Can I retire at age 66 with 737,000?

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 $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%15.5%
1 years$60,861$60,319$59,790$59,274$58,769$57,442
2 years$30,129$29,568$29,024$28,497$27,985$26,655
3 years$19,887$19,323$18,781$18,258$17,755$16,464
4 years$14,766$14,204$13,667$13,154$12,663$11,420
5 years$11,695$11,136$10,606$10,104$9,626$8,436
6 years$9,648$9,094$8,572$8,080$7,617$6,480
7 years$8,187$7,637$7,123$6,643$6,195$5,111
8 years$7,091$6,546$6,041$5,573$5,139$4,109
9 years$6,239$5,700$5,203$4,747$4,328$3,350
10 years$5,558$5,024$4,536$4,092$3,688$2,761
11 years$5,001$4,473$3,994$3,561$3,171$2,295
12 years$4,538$4,014$3,544$3,123$2,748$1,920
13 years$4,146$3,628$3,166$2,758$2,397$1,616
14 years$3,810$3,298$2,845$2,448$2,101$1,366
15 years$3,519$3,012$2,569$2,183$1,850$1,159
16 years$3,265$2,764$2,329$1,955$1,635$986
17 years$3,041$2,545$2,119$1,756$1,449$841
18 years$2,842$2,352$1,935$1,583$1,289$719
19 years$2,665$2,180$1,771$1,430$1,149$616
20 years$2,505$2,026$1,625$1,295$1,026$528
21 years$2,360$1,887$1,495$1,176$918$454
22 years$2,229$1,761$1,378$1,069$823$390
23 years$2,110$1,647$1,272$973$739$336
24 years$2,001$1,543$1,177$888$664$289
25 years$1,900$1,448$1,090$811$598$249
26 years$1,808$1,361$1,011$741$538$215
27 years$1,722$1,281$939$679$485$186
28 years$1,643$1,207$872$622$438$160
29 years$1,569$1,139$812$570$395$138
30 years$1,500$1,075$756$523$357$120
31 years$1,436$1,017$705$481$323$103
32 years$1,376$962$658$442$292$89
33 years$1,320$911$614$406$264$77
34 years$1,267$863$574$374$239$67
35 years$1,217$819$537$344$217$58
36 years$1,171$777$502$317$196$50
37 years$1,126$738$470$292$178$43
38 years$1,085$702$440$269$161$37
39 years$1,045$667$412$248$146$32
40 years$1,008$635$386$229$133$28
41 years$972$604$362$211$120$24
42 years$938$575$340$195$109$21
43 years$906$548$319$180$99$18
44 years$876$523$299$166$90$16
45 years$847$498$281$153$82$14
46 years$819$475$264$142$74$12
47 years$792$454$248$131$67$10
48 years$767$433$233$121$61$9
49 years$743$414$219$112$56$8
50 years$720$395$206$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $737,000, adding $2,972 every year, while hoping to spend $37,916 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: 37/48/15 Blend
65$737,000$737,000$737,000$737,000
66$815,240$776,179$764,755$841,580
67$858,052$773,869$750,032$858,468
68$903,960$770,176$733,545$872,856
69$953,240$764,990$715,195$887,580
70$1,006,194$758,199$694,878$902,692
71$1,063,155$749,680$672,486$918,249
72$1,124,488$739,305$647,904$934,317
73$1,190,592$726,937$621,016$950,974
74$1,261,909$712,433$591,696$968,305
75$1,338,921$695,640$559,815$986,412
76$1,422,159$676,394$525,237$1,005,409
77$1,512,208$654,526$487,821$1,025,426
78$1,609,709$629,854$447,419$1,046,609
79$1,715,367$602,185$403,876$1,069,126
80$1,829,959$571,316$357,030$1,093,167
81$1,954,337$537,033$306,713$1,118,945
82$2,089,441$499,109$252,749$1,146,700
83$2,236,301$457,303$194,953$1,176,705
84$2,396,054$411,360$133,134$1,209,265
85$2,569,948$361,014$67,091$1,244,723
86$2,759,359$305,980$0$1,283,464
87$2,965,799$245,959$0$1,326,463
88$3,190,933$180,633$0$1,385,157
89$3,436,594$109,669$0$1,449,375
90$3,704,797$32,714$0$1,519,760
91$3,997,764$0$0$1,597,031
92$4,317,939$0$0$1,708,716
93$4,668,011$0$0$1,849,820
94$5,050,946$0$0$2,004,272
95$5,470,003$0$0$2,173,400
96$5,928,776$0$0$2,358,666
97$6,431,220$0$0$2,561,683
98$6,981,691$0$0$2,784,223
99$7,584,987$0$0$3,028,243
100$8,246,390$0$0$3,295,893