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%12.1%
1 years$58,301$57,782$57,275$56,780$56,297$55,802
2 years$28,862$28,324$27,803$27,298$26,808$26,309
3 years$19,050$18,510$17,991$17,490$17,008$16,521
4 years$14,145$13,607$13,093$12,601$12,130$11,659
5 years$11,203$10,668$10,160$9,679$9,221$8,766
6 years$9,242$8,711$8,211$7,740$7,297$6,859
7 years$7,842$7,316$6,823$6,364$5,934$5,514
8 years$6,793$6,271$5,787$5,338$4,923$4,520
9 years$5,977$5,460$4,984$4,547$4,146$3,761
10 years$5,324$4,813$4,345$3,920$3,532$3,165
11 years$4,791$4,284$3,826$3,411$3,038$2,687
12 years$4,347$3,845$3,395$2,992$2,633$2,298
13 years$3,971$3,475$3,033$2,642$2,296$1,978
14 years$3,650$3,159$2,725$2,345$2,012$1,710
15 years$3,371$2,886$2,461$2,091$1,772$1,485
16 years$3,128$2,648$2,231$1,872$1,566$1,294
17 years$2,913$2,438$2,030$1,682$1,389$1,131
18 years$2,723$2,253$1,853$1,516$1,235$991
19 years$2,553$2,088$1,697$1,370$1,100$870
20 years$2,399$1,940$1,557$1,241$983$766
21 years$2,261$1,807$1,432$1,126$880$675
22 years$2,136$1,687$1,320$1,024$788$595
23 years$2,021$1,578$1,219$932$708$526
24 years$1,916$1,478$1,127$850$636$465
25 years$1,820$1,387$1,044$777$572$412
26 years$1,731$1,304$968$710$516$365
27 years$1,650$1,227$899$650$465$324
28 years$1,574$1,156$836$596$419$287
29 years$1,503$1,091$778$546$379$255
30 years$1,437$1,030$724$501$342$227
31 years$1,376$974$675$460$309$202
32 years$1,318$922$630$423$280$179
33 years$1,264$873$588$389$253$159
34 years$1,214$827$550$358$229$142
35 years$1,166$785$514$330$208$126
36 years$1,121$745$481$303$188$112
37 years$1,079$707$450$280$171$100
38 years$1,039$672$421$258$155$89
39 years$1,001$639$395$238$140$79
40 years$965$608$370$219$127$71
41 years$931$579$347$202$115$63
42 years$899$551$326$187$105$56
43 years$868$525$305$172$95$50
44 years$839$501$287$159$86$45
45 years$811$477$269$147$78$40
46 years$784$455$253$136$71$35
47 years$759$435$238$125$65$32
48 years$735$415$223$116$59$28
49 years$712$396$210$107$53$25
50 years$689$378$197$99$48$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $706,000, adding $3,942 every year, while hoping to spend $20,236 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: 43/49/8 Blend
64$706,000$706,000$706,000$706,000
65$782,078$744,660$733,717$813,735
66$840,319$759,618$736,766$851,079
67$903,823$774,630$739,238$889,140
68$973,104$789,678$741,094$929,907
69$1,048,730$804,742$742,290$973,636
70$1,131,326$819,799$742,782$1,020,608
71$1,221,578$834,827$742,523$1,071,132
72$1,320,245$849,799$741,463$1,125,550
73$1,428,158$864,687$739,550$1,184,238
74$1,546,236$879,463$736,731$1,247,612
75$1,675,489$894,093$732,948$1,316,128
76$1,817,029$908,544$728,142$1,390,292
77$1,972,081$922,778$722,250$1,470,660
78$2,141,995$936,755$715,207$1,557,844
79$2,328,255$950,433$706,943$1,652,523
80$2,532,499$963,767$697,388$1,755,441
81$2,756,530$976,706$686,466$1,867,422
82$3,002,331$989,200$674,098$1,989,373
83$3,272,090$1,001,192$660,201$2,122,294
84$3,568,215$1,012,623$644,690$2,267,290
85$3,893,360$1,023,428$627,474$2,425,578
86$4,250,447$1,033,541$608,459$2,598,499
87$4,642,696$1,042,887$587,545$2,787,534
88$5,073,653$1,051,391$564,630$2,994,315
89$5,547,226$1,058,970$539,606$3,220,644
90$6,067,719$1,065,536$512,359$3,468,505
91$6,639,875$1,070,995$482,772$3,740,088
92$7,268,919$1,075,250$450,720$4,037,807
93$7,960,605$1,078,194$416,077$4,364,326
94$8,721,277$1,079,716$378,705$4,722,580
95$9,557,921$1,079,696$338,466$5,115,809
96$10,478,235$1,078,008$295,211$5,547,583
97$11,490,702$1,074,517$248,787$6,021,839
98$12,604,667$1,069,081$199,035$6,542,920
99$13,830,426$1,061,550$145,786$7,115,614
100$15,179,326$1,051,761$88,865$7,745,199