Can I retire at age 66 with 730,000?

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 $730,000?

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$60,283$59,746$59,222$58,711$58,211$57,723
2 years$29,843$29,287$28,748$28,226$27,720$27,228
3 years$19,698$19,139$18,602$18,085$17,586$17,106
4 years$14,626$14,070$13,538$13,029$12,543$12,078
5 years$11,584$11,031$10,506$10,008$9,535$9,086
6 years$9,556$9,007$8,490$8,003$7,545$7,113
7 years$8,109$7,564$7,055$6,580$6,136$5,721
8 years$7,024$6,484$5,984$5,520$5,090$4,693
9 years$6,180$5,646$5,154$4,702$4,287$3,907
10 years$5,505$4,976$4,493$4,053$3,652$3,289
11 years$4,954$4,430$3,956$3,527$3,141$2,795
12 years$4,495$3,976$3,510$3,094$2,722$2,392
13 years$4,106$3,593$3,136$2,731$2,374$2,059
14 years$3,774$3,266$2,818$2,425$2,081$1,782
15 years$3,486$2,984$2,544$2,162$1,832$1,548
16 years$3,234$2,738$2,307$1,936$1,619$1,350
17 years$3,012$2,521$2,099$1,740$1,436$1,181
18 years$2,815$2,330$1,916$1,568$1,277$1,035
19 years$2,639$2,159$1,754$1,417$1,138$910
20 years$2,481$2,006$1,610$1,283$1,016$801
21 years$2,338$1,869$1,481$1,164$910$707
22 years$2,208$1,745$1,365$1,059$815$624
23 years$2,090$1,632$1,260$964$732$552
24 years$1,982$1,529$1,165$879$658$489
25 years$1,882$1,435$1,079$803$592$433
26 years$1,790$1,348$1,001$734$533$384
27 years$1,706$1,269$930$672$481$341
28 years$1,627$1,196$864$616$434$303
29 years$1,554$1,128$804$565$392$269
30 years$1,486$1,065$749$518$354$239
31 years$1,422$1,007$698$476$320$213
32 years$1,363$953$652$437$289$189
33 years$1,307$902$608$402$262$169
34 years$1,255$855$568$370$237$150
35 years$1,206$811$531$341$215$134
36 years$1,159$770$497$314$195$119
37 years$1,116$731$465$289$176$106
38 years$1,074$695$436$266$160$95
39 years$1,035$661$408$246$145$84
40 years$998$629$383$227$132$75
41 years$963$598$359$209$119$67
42 years$929$570$337$193$108$60
43 years$898$543$316$178$98$53
44 years$867$518$296$164$89$48
45 years$839$494$278$152$81$42
46 years$811$471$261$140$74$38
47 years$785$449$246$130$67$34
48 years$760$429$231$120$61$30
49 years$736$410$217$111$55$27
50 years$713$391$204$102$50$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $730,000, adding $6,832 every year, while hoping to spend $40,846 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: 61/19/20 Blend
65$730,000$730,000$730,000$730,000
66$811,507$772,817$761,502$856,393
67$850,821$767,225$743,553$881,947
68$892,776$759,991$723,633$904,698
69$937,598$750,989$701,634$928,597
70$985,536$740,090$677,441$953,763
71$1,036,860$727,155$650,935$980,325
72$1,091,870$712,035$621,992$1,008,429
73$1,150,893$694,577$590,480$1,038,237
74$1,214,287$674,614$556,264$1,069,929
75$1,282,446$651,972$519,200$1,103,706
76$1,355,802$626,465$479,141$1,139,791
77$1,434,831$597,900$435,929$1,178,432
78$1,520,055$566,067$389,404$1,219,906
79$1,612,046$530,750$339,394$1,264,519
80$1,711,433$491,715$285,722$1,312,610
81$1,818,909$448,719$228,204$1,364,560
82$1,935,235$401,504$166,646$1,420,787
83$2,061,246$349,794$100,845$1,481,757
84$2,197,861$293,302$30,592$1,547,988
85$2,346,092$231,723$0$1,620,052
86$2,507,050$164,734$0$1,708,057
87$2,681,957$91,994$0$1,810,819
88$2,872,160$13,145$0$1,922,634
89$3,079,138$0$0$2,044,423
90$3,304,518$0$0$2,192,292
91$3,550,094$0$0$2,356,458
92$3,817,837$0$0$2,535,495
93$4,109,917$0$0$2,730,863
94$4,428,724$0$0$2,944,166
95$4,776,885$0$0$3,177,170
96$5,157,297$0$0$3,431,821
97$5,573,145$0$0$3,710,260
98$6,027,939$0$0$4,014,844
99$6,525,542$0$0$4,348,168
100$7,070,206$0$0$4,713,092