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%13.1%
1 years$60,943$60,400$59,871$59,354$58,849$58,090
2 years$30,170$29,608$29,064$28,536$28,023$27,259
3 years$19,914$19,349$18,806$18,283$17,779$17,034
4 years$14,786$14,224$13,686$13,172$12,680$11,960
5 years$11,711$11,152$10,621$10,117$9,639$8,946
6 years$9,661$9,106$8,583$8,091$7,627$6,962
7 years$8,198$7,647$7,133$6,652$6,203$5,566
8 years$7,100$6,555$6,049$5,580$5,146$4,537
9 years$6,248$5,707$5,210$4,753$4,334$3,752
10 years$5,566$5,031$4,542$4,097$3,693$3,138
11 years$5,008$4,479$3,999$3,566$3,176$2,648
12 years$4,544$4,020$3,549$3,128$2,752$2,251
13 years$4,151$3,633$3,171$2,761$2,400$1,924
14 years$3,815$3,302$2,849$2,451$2,104$1,653
15 years$3,524$3,016$2,572$2,186$1,852$1,426
16 years$3,270$2,768$2,332$1,957$1,637$1,234
17 years$3,045$2,549$2,122$1,759$1,451$1,071
18 years$2,846$2,355$1,937$1,585$1,291$932
19 years$2,668$2,183$1,773$1,432$1,150$812
20 years$2,508$2,028$1,628$1,297$1,027$709
21 years$2,364$1,889$1,497$1,177$919$620
22 years$2,232$1,764$1,380$1,070$824$543
23 years$2,113$1,649$1,274$975$740$477
24 years$2,003$1,545$1,178$889$665$418
25 years$1,903$1,450$1,091$812$598$368
26 years$1,810$1,363$1,012$742$539$323
27 years$1,724$1,283$940$679$486$284
28 years$1,645$1,209$874$623$438$250
29 years$1,571$1,140$813$571$396$220
30 years$1,502$1,077$757$524$358$194
31 years$1,438$1,018$706$481$323$171
32 years$1,378$963$659$442$293$151
33 years$1,322$912$615$407$265$133
34 years$1,269$865$575$374$240$118
35 years$1,219$820$537$344$217$104
36 years$1,172$778$503$317$197$92
37 years$1,128$739$470$292$178$81
38 years$1,086$703$441$269$162$71
39 years$1,046$668$413$248$147$63
40 years$1,009$636$387$229$133$56
41 years$973$605$363$211$121$49
42 years$940$576$340$195$109$43
43 years$907$549$319$180$99$38
44 years$877$523$300$166$90$34
45 years$848$499$281$154$82$30
46 years$820$476$264$142$74$27
47 years$793$454$248$131$67$23
48 years$768$434$233$121$61$21
49 years$744$414$219$112$56$18
50 years$721$396$206$103$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $738,000, adding $3,278 every year, while hoping to spend $49,580 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: 66/29/5 Blend
65$738,000$738,000$738,000$738,000
66$816,657$777,543$766,104$869,815
67$847,204$762,890$739,016$890,845
68$879,204$745,857$709,359$907,543
69$912,754$726,276$676,994$924,459
70$947,959$703,967$641,776$941,604
71$984,930$678,741$603,556$958,997
72$1,023,791$650,398$562,173$976,657
73$1,064,676$618,725$517,464$994,610
74$1,107,730$583,499$469,256$1,012,883
75$1,153,110$544,483$417,368$1,031,510
76$1,200,989$501,425$361,612$1,050,531
77$1,251,556$454,060$301,791$1,069,991
78$1,305,014$402,108$237,701$1,089,945
79$1,361,588$345,274$169,126$1,110,454
80$1,421,521$283,244$95,843$1,131,588
81$1,485,081$215,687$17,618$1,153,429
82$1,552,558$142,255$0$1,176,071
83$1,624,272$62,578$0$1,203,134
84$1,700,572$0$0$1,232,458
85$1,781,838$0$0$1,270,828
86$1,868,490$0$0$1,333,060
87$1,960,985$0$0$1,399,516
88$2,059,825$0$0$1,470,562
89$2,165,559$0$0$1,546,595
90$2,278,790$0$0$1,628,054
91$2,400,179$0$0$1,715,418
92$2,530,453$0$0$1,809,215
93$2,670,406$0$0$1,910,022
94$2,820,912$0$0$2,018,473
95$2,982,932$0$0$2,135,266
96$3,157,517$0$0$2,261,166
97$3,345,825$0$0$2,397,012
98$3,549,127$0$0$2,543,729
99$3,768,819$0$0$2,702,330
100$4,006,438$0$0$2,873,933