Can I retire at age 66 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$59,952$59,418$58,897$58,389$57,892$56,886
2 years$29,679$29,127$28,591$28,072$27,568$26,558
3 years$19,590$19,035$18,500$17,986$17,490$16,507
4 years$14,546$13,992$13,463$12,958$12,474$11,526
5 years$11,520$10,970$10,448$9,953$9,483$8,572
6 years$9,504$8,958$8,444$7,959$7,503$6,631
7 years$8,064$7,523$7,017$6,544$6,102$5,269
8 years$6,985$6,449$5,951$5,489$5,062$4,268
9 years$6,146$5,615$5,125$4,676$4,263$3,507
10 years$5,475$4,949$4,468$4,031$3,632$2,913
11 years$4,927$4,406$3,934$3,508$3,124$2,442
12 years$4,470$3,954$3,491$3,077$2,707$2,061
13 years$4,084$3,574$3,119$2,716$2,361$1,749
14 years$3,753$3,248$2,803$2,411$2,069$1,491
15 years$3,467$2,967$2,530$2,150$1,822$1,277
16 years$3,216$2,723$2,294$1,925$1,610$1,096
17 years$2,996$2,507$2,088$1,730$1,428$944
18 years$2,800$2,317$1,906$1,559$1,270$815
19 years$2,625$2,147$1,745$1,409$1,132$705
20 years$2,467$1,995$1,601$1,276$1,011$610
21 years$2,325$1,859$1,473$1,158$905$530
22 years$2,196$1,735$1,357$1,053$811$460
23 years$2,078$1,623$1,253$959$728$400
24 years$1,971$1,520$1,159$875$654$348
25 years$1,872$1,427$1,074$799$589$303
26 years$1,781$1,341$996$730$530$264
27 years$1,696$1,262$925$668$478$230
28 years$1,618$1,189$859$612$431$201
29 years$1,545$1,122$800$562$390$176
30 years$1,478$1,059$745$515$352$153
31 years$1,415$1,002$695$473$318$134
32 years$1,356$948$648$435$288$117
33 years$1,300$897$605$400$260$102
34 years$1,248$851$565$368$236$89
35 years$1,199$807$529$339$214$78
36 years$1,153$766$494$312$194$68
37 years$1,110$727$463$288$175$60
38 years$1,068$691$433$265$159$52
39 years$1,029$657$406$244$144$46
40 years$993$625$381$225$131$40
41 years$958$595$357$208$119$35
42 years$924$567$335$192$108$31
43 years$893$540$314$177$98$27
44 years$863$515$295$164$89$24
45 years$834$491$277$151$81$21
46 years$807$468$260$140$73$18
47 years$780$447$244$129$66$16
48 years$756$427$230$119$60$14
49 years$732$407$216$110$55$12
50 years$709$389$203$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $726,000, adding $5,024 every year, while hoping to spend $34,992 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: 48/26/26 Blend
65$726,000$726,000$726,000$726,000
66$805,234$766,756$755,503$837,708
67$850,137$767,096$743,581$861,335
68$898,447$766,280$730,087$883,123
69$950,475$764,214$714,932$906,093
70$1,006,562$760,799$698,020$930,373
71$1,067,082$755,929$679,255$956,106
72$1,132,448$749,493$658,534$983,452
73$1,203,112$741,373$635,749$1,012,590
74$1,279,571$731,441$610,788$1,043,717
75$1,362,372$719,566$583,534$1,077,056
76$1,452,115$705,606$553,863$1,112,852
77$1,549,461$689,412$521,649$1,151,380
78$1,655,138$670,825$486,756$1,192,946
79$1,769,944$649,677$449,044$1,237,889
80$1,894,759$625,792$408,367$1,286,586
81$2,030,550$598,981$364,573$1,339,457
82$2,178,381$569,046$317,501$1,396,968
83$2,339,423$535,777$266,985$1,459,636
84$2,514,965$498,951$212,850$1,528,036
85$2,706,426$458,333$154,914$1,602,805
86$2,915,365$413,676$92,989$1,684,650
87$3,143,503$364,717$26,874$1,774,356
88$3,392,730$311,178$0$1,872,792
89$3,665,129$252,766$0$1,993,039
90$3,962,992$189,171$0$2,132,792
91$4,288,844$120,067$0$2,285,832
92$4,645,464$45,108$0$2,453,536
93$5,035,912$0$0$2,637,422
94$5,463,560$0$0$2,849,488
95$5,932,118$0$0$3,096,060
96$6,445,674$0$0$3,366,394
97$7,008,730$0$0$3,662,871
98$7,626,244$0$0$3,988,110
99$8,303,678$0$0$4,345,000
100$9,047,045$0$0$4,736,722