Can I retire at age 66 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$61,026$60,482$59,952$59,434$58,929$58,435
2 years$30,211$29,648$29,103$28,574$28,061$27,564
3 years$19,941$19,375$18,832$18,308$17,803$17,317
4 years$14,806$14,243$13,705$13,190$12,697$12,227
5 years$11,727$11,167$10,635$10,131$9,652$9,198
6 years$9,674$9,118$8,595$8,102$7,638$7,201
7 years$8,209$7,658$7,142$6,661$6,211$5,792
8 years$7,110$6,564$6,057$5,588$5,153$4,751
9 years$6,256$5,715$5,217$4,759$4,340$3,955
10 years$5,573$5,038$4,548$4,103$3,698$3,330
11 years$5,015$4,485$4,004$3,571$3,180$2,829
12 years$4,550$4,025$3,554$3,132$2,756$2,421
13 years$4,157$3,638$3,175$2,765$2,403$2,085
14 years$3,820$3,307$2,853$2,454$2,106$1,804
15 years$3,529$3,021$2,576$2,189$1,855$1,567
16 years$3,274$2,771$2,335$1,960$1,639$1,367
17 years$3,049$2,552$2,125$1,761$1,453$1,195
18 years$2,850$2,358$1,940$1,587$1,292$1,048
19 years$2,672$2,186$1,776$1,434$1,152$921
20 years$2,512$2,031$1,630$1,299$1,029$811
21 years$2,367$1,892$1,499$1,179$921$715
22 years$2,235$1,766$1,382$1,072$825$632
23 years$2,116$1,652$1,276$976$741$559
24 years$2,006$1,548$1,180$890$666$495
25 years$1,905$1,452$1,093$813$599$438
26 years$1,812$1,365$1,013$743$540$389
27 years$1,727$1,285$941$680$487$345
28 years$1,647$1,210$875$623$439$306
29 years$1,573$1,142$814$572$396$272
30 years$1,504$1,078$758$525$358$242
31 years$1,440$1,019$707$482$324$215
32 years$1,380$965$660$443$293$192
33 years$1,323$913$616$407$265$171
34 years$1,270$866$575$375$240$152
35 years$1,221$821$538$345$217$135
36 years$1,174$779$503$318$197$121
37 years$1,129$740$471$293$179$107
38 years$1,088$704$441$270$162$96
39 years$1,048$669$413$249$147$85
40 years$1,010$636$387$229$133$76
41 years$975$606$363$212$121$68
42 years$941$577$341$195$110$61
43 years$909$550$320$180$99$54
44 years$878$524$300$167$90$48
45 years$849$500$282$154$82$43
46 years$821$477$265$142$74$38
47 years$794$455$249$131$68$34
48 years$769$434$234$121$61$31
49 years$745$415$220$112$56$27
50 years$722$396$206$104$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $739,000, adding $5,618 every year, while hoping to spend $31,617 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: 41/39/20 Blend
65$739,000$739,000$739,000$739,000
66$820,173$781,006$769,551$848,762
67$870,190$785,635$761,691$874,297
68$924,250$789,431$752,508$898,449
69$982,730$792,320$741,924$923,940
70$1,046,048$794,224$729,858$950,909
71$1,114,662$795,057$716,225$979,512
72$1,189,074$794,732$700,935$1,009,920
73$1,269,840$793,153$683,896$1,042,328
74$1,357,566$790,221$665,010$1,076,947
75$1,452,925$785,828$644,174$1,114,017
76$1,556,651$779,862$621,282$1,153,802
77$1,669,557$772,203$596,223$1,196,597
78$1,792,535$762,724$568,879$1,242,728
79$1,926,566$751,289$539,129$1,292,560
80$2,072,730$737,757$506,844$1,346,494
81$2,232,217$721,976$471,892$1,404,980
82$2,406,336$703,786$434,134$1,468,515
83$2,596,528$683,017$393,423$1,537,650
84$2,804,379$659,490$349,607$1,612,997
85$3,031,636$633,015$302,529$1,695,235
86$3,280,220$603,390$252,022$1,785,116
87$3,552,250$570,404$197,912$1,883,475
88$3,850,057$533,831$140,019$1,991,234
89$4,176,208$493,434$78,155$2,109,419
90$4,533,529$448,960$12,121$2,239,162
91$4,925,135$400,145$0$2,381,719
92$5,354,454$346,707$0$2,550,932
93$5,825,262$288,350$0$2,739,459
94$6,341,720$224,760$0$2,946,459
95$6,908,408$155,606$0$3,173,868
96$7,530,373$80,538$0$3,423,822
97$8,213,174$0$0$3,698,681
98$8,962,933$0$0$4,001,401
99$9,786,396$0$0$4,371,939
100$10,690,994$0$0$4,779,087