$1,887$1,495$1,176$918$354
22 years$2,229$1,761$1,378$1,069$823$300
23 years$2,110$1,647$1,272$973$739$254
24 years$2,001$1,543$1,177$888$664$216
25 years$1,900$1,448$1,090$811$598$183
26 years$1,808$1,361$1,011$741$538$156
27 years$1,722$1,281$939$679$485$132
28 years$1,643$1,207$872$622$438$112
29 years$1,569$1,139$812$570$395$96
30 years$1,500$1,075$756$523$357$81
31 years$1,436$1,017$705$481$323$69
32 years$1,376$962$658$442$292$59
33 years$1,320$911$614$406$264$50
34 years$1,267$863$574$374$239$43
35 years$1,217$819$537$344$217$36
36 years$1,171$777$502$317$196$31
37 years$1,126$738$470$292$178$26
38 years$1,085$702$440$269$161$22
39 years$1,045$667$412$248$146$19
40 years$1,008$635$386$229$133$16
41 years$972$604$362$211$120$14
42 years$938$575$340$195$109$12
43 years$906$548$319$180$99$10
44 years$876$523$299$166$90$9
45 years$847$498$281$153$82$7
46 years$819$475$264$142$74$6
47 years$792$454$248$131$67$5
48 years$767$433$233$121$61$4
49 years$743$414$219$112$56$4
50 years$720$395$206$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $737,000, adding $5,401 every year, while hoping to spend $34,089 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: 59/28/13 Blend
65$737,000$737,000$737,000$737,000
66$817,745$778,684$767,261$863,046
67$864,885$780,569$756,693$896,103
68$915,690$781,404$744,630$927,850
69$970,499$781,102$730,983$961,655
70$1,029,683$779,568$715,664$997,722
71$1,093,649$776,706$698,578$1,036,274
72$1,162,847$772,410$679,626$1,077,558
73$1,237,769$766,570$658,705$1,121,849
74$1,318,957$759,067$635,707$1,169,449
75$1,407,006$749,777$610,518$1,220,695
76$1,502,572$738,567$583,022$1,275,958
77$1,606,375$725,298$553,094$1,335,649
78$1,719,209$709,821$520,606$1,400,222
79$1,841,944$691,978$485,423$1,470,180
80$1,975,541$671,604$447,403$1,546,079
81$2,121,054$648,521$406,399$1,628,534
82$2,279,646$622,543$362,258$1,718,225
83$2,452,596$593,473$314,819$1,815,903
84$2,641,310$561,102$263,915$1,922,401
85$2,847,336$525,209$209,369$2,038,636
86$3,072,381$485,561$150,999$2,165,624
87$3,318,321$441,911$88,615$2,304,487
88$3,587,222$393,997$22,016$2,456,467
89$3,881,360$341,544$0$2,622,932
90$4,203,239$284,260$0$2,812,202
91$4,555,619$221,838$0$3,022,847
92$4,941,536$153,952$0$3,253,688
93$5,364,336$80,259$0$3,506,800
94$5,827,702$396$0$3,784,471
95$6,335,693$0$0$4,089,226
96$6,892,775$0$0$4,450,355
97$7,503,872$0$0$4,846,696
98$8,174,403$0$0$5,281,648
99$8,910,341$0$0$5,759,095
100$9,718,262$0$0$6,283,311