Can I retire at age 66 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$62,265$61,710$61,169$60,641$60,125$58,983
2 years$30,824$30,250$29,694$29,154$28,631$27,485
3 years$20,345$19,769$19,214$18,679$18,165$17,051
4 years$15,107$14,532$13,983$13,457$12,955$11,881
5 years$11,965$11,393$10,851$10,337$9,848$8,818
6 years$9,871$9,304$8,769$8,266$7,793$6,806
7 years$8,375$7,813$7,287$6,796$6,338$5,396
8 years$7,254$6,697$6,180$5,701$5,258$4,360
9 years$6,383$5,831$5,323$4,856$4,428$3,574
10 years$5,686$5,140$4,641$4,186$3,773$2,962
11 years$5,117$4,576$4,086$3,643$3,245$2,476
12 years$4,642$4,107$3,626$3,195$2,812$2,085
13 years$4,241$3,711$3,240$2,821$2,452$1,765
14 years$3,898$3,374$2,911$2,504$2,149$1,501
15 years$3,600$3,082$2,628$2,233$1,892$1,281
16 years$3,341$2,828$2,383$2,000$1,672$1,097
17 years$3,111$2,604$2,168$1,797$1,483$942
18 years$2,908$2,406$1,979$1,619$1,319$811
19 years$2,726$2,230$1,812$1,463$1,175$699
20 years$2,563$2,072$1,663$1,325$1,050$604
21 years$2,415$1,930$1,530$1,203$939$522
22 years$2,281$1,802$1,410$1,093$842$452
23 years$2,159$1,685$1,302$996$756$392
24 years$2,047$1,579$1,204$908$679$340
25 years$1,944$1,482$1,115$829$611$295
26 years$1,849$1,393$1,034$758$551$256
27 years$1,762$1,311$960$694$496$223
28 years$1,681$1,235$893$636$448$194
29 years$1,605$1,165$831$583$405$169
30 years$1,535$1,100$774$535$366$147
31 years$1,469$1,040$721$492$330$128
32 years$1,408$984$673$452$299$111
33 years$1,350$932$628$415$271$97
34 years$1,296$883$587$382$245$85
35 years$1,245$838$549$352$222$74
36 years$1,198$795$514$324$201$64
37 years$1,152$755$481$299$182$56
38 years$1,110$718$450$275$165$49
39 years$1,069$683$422$254$150$43
40 years$1,031$649$395$234$136$37
41 years$994$618$371$216$123$32
42 years$960$589$348$199$112$28
43 years$927$561$326$184$101$25
44 years$896$535$306$170$92$21
45 years$866$510$288$157$84$19
46 years$838$486$270$145$76$16
47 years$811$464$254$134$69$14
48 years$785$443$238$124$63$12
49 years$760$423$224$114$57$11
50 years$736$404$211$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $754,000, adding $5,484 every year, while hoping to spend $25,832 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: 29/47/24 Blend
65$754,000$754,000$754,000$754,000
66$836,565$796,603$784,916$854,446
67$894,409$808,151$783,725$880,340
68$957,288$819,400$781,629$905,514
69$1,025,688$830,307$778,570$932,045
70$1,100,143$840,826$774,487$960,070
71$1,181,242$850,912$769,317$989,735
72$1,269,633$860,511$762,994$1,021,207
73$1,366,030$869,570$755,448$1,054,669
74$1,471,215$878,029$746,606$1,090,325
75$1,586,054$885,828$736,392$1,128,402
76$1,711,498$892,899$724,727$1,169,151
77$1,848,591$899,172$711,526$1,212,852
78$1,998,488$904,572$696,703$1,259,813
79$2,162,456$909,018$680,165$1,310,378
80$2,341,893$912,426$661,817$1,364,928
81$2,538,337$914,706$641,558$1,423,885
82$2,753,481$915,761$619,285$1,487,717
83$2,989,192$915,489$594,886$1,556,943
84$3,247,523$913,781$568,249$1,632,138
85$3,530,737$910,523$539,252$1,713,937
86$3,841,326$905,592$507,770$1,803,047
87$4,182,034$898,859$473,673$1,900,249
88$4,555,885$890,186$436,824$2,006,405
89$4,966,207$879,428$397,081$2,122,475
90$5,416,670$866,430$354,292$2,249,516
91$5,911,313$851,027$308,304$2,388,700
92$6,454,587$833,048$258,952$2,541,325
93$7,051,396$812,307$206,067$2,708,824
94$7,707,139$788,612$149,472$2,892,783
95$8,427,768$761,755$88,980$3,094,957
96$9,219,838$731,518$24,399$3,317,286
97$10,090,571$697,672$0$3,561,913
98$11,047,924$659,972$0$3,842,611
99$12,100,662$618,161$0$4,158,007
100$13,258,444$571,965$0$4,504,797