Can I retire at age 66 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$60,778$60,237$59,709$59,193$58,690$57,224
2 years$30,088$29,528$28,985$28,458$27,947$26,481
3 years$19,860$19,297$18,755$18,233$17,731$16,308
4 years$14,746$14,185$13,649$13,136$12,646$11,278
5 years$11,679$11,121$10,592$10,090$9,613$8,305
6 years$9,635$9,081$8,560$8,069$7,607$6,358
7 years$8,175$7,627$7,113$6,634$6,186$4,998
8 years$7,081$6,537$6,033$5,565$5,132$4,004
9 years$6,231$5,692$5,196$4,740$4,322$3,253
10 years$5,551$5,017$4,530$4,086$3,683$2,671
11 years$4,995$4,467$3,988$3,556$3,167$2,212
12 years$4,532$4,009$3,539$3,119$2,745$1,843
13 years$4,140$3,623$3,162$2,754$2,393$1,545
14 years$3,805$3,293$2,841$2,444$2,098$1,300
15 years$3,515$3,008$2,565$2,180$1,847$1,099
16 years$3,261$2,760$2,326$1,952$1,633$931
17 years$3,037$2,542$2,116$1,754$1,448$791
18 years$2,838$2,349$1,932$1,581$1,287$673
19 years$2,661$2,177$1,769$1,428$1,147$574
20 years$2,501$2,023$1,623$1,293$1,025$490
21 years$2,357$1,884$1,493$1,174$917$419
22 years$2,226$1,759$1,376$1,067$822$359
23 years$2,107$1,645$1,271$972$738$307
24 years$1,998$1,541$1,175$887$663$263
25 years$1,898$1,446$1,088$810$597$226
26 years$1,805$1,359$1,009$740$538$194
27 years$1,720$1,279$937$678$485$167
28 years$1,640$1,206$871$621$437$143
29 years$1,567$1,137$811$569$395$123
30 years$1,498$1,074$755$523$357$106
31 years$1,434$1,015$704$480$323$91
32 years$1,374$961$657$441$292$78
33 years$1,318$910$613$406$264$67
34 years$1,265$862$573$373$239$58
35 years$1,216$818$536$344$217$50
36 years$1,169$776$501$316$196$43
37 years$1,125$737$469$291$178$37
38 years$1,083$701$439$269$161$32
39 years$1,044$666$412$248$146$27
40 years$1,006$634$386$228$133$24
41 years$971$603$362$211$120$20
42 years$937$575$339$195$109$17
43 years$905$548$318$180$99$15
44 years$874$522$299$166$90$13
45 years$845$498$281$153$82$11
46 years$818$475$264$141$74$10
47 years$791$453$248$131$67$8
48 years$766$433$233$121$61$7
49 years$742$413$219$112$56$6
50 years$719$395$206$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $736,000, adding $6,570 every year, while hoping to spend $22,058 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: 61/28/11 Blend
65$736,000$736,000$736,000$736,000
66$817,849$778,841$767,433$865,242
67$877,800$793,535$769,672$912,521
68$943,127$808,209$771,248$960,983
69$1,014,354$822,840$772,113$1,013,320
70$1,092,060$837,401$772,221$1,069,907
71$1,176,881$851,864$771,521$1,131,159
72$1,269,517$866,199$769,960$1,197,530
73$1,370,738$880,373$767,484$1,269,523
74$1,481,393$894,352$764,035$1,347,692
75$1,602,416$908,096$759,552$1,432,647
76$1,734,837$921,567$753,970$1,525,060
77$1,879,787$934,720$747,225$1,625,673
78$2,038,513$947,510$739,245$1,735,302
79$2,212,390$959,886$729,959$1,854,847
80$2,402,930$971,797$719,288$1,985,303
81$2,611,798$983,184$707,154$2,127,762
82$2,840,830$993,989$693,472$2,283,430
83$3,092,046$1,004,145$678,154$2,453,638
84$3,367,671$1,013,585$661,109$2,639,851
85$3,670,158$1,022,235$642,241$2,843,683
86$4,002,206$1,030,017$621,448$3,066,918
87$4,366,791$1,036,847$598,626$3,311,517
88$4,767,189$1,042,637$573,665$3,579,644
89$5,207,009$1,047,293$546,450$3,873,687
90$5,690,228$1,050,715$516,860$4,196,274
91$6,221,227$1,052,796$484,770$4,550,305
92$6,804,831$1,053,422$450,049$4,938,976
93$7,446,358$1,052,474$412,560$5,365,811
94$8,151,665$1,049,823$372,159$5,834,692
95$8,927,205$1,045,335$328,697$6,349,902
96$9,780,088$1,038,864$282,016$6,916,161
97$10,718,148$1,030,260$231,955$7,538,670
98$11,750,016$1,019,359$178,342$8,223,164
99$12,885,200$1,005,991$121,000$8,975,966
100$14,134,179$989,973$59,742$9,804,045