Can I retire at age 66 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$60,118$59,582$59,060$58,550$58,052$56,717
2 years$29,761$29,207$28,670$28,149$27,644$26,307
3 years$19,644$19,087$18,551$18,035$17,538$16,241
4 years$14,586$14,031$13,501$12,993$12,508$11,260
5 years$11,552$11,000$10,477$9,980$9,509$8,313
6 years$9,530$8,983$8,467$7,981$7,524$6,382
7 years$8,087$7,544$7,036$6,562$6,119$5,031
8 years$7,004$6,466$5,967$5,505$5,076$4,042
9 years$6,163$5,630$5,139$4,689$4,275$3,293
10 years$5,490$4,963$4,481$4,042$3,642$2,713
11 years$4,940$4,418$3,945$3,517$3,133$2,253
12 years$4,482$3,965$3,501$3,085$2,715$1,885
13 years$4,095$3,583$3,128$2,724$2,367$1,585
14 years$3,763$3,257$2,810$2,418$2,075$1,338
15 years$3,476$2,976$2,537$2,156$1,827$1,135
16 years$3,225$2,730$2,300$1,931$1,615$965
17 years$3,004$2,514$2,093$1,735$1,432$823
18 years$2,808$2,323$1,911$1,563$1,273$703
19 years$2,632$2,153$1,749$1,413$1,135$601
20 years$2,474$2,001$1,606$1,279$1,014$516
21 years$2,332$1,864$1,477$1,161$907$443
22 years$2,202$1,740$1,361$1,056$813$380
23 years$2,084$1,627$1,257$962$730$327
24 years$1,976$1,525$1,162$877$656$281
25 years$1,877$1,431$1,076$801$590$242
26 years$1,785$1,345$998$732$532$209
27 years$1,701$1,265$927$670$479$180
28 years$1,623$1,192$862$614$433$155
29 years$1,550$1,125$802$563$391$134
30 years$1,482$1,062$747$517$353$116
31 years$1,419$1,004$696$475$319$100
32 years$1,359$950$650$436$289$86
33 years$1,304$900$607$401$261$75
34 years$1,252$853$567$369$236$64
35 years$1,202$809$530$340$214$56
36 years$1,156$768$496$313$194$48
37 years$1,113$729$464$288$176$42
38 years$1,071$693$435$266$159$36
39 years$1,032$659$407$245$145$31
40 years$995$627$382$226$131$27
41 years$960$597$358$209$119$23
42 years$927$568$336$192$108$20
43 years$895$542$315$178$98$17
44 years$865$516$296$164$89$15
45 years$836$492$278$151$81$13
46 years$809$470$261$140$73$11
47 years$783$448$245$129$67$10
48 years$758$428$230$119$60$8
49 years$734$409$216$110$55$7
50 years$711$390$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $728,000, adding $2,993 every year, while hoping to spend $55,721 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: 40/31/29 Blend
65$728,000$728,000$728,000$728,000
66$805,343$766,759$755,475$830,562
67$828,202$745,044$721,497$827,491
68$851,524$720,397$684,513$818,794
69$875,299$692,616$644,363$808,333
70$899,512$661,486$600,882$795,982
71$924,144$626,782$553,894$781,606
72$949,176$588,262$503,218$765,065
73$974,579$545,675$448,664$746,206
74$1,000,325$498,751$390,032$724,871
75$1,026,376$447,208$327,116$700,888
76$1,052,691$390,746$259,699$674,078
77$1,079,221$329,048$187,555$644,248
78$1,105,910$261,780$110,447$611,195
79$1,132,695$188,590$28,129$574,702
80$1,159,503$109,103$0$534,538
81$1,186,250$22,927$0$508,938
82$1,212,842$0$0$489,651
83$1,239,173$0$0$491,773
84$1,265,123$0$0$501,496
85$1,290,555$0$0$510,938
86$1,315,317$0$0$520,028
87$1,339,239$0$0$528,690
88$1,362,128$0$0$536,837
89$1,383,769$0$0$544,374
90$1,403,924$0$0$551,192
91$1,422,323$0$0$557,171
92$1,438,667$0$0$562,177
93$1,452,624$0$0$566,062
94$1,463,821$0$0$568,659
95$1,471,846$0$0$569,783
96$1,476,239$0$0$569,231
97$1,476,489$0$0$566,774
98$1,472,030$0$0$562,160
99$1,462,231$0$0$555,110
100$1,446,394$0$0$545,311