Can I retire at age 66 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$61,439$60,892$60,358$59,836$59,328$58,611
2 years$30,415$29,849$29,300$28,768$28,251$27,530
3 years$20,075$19,507$18,959$18,432$17,924$17,220
4 years$14,907$14,339$13,797$13,279$12,783$12,103
5 years$11,806$11,242$10,707$10,200$9,718$9,062
6 years$9,740$9,180$8,653$8,157$7,689$7,060
7 years$8,264$7,709$7,191$6,706$6,253$5,650
8 years$7,158$6,608$6,098$5,626$5,188$4,611
9 years$6,298$5,754$5,252$4,792$4,369$3,818
10 years$5,611$5,072$4,579$4,130$3,723$3,197
11 years$5,049$4,515$4,031$3,595$3,202$2,702
12 years$4,581$4,052$3,578$3,153$2,774$2,299
13 years$4,185$3,662$3,197$2,784$2,419$1,968
14 years$3,846$3,329$2,872$2,471$2,121$1,693
15 years$3,553$3,041$2,593$2,204$1,867$1,462
16 years$3,296$2,790$2,351$1,973$1,650$1,267
17 years$3,070$2,570$2,139$1,773$1,463$1,101
18 years$2,869$2,374$1,953$1,598$1,301$959
19 years$2,690$2,201$1,788$1,444$1,160$838
20 years$2,529$2,045$1,641$1,308$1,036$733
21 years$2,383$1,905$1,509$1,187$927$642
22 years$2,251$1,778$1,391$1,079$831$563
23 years$2,130$1,663$1,284$983$746$494
24 years$2,020$1,558$1,188$896$670$435
25 years$1,918$1,462$1,100$818$603$383
26 years$1,825$1,374$1,020$748$543$337
27 years$1,738$1,293$947$685$490$297
28 years$1,658$1,219$881$628$442$262
29 years$1,584$1,150$820$576$399$231
30 years$1,514$1,086$763$528$361$204
31 years$1,450$1,026$712$485$326$180
32 years$1,389$971$664$446$295$159
33 years$1,332$920$620$410$267$140
34 years$1,279$872$579$377$242$124
35 years$1,229$827$542$347$219$110
36 years$1,182$785$507$320$198$97
37 years$1,137$745$474$295$180$86
38 years$1,095$708$444$272$163$76
39 years$1,055$674$416$250$148$67
40 years$1,017$641$390$231$134$59
41 years$981$610$366$213$122$53
42 years$947$581$343$197$110$47
43 years$915$553$322$182$100$41
44 years$884$528$302$168$91$36
45 years$855$503$284$155$83$32
46 years$827$480$266$143$75$29
47 years$800$458$250$132$68$25
48 years$774$437$235$122$62$22
49 years$750$418$221$113$56$20
50 years$726$399$208$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $744,000, adding $4,428 every year, while hoping to spend $42,687 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: 64/23/13 Blend
65$744,000$744,000$744,000$744,000
66$824,455$785,023$773,491$874,427
67$863,131$778,071$753,985$901,451
68$904,321$769,347$732,394$925,611
69$948,237$758,720$708,604$950,943
70$995,110$746,050$682,495$977,560
71$1,045,194$731,189$653,941$1,005,588
72$1,098,766$713,980$622,811$1,035,169
73$1,156,133$694,257$588,967$1,066,457
74$1,217,627$671,845$552,267$1,099,629
75$1,283,616$646,556$512,559$1,134,878
76$1,354,503$618,195$469,687$1,172,418
77$1,430,728$586,553$423,488$1,212,490
78$1,512,778$551,410$373,790$1,255,360
79$1,601,185$512,532$320,416$1,301,323
80$1,696,533$469,674$263,177$1,350,707
81$1,799,465$422,574$201,879$1,403,877
82$1,910,689$370,958$136,320$1,461,238
83$2,030,978$314,534$66,286$1,523,237
84$2,161,188$252,996$0$1,590,374
85$2,302,254$186,018$0$1,664,372
86$2,455,210$113,258$0$1,754,560
87$2,621,187$34,354$0$1,852,446
88$2,801,435$0$0$1,958,816
89$2,997,323$0$0$2,087,469
90$3,210,361$0$0$2,236,886
91$3,442,210$0$0$2,399,544
92$3,694,695$0$0$2,576,729
93$3,969,827$0$0$2,769,859
94$4,269,819$0$0$2,980,493
95$4,597,104$0$0$3,210,346
96$4,954,363$0$0$3,461,309
97$5,344,546$0$0$3,735,461
98$5,770,899$0$0$4,035,090
99$6,236,999$0$0$4,362,718
100$6,746,781$0$0$4,721,120