Can I retire at age 65 with 706,000?

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 $706,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$58,301$57,782$57,275$56,780$56,297$55,896
2 years$28,862$28,324$27,803$27,298$26,808$26,403
3 years$19,050$18,510$17,991$17,490$17,008$16,612
4 years$14,145$13,607$13,093$12,601$12,130$11,747
5 years$11,203$10,668$10,160$9,679$9,221$8,851
6 years$9,242$8,711$8,211$7,740$7,297$6,940
7 years$7,842$7,316$6,823$6,364$5,934$5,592
8 years$6,793$6,271$5,787$5,338$4,923$4,594
9 years$5,977$5,460$4,984$4,547$4,146$3,831
10 years$5,324$4,813$4,345$3,920$3,532$3,232
11 years$4,791$4,284$3,826$3,411$3,038$2,751
12 years$4,347$3,845$3,395$2,992$2,633$2,359
13 years$3,971$3,475$3,033$2,642$2,296$2,035
14 years$3,650$3,159$2,725$2,345$2,012$1,764
15 years$3,371$2,886$2,461$2,091$1,772$1,536
16 years$3,128$2,648$2,231$1,872$1,566$1,342
17 years$2,913$2,438$2,030$1,682$1,389$1,176
18 years$2,723$2,253$1,853$1,516$1,235$1,034
19 years$2,553$2,088$1,697$1,370$1,100$910
20 years$2,399$1,940$1,557$1,241$983$803
21 years$2,261$1,807$1,432$1,126$880$710
22 years$2,136$1,687$1,320$1,024$788$628
23 years$2,021$1,578$1,219$932$708$557
24 years$1,916$1,478$1,127$850$636$494
25 years$1,820$1,387$1,044$777$572$439
26 years$1,731$1,304$968$710$516$390
27 years$1,650$1,227$899$650$465$347
28 years$1,574$1,156$836$596$419$309
29 years$1,503$1,091$778$546$379$275
30 years$1,437$1,030$724$501$342$245
31 years$1,376$974$675$460$309$219
32 years$1,318$922$630$423$280$195
33 years$1,264$873$588$389$253$174
34 years$1,214$827$550$358$229$156
35 years$1,166$785$514$330$208$139
36 years$1,121$745$481$303$188$124
37 years$1,079$707$450$280$171$111
38 years$1,039$672$421$258$155$99
39 years$1,001$639$395$238$140$89
40 years$965$608$370$219$127$79
41 years$931$579$347$202$115$71
42 years$899$551$326$187$105$63
43 years$868$525$305$172$95$57
44 years$839$501$287$159$86$51
45 years$811$477$269$147$78$45
46 years$784$455$253$136$71$41
47 years$759$435$238$125$65$36
48 years$735$415$223$116$59$32
49 years$712$396$210$107$53$29
50 years$689$378$197$99$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $706,000, adding $4,367 every year, while hoping to spend $46,344 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: 44/38/18 Blend
64$706,000$706,000$706,000$706,000
65$782,517$745,099$734,156$812,700
66$813,024$732,299$709,440$821,533
67$845,089$717,318$682,343$826,177
68$878,823$700,002$652,737$830,235
69$914,345$680,184$620,486$833,675
70$951,786$657,691$585,450$836,463
71$991,287$632,337$547,481$838,569
72$1,033,004$603,927$506,427$839,961
73$1,077,105$572,254$462,127$840,608
74$1,123,774$537,099$414,413$840,481
75$1,173,213$498,230$363,110$839,554
76$1,225,641$455,404$308,034$837,801
77$1,281,299$408,361$248,996$835,200
78$1,340,449$356,829$185,795$831,734
79$1,403,379$300,518$118,223$827,387
80$1,470,404$239,122$46,063$822,150
81$1,541,866$172,321$0$816,020
82$1,618,145$99,773$0$814,942
83$1,699,653$21,120$0$822,814
84$1,786,844$0$0$830,846
85$1,880,213$0$0$865,889
86$1,980,306$0$0$912,980
87$2,087,720$0$0$963,575
88$2,203,111$0$0$1,017,991
89$2,327,199$0$0$1,076,576
90$2,460,774$0$0$1,139,711
91$2,604,704$0$0$1,207,816
92$2,759,943$0$0$1,281,350
93$2,927,537$0$0$1,360,821
94$3,108,636$0$0$1,446,785
95$3,304,507$0$0$1,539,851
96$3,516,538$0$0$1,640,694
97$3,746,258$0$0$1,750,052
98$3,995,347$0$0$1,868,738
99$4,265,653$0$0$1,997,645
100$4,559,207$0$0$2,137,757