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%11.2%
1 years$59,127$58,600$58,086$57,585$57,095$56,806
2 years$29,271$28,725$28,197$27,685$27,188$26,897
3 years$19,320$18,772$18,245$17,738$17,249$16,965
4 years$14,346$13,800$13,278$12,779$12,302$12,026
5 years$11,362$10,819$10,304$9,816$9,352$9,085
6 years$9,373$8,835$8,327$7,850$7,400$7,143
7 years$7,953$7,419$6,920$6,454$6,018$5,771
8 years$6,889$6,360$5,869$5,414$4,993$4,755
9 years$6,061$5,537$5,055$4,611$4,204$3,977
10 years$5,400$4,881$4,407$3,975$3,582$3,365
11 years$4,859$4,345$3,880$3,459$3,081$2,873
12 years$4,408$3,900$3,443$3,034$2,670$2,471
13 years$4,028$3,524$3,076$2,679$2,328$2,138
14 years$3,701$3,204$2,764$2,378$2,041$1,860
15 years$3,419$2,927$2,496$2,121$1,797$1,625
16 years$3,172$2,685$2,263$1,899$1,588$1,425
17 years$2,955$2,473$2,059$1,706$1,408$1,253
18 years$2,761$2,285$1,879$1,538$1,252$1,105
19 years$2,589$2,118$1,721$1,389$1,116$976
20 years$2,433$1,968$1,579$1,258$997$865
21 years$2,293$1,833$1,452$1,142$892$767
22 years$2,166$1,711$1,339$1,038$800$682
23 years$2,050$1,600$1,236$946$718$606
24 years$1,944$1,499$1,143$862$645$540
25 years$1,846$1,407$1,059$788$581$482
26 years$1,756$1,322$982$720$523$430
27 years$1,673$1,245$912$659$471$384
28 years$1,596$1,173$848$604$425$343
29 years$1,524$1,106$789$554$384$307
30 years$1,457$1,045$735$508$347$275
31 years$1,395$988$685$467$314$246
32 years$1,337$935$639$429$284$220
33 years$1,282$885$597$395$257$197
34 years$1,231$839$558$363$233$177
35 years$1,183$796$521$334$211$159
36 years$1,137$755$488$308$191$142
37 years$1,094$717$456$284$173$128
38 years$1,054$682$427$261$157$115
39 years$1,015$648$400$241$142$103
40 years$979$617$375$222$129$92
41 years$944$587$352$205$117$83
42 years$912$559$330$189$106$75
43 years$880$533$310$175$96$67
44 years$851$508$291$161$87$60
45 years$822$484$273$149$79$54
46 years$795$462$256$138$72$49
47 years$770$441$241$127$65$44
48 years$745$421$226$117$59$39
49 years$722$402$213$109$54$35
50 years$699$384$200$100$49$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $716,000, adding $6,107 every year, while hoping to spend $34,680 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: 48/28/24 Blend
64$716,000$716,000$716,000$716,000
65$795,331$757,383$746,285$827,820
66$839,556$757,596$734,387$851,379
67$887,129$756,657$720,927$873,011
68$938,356$754,472$705,818$895,804
69$993,571$750,944$688,965$919,881
70$1,053,142$745,967$670,273$945,384
71$1,117,474$739,431$649,638$972,468
72$1,187,010$731,217$626,955$1,001,307
73$1,262,239$721,201$602,112$1,032,095
74$1,343,697$709,249$574,992$1,065,048
75$1,431,975$695,223$545,475$1,100,407
76$1,527,719$678,972$513,432$1,138,440
77$1,631,645$660,340$478,730$1,179,445
78$1,744,537$639,161$441,231$1,223,754
79$1,867,257$615,257$400,790$1,271,735
80$2,000,755$588,442$357,254$1,323,798
81$2,146,076$558,520$310,466$1,380,400
82$2,304,368$525,280$260,259$1,442,044
83$2,476,897$488,502$206,461$1,509,294
84$2,665,055$447,953$148,892$1,582,772
85$2,870,373$403,385$87,363$1,663,169
86$3,094,539$354,539$21,677$1,751,252
87$3,339,408$301,138$0$1,847,871
88$3,607,025$242,891$0$1,966,369
89$3,899,639$179,490$0$2,102,120
90$4,219,728$110,610$0$2,250,782
91$4,570,018$35,908$0$2,413,697
92$4,953,515$0$0$2,592,346
93$5,373,525$0$0$2,802,224
94$5,833,691$0$0$3,044,369
95$6,338,024$0$0$3,309,836
96$6,890,941$0$0$3,600,961
97$7,497,309$0$0$3,920,317
98$8,162,486$0$0$4,270,738
99$8,892,376$0$0$4,655,343
100$9,693,480$0$0$5,077,571