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%13.2%
1 years$61,852$61,301$60,763$60,239$59,726$58,931
2 years$30,620$30,049$29,497$28,961$28,441$27,641
3 years$20,210$19,638$19,086$18,556$18,044$17,265
4 years$15,007$14,436$13,890$13,368$12,869$12,116
5 years$11,885$11,318$10,779$10,268$9,783$9,058
6 years$9,805$9,242$8,711$8,211$7,741$7,045
7 years$8,320$7,761$7,239$6,751$6,295$5,629
8 years$7,206$6,653$6,139$5,663$5,223$4,586
9 years$6,341$5,792$5,288$4,824$4,398$3,790
10 years$5,649$5,106$4,610$4,158$3,748$3,168
11 years$5,083$4,545$4,059$3,619$3,223$2,672
12 years$4,612$4,080$3,602$3,174$2,793$2,270
13 years$4,213$3,687$3,218$2,802$2,436$1,939
14 years$3,872$3,351$2,891$2,488$2,135$1,664
15 years$3,577$3,061$2,611$2,219$1,880$1,435
16 years$3,318$2,809$2,367$1,986$1,661$1,241
17 years$3,091$2,587$2,154$1,785$1,473$1,076
18 years$2,889$2,390$1,966$1,608$1,310$935
19 years$2,708$2,215$1,800$1,453$1,167$815
20 years$2,546$2,059$1,652$1,316$1,043$711
21 years$2,399$1,917$1,519$1,195$933$622
22 years$2,266$1,790$1,400$1,086$836$544
23 years$2,144$1,674$1,293$989$751$477
24 years$2,033$1,568$1,196$902$675$418
25 years$1,931$1,472$1,108$824$607$367
26 years$1,837$1,383$1,027$753$547$323
27 years$1,750$1,302$954$690$493$284
28 years$1,669$1,227$887$632$445$249
29 years$1,594$1,157$825$579$402$220
30 years$1,525$1,093$769$532$363$193
31 years$1,459$1,033$717$488$328$170
32 years$1,399$978$669$449$297$150
33 years$1,341$926$624$413$269$132
34 years$1,288$878$583$380$243$117
35 years$1,237$832$545$350$220$103
36 years$1,190$790$510$322$200$91
37 years$1,145$750$477$297$181$80
38 years$1,102$713$447$273$164$71
39 years$1,062$678$419$252$149$62
40 years$1,024$645$393$233$135$55
41 years$988$614$368$215$122$49
42 years$954$585$345$198$111$43
43 years$921$557$324$183$101$38
44 years$890$531$304$169$92$33
45 years$860$506$286$156$83$29
46 years$832$483$268$144$75$26
47 years$805$461$252$133$68$23
48 years$779$440$237$123$62$20
49 years$755$420$223$114$56$18
50 years$731$402$209$105$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $749,000, adding $5,302 every year, while hoping to spend $50,033 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: 73/18/9 Blend
65$749,000$749,000$749,000$749,000
66$830,867$791,170$779,561$889,827
67$862,381$776,703$752,441$914,990
68$895,432$759,849$722,736$935,778
69$930,125$740,441$690,307$957,155
70$966,572$718,297$655,006$979,164
71$1,004,896$693,227$616,683$1,001,855
72$1,045,231$665,031$575,178$1,025,283
73$1,087,722$633,495$530,324$1,049,507
74$1,132,528$598,394$481,947$1,074,598
75$1,179,820$559,490$429,866$1,100,632
76$1,229,786$516,530$373,892$1,127,696
77$1,282,633$469,248$313,826$1,155,885
78$1,338,583$417,363$249,460$1,185,308
79$1,397,881$360,576$180,580$1,216,086
80$1,460,795$298,575$106,960$1,248,352
81$1,527,617$231,025$28,363$1,282,259
82$1,598,665$157,577$0$1,317,973
83$1,674,291$77,860$0$1,361,014
84$1,754,876$0$0$1,409,513
85$1,840,839$0$0$1,462,689
86$1,932,640$0$0$1,535,967
87$2,030,782$0$0$1,614,327
88$2,135,816$0$0$1,698,213
89$2,248,348$0$0$1,788,111
90$2,369,040$0$0$1,884,555
91$2,498,621$0$0$1,988,128
92$2,637,888$0$0$2,099,473
93$2,787,720$0$0$2,219,295
94$2,949,079$0$0$2,348,367
95$3,123,023$0$0$2,487,540
96$3,310,713$0$0$2,637,748
97$3,513,424$0$0$2,800,015
98$3,732,561$0$0$2,975,470
99$3,969,664$0$0$3,165,353
100$4,226,427$0$0$3,371,024