Can I retire at age 65 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$59,127$58,600$58,086$57,585$57,095$55,557
2 years$29,271$28,725$28,197$27,685$27,188$25,650
3 years$19,320$18,772$18,245$17,738$17,249$15,758
4 years$14,346$13,800$13,278$12,779$12,302$10,870
5 years$11,362$10,819$10,304$9,816$9,352$7,983
6 years$9,373$8,835$8,327$7,850$7,400$6,095
7 years$7,953$7,419$6,920$6,454$6,018$4,778
8 years$6,889$6,360$5,869$5,414$4,993$3,816
9 years$6,061$5,537$5,055$4,611$4,204$3,091
10 years$5,400$4,881$4,407$3,975$3,582$2,530
11 years$4,859$4,345$3,880$3,459$3,081$2,088
12 years$4,408$3,900$3,443$3,034$2,670$1,735
13 years$4,028$3,524$3,076$2,679$2,328$1,449
14 years$3,701$3,204$2,764$2,378$2,041$1,216
15 years$3,419$2,927$2,496$2,121$1,797$1,023
16 years$3,172$2,685$2,263$1,899$1,588$864
17 years$2,955$2,473$2,059$1,706$1,408$731
18 years$2,761$2,285$1,879$1,538$1,252$620
19 years$2,589$2,118$1,721$1,389$1,116$527
20 years$2,433$1,968$1,579$1,258$997$448
21 years$2,293$1,833$1,452$1,142$892$382
22 years$2,166$1,711$1,339$1,038$800$325
23 years$2,050$1,600$1,236$946$718$278
24 years$1,944$1,499$1,143$862$645$237
25 years$1,846$1,407$1,059$788$581$203
26 years$1,756$1,322$982$720$523$173
27 years$1,673$1,245$912$659$471$148
28 years$1,596$1,173$848$604$425$127
29 years$1,524$1,106$789$554$384$109
30 years$1,457$1,045$735$508$347$93
31 years$1,395$988$685$467$314$80
32 years$1,337$935$639$429$284$68
33 years$1,282$885$597$395$257$58
34 years$1,231$839$558$363$233$50
35 years$1,183$796$521$334$211$43
36 years$1,137$755$488$308$191$37
37 years$1,094$717$456$284$173$32
38 years$1,054$682$427$261$157$27
39 years$1,015$648$400$241$142$23
40 years$979$617$375$222$129$20
41 years$944$587$352$205$117$17
42 years$912$559$330$189$106$15
43 years$880$533$310$175$96$13
44 years$851$508$291$161$87$11
45 years$822$484$273$149$79$9
46 years$795$462$256$138$72$8
47 years$770$441$241$127$65$7
48 years$745$421$226$117$59$6
49 years$722$402$213$109$54$5
50 years$699$384$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $716,000, adding $5,846 every year, while hoping to spend $44,879 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: 43/50/7 Blend
64$716,000$716,000$716,000$716,000
65$795,062$757,114$746,016$827,399
66$828,408$746,462$723,257$839,769
67$863,650$733,783$698,231$848,115
68$900,936$718,932$670,815$856,120
69$940,424$701,753$640,880$863,769
70$982,290$682,081$608,292$871,048
71$1,026,723$659,742$572,909$877,947
72$1,073,931$634,553$534,584$884,457
73$1,124,143$606,317$493,164$890,572
74$1,177,608$574,828$448,487$896,292
75$1,234,599$539,870$400,386$901,618
76$1,295,414$501,209$348,685$906,559
77$1,360,381$458,603$293,201$911,128
78$1,429,859$411,794$233,743$915,348
79$1,504,242$360,509$170,110$919,246
80$1,583,960$304,460$102,094$922,863
81$1,669,488$243,342$29,478$926,245
82$1,761,344$176,835$0$929,456
83$1,860,100$104,598$0$936,156
84$1,966,380$26,273$0$945,432
85$2,080,871$0$0$955,207
86$2,204,330$0$0$997,828
87$2,337,584$0$0$1,059,500
88$2,481,545$0$0$1,126,199
89$2,637,215$0$0$1,198,399
90$2,805,693$0$0$1,276,619
91$2,988,189$0$0$1,361,431
92$3,186,034$0$0$1,453,463
93$3,400,691$0$0$1,553,408
94$3,633,767$0$0$1,662,025
95$3,887,032$0$0$1,780,152
96$4,162,434$0$0$1,908,708
97$4,462,112$0$0$2,048,707
98$4,788,423$0$0$2,201,263
99$5,143,960$0$0$2,367,602
100$5,531,576$0$0$2,549,076