Can I retire at age 66 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$62,512$61,956$61,412$60,882$60,364$59,759
2 years$30,947$30,370$29,812$29,270$28,745$28,135
3 years$20,426$19,847$19,290$18,754$18,237$17,642
4 years$15,167$14,590$14,038$13,511$13,007$12,431
5 years$12,012$11,439$10,894$10,378$9,888$9,332
6 years$9,910$9,341$8,804$8,299$7,824$7,290
7 years$8,409$7,844$7,316$6,823$6,363$5,851
8 years$7,283$6,724$6,205$5,724$5,278$4,788
9 years$6,408$5,854$5,344$4,875$4,445$3,976
10 years$5,709$5,160$4,659$4,203$3,788$3,340
11 years$5,137$4,594$4,102$3,658$3,257$2,831
12 years$4,661$4,123$3,640$3,208$2,823$2,417
13 years$4,258$3,726$3,252$2,832$2,462$2,075
14 years$3,913$3,387$2,922$2,514$2,158$1,791
15 years$3,615$3,094$2,638$2,242$1,900$1,552
16 years$3,354$2,839$2,392$2,008$1,679$1,350
17 years$3,124$2,614$2,177$1,804$1,489$1,177
18 years$2,919$2,416$1,987$1,626$1,324$1,029
19 years$2,737$2,239$1,819$1,469$1,180$902
20 years$2,573$2,081$1,669$1,330$1,054$792
21 years$2,425$1,938$1,536$1,207$943$696
22 years$2,290$1,809$1,415$1,098$845$613
23 years$2,167$1,692$1,307$1,000$759$540
24 years$2,055$1,585$1,209$912$682$477
25 years$1,952$1,488$1,119$833$614$421
26 years$1,857$1,398$1,038$761$553$373
27 years$1,769$1,316$964$697$498$330
28 years$1,687$1,240$896$639$450$292
29 years$1,611$1,170$834$586$406$259
30 years$1,541$1,105$777$537$367$229
31 years$1,475$1,044$724$494$332$203
32 years$1,413$988$676$454$300$180
33 years$1,356$936$631$417$272$160
34 years$1,301$887$589$384$246$142
35 years$1,250$841$551$353$223$126
36 years$1,202$798$516$325$202$112
37 years$1,157$758$483$300$183$99
38 years$1,114$721$452$276$166$88
39 years$1,073$685$423$255$150$78
40 years$1,035$652$397$235$136$70
41 years$998$621$372$217$124$62
42 years$964$591$349$200$112$55
43 years$931$563$328$185$102$49
44 years$899$537$307$171$92$44
45 years$870$512$289$158$84$39
46 years$841$488$271$146$76$34
47 years$814$466$255$134$69$31
48 years$788$445$239$124$63$27
49 years$763$425$225$115$57$24
50 years$739$406$212$106$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $757,000, adding $5,713 every year, while hoping to spend $53,543 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: 66/28/6 Blend
65$757,000$757,000$757,000$757,000
66$840,107$799,986$788,252$894,389
67$868,829$782,216$757,690$913,384
68$898,685$761,781$724,308$927,177
69$929,736$738,493$687,958$940,820
70$962,045$712,155$648,480$954,294
71$995,680$682,557$605,710$967,575
72$1,030,714$649,476$559,476$980,641
73$1,067,225$612,680$509,598$993,470
74$1,105,300$571,919$455,887$1,006,039
75$1,145,028$526,931$398,147$1,018,325
76$1,186,509$477,438$336,173$1,030,306
77$1,229,849$423,148$269,750$1,041,960
78$1,275,162$363,751$198,655$1,053,265
79$1,322,573$298,919$122,655$1,064,203
80$1,372,216$228,307$41,505$1,074,753
81$1,424,238$151,550$0$1,084,900
82$1,478,795$68,260$0$1,097,515
83$1,536,059$0$0$1,112,723
84$1,596,217$0$0$1,134,642
85$1,659,471$0$0$1,179,818
86$1,726,040$0$0$1,227,380
87$1,796,164$0$0$1,277,501
88$1,870,105$0$0$1,330,369
89$1,948,145$0$0$1,386,191
90$2,030,595$0$0$1,445,190
91$2,117,792$0$0$1,507,612
92$2,210,107$0$0$1,573,724
93$2,307,940$0$0$1,643,818
94$2,411,734$0$0$1,718,213
95$2,521,968$0$0$1,797,258
96$2,639,170$0$0$1,881,335
97$2,763,915$0$0$1,970,862
98$2,896,834$0$0$2,066,296
99$3,038,617$0$0$2,168,138
100$3,190,021$0$0$2,276,936