Can I retire at age 66 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$61,852$61,301$60,763$60,239$59,726$59,475
2 years$30,620$30,049$29,497$28,961$28,441$28,187
3 years$20,210$19,638$19,086$18,556$18,044$17,796
4 years$15,007$14,436$13,890$13,368$12,869$12,628
5 years$11,885$11,318$10,779$10,268$9,783$9,550
6 years$9,805$9,242$8,711$8,211$7,741$7,516
7 years$8,320$7,761$7,239$6,751$6,295$6,079
8 years$7,206$6,653$6,139$5,663$5,223$5,015
9 years$6,341$5,792$5,288$4,824$4,398$4,199
10 years$5,649$5,106$4,610$4,158$3,748$3,557
11 years$5,083$4,545$4,059$3,619$3,223$3,040
12 years$4,612$4,080$3,602$3,174$2,793$2,619
13 years$4,213$3,687$3,218$2,802$2,436$2,269
14 years$3,872$3,351$2,891$2,488$2,135$1,976
15 years$3,577$3,061$2,611$2,219$1,880$1,729
16 years$3,318$2,809$2,367$1,986$1,661$1,518
17 years$3,091$2,587$2,154$1,785$1,473$1,336
18 years$2,889$2,390$1,966$1,608$1,310$1,180
19 years$2,708$2,215$1,800$1,453$1,167$1,045
20 years$2,546$2,059$1,652$1,316$1,043$926
21 years$2,399$1,917$1,519$1,195$933$823
22 years$2,266$1,790$1,400$1,086$836$732
23 years$2,144$1,674$1,293$989$751$653
24 years$2,033$1,568$1,196$902$675$582
25 years$1,931$1,472$1,108$824$607$520
26 years$1,837$1,383$1,027$753$547$465
27 years$1,750$1,302$954$690$493$416
28 years$1,669$1,227$887$632$445$372
29 years$1,594$1,157$825$579$402$333
30 years$1,525$1,093$769$532$363$299
31 years$1,459$1,033$717$488$328$268
32 years$1,399$978$669$449$297$240
33 years$1,341$926$624$413$269$216
34 years$1,288$878$583$380$243$194
35 years$1,237$832$545$350$220$174
36 years$1,190$790$510$322$200$156
37 years$1,145$750$477$297$181$141
38 years$1,102$713$447$273$164$126
39 years$1,062$678$419$252$149$114
40 years$1,024$645$393$233$135$102
41 years$988$614$368$215$122$92
42 years$954$585$345$198$111$83
43 years$921$557$324$183$101$74
44 years$890$531$304$169$92$67
45 years$860$506$286$156$83$60
46 years$832$483$268$144$75$54
47 years$805$461$252$133$68$49
48 years$779$440$237$123$62$44
49 years$755$420$223$114$56$40
50 years$731$402$209$105$51$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $749,000, adding $3,225 every year, while hoping to spend $23,733 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: 39/47/14 Blend
65$749,000$749,000$749,000$749,000
66$828,725$789,028$777,418$857,444
67$888,003$802,438$778,210$891,576
68$952,532$815,711$778,233$925,910
69$1,022,823$828,813$777,436$962,519
70$1,099,436$841,711$775,766$1,001,621
71$1,182,992$854,367$773,167$1,043,454
72$1,274,170$866,744$769,581$1,088,284
73$1,373,719$878,798$764,946$1,136,404
74$1,482,464$890,485$759,197$1,188,135
75$1,601,312$901,756$752,267$1,243,835
76$1,731,264$912,560$744,086$1,303,897
77$1,873,419$922,841$734,579$1,368,757
78$2,028,990$932,542$723,669$1,438,896
79$2,199,309$941,600$711,275$1,514,843
80$2,385,848$949,947$697,311$1,597,187
81$2,590,222$957,513$681,690$1,686,573
82$2,814,215$964,221$664,317$1,783,718
83$3,059,789$969,992$645,095$1,889,410
84$3,329,105$974,739$623,923$2,004,521
85$3,624,543$978,371$600,694$2,130,016
86$3,948,726$980,790$575,297$2,266,955
87$4,304,542$981,895$547,615$2,416,514
88$4,695,172$981,574$517,527$2,579,987
89$5,124,121$979,712$484,905$2,758,805
90$5,595,248$976,185$449,617$2,954,548
91$6,112,807$970,862$411,523$3,168,958
92$6,681,483$963,604$370,478$3,403,959
93$7,306,437$954,263$326,332$3,661,675
94$7,993,354$942,683$278,924$3,944,450
95$8,748,500$928,697$228,092$4,254,870
96$9,578,774$912,131$173,660$4,595,790
97$10,491,781$892,798$115,450$4,970,360
98$11,495,898$870,500$53,273$5,382,056
99$12,600,355$845,030$0$5,834,713
100$13,815,320$816,165$0$6,334,518