Can I retire at age 66 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$61,687$61,137$60,601$60,078$59,567$57,660
2 years$30,538$29,969$29,418$28,884$28,365$26,462
3 years$20,156$19,585$19,035$18,506$17,996$16,156
4 years$14,967$14,397$13,853$13,333$12,835$11,072
5 years$11,854$11,288$10,750$10,241$9,757$8,076
6 years$9,779$9,217$8,688$8,190$7,720$6,122
7 years$8,298$7,741$7,220$6,733$6,279$4,764
8 years$7,187$6,635$6,123$5,648$5,209$3,776
9 years$6,324$5,777$5,274$4,811$4,387$3,034
10 years$5,634$5,092$4,598$4,147$3,738$2,463
11 years$5,069$4,533$4,048$3,609$3,214$2,016
12 years$4,599$4,069$3,592$3,166$2,786$1,661
13 years$4,202$3,677$3,209$2,795$2,429$1,375
14 years$3,862$3,342$2,884$2,481$2,129$1,143
15 years$3,567$3,053$2,604$2,213$1,875$954
16 years$3,309$2,801$2,361$1,981$1,657$798
17 years$3,082$2,580$2,148$1,780$1,469$669
18 years$2,881$2,384$1,961$1,604$1,306$562
19 years$2,701$2,209$1,795$1,450$1,164$473
20 years$2,539$2,053$1,647$1,313$1,040$398
21 years$2,392$1,912$1,515$1,191$931$336
22 years$2,260$1,785$1,397$1,083$834$283
23 years$2,139$1,670$1,289$987$749$239
24 years$2,028$1,564$1,193$900$673$202
25 years$1,926$1,468$1,105$822$606$171
26 years$1,832$1,380$1,024$751$546$145
27 years$1,745$1,298$951$688$492$122
28 years$1,665$1,224$884$630$444$104
29 years$1,590$1,154$823$578$401$88
30 years$1,521$1,090$767$530$362$74
31 years$1,456$1,030$715$487$327$63
32 years$1,395$975$667$448$296$53
33 years$1,338$923$623$412$268$45
34 years$1,284$875$582$379$243$38
35 years$1,234$830$544$349$220$33
36 years$1,186$788$509$321$199$28
37 years$1,142$748$476$296$180$23
38 years$1,099$711$446$273$164$20
39 years$1,059$676$418$251$148$17
40 years$1,021$643$392$232$135$14
41 years$985$612$367$214$122$12
42 years$951$583$344$197$111$10
43 years$919$556$323$182$101$9
44 years$888$530$303$168$91$7
45 years$858$505$285$155$83$6
46 years$830$482$268$144$75$5
47 years$803$460$251$133$68$4
48 years$777$439$236$123$62$4
49 years$753$419$222$113$56$3
50 years$729$400$209$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $747,000, adding $4,777 every year, while hoping to spend $29,829 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: 23/50/27 Blend
65$747,000$747,000$747,000$747,000
66$828,121$788,530$776,952$840,004
67$880,852$795,431$771,242$857,485
68$937,961$801,669$764,341$873,363
69$999,865$807,182$756,178$889,725
70$1,067,018$811,902$746,677$906,631
71$1,139,924$815,755$735,761$924,147
72$1,219,135$818,665$723,348$942,351
73$1,305,258$820,551$709,351$961,330
74$1,398,961$821,325$693,681$981,182
75$1,500,980$820,895$676,244$1,002,019
76$1,612,123$819,162$656,941$1,023,967
77$1,733,282$816,022$635,671$1,047,169
78$1,865,435$811,366$612,324$1,071,785
79$2,009,661$805,075$586,789$1,097,996
80$2,167,149$797,026$558,949$1,126,005
81$2,339,204$787,086$528,679$1,156,039
82$2,527,265$775,115$495,852$1,188,354
83$2,732,916$760,966$460,333$1,223,237
84$2,957,902$744,482$421,983$1,261,008
85$3,204,142$725,496$380,654$1,302,026
86$3,473,752$703,832$336,193$1,346,692
87$3,769,059$679,305$288,440$1,395,453
88$4,092,630$651,717$237,229$1,448,811
89$4,447,286$620,860$182,385$1,507,323
90$4,836,140$586,513$123,726$1,571,611
91$5,262,617$548,442$61,061$1,642,368
92$5,730,490$506,402$0$1,720,366
93$6,243,915$460,131$0$1,808,138
94$6,807,470$409,353$0$1,923,846
95$7,426,199$353,778$0$2,051,007
96$8,105,655$293,097$0$2,190,866
97$8,851,958$226,985$0$2,344,802
98$9,671,849$155,098$0$2,514,345
99$10,572,754$77,075$0$2,701,184
100$11,562,854$0$0$2,907,193