Can I retire at age 66 with 741,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$61,191$60,646$60,114$59,595$59,088$58,569
2 years$30,293$29,728$29,182$28,652$28,137$27,614
3 years$19,994$19,428$18,882$18,357$17,851$17,340
4 years$14,846$14,282$13,742$13,225$12,732$12,237
5 years$11,758$11,197$10,664$10,158$9,679$9,201
6 years$9,700$9,143$8,618$8,124$7,658$7,199
7 years$8,231$7,678$7,162$6,679$6,228$5,787
8 years$7,129$6,582$6,074$5,603$5,167$4,744
9 years$6,273$5,731$5,231$4,772$4,351$3,947
10 years$5,588$5,051$4,561$4,114$3,708$3,321
11 years$5,029$4,497$4,015$3,580$3,189$2,820
12 years$4,562$4,036$3,563$3,140$2,763$2,412
13 years$4,168$3,647$3,184$2,772$2,410$2,076
14 years$3,831$3,315$2,861$2,461$2,112$1,795
15 years$3,538$3,029$2,583$2,195$1,860$1,558
16 years$3,283$2,779$2,342$1,965$1,644$1,358
17 years$3,058$2,559$2,131$1,766$1,457$1,187
18 years$2,858$2,365$1,945$1,591$1,296$1,040
19 years$2,679$2,192$1,781$1,438$1,155$913
20 years$2,518$2,037$1,634$1,302$1,032$803
21 years$2,373$1,897$1,503$1,182$923$708
22 years$2,242$1,771$1,385$1,075$828$625
23 years$2,121$1,656$1,279$979$743$552
24 years$2,011$1,552$1,183$893$668$489
25 years$1,910$1,456$1,096$815$601$433
26 years$1,817$1,369$1,016$745$541$383
27 years$1,731$1,288$944$682$488$340
28 years$1,652$1,214$877$625$440$302
29 years$1,577$1,145$816$573$398$268
30 years$1,508$1,081$760$526$359$238
31 years$1,444$1,022$709$483$325$212
32 years$1,384$967$661$444$294$188
33 years$1,327$916$618$408$266$167
34 years$1,274$868$577$376$241$149
35 years$1,224$823$539$346$218$133
36 years$1,177$782$505$319$198$118
37 years$1,132$742$472$293$179$105
38 years$1,090$705$442$270$162$94
39 years$1,051$671$414$249$147$83
40 years$1,013$638$388$230$134$74
41 years$977$608$364$212$121$66
42 years$943$579$342$196$110$59
43 years$911$551$321$181$100$53
44 years$880$525$301$167$91$47
45 years$851$501$283$154$82$42
46 years$823$478$265$142$75$37
47 years$797$456$249$132$68$33
48 years$771$435$234$122$62$30
49 years$747$416$220$112$56$26
50 years$723$397$207$104$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $741,000, adding $4,647 every year, while hoping to spend $47,360 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: 55/16/29 Blend
65$741,000$741,000$741,000$741,000
66$821,375$782,102$770,617$859,716
67$854,765$770,035$746,042$874,627
68$889,973$755,788$719,056$885,605
69$927,135$739,207$689,529$896,616
70$966,399$720,124$657,324$907,683
71$1,007,925$698,364$622,299$918,831
72$1,051,890$673,740$584,302$930,089
73$1,098,486$646,057$543,180$941,496
74$1,147,923$615,105$498,768$953,095
75$1,200,430$580,664$450,895$964,936
76$1,256,259$542,501$399,385$977,080
77$1,315,684$500,370$344,051$989,597
78$1,379,006$454,010$284,699$1,002,565
79$1,446,554$403,146$221,125$1,016,080
80$1,518,688$347,487$153,119$1,030,246
81$1,595,805$286,724$80,460$1,045,186
82$1,678,338$220,534$2,916$1,061,039
83$1,766,761$148,573$0$1,077,963
84$1,861,597$70,479$0$1,120,843
85$1,963,416$0$0$1,167,747
86$2,072,847$0$0$1,220,571
87$2,190,578$0$0$1,290,801
88$2,317,366$0$0$1,366,485
89$2,454,043$0$0$1,448,126
90$2,601,520$0$0$1,536,274
91$2,760,800$0$0$1,631,538
92$2,932,986$0$0$1,734,584
93$3,119,288$0$0$1,846,144
94$3,321,037$0$0$1,967,024
95$3,539,698$0$0$2,098,110
96$3,776,880$0$0$2,240,375
97$4,034,352$0$0$2,394,892
98$4,314,062$0$0$2,562,839
99$4,618,150$0$0$2,745,512
100$4,948,973$0$0$2,944,337