Can I retire at age 65 with 706,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$58,301$57,782$57,275$56,780$56,297$54,627
2 years$28,862$28,324$27,803$27,298$26,808$25,139
3 years$19,050$18,510$17,991$17,490$17,008$15,392
4 years$14,145$13,607$13,093$12,601$12,130$10,581
5 years$11,203$10,668$10,160$9,679$9,221$7,742
6 years$9,242$8,711$8,211$7,740$7,297$5,889
7 years$7,842$7,316$6,823$6,364$5,934$4,598
8 years$6,793$6,271$5,787$5,338$4,923$3,657
9 years$5,977$5,460$4,984$4,547$4,146$2,949
10 years$5,324$4,813$4,345$3,920$3,532$2,404
11 years$4,791$4,284$3,826$3,411$3,038$1,975
12 years$4,347$3,845$3,395$2,992$2,633$1,633
13 years$3,971$3,475$3,033$2,642$2,296$1,358
14 years$3,650$3,159$2,725$2,345$2,012$1,134
15 years$3,371$2,886$2,461$2,091$1,772$950
16 years$3,128$2,648$2,231$1,872$1,566$798
17 years$2,913$2,438$2,030$1,682$1,389$672
18 years$2,723$2,253$1,853$1,516$1,235$567
19 years$2,553$2,088$1,697$1,370$1,100$479
20 years$2,399$1,940$1,557$1,241$983$405
21 years$2,261$1,807$1,432$1,126$880$343
22 years$2,136$1,687$1,320$1,024$788$291
23 years$2,021$1,578$1,219$932$708$247
24 years$1,916$1,478$1,127$850$636$210
25 years$1,820$1,387$1,044$777$572$178
26 years$1,731$1,304$968$710$516$152
27 years$1,650$1,227$899$650$465$129
28 years$1,574$1,156$836$596$419$110
29 years$1,503$1,091$778$546$379$93
30 years$1,437$1,030$724$501$342$79
31 years$1,376$974$675$460$309$68
32 years$1,318$922$630$423$280$58
33 years$1,264$873$588$389$253$49
34 years$1,214$827$550$358$229$42
35 years$1,166$785$514$330$208$36
36 years$1,121$745$481$303$188$30
37 years$1,079$707$450$280$171$26
38 years$1,039$672$421$258$155$22
39 years$1,001$639$395$238$140$19
40 years$965$608$370$219$127$16
41 years$931$579$347$202$115$14
42 years$899$551$326$187$105$12
43 years$868$525$305$172$95$10
44 years$839$501$287$159$86$8
45 years$811$477$269$147$78$7
46 years$784$455$253$136$71$6
47 years$759$435$238$125$65$5
48 years$735$415$223$116$59$4
49 years$712$396$210$107$53$4
50 years$689$378$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $706,000, adding $3,372 every year, while hoping to spend $46,211 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: 69/21/10 Blend
64$706,000$706,000$706,000$706,000
65$781,490$744,072$733,129$833,618
66$812,034$731,364$708,521$855,923
67$844,145$716,483$681,539$874,403
68$877,933$699,277$652,056$893,392
69$913,520$679,579$619,938$912,931
70$951,036$657,216$585,044$933,068
71$990,626$632,004$547,227$953,857
72$1,032,446$603,748$506,335$975,357
73$1,076,666$572,242$462,207$997,636
74$1,123,472$537,267$414,677$1,020,771
75$1,173,067$498,595$363,570$1,044,848
76$1,225,673$455,979$308,703$1,069,963
77$1,281,533$409,164$249,886$1,096,223
78$1,340,913$357,876$186,920$1,123,751
79$1,404,102$301,828$119,598$1,152,683
80$1,471,418$240,715$47,702$1,183,171
81$1,543,210$174,217$0$1,215,386
82$1,619,858$101,995$0$1,252,615
83$1,701,780$23,690$0$1,297,608
84$1,789,435$0$0$1,345,535
85$1,883,324$0$0$1,410,803
86$1,983,997$0$0$1,486,684
87$2,092,059$0$0$1,568,162
88$2,208,173$0$0$1,655,741
89$2,333,066$0$0$1,749,973
90$2,467,537$0$0$1,851,465
91$2,612,465$0$0$1,960,884
92$2,768,811$0$0$2,078,961
93$2,937,637$0$0$2,206,501
94$3,120,104$0$0$2,344,388
95$3,317,492$0$0$2,493,594
96$3,531,207$0$0$2,655,186
97$3,762,793$0$0$2,830,338
98$4,013,951$0$0$3,020,343
99$4,286,548$0$0$3,226,619
100$4,582,639$0$0$3,450,728