Can I retire at age 66 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$61,191$60,646$60,114$59,595$59,088$58,618
2 years$30,293$29,728$29,182$28,652$28,137$27,663
3 years$19,994$19,428$18,882$18,357$17,851$17,388
4 years$14,846$14,282$13,742$13,225$12,732$12,283
5 years$11,758$11,197$10,664$10,158$9,679$9,245
6 years$9,700$9,143$8,618$8,124$7,658$7,241
7 years$8,231$7,678$7,162$6,679$6,228$5,828
8 years$7,129$6,582$6,074$5,603$5,167$4,783
9 years$6,273$5,731$5,231$4,772$4,351$3,984
10 years$5,588$5,051$4,561$4,114$3,708$3,356
11 years$5,029$4,497$4,015$3,580$3,189$2,854
12 years$4,562$4,036$3,563$3,140$2,763$2,444
13 years$4,168$3,647$3,184$2,772$2,410$2,105
14 years$3,831$3,315$2,861$2,461$2,112$1,823
15 years$3,538$3,029$2,583$2,195$1,860$1,585
16 years$3,283$2,779$2,342$1,965$1,644$1,383
17 years$3,058$2,559$2,131$1,766$1,457$1,210
18 years$2,858$2,365$1,945$1,591$1,296$1,062
19 years$2,679$2,192$1,781$1,438$1,155$934
20 years$2,518$2,037$1,634$1,302$1,032$823
21 years$2,373$1,897$1,503$1,182$923$726
22 years$2,242$1,771$1,385$1,075$828$642
23 years$2,121$1,656$1,279$979$743$568
24 years$2,011$1,552$1,183$893$668$503
25 years$1,910$1,456$1,096$815$601$446
26 years$1,817$1,369$1,016$745$541$396
27 years$1,731$1,288$944$682$488$352
28 years$1,652$1,214$877$625$440$313
29 years$1,577$1,145$816$573$398$278
30 years$1,508$1,081$760$526$359$248
31 years$1,444$1,022$709$483$325$220
32 years$1,384$967$661$444$294$196
33 years$1,327$916$618$408$266$175
34 years$1,274$868$577$376$241$156
35 years$1,224$823$539$346$218$139
36 years$1,177$782$505$319$198$124
37 years$1,132$742$472$293$179$111
38 years$1,090$705$442$270$162$99
39 years$1,051$671$414$249$147$88
40 years$1,013$638$388$230$134$79
41 years$977$608$364$212$121$70
42 years$943$579$342$196$110$63
43 years$911$551$321$181$100$56
44 years$880$525$301$167$91$50
45 years$851$501$283$154$82$45
46 years$823$478$265$142$75$40
47 years$797$456$249$132$68$36
48 years$771$435$234$122$62$32
49 years$747$416$220$112$56$28
50 years$723$397$207$104$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $741,000, adding $5,099 every year, while hoping to spend $34,020 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: 39/48/13 Blend
65$741,000$741,000$741,000$741,000
66$821,842$782,569$771,083$850,493
67$869,472$784,717$760,717$873,458
68$920,821$785,831$748,864$894,572
69$976,232$785,824$735,438$916,658
70$1,036,081$784,603$720,348$939,820
71$1,100,783$782,070$703,502$964,174
72$1,170,795$778,123$684,801$989,851
73$1,246,615$772,651$664,142$1,016,996
74$1,328,797$765,537$641,417$1,045,774
75$1,417,944$756,658$616,514$1,076,367
76$1,514,722$745,883$589,316$1,108,979
77$1,619,865$733,072$559,699$1,143,840
78$1,734,178$718,079$527,535$1,181,204
79$1,858,546$700,748$492,690$1,221,355
80$1,993,946$680,913$455,023$1,264,611
81$2,141,451$658,399$414,389$1,311,326
82$2,302,241$633,022$370,632$1,361,892
83$2,477,615$604,587$323,594$1,416,750
84$2,669,005$572,885$273,108$1,476,386
85$2,877,985$537,697$218,999$1,541,345
86$3,106,288$498,794$161,084$1,612,230
87$3,355,823$455,928$99,174$1,689,713
88$3,628,691$408,842$33,069$1,774,539
89$3,927,203$357,261$0$1,867,537
90$4,253,909$300,897$0$1,974,826
91$4,611,611$239,445$0$2,097,461
92$5,003,399$172,581$0$2,232,016
93$5,432,673$99,965$0$2,379,781
94$5,903,180$21,238$0$2,542,184
95$6,419,043$0$0$2,720,807
96$6,984,808$0$0$2,951,194
97$7,605,478$0$0$3,216,348
98$8,286,566$0$0$3,507,417
99$9,034,142$0$0$3,827,009
100$9,854,895$0$0$4,177,999