Can I retire at age 66 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$61,109$60,564$60,033$59,515$59,009$57,166
2 years$30,252$29,688$29,142$28,613$28,099$26,259
3 years$19,967$19,402$18,857$18,333$17,827$16,047
4 years$14,826$14,262$13,723$13,208$12,715$11,008
5 years$11,743$11,182$10,650$10,145$9,665$8,038
6 years$9,687$9,131$8,607$8,113$7,648$6,100
7 years$8,220$7,668$7,152$6,670$6,220$4,752
8 years$7,120$6,573$6,066$5,595$5,160$3,771
9 years$6,265$5,723$5,224$4,766$4,345$3,034
10 years$5,581$5,044$4,555$4,108$3,703$2,467
11 years$5,022$4,491$4,010$3,575$3,184$2,021
12 years$4,556$4,031$3,559$3,136$2,759$1,667
13 years$4,163$3,643$3,179$2,769$2,406$1,382
14 years$3,826$3,311$2,857$2,458$2,109$1,151
15 years$3,534$3,025$2,579$2,192$1,857$961
16 years$3,278$2,775$2,338$1,963$1,641$805
17 years$3,054$2,556$2,128$1,763$1,455$676
18 years$2,854$2,362$1,942$1,589$1,294$569
19 years$2,675$2,189$1,778$1,436$1,153$479
20 years$2,515$2,034$1,632$1,301$1,030$404
21 years$2,370$1,894$1,501$1,180$922$341
22 years$2,238$1,768$1,383$1,073$826$289
23 years$2,119$1,654$1,277$977$742$244
24 years$2,009$1,550$1,181$891$667$207
25 years$1,908$1,454$1,094$814$600$175
26 years$1,815$1,367$1,015$744$540$148
27 years$1,729$1,286$942$681$487$126
28 years$1,649$1,212$876$624$440$107
29 years$1,575$1,143$815$572$397$90
30 years$1,506$1,080$759$525$359$77
31 years$1,442$1,021$708$483$324$65
32 years$1,382$966$661$443$293$55
33 years$1,325$915$617$408$266$47
34 years$1,272$867$576$375$240$40
35 years$1,222$822$539$345$218$34
36 years$1,175$780$504$318$197$29
37 years$1,131$741$472$293$179$24
38 years$1,089$704$442$270$162$21
39 years$1,049$670$414$249$147$18
40 years$1,012$637$388$230$133$15
41 years$976$607$364$212$121$13
42 years$942$578$341$196$110$11
43 years$910$551$320$181$100$9
44 years$879$525$301$167$90$8
45 years$850$500$282$154$82$7
46 years$822$477$265$142$75$6
47 years$796$456$249$131$68$5
48 years$770$435$234$121$61$4
49 years$746$415$220$112$56$3
50 years$722$397$207$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $740,000, adding $4,031 every year, while hoping to spend $21,714 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: 50/41/9 Blend
65$740,000$740,000$740,000$740,000
66$819,638$780,418$768,948$858,486
67$880,138$795,555$771,604$900,599
68$946,080$810,706$773,622$943,691
69$1,017,998$825,848$774,956$990,010
70$1,096,478$840,959$775,561$1,039,865
71$1,182,164$856,011$775,387$1,093,595
72$1,275,766$870,976$774,384$1,151,574
73$1,378,065$885,825$772,497$1,214,214
74$1,489,922$900,525$769,670$1,281,972
75$1,612,285$915,042$765,844$1,355,348
76$1,746,195$929,336$760,958$1,434,896
77$1,892,803$943,370$754,946$1,521,224
78$2,053,372$957,098$747,739$1,615,005
79$2,229,296$970,475$739,268$1,716,981
80$2,422,108$983,452$729,458$1,827,967
81$2,633,497$995,976$718,229$1,948,865
82$2,865,325$1,007,990$705,501$2,080,669
83$3,119,640$1,019,434$691,187$2,224,473
84$3,398,700$1,030,243$675,199$2,381,485
85$3,704,992$1,040,349$657,442$2,553,038
86$4,041,253$1,049,678$637,818$2,740,599
87$4,410,501$1,058,152$616,225$2,945,788
88$4,816,059$1,065,688$592,556$3,170,391
89$5,261,588$1,072,198$566,697$3,416,375
90$5,751,121$1,077,587$538,533$3,685,913
91$6,289,101$1,081,755$507,940$3,981,397
92$6,880,424$1,084,595$474,790$4,305,467
93$7,530,481$1,085,994$438,949$4,661,034
94$8,245,214$1,085,831$400,278$5,051,305
95$9,031,168$1,083,980$358,630$5,479,820
96$9,895,555$1,080,303$313,852$5,950,480
97$10,846,321$1,074,657$265,785$6,467,585
98$11,892,220$1,066,889$214,263$7,035,879
99$13,042,897$1,056,837$159,111$7,660,590
100$14,308,979$1,044,329$100,148$8,347,483