Can I retire at age 66 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$61,356$60,810$60,277$59,756$59,248$58,123
2 years$30,374$29,809$29,260$28,729$28,213$27,084
3 years$20,048$19,480$18,933$18,407$17,900$16,802
4 years$14,886$14,320$13,779$13,261$12,766$11,708
5 years$11,790$11,227$10,693$10,186$9,705$8,689
6 years$9,727$9,168$8,641$8,146$7,679$6,707
7 years$8,253$7,699$7,181$6,697$6,245$5,317
8 years$7,149$6,600$6,090$5,618$5,181$4,297
9 years$6,290$5,746$5,245$4,785$4,363$3,522
10 years$5,603$5,065$4,573$4,125$3,718$2,919
11 years$5,042$4,509$4,026$3,590$3,197$2,440
12 years$4,575$4,047$3,573$3,149$2,771$2,054
13 years$4,179$3,657$3,192$2,780$2,416$1,739
14 years$3,841$3,324$2,868$2,468$2,118$1,479
15 years$3,548$3,037$2,590$2,201$1,865$1,262
16 years$3,292$2,786$2,348$1,971$1,648$1,081
17 years$3,066$2,566$2,136$1,771$1,461$928
18 years$2,865$2,371$1,950$1,596$1,299$799
19 years$2,686$2,198$1,785$1,442$1,158$689
20 years$2,525$2,042$1,639$1,306$1,034$595
21 years$2,380$1,902$1,507$1,185$926$515
22 years$2,248$1,776$1,389$1,078$830$446
23 years$2,127$1,661$1,283$981$745$386
24 years$2,017$1,556$1,186$895$669$335
25 years$1,916$1,460$1,099$817$602$291
26 years$1,822$1,372$1,019$747$543$253
27 years$1,736$1,292$946$684$489$220
28 years$1,656$1,217$880$627$441$191
29 years$1,582$1,148$819$575$399$166
30 years$1,512$1,084$762$527$360$145
31 years$1,448$1,025$711$484$326$126
32 years$1,387$970$663$445$295$110
33 years$1,331$918$619$409$267$96
34 years$1,277$870$579$377$241$83
35 years$1,227$826$541$347$219$73
36 years$1,180$784$506$319$198$63
37 years$1,136$744$474$294$180$55
38 years$1,093$707$444$271$163$48
39 years$1,054$673$416$250$148$42
40 years$1,016$640$389$231$134$37
41 years$980$609$365$213$121$32
42 years$946$580$343$196$110$28
43 years$914$553$321$181$100$24
44 years$883$527$302$167$91$21
45 years$853$502$283$155$82$18
46 years$825$479$266$143$75$16
47 years$799$457$250$132$68$14
48 years$773$437$235$122$62$12
49 years$749$417$221$113$56$11
50 years$725$398$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $743,000, adding $6,259 every year, while hoping to spend $53,939 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: 52/23/25 Blend
65$743,000$743,000$743,000$743,000
66$825,242$785,863$774,347$862,105
67$852,026$766,980$742,897$869,412
68$879,734$745,363$708,585$871,340
69$908,404$720,823$671,260$872,340
70$938,075$693,156$630,760$872,343
71$968,787$662,150$586,920$871,279
72$1,000,586$627,578$539,564$869,073
73$1,033,518$589,201$488,511$865,647
74$1,067,630$546,766$433,570$860,920
75$1,102,977$500,005$374,543$854,805
76$1,139,611$448,637$311,221$847,212
77$1,177,593$392,361$243,388$838,046
78$1,216,983$330,863$170,817$827,210
79$1,257,848$263,808$93,273$814,598
80$1,300,259$190,845$10,508$800,104
81$1,344,290$111,601$0$783,613
82$1,390,022$25,683$0$785,765
83$1,437,539$0$0$790,021
84$1,486,934$0$0$810,558
85$1,538,305$0$0$838,687
86$1,591,756$0$0$867,968
87$1,647,400$0$0$898,463
88$1,705,358$0$0$930,240
89$1,765,760$0$0$963,372
90$1,828,747$0$0$997,939
91$1,894,469$0$0$1,034,026
92$1,963,090$0$0$1,071,723
93$2,034,784$0$0$1,111,131
94$2,109,742$0$0$1,152,356
95$2,188,169$0$0$1,195,514
96$2,270,287$0$0$1,240,732
97$2,356,338$0$0$1,288,145
98$2,446,582$0$0$1,337,902
99$2,541,303$0$0$1,390,162
100$2,640,808$0$0$1,445,100