Can I retire at age 66 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$61,521$60,973$60,439$59,917$59,407$57,552
2 years$30,456$29,889$29,339$28,806$28,289$26,436
3 years$20,102$19,533$18,984$18,456$17,948$16,156
4 years$14,927$14,359$13,816$13,297$12,801$11,083
5 years$11,822$11,257$10,722$10,213$9,731$8,092
6 years$9,753$9,192$8,665$8,168$7,700$6,142
7 years$8,275$7,720$7,200$6,715$6,262$4,784
8 years$7,168$6,617$6,106$5,633$5,195$3,797
9 years$6,307$5,762$5,260$4,798$4,375$3,054
10 years$5,619$5,079$4,585$4,136$3,728$2,483
11 years$5,056$4,521$4,037$3,600$3,206$2,035
12 years$4,587$4,058$3,583$3,157$2,778$1,679
13 years$4,191$3,667$3,201$2,787$2,423$1,392
14 years$3,851$3,333$2,876$2,474$2,124$1,159
15 years$3,558$3,045$2,597$2,207$1,870$968
16 years$3,301$2,794$2,354$1,976$1,653$811
17 years$3,074$2,573$2,142$1,775$1,465$681
18 years$2,873$2,378$1,956$1,600$1,303$573
19 years$2,694$2,203$1,790$1,446$1,161$482
20 years$2,532$2,048$1,643$1,309$1,037$407
21 years$2,386$1,907$1,511$1,188$928$344
22 years$2,254$1,780$1,393$1,080$832$291
23 years$2,133$1,665$1,286$984$747$246
24 years$2,022$1,560$1,189$897$671$208
25 years$1,921$1,464$1,102$820$604$176
26 years$1,827$1,376$1,022$749$544$149
27 years$1,741$1,295$949$686$491$127
28 years$1,660$1,220$882$628$443$107
29 years$1,586$1,151$821$576$400$91
30 years$1,516$1,087$764$529$361$77
31 years$1,452$1,028$713$486$327$66
32 years$1,391$972$665$446$295$56
33 years$1,334$921$621$411$267$47
34 years$1,281$873$580$378$242$40
35 years$1,231$828$542$348$219$34
36 years$1,183$786$507$320$199$29
37 years$1,139$746$475$295$180$25
38 years$1,096$709$445$272$163$21
39 years$1,056$674$417$251$148$18
40 years$1,019$642$391$231$134$15
41 years$983$611$366$213$122$13
42 years$948$582$343$197$110$11
43 years$916$554$322$182$100$9
44 years$885$528$303$168$91$8
45 years$856$504$284$155$83$7
46 years$828$481$267$143$75$6
47 years$801$459$251$132$68$5
48 years$775$438$236$122$62$4
49 years$751$418$221$113$56$3
50 years$727$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $745,000, adding $5,643 every year, while hoping to spend $32,330 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: 73/14/13 Blend
65$745,000$745,000$745,000$745,000
66$826,811$787,326$775,778$884,494
67$876,747$791,506$767,368$927,595
68$930,692$794,807$757,592$970,256
69$989,023$797,153$746,372$1,016,114
70$1,052,150$798,460$733,622$1,065,475
71$1,120,527$798,642$719,256$1,118,680
72$1,194,652$797,607$703,182$1,176,104
73$1,275,072$795,255$685,305$1,238,160
74$1,362,390$791,483$665,523$1,305,304
75$1,457,268$786,180$643,732$1,378,038
76$1,560,435$779,229$619,823$1,456,917
77$1,672,693$770,504$593,680$1,542,553
78$1,794,923$759,874$565,184$1,635,619
79$1,928,096$747,200$534,209$1,736,860
80$2,073,282$732,332$500,624$1,847,094
81$2,231,654$715,114$464,293$1,967,228
82$2,404,508$695,379$425,072$2,098,257
83$2,593,267$672,952$382,811$2,241,283
84$2,799,500$647,647$337,355$2,397,518
85$3,024,933$619,266$288,540$2,568,300
86$3,271,466$587,600$236,197$2,755,106
87$3,541,193$552,429$180,146$2,959,561
88$3,836,417$513,521$120,203$3,183,462
89$4,159,675$470,627$56,174$3,428,787
90$4,513,762$423,488$0$3,697,717
91$4,901,755$371,827$0$3,994,347
92$5,327,042$315,355$0$4,328,069
93$5,793,355$253,762$0$4,694,039
94$6,304,805$186,725$0$5,095,517
95$6,865,920$113,899$0$5,536,095
96$7,481,687$34,923$0$6,019,730
97$8,157,598$0$0$6,550,786
98$8,899,704$0$0$7,141,863
99$9,714,671$0$0$7,796,918
100$10,609,842$0$0$8,516,475