Can I retire at age 66 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$61,687$61,137$60,601$60,078$59,567$59,167
2 years$30,538$29,969$29,418$28,884$28,365$27,962
3 years$20,156$19,585$19,035$18,506$17,996$17,601
4 years$14,967$14,397$13,853$13,333$12,835$12,453
5 years$11,854$11,288$10,750$10,241$9,757$9,388
6 years$9,779$9,217$8,688$8,190$7,720$7,365
7 years$8,298$7,741$7,220$6,733$6,279$5,937
8 years$7,187$6,635$6,123$5,648$5,209$4,881
9 years$6,324$5,777$5,274$4,811$4,387$4,073
10 years$5,634$5,092$4,598$4,147$3,738$3,437
11 years$5,069$4,533$4,048$3,609$3,214$2,928
12 years$4,599$4,069$3,592$3,166$2,786$2,512
13 years$4,202$3,677$3,209$2,795$2,429$2,168
14 years$3,862$3,342$2,884$2,481$2,129$1,881
15 years$3,567$3,053$2,604$2,213$1,875$1,639
16 years$3,309$2,801$2,361$1,981$1,657$1,433
17 years$3,082$2,580$2,148$1,780$1,469$1,257
18 years$2,881$2,384$1,961$1,604$1,306$1,105
19 years$2,701$2,209$1,795$1,450$1,164$974
20 years$2,539$2,053$1,647$1,313$1,040$860
21 years$2,392$1,912$1,515$1,191$931$761
22 years$2,260$1,785$1,397$1,083$834$674
23 years$2,139$1,670$1,289$987$749$598
24 years$2,028$1,564$1,193$900$673$531
25 years$1,926$1,468$1,105$822$606$472
26 years$1,832$1,380$1,024$751$546$420
27 years$1,745$1,298$951$688$492$374
28 years$1,665$1,224$884$630$444$333
29 years$1,590$1,154$823$578$401$297
30 years$1,521$1,090$767$530$362$265
31 years$1,456$1,030$715$487$327$236
32 years$1,395$975$667$448$296$211
33 years$1,338$923$623$412$268$189
34 years$1,284$875$582$379$243$168
35 years$1,234$830$544$349$220$151
36 years$1,186$788$509$321$199$135
37 years$1,142$748$476$296$180$120
38 years$1,099$711$446$273$164$108
39 years$1,059$676$418$251$148$96
40 years$1,021$643$392$232$135$86
41 years$985$612$367$214$122$77
42 years$951$583$344$197$111$69
43 years$919$556$323$182$101$62
44 years$888$530$303$168$91$55
45 years$858$505$285$155$83$50
46 years$830$482$268$144$75$44
47 years$803$460$251$133$68$40
48 years$777$439$236$123$62$36
49 years$753$419$222$113$56$32
50 years$729$400$209$105$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $747,000, adding $6,436 every year, while hoping to spend $47,434 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: 38/34/28 Blend
65$747,000$747,000$747,000$747,000
66$829,833$790,242$778,663$854,248
67$864,006$778,494$754,279$861,013
68$900,076$764,581$727,488$863,505
69$938,184$748,347$698,160$865,293
70$978,489$729,625$666,158$866,342
71$1,021,159$708,241$631,339$866,621
72$1,066,382$684,010$593,553$866,099
73$1,114,361$656,735$552,646$864,745
74$1,165,320$626,208$508,453$862,532
75$1,219,501$592,211$460,804$859,435
76$1,277,170$554,510$409,522$855,430
77$1,338,621$512,860$354,420$850,499
78$1,404,171$467,001$295,304$844,627
79$1,474,172$416,659$231,972$837,803
80$1,549,006$361,544$164,212$830,024
81$1,629,094$301,349$91,802$821,293
82$1,714,897$235,750$14,512$811,620
83$1,806,919$164,405$0$801,026
84$1,905,718$86,954$0$809,848
85$2,011,900$3,013$0$823,770
86$2,126,134$0$0$838,586
87$2,249,154$0$0$887,309
88$2,381,766$0$0$941,124
89$2,524,856$0$0$999,271
90$2,679,395$0$0$1,062,158
91$2,846,453$0$0$1,130,229
92$3,027,204$0$0$1,203,976
93$3,222,940$0$0$1,283,936
94$3,435,080$0$0$1,370,702
95$3,665,186$0$0$1,464,926
96$3,914,973$0$0$1,567,325
97$4,186,332$0$0$1,678,687
98$4,481,337$0$0$1,799,881
99$4,802,275$0$0$1,931,860
100$5,151,660$0$0$2,075,676