Can I retire at age 66 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$60,943$60,400$59,871$59,354$58,849$58,527
2 years$30,170$29,608$29,064$28,536$28,023$27,699
3 years$19,914$19,349$18,806$18,283$17,779$17,462
4 years$14,786$14,224$13,686$13,172$12,680$12,372
5 years$11,711$11,152$10,621$10,117$9,639$9,342
6 years$9,661$9,106$8,583$8,091$7,627$7,341
7 years$8,198$7,647$7,133$6,652$6,203$5,927
8 years$7,100$6,555$6,049$5,580$5,146$4,881
9 years$6,248$5,707$5,210$4,753$4,334$4,080
10 years$5,566$5,031$4,542$4,097$3,693$3,450
11 years$5,008$4,479$3,999$3,566$3,176$2,944
12 years$4,544$4,020$3,549$3,128$2,752$2,530
13 years$4,151$3,633$3,171$2,761$2,400$2,189
14 years$3,815$3,302$2,849$2,451$2,104$1,902
15 years$3,524$3,016$2,572$2,186$1,852$1,661
16 years$3,270$2,768$2,332$1,957$1,637$1,455
17 years$3,045$2,549$2,122$1,759$1,451$1,279
18 years$2,846$2,355$1,937$1,585$1,291$1,127
19 years$2,668$2,183$1,773$1,432$1,150$995
20 years$2,508$2,028$1,628$1,297$1,027$881
21 years$2,364$1,889$1,497$1,177$919$781
22 years$2,232$1,764$1,380$1,070$824$693
23 years$2,113$1,649$1,274$975$740$616
24 years$2,003$1,545$1,178$889$665$548
25 years$1,903$1,450$1,091$812$598$489
26 years$1,810$1,363$1,012$742$539$436
27 years$1,724$1,283$940$679$486$389
28 years$1,645$1,209$874$623$438$347
29 years$1,571$1,140$813$571$396$310
30 years$1,502$1,077$757$524$358$278
31 years$1,438$1,018$706$481$323$248
32 years$1,378$963$659$442$293$222
33 years$1,322$912$615$407$265$199
34 years$1,269$865$575$374$240$178
35 years$1,219$820$537$344$217$160
36 years$1,172$778$503$317$197$143
37 years$1,128$739$470$292$178$128
38 years$1,086$703$441$269$162$115
39 years$1,046$668$413$248$147$103
40 years$1,009$636$387$229$133$93
41 years$973$605$363$211$121$83
42 years$940$576$340$195$109$75
43 years$907$549$319$180$99$67
44 years$877$523$300$166$90$60
45 years$848$499$281$154$82$54
46 years$820$476$264$142$74$48
47 years$793$454$248$131$67$43
48 years$768$434$233$121$61$39
49 years$744$414$219$112$56$35
50 years$721$396$206$103$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $738,000, adding $3,039 every year, while hoping to spend $31,925 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: 49/32/19 Blend
65$738,000$738,000$738,000$738,000
66$816,411$777,297$765,858$851,930
67$865,717$781,416$757,546$880,978
68$918,982$784,668$747,886$909,011
69$976,576$786,975$736,798$938,788
70$1,038,907$788,257$724,201$970,484
71$1,106,421$788,427$710,007$1,004,295
72$1,179,610$787,394$694,127$1,040,437
73$1,259,015$785,061$676,465$1,079,153
74$1,345,231$781,325$656,922$1,120,709
75$1,438,911$776,076$635,396$1,165,401
76$1,540,775$769,199$611,777$1,213,558
77$1,651,615$760,571$585,952$1,265,544
78$1,772,301$750,060$557,803$1,321,762
79$1,903,793$737,530$527,206$1,382,659
80$2,047,144$722,833$494,032$1,448,729
81$2,203,515$705,815$458,145$1,520,523
82$2,374,185$686,311$419,404$1,598,645
83$2,560,559$664,148$377,661$1,683,770
84$2,764,186$639,141$332,763$1,776,640
85$2,986,770$611,096$284,547$1,878,080
86$3,230,188$579,806$232,847$1,989,000
87$3,496,505$545,055$177,485$2,110,408
88$3,787,998$506,612$118,280$2,243,421
89$4,107,170$464,232$55,039$2,389,271
90$4,456,781$417,659$0$2,549,323
91$4,839,868$366,620$0$2,727,608
92$5,259,778$310,828$0$2,935,343
93$5,720,196$249,979$0$3,163,244
94$6,225,179$183,751$0$3,413,396
95$6,779,199$111,807$0$3,688,098
96$7,387,180$33,787$0$3,989,889
97$8,054,543$0$0$4,321,569
98$8,787,265$0$0$4,704,079
99$9,591,927$0$0$5,137,292
100$10,475,777$0$0$5,613,226