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%12%
1 years$62,265$61,710$61,169$60,641$60,125$59,621
2 years$30,824$30,250$29,694$29,154$28,631$28,123
3 years$20,345$19,769$19,214$18,679$18,165$17,669
4 years$15,107$14,532$13,983$13,457$12,955$12,475
5 years$11,965$11,393$10,851$10,337$9,848$9,385
6 years$9,871$9,304$8,769$8,266$7,793$7,347
7 years$8,375$7,813$7,287$6,796$6,338$5,910
8 years$7,254$6,697$6,180$5,701$5,258$4,847
9 years$6,383$5,831$5,323$4,856$4,428$4,035
10 years$5,686$5,140$4,641$4,186$3,773$3,397
11 years$5,117$4,576$4,086$3,643$3,245$2,887
12 years$4,642$4,107$3,626$3,195$2,812$2,471
13 years$4,241$3,711$3,240$2,821$2,452$2,127
14 years$3,898$3,374$2,911$2,504$2,149$1,841
15 years$3,600$3,082$2,628$2,233$1,892$1,599
16 years$3,341$2,828$2,383$2,000$1,672$1,395
17 years$3,111$2,604$2,168$1,797$1,483$1,220
18 years$2,908$2,406$1,979$1,619$1,319$1,069
19 years$2,726$2,230$1,812$1,463$1,175$940
20 years$2,563$2,072$1,663$1,325$1,050$827
21 years$2,415$1,930$1,530$1,203$939$730
22 years$2,281$1,802$1,410$1,093$842$645
23 years$2,159$1,685$1,302$996$756$570
24 years$2,047$1,579$1,204$908$679$505
25 years$1,944$1,482$1,115$829$611$447
26 years$1,849$1,393$1,034$758$551$397
27 years$1,762$1,311$960$694$496$352
28 years$1,681$1,235$893$636$448$313
29 years$1,605$1,165$831$583$405$278
30 years$1,535$1,100$774$535$366$247
31 years$1,469$1,040$721$492$330$220
32 years$1,408$984$673$452$299$196
33 years$1,350$932$628$415$271$174
34 years$1,296$883$587$382$245$155
35 years$1,245$838$549$352$222$138
36 years$1,198$795$514$324$201$123
37 years$1,152$755$481$299$182$110
38 years$1,110$718$450$275$165$98
39 years$1,069$683$422$254$150$87
40 years$1,031$649$395$234$136$78
41 years$994$618$371$216$123$69
42 years$960$589$348$199$112$62
43 years$927$561$326$184$101$55
44 years$896$535$306$170$92$49
45 years$866$510$288$157$84$44
46 years$838$486$270$145$76$39
47 years$811$464$254$134$69$35
48 years$785$443$238$124$63$31
49 years$760$423$224$114$57$28
50 years$736$404$211$106$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $754,000, adding $3,994 every year, while hoping to spend $20,526 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: 51/29/20 Blend
65$754,000$754,000$754,000$754,000
66$835,028$795,066$783,379$872,793
67$898,361$812,185$787,782$916,399
68$967,467$829,454$791,646$961,340
69$1,042,911$846,860$794,929$1,009,767
70$1,125,319$864,387$797,590$1,062,017
71$1,215,377$882,018$799,585$1,118,463
72$1,313,843$899,734$800,868$1,179,514
73$1,421,549$917,515$801,391$1,245,622
74$1,539,412$935,339$801,103$1,317,287
75$1,668,442$953,181$799,950$1,395,056
76$1,809,752$971,015$797,877$1,479,536
77$1,964,566$988,814$794,826$1,571,395
78$2,134,233$1,006,547$790,733$1,671,368
79$2,320,239$1,024,182$785,537$1,780,268
80$2,524,218$1,041,682$779,167$1,898,989
81$2,747,974$1,059,010$771,555$2,028,517
82$2,993,492$1,076,126$762,626$2,169,941
83$3,262,956$1,092,984$752,303$2,324,461
84$3,558,776$1,109,539$740,503$2,493,397
85$3,883,604$1,125,739$727,143$2,678,209
86$4,240,363$1,141,531$712,133$2,880,503
87$4,632,270$1,156,857$695,380$3,102,053
88$5,062,873$1,171,654$676,787$3,344,812
89$5,536,078$1,185,857$656,251$3,610,934
90$6,056,189$1,199,395$633,666$3,902,796
91$6,627,947$1,212,192$608,921$4,223,016
92$7,256,576$1,224,168$581,898$4,574,482
93$7,947,832$1,235,237$552,477$4,960,376
94$8,708,055$1,245,308$520,529$5,384,209
95$9,544,231$1,254,282$485,921$5,849,850
96$10,464,058$1,262,058$448,515$6,361,564
97$11,476,016$1,268,523$408,164$6,924,054
98$12,589,449$1,273,560$364,718$7,542,505
99$13,814,654$1,277,045$318,016$8,222,633
100$15,162,973$1,278,845$267,895$8,970,738