Can I retire at age 65 with 716,000?

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 $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%15.6%
1 years$59,127$58,600$58,086$57,585$57,095$55,783
2 years$29,271$28,725$28,197$27,685$27,188$25,873
3 years$19,320$18,772$18,245$17,738$17,249$15,973
4 years$14,346$13,800$13,278$12,779$12,302$11,074
5 years$11,362$10,819$10,304$9,816$9,352$8,176
6 years$9,373$8,835$8,327$7,850$7,400$6,277
7 years$7,953$7,419$6,920$6,454$6,018$4,948
8 years$6,889$6,360$5,869$5,414$4,993$3,975
9 years$6,061$5,537$5,055$4,611$4,204$3,239
10 years$5,400$4,881$4,407$3,975$3,582$2,668
11 years$4,859$4,345$3,880$3,459$3,081$2,216
12 years$4,408$3,900$3,443$3,034$2,670$1,853
13 years$4,028$3,524$3,076$2,679$2,328$1,559
14 years$3,701$3,204$2,764$2,378$2,041$1,316
15 years$3,419$2,927$2,496$2,121$1,797$1,116
16 years$3,172$2,685$2,263$1,899$1,588$949
17 years$2,955$2,473$2,059$1,706$1,408$809
18 years$2,761$2,285$1,879$1,538$1,252$691
19 years$2,589$2,118$1,721$1,389$1,116$592
20 years$2,433$1,968$1,579$1,258$997$507
21 years$2,293$1,833$1,452$1,142$892$435
22 years$2,166$1,711$1,339$1,038$800$374
23 years$2,050$1,600$1,236$946$718$322
24 years$1,944$1,499$1,143$862$645$277
25 years$1,846$1,407$1,059$788$581$238
26 years$1,756$1,322$982$720$523$206
27 years$1,673$1,245$912$659$471$177
28 years$1,596$1,173$848$604$425$153
29 years$1,524$1,106$789$554$384$132
30 years$1,457$1,045$735$508$347$114
31 years$1,395$988$685$467$314$98
32 years$1,337$935$639$429$284$85
33 years$1,282$885$597$395$257$73
34 years$1,231$839$558$363$233$63
35 years$1,183$796$521$334$211$55
36 years$1,137$755$488$308$191$47
37 years$1,094$717$456$284$173$41
38 years$1,054$682$427$261$157$35
39 years$1,015$648$400$241$142$31
40 years$979$617$375$222$129$26
41 years$944$587$352$205$117$23
42 years$912$559$330$189$106$20
43 years$880$533$310$175$96$17
44 years$851$508$291$161$87$15
45 years$822$484$273$149$79$13
46 years$795$462$256$138$72$11
47 years$770$441$241$127$65$10
48 years$745$421$226$117$59$8
49 years$722$402$213$109$54$7
50 years$699$384$200$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $716,000, adding $3,870 every year, while hoping to spend $30,858 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: 85/10/5 Blend
64$716,000$716,000$716,000$716,000
65$793,024$755,076$743,978$860,106
66$841,080$759,242$736,068$908,583
67$893,003$762,578$726,860$957,190
68$949,155$765,011$716,276$1,009,596
69$1,009,935$766,462$704,237$1,066,161
70$1,075,779$766,849$690,660$1,127,282
71$1,147,169$766,085$675,457$1,193,396
72$1,224,632$764,075$658,537$1,264,983
73$1,308,751$760,722$639,805$1,342,574
74$1,400,166$755,918$619,159$1,426,751
75$1,499,578$749,554$596,497$1,518,156
76$1,607,764$741,511$571,709$1,617,496
77$1,725,575$731,664$544,680$1,725,551
78$1,853,947$719,879$515,290$1,843,179
79$1,993,913$706,017$483,416$1,971,323
80$2,146,608$689,927$448,926$2,111,027
81$2,313,281$671,452$411,683$2,263,436
82$2,495,307$650,426$371,547$2,429,814
83$2,694,202$626,670$328,367$2,611,554
84$2,911,632$599,998$281,988$2,810,189
85$3,149,432$570,211$232,249$3,027,410
86$3,409,623$537,101$178,978$3,265,079
87$3,694,431$500,445$122,000$3,525,248
88$4,006,305$460,009$61,130$3,810,179
89$4,347,944$415,546$0$4,122,362
90$4,722,321$366,793$0$4,464,749
91$5,132,706$313,475$0$4,843,655
92$5,582,705$255,298$0$5,259,159
93$6,076,287$191,954$0$5,714,950
94$6,617,826$123,117$0$6,215,087
95$7,212,136$48,442$0$6,764,047
96$7,864,524$0$0$7,366,761
97$8,580,834$0$0$8,032,231
98$9,367,502$0$0$8,768,932
99$10,231,620$0$0$9,578,174
100$11,180,999$0$0$10,467,276