Can I retire at age 66 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$61,439$60,892$60,358$59,836$59,328$57,291
2 years$30,415$29,849$29,300$28,768$28,251$26,220
3 years$20,075$19,507$18,959$18,432$17,924$15,962
4 years$14,907$14,339$13,797$13,279$12,783$10,906
5 years$11,806$11,242$10,707$10,200$9,718$7,929
6 years$9,740$9,180$8,653$8,157$7,689$5,992
7 years$8,264$7,709$7,191$6,706$6,253$4,646
8 years$7,158$6,608$6,098$5,626$5,188$3,670
9 years$6,298$5,754$5,252$4,792$4,369$2,938
10 years$5,611$5,072$4,579$4,130$3,723$2,376
11 years$5,049$4,515$4,031$3,595$3,202$1,938
12 years$4,581$4,052$3,578$3,153$2,774$1,590
13 years$4,185$3,662$3,197$2,784$2,419$1,311
14 years$3,846$3,329$2,872$2,471$2,121$1,085
15 years$3,553$3,041$2,593$2,204$1,867$901
16 years$3,296$2,790$2,351$1,973$1,650$751
17 years$3,070$2,570$2,139$1,773$1,463$627
18 years$2,869$2,374$1,953$1,598$1,301$524
19 years$2,690$2,201$1,788$1,444$1,160$439
20 years$2,529$2,045$1,641$1,308$1,036$368
21 years$2,383$1,905$1,509$1,187$927$309
22 years$2,251$1,778$1,391$1,079$831$259
23 years$2,130$1,663$1,284$983$746$218
24 years$2,020$1,558$1,188$896$670$183
25 years$1,918$1,462$1,100$818$603$154
26 years$1,825$1,374$1,020$748$543$130
27 years$1,738$1,293$947$685$490$109
28 years$1,658$1,219$881$628$442$92
29 years$1,584$1,150$820$576$399$78
30 years$1,514$1,086$763$528$361$66
31 years$1,450$1,026$712$485$326$55
32 years$1,389$971$664$446$295$47
33 years$1,332$920$620$410$267$39
34 years$1,279$872$579$377$242$33
35 years$1,229$827$542$347$219$28
36 years$1,182$785$507$320$198$24
37 years$1,137$745$474$295$180$20
38 years$1,095$708$444$272$163$17
39 years$1,055$674$416$250$148$14
40 years$1,017$641$390$231$134$12
41 years$981$610$366$213$122$10
42 years$947$581$343$197$110$9
43 years$915$553$322$182$100$7
44 years$884$528$302$168$91$6
45 years$855$503$284$155$83$5
46 years$827$480$266$143$75$4
47 years$800$458$250$132$68$4
48 years$774$437$235$122$62$3
49 years$750$418$221$113$56$3
50 years$726$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $744,000, adding $6,780 every year, while hoping to spend $48,650 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: 61/25/14 Blend
65$744,000$744,000$744,000$744,000
66$826,882$787,450$775,918$874,069
67$859,460$774,271$750,148$893,435
68$893,731$758,817$721,884$908,460
69$929,816$740,923$690,991$923,688
70$967,847$720,418$657,329$939,142
71$1,007,967$697,118$620,749$954,850
72$1,050,334$670,831$581,098$970,845
73$1,095,118$641,352$538,215$987,165
74$1,142,506$608,464$491,931$1,003,854
75$1,192,702$571,939$442,071$1,020,964
76$1,245,928$531,534$388,451$1,038,554
77$1,302,427$486,994$330,879$1,056,694
78$1,362,466$438,048$269,154$1,075,463
79$1,426,336$384,410$203,069$1,094,950
80$1,494,354$325,779$132,404$1,115,260
81$1,566,870$261,834$56,932$1,136,510
82$1,644,266$192,239$0$1,158,835
83$1,726,959$116,637$0$1,185,913
84$1,815,409$34,652$0$1,223,695
85$1,910,119$0$0$1,263,901
86$2,011,639$0$0$1,321,678
87$2,120,575$0$0$1,393,944
88$2,237,591$0$0$1,471,610
89$2,363,414$0$0$1,555,166
90$2,498,846$0$0$1,645,149
91$2,644,765$0$0$1,742,147
92$2,802,134$0$0$1,846,809
93$2,972,015$0$0$1,959,846
94$3,155,572$0$0$2,082,040
95$3,354,084$0$0$2,214,249
96$3,568,959$0$0$2,357,419
97$3,801,744$0$0$2,512,587
98$4,054,137$0$0$2,680,896
99$4,328,011$0$0$2,863,601
100$4,625,420$0$0$3,062,084