Can I retire at age 66 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$59,622$59,091$58,573$58,067$57,573$55,797
2 years$29,516$28,966$28,433$27,917$27,416$25,642
3 years$19,482$18,930$18,398$17,887$17,394$15,678
4 years$14,466$13,915$13,389$12,886$12,405$10,761
5 years$11,457$10,910$10,391$9,898$9,430$7,861
6 years$9,452$8,909$8,397$7,915$7,462$5,969
7 years$8,020$7,481$6,978$6,508$6,069$4,653
8 years$6,947$6,413$5,918$5,459$5,034$3,694
9 years$6,112$5,584$5,097$4,650$4,240$2,974
10 years$5,445$4,922$4,444$4,008$3,612$2,419
11 years$4,900$4,382$3,912$3,488$3,107$1,984
12 years$4,445$3,933$3,472$3,060$2,692$1,638
13 years$4,061$3,554$3,102$2,701$2,348$1,359
14 years$3,732$3,230$2,787$2,398$2,058$1,132
15 years$3,448$2,951$2,516$2,139$1,812$946
16 years$3,199$2,708$2,282$1,915$1,601$793
17 years$2,979$2,494$2,076$1,720$1,420$666
18 years$2,784$2,304$1,895$1,551$1,263$561
19 years$2,610$2,135$1,735$1,401$1,125$473
20 years$2,454$1,984$1,592$1,269$1,005$399
21 years$2,312$1,848$1,465$1,152$900$337
22 years$2,184$1,725$1,350$1,047$806$286
23 years$2,067$1,614$1,246$954$724$242
24 years$1,960$1,512$1,153$870$651$205
25 years$1,861$1,419$1,068$794$585$174
26 years$1,771$1,334$990$726$527$147
27 years$1,687$1,255$919$665$475$125
28 years$1,609$1,183$855$609$429$106
29 years$1,537$1,116$795$559$387$90
30 years$1,470$1,054$741$513$350$76
31 years$1,407$996$691$471$316$65
32 years$1,348$942$644$433$286$55
33 years$1,293$892$602$398$259$47
34 years$1,241$846$562$366$235$40
35 years$1,193$802$526$337$212$34
36 years$1,147$761$492$310$192$29
37 years$1,103$723$460$286$174$24
38 years$1,062$687$431$264$158$21
39 years$1,024$654$404$243$143$18
40 years$987$622$378$224$130$15
41 years$952$592$355$207$118$13
42 years$919$564$333$191$107$11
43 years$888$537$312$176$97$9
44 years$858$512$293$163$88$8
45 years$829$488$275$150$80$7
46 years$802$466$259$139$73$6
47 years$776$444$243$128$66$5
48 years$751$424$228$118$60$4
49 years$728$405$215$109$54$3
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $722,000, adding $2,347 every year, while hoping to spend $29,730 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: 67/7/26 Blend
65$722,000$722,000$722,000$722,000
66$798,065$759,799$748,608$845,999
67$847,835$765,397$742,054$884,137
68$901,685$770,272$734,284$922,247
69$960,001$774,359$725,225$963,252
70$1,023,204$777,585$714,804$1,007,439
71$1,091,760$779,877$702,939$1,055,125
72$1,166,181$781,152$689,549$1,106,660
73$1,247,029$781,326$674,547$1,162,428
74$1,334,924$780,309$657,842$1,222,858
75$1,430,546$778,004$639,339$1,288,418
76$1,534,644$774,309$618,940$1,359,627
77$1,648,043$769,115$596,540$1,437,060
78$1,771,650$762,309$572,030$1,521,348
79$1,906,464$753,767$545,298$1,613,188
80$2,053,583$743,361$516,225$1,713,352
81$2,214,216$730,954$484,687$1,822,689
82$2,389,696$716,400$450,554$1,942,136
83$2,581,489$699,547$413,691$2,072,729
84$2,791,207$680,232$373,956$2,215,608
85$3,020,629$658,282$331,203$2,372,035
86$3,271,710$633,515$285,275$2,543,399
87$3,546,606$605,738$236,013$2,731,233
88$3,847,688$574,747$183,247$2,937,229
89$4,177,569$540,327$126,803$3,163,252
90$4,539,126$502,249$66,497$3,411,362
91$4,935,529$460,271$2,136$3,683,830
92$5,370,268$414,139$0$3,983,159
93$5,847,187$363,583$0$4,330,574
94$6,370,519$308,318$0$4,712,493
95$6,944,929$248,042$0$5,131,743
96$7,575,555$182,439$0$5,592,095
97$8,268,054$111,172$0$6,097,701
98$9,028,663$33,886$0$6,653,138
99$9,864,247$0$0$7,263,449
100$10,782,373$0$0$7,938,024