Can I retire at age 66 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$61,191$60,646$60,114$59,595$59,088$58,038
2 years$30,293$29,728$29,182$28,652$28,137$27,083
3 years$19,994$19,428$18,882$18,357$17,851$16,825
4 years$14,846$14,282$13,742$13,225$12,732$11,742
5 years$11,758$11,197$10,664$10,158$9,679$8,728
6 years$9,700$9,143$8,618$8,124$7,658$6,748
7 years$8,231$7,678$7,162$6,679$6,228$5,359
8 years$7,129$6,582$6,074$5,603$5,167$4,338
9 years$6,273$5,731$5,231$4,772$4,351$3,562
10 years$5,588$5,051$4,561$4,114$3,708$2,958
11 years$5,029$4,497$4,015$3,580$3,189$2,477
12 years$4,562$4,036$3,563$3,140$2,763$2,089
13 years$4,168$3,647$3,184$2,772$2,410$1,772
14 years$3,831$3,315$2,861$2,461$2,112$1,510
15 years$3,538$3,029$2,583$2,195$1,860$1,292
16 years$3,283$2,779$2,342$1,965$1,644$1,109
17 years$3,058$2,559$2,131$1,766$1,457$954
18 years$2,858$2,365$1,945$1,591$1,296$823
19 years$2,679$2,192$1,781$1,438$1,155$711
20 years$2,518$2,037$1,634$1,302$1,032$615
21 years$2,373$1,897$1,503$1,182$923$533
22 years$2,242$1,771$1,385$1,075$828$463
23 years$2,121$1,656$1,279$979$743$402
24 years$2,011$1,552$1,183$893$668$350
25 years$1,910$1,456$1,096$815$601$304
26 years$1,817$1,369$1,016$745$541$265
27 years$1,731$1,288$944$682$488$231
28 years$1,652$1,214$877$625$440$201
29 years$1,577$1,145$816$573$398$176
30 years$1,508$1,081$760$526$359$153
31 years$1,444$1,022$709$483$325$134
32 years$1,384$967$661$444$294$117
33 years$1,327$916$618$408$266$102
34 years$1,274$868$577$376$241$89
35 years$1,224$823$539$346$218$78
36 years$1,177$782$505$319$198$68
37 years$1,132$742$472$293$179$59
38 years$1,090$705$442$270$162$52
39 years$1,051$671$414$249$147$45
40 years$1,013$638$388$230$134$40
41 years$977$608$364$212$121$35
42 years$943$579$342$196$110$30
43 years$911$551$321$181$100$27
44 years$880$525$301$167$91$23
45 years$851$501$283$154$82$20
46 years$823$478$265$142$75$18
47 years$797$456$249$132$68$16
48 years$771$435$234$122$62$14
49 years$747$416$220$112$56$12
50 years$723$397$207$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $741,000, adding $3,589 every year, while hoping to spend $31,222 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: 81/9/10 Blend
65$741,000$741,000$741,000$741,000
66$820,284$781,011$769,526$885,133
67$870,733$786,061$762,085$933,210
68$925,281$790,311$753,348$981,494
69$984,314$793,691$743,240$1,033,559
70$1,048,255$796,122$731,679$1,089,770
71$1,117,570$797,525$718,582$1,150,524
72$1,192,769$797,811$703,863$1,216,261
73$1,274,418$796,890$687,428$1,287,467
74$1,363,134$794,663$669,182$1,364,675
75$1,459,598$791,026$649,025$1,448,472
76$1,564,561$785,870$626,851$1,539,507
77$1,678,847$779,079$602,551$1,638,493
78$1,803,364$770,527$576,011$1,746,218
79$1,939,109$760,085$547,109$1,863,547
80$2,087,181$747,613$515,721$1,991,435
81$2,248,791$732,964$481,715$2,130,935
82$2,425,270$715,981$444,954$2,283,208
83$2,618,084$696,500$405,296$2,449,530
84$2,828,846$674,346$362,591$2,631,310
85$3,059,332$649,333$316,682$2,830,101
86$3,311,499$621,266$267,406$3,047,613
87$3,587,502$589,937$214,594$3,285,733
88$3,889,710$555,127$158,066$3,546,537
89$4,220,737$516,604$97,637$3,832,318
90$4,583,458$474,124$33,114$4,145,598
91$4,981,041$427,427$0$4,489,160
92$5,416,975$376,238$0$4,869,885
93$5,895,102$320,269$0$5,291,357
94$6,419,654$259,214$0$5,753,788
95$6,995,293$192,750$0$6,261,309
96$7,627,153$120,535$0$6,818,470
97$8,320,891$42,210$0$7,430,286
98$9,082,736$0$0$8,102,283
99$9,919,554$0$0$8,844,768
100$10,838,903$0$0$9,665,095