Can I retire at age 66 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$62,017$61,464$60,926$60,399$59,886$57,784
2 years$30,701$30,130$29,575$29,038$28,517$26,422
3 years$20,264$19,690$19,137$18,605$18,092$16,069
4 years$15,047$14,474$13,927$13,404$12,904$10,968
5 years$11,917$11,348$10,808$10,295$9,809$7,966
6 years$9,831$9,266$8,734$8,233$7,762$6,013
7 years$8,342$7,782$7,258$6,769$6,312$4,657
8 years$7,226$6,671$6,156$5,678$5,237$3,674
9 years$6,358$5,808$5,302$4,837$4,410$2,938
10 years$5,664$5,119$4,622$4,169$3,758$2,373
11 years$5,096$4,558$4,069$3,629$3,232$1,933
12 years$4,624$4,091$3,611$3,183$2,800$1,584
13 years$4,224$3,697$3,227$2,810$2,442$1,304
14 years$3,882$3,360$2,899$2,494$2,141$1,078
15 years$3,586$3,070$2,618$2,224$1,885$894
16 years$3,327$2,816$2,373$1,992$1,666$744
17 years$3,099$2,594$2,159$1,790$1,477$620
18 years$2,896$2,397$1,971$1,613$1,313$517
19 years$2,715$2,221$1,805$1,457$1,171$433
20 years$2,552$2,064$1,656$1,320$1,046$362
21 years$2,405$1,923$1,523$1,198$936$304
22 years$2,272$1,795$1,404$1,089$839$255
23 years$2,150$1,679$1,296$992$753$214
24 years$2,039$1,573$1,199$905$677$179
25 years$1,936$1,476$1,110$826$609$151
26 years$1,842$1,387$1,030$755$548$127
27 years$1,755$1,305$956$691$495$107
28 years$1,674$1,230$889$634$446$90
29 years$1,599$1,160$827$581$403$75
30 years$1,529$1,096$771$533$364$63
31 years$1,463$1,036$718$490$329$53
32 years$1,402$980$670$450$298$45
33 years$1,345$928$626$414$269$38
34 years$1,291$880$585$381$244$32
35 years$1,240$835$547$351$221$27
36 years$1,193$792$511$323$200$23
37 years$1,148$752$479$297$181$19
38 years$1,105$715$448$274$165$16
39 years$1,065$680$420$253$149$14
40 years$1,027$647$394$233$135$11
41 years$991$616$369$215$123$10
42 years$956$586$346$199$111$8
43 years$923$559$325$183$101$7
44 years$892$533$305$169$92$6
45 years$863$508$286$156$83$5
46 years$834$484$269$144$76$4
47 years$807$462$253$133$69$3
48 years$782$441$237$123$62$3
49 years$757$421$223$114$57$2
50 years$733$403$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $751,000, adding $4,397 every year, while hoping to spend $24,485 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: 61/32/7 Blend
65$751,000$751,000$751,000$751,000
66$832,138$792,335$780,694$881,466
67$890,964$805,107$780,795$927,759
68$954,969$817,685$780,080$975,021
69$1,024,657$830,032$778,493$1,025,965
70$1,100,580$842,112$775,981$1,080,945
71$1,183,347$853,883$772,483$1,140,353
72$1,273,626$865,301$767,940$1,204,619
73$1,372,156$876,321$762,286$1,274,220
74$1,479,748$886,892$755,454$1,349,678
75$1,597,294$896,961$747,373$1,431,573
76$1,725,778$906,473$737,970$1,520,539
77$1,866,282$915,365$727,168$1,617,280
78$2,019,999$923,574$714,884$1,722,568
79$2,188,241$931,031$701,034$1,837,258
80$2,372,453$937,663$685,530$1,962,289
81$2,574,227$943,392$668,279$2,098,698
82$2,795,314$948,134$649,183$2,247,630
83$3,037,646$951,803$628,140$2,410,344
84$3,303,347$954,303$605,044$2,588,230
85$3,594,760$955,535$579,784$2,782,821
86$3,914,463$955,393$552,244$2,995,807
87$4,265,296$953,765$522,302$3,229,050
88$4,650,388$950,532$489,832$3,484,605
89$5,073,185$945,566$454,699$3,764,735
90$5,537,485$938,733$416,766$4,071,939
91$6,047,468$929,890$375,887$4,408,969
92$6,607,742$918,887$331,911$4,778,860
93$7,223,382$905,563$284,681$5,184,958
94$7,899,979$889,748$234,030$5,630,955
95$8,643,693$871,262$179,786$6,120,917
96$9,461,310$849,914$121,770$6,659,330
97$10,360,308$825,504$59,793$7,251,138
98$11,348,922$797,816$0$7,901,792
99$12,436,228$766,626$0$8,617,777
100$13,632,226$731,693$0$9,410,042