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%11.4%
1 years$61,439$60,892$60,358$59,836$59,328$58,978
2 years$30,415$29,849$29,300$28,768$28,251$27,899
3 years$20,075$19,507$18,959$18,432$17,924$17,579
4 years$14,907$14,339$13,797$13,279$12,783$12,449
5 years$11,806$11,242$10,707$10,200$9,718$9,395
6 years$9,740$9,180$8,653$8,157$7,689$7,379
7 years$8,264$7,709$7,191$6,706$6,253$5,955
8 years$7,158$6,608$6,098$5,626$5,188$4,901
9 years$6,298$5,754$5,252$4,792$4,369$4,094
10 years$5,611$5,072$4,579$4,130$3,723$3,460
11 years$5,049$4,515$4,031$3,595$3,202$2,950
12 years$4,581$4,052$3,578$3,153$2,774$2,535
13 years$4,185$3,662$3,197$2,784$2,419$2,191
14 years$3,846$3,329$2,872$2,471$2,121$1,903
15 years$3,553$3,041$2,593$2,204$1,867$1,660
16 years$3,296$2,790$2,351$1,973$1,650$1,454
17 years$3,070$2,570$2,139$1,773$1,463$1,277
18 years$2,869$2,374$1,953$1,598$1,301$1,124
19 years$2,690$2,201$1,788$1,444$1,160$992
20 years$2,529$2,045$1,641$1,308$1,036$877
21 years$2,383$1,905$1,509$1,187$927$777
22 years$2,251$1,778$1,391$1,079$831$689
23 years$2,130$1,663$1,284$983$746$612
24 years$2,020$1,558$1,188$896$670$545
25 years$1,918$1,462$1,100$818$603$485
26 years$1,825$1,374$1,020$748$543$432
27 years$1,738$1,293$947$685$490$385
28 years$1,658$1,219$881$628$442$344
29 years$1,584$1,150$820$576$399$307
30 years$1,514$1,086$763$528$361$274
31 years$1,450$1,026$712$485$326$245
32 years$1,389$971$664$446$295$219
33 years$1,332$920$620$410$267$196
34 years$1,279$872$579$377$242$176
35 years$1,229$827$542$347$219$157
36 years$1,182$785$507$320$198$141
37 years$1,137$745$474$295$180$126
38 years$1,095$708$444$272$163$113
39 years$1,055$674$416$250$148$101
40 years$1,017$641$390$231$134$91
41 years$981$610$366$213$122$81
42 years$947$581$343$197$110$73
43 years$915$553$322$182$100$65
44 years$884$528$302$168$91$59
45 years$855$503$284$155$83$53
46 years$827$480$266$143$75$47
47 years$800$458$250$132$68$42
48 years$774$437$235$122$62$38
49 years$750$418$221$113$56$34
50 years$726$399$208$104$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $744,000, adding $4,462 every year, while hoping to spend $30,954 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: 22/50/28 Blend
65$744,000$744,000$744,000$744,000
66$824,491$785,059$773,527$835,237
67$875,654$790,592$766,505$850,625
68$930,998$795,358$758,211$864,201
69$990,918$799,289$748,568$878,059
70$1,055,845$802,307$737,499$892,243
71$1,126,256$804,336$724,920$906,801
72$1,202,675$805,289$710,746$921,792
73$1,285,677$805,077$694,885$937,283
74$1,375,896$803,606$677,243$953,349
75$1,474,028$800,773$657,722$970,077
76$1,580,840$796,472$636,216$987,569
77$1,697,175$790,588$612,619$1,005,936
78$1,823,962$783,002$586,817$1,025,308
79$1,962,221$773,585$558,691$1,045,831
80$2,113,078$762,201$528,117$1,067,672
81$2,277,770$748,706$494,967$1,091,016
82$2,457,659$732,949$459,105$1,116,076
83$2,654,245$714,768$420,389$1,143,090
84$2,869,178$693,992$378,672$1,172,325
85$3,104,276$670,440$333,800$1,204,083
86$3,361,542$643,921$285,612$1,238,703
87$3,643,179$614,233$233,939$1,276,564
88$3,951,613$581,160$178,607$1,318,091
89$4,289,518$544,478$119,430$1,363,760
90$4,659,837$503,945$56,219$1,414,104
91$5,065,811$459,309$0$1,469,719
92$5,511,011$410,302$0$1,534,626
93$5,999,368$356,641$0$1,624,353
94$6,535,214$298,027$0$1,722,979
95$7,123,319$234,144$0$1,831,494
96$7,768,939$164,658$0$1,950,997
97$8,477,862$89,218$0$2,082,705
98$9,256,465$7,450$0$2,227,969
99$10,111,772$0$0$2,388,286
100$11,051,521$0$0$2,609,899