Can I retire at age 66 with 752,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$62,099$61,546$61,007$60,480$59,966$59,143
2 years$30,742$30,170$29,615$29,077$28,555$27,727
3 years$20,291$19,716$19,163$18,630$18,116$17,310
4 years$15,067$14,494$13,946$13,422$12,921$12,142
5 years$11,933$11,363$10,822$10,309$9,822$9,072
6 years$9,844$9,279$8,746$8,244$7,772$7,053
7 years$8,353$7,792$7,268$6,778$6,321$5,632
8 years$7,235$6,679$6,164$5,686$5,244$4,585
9 years$6,366$5,816$5,309$4,843$4,416$3,788
10 years$5,671$5,126$4,628$4,175$3,763$3,164
11 years$5,103$4,564$4,075$3,633$3,236$2,667
12 years$4,630$4,096$3,616$3,187$2,804$2,264
13 years$4,230$3,702$3,231$2,814$2,445$1,933
14 years$3,888$3,365$2,903$2,498$2,144$1,658
15 years$3,591$3,074$2,621$2,227$1,887$1,428
16 years$3,332$2,820$2,376$1,994$1,668$1,234
17 years$3,103$2,597$2,162$1,792$1,479$1,070
18 years$2,900$2,400$1,974$1,615$1,315$929
19 years$2,719$2,224$1,807$1,459$1,172$809
20 years$2,556$2,067$1,658$1,322$1,047$705
21 years$2,409$1,925$1,525$1,199$937$616
22 years$2,275$1,797$1,406$1,091$840$539
23 years$2,153$1,681$1,298$993$754$472
24 years$2,041$1,575$1,201$906$678$414
25 years$1,939$1,478$1,112$827$610$363
26 years$1,844$1,389$1,031$756$549$318
27 years$1,757$1,307$958$692$495$280
28 years$1,676$1,232$890$634$447$246
29 years$1,601$1,162$828$582$403$216
30 years$1,531$1,097$772$534$365$190
31 years$1,465$1,037$719$490$330$167
32 years$1,404$982$671$451$298$147
33 years$1,347$930$627$414$270$130
34 years$1,293$881$586$381$244$114
35 years$1,242$836$547$351$221$101
36 years$1,194$793$512$323$200$89
37 years$1,149$753$479$298$182$78
38 years$1,107$716$449$275$165$69
39 years$1,066$681$421$253$149$61
40 years$1,028$648$394$233$135$54
41 years$992$617$370$215$123$47
42 years$957$587$347$199$112$42
43 years$925$559$325$184$101$37
44 years$893$533$305$169$92$32
45 years$864$509$287$156$83$29
46 years$835$485$269$145$76$25
47 years$808$463$253$134$69$22
48 years$783$442$238$123$62$20
49 years$758$422$224$114$57$17
50 years$734$403$210$105$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $752,000, adding $3,076 every year, while hoping to spend $39,758 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: 50/38/12 Blend
65$752,000$752,000$752,000$752,000
66$831,877$792,021$780,365$870,627
67$874,426$788,528$764,205$894,024
68$919,983$783,531$746,171$914,995
69$968,812$776,915$726,159$936,882
70$1,021,204$768,556$704,058$959,781
71$1,077,477$758,326$679,754$983,804
72$1,137,982$746,086$653,128$1,009,071
73$1,203,102$731,690$624,054$1,035,723
74$1,273,259$714,984$592,401$1,063,913
75$1,348,917$695,804$558,031$1,093,814
76$1,430,584$673,976$520,803$1,125,620
77$1,518,820$649,317$480,566$1,159,548
78$1,614,238$621,632$437,164$1,195,839
79$1,717,515$590,717$390,434$1,234,764
80$1,829,393$556,353$340,204$1,276,623
81$1,950,688$518,312$286,298$1,321,754
82$2,082,299$476,349$228,529$1,370,531
83$2,225,211$430,208$166,703$1,423,372
84$2,380,512$379,618$100,618$1,480,742
85$2,549,397$324,291$30,060$1,543,159
86$2,733,178$263,925$0$1,611,198
87$2,933,304$198,198$0$1,691,293
88$3,151,364$126,773$0$1,782,848
89$3,389,111$49,293$0$1,882,833
90$3,648,471$0$0$1,992,158
91$3,931,567$0$0$2,126,311
92$4,240,734$0$0$2,295,402
93$4,578,542$0$0$2,480,236
94$4,947,823$0$0$2,682,369
95$5,351,691$0$0$2,903,518
96$5,793,579$0$0$3,145,573
97$6,277,263$0$0$3,410,612
98$6,806,905$0$0$3,700,927
99$7,387,085$0$0$4,019,042
100$8,022,848$0$0$4,367,733