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%19.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,086
2 years$30,415$29,849$29,300$28,768$28,251$26,019
3 years$20,075$19,507$18,959$18,432$17,924$15,771
4 years$14,907$14,339$13,797$13,279$12,783$10,727
5 years$11,806$11,242$10,707$10,200$9,718$7,762
6 years$9,740$9,180$8,653$8,157$7,689$5,836
7 years$8,264$7,709$7,191$6,706$6,253$4,503
8 years$7,158$6,608$6,098$5,626$5,188$3,537
9 years$6,298$5,754$5,252$4,792$4,369$2,816
10 years$5,611$5,072$4,579$4,130$3,723$2,265
11 years$5,049$4,515$4,031$3,595$3,202$1,836
12 years$4,581$4,052$3,578$3,153$2,774$1,497
13 years$4,185$3,662$3,197$2,784$2,419$1,227
14 years$3,846$3,329$2,872$2,471$2,121$1,010
15 years$3,553$3,041$2,593$2,204$1,867$833
16 years$3,296$2,790$2,351$1,973$1,650$689
17 years$3,070$2,570$2,139$1,773$1,463$572
18 years$2,869$2,374$1,953$1,598$1,301$475
19 years$2,690$2,201$1,788$1,444$1,160$395
20 years$2,529$2,045$1,641$1,308$1,036$329
21 years$2,383$1,905$1,509$1,187$927$274
22 years$2,251$1,778$1,391$1,079$831$229
23 years$2,130$1,663$1,284$983$746$191
24 years$2,020$1,558$1,188$896$670$159
25 years$1,918$1,462$1,100$818$603$133
26 years$1,825$1,374$1,020$748$543$111
27 years$1,738$1,293$947$685$490$93
28 years$1,658$1,219$881$628$442$78
29 years$1,584$1,150$820$576$399$65
30 years$1,514$1,086$763$528$361$54
31 years$1,450$1,026$712$485$326$46
32 years$1,389$971$664$446$295$38
33 years$1,332$920$620$410$267$32
34 years$1,279$872$579$377$242$27
35 years$1,229$827$542$347$219$22
36 years$1,182$785$507$320$198$19
37 years$1,137$745$474$295$180$16
38 years$1,095$708$444$272$163$13
39 years$1,055$674$416$250$148$11
40 years$1,017$641$390$231$134$9
41 years$981$610$366$213$122$8
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$5
45 years$855$503$284$155$83$4
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$3
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $744,000, adding $4,711 every year, while hoping to spend $46,590 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: 53/40/7 Blend
65$744,000$744,000$744,000$744,000
66$824,747$785,315$773,783$866,830
67$859,300$774,224$750,134$884,784
68$895,816$761,029$724,130$898,811
69$934,446$745,575$695,645$912,951
70$975,354$727,704$664,544$927,221
71$1,018,721$707,242$630,688$941,646
72$1,064,744$684,011$593,929$956,253
73$1,113,638$657,817$554,116$971,078
74$1,165,639$628,459$511,088$986,160
75$1,221,003$595,723$464,679$1,001,550
76$1,280,013$559,381$414,713$1,017,304
77$1,342,978$519,195$361,010$1,033,489
78$1,410,236$474,910$303,378$1,050,182
79$1,482,158$426,258$241,619$1,067,474
80$1,559,151$372,957$175,526$1,085,468
81$1,641,660$314,708$104,881$1,104,283
82$1,730,174$251,193$29,460$1,124,057
83$1,825,230$182,080$0$1,144,946
84$1,927,418$107,016$0$1,170,939
85$2,037,383$25,628$0$1,201,024
86$2,155,835$0$0$1,233,249
87$2,283,554$0$0$1,295,393
88$2,421,398$0$0$1,374,694
89$2,570,306$0$0$1,460,420
90$2,731,314$0$0$1,553,173
91$2,905,558$0$0$1,653,617
92$3,094,288$0$0$1,762,479
93$3,298,878$0$0$1,880,562
94$3,520,838$0$0$2,008,745
95$3,761,831$0$0$2,147,999
96$4,023,684$0$0$2,299,389
97$4,308,408$0$0$2,464,088
98$4,618,214$0$0$2,643,387
99$4,955,536$0$0$2,838,705
100$5,323,053$0$0$3,051,604