Can I retire at age 66 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$59,044$58,518$58,005$57,504$57,015$56,420
2 years$29,230$28,685$28,158$27,646$27,150$26,550
3 years$19,293$18,746$18,220$17,713$17,225$16,640
4 years$14,325$13,780$13,259$12,761$12,285$11,719
5 years$11,346$10,804$10,290$9,802$9,339$8,793
6 years$9,360$8,822$8,316$7,839$7,390$6,865
7 years$7,942$7,409$6,910$6,445$6,010$5,507
8 years$6,879$6,351$5,861$5,406$4,986$4,504
9 years$6,053$5,530$5,048$4,605$4,199$3,738
10 years$5,392$4,874$4,401$3,969$3,577$3,138
11 years$4,852$4,339$3,874$3,455$3,077$2,658
12 years$4,402$3,895$3,438$3,030$2,666$2,268
13 years$4,022$3,519$3,072$2,675$2,325$1,946
14 years$3,696$3,199$2,760$2,375$2,038$1,679
15 years$3,414$2,922$2,492$2,118$1,794$1,454
16 years$3,168$2,681$2,259$1,896$1,586$1,263
17 years$2,950$2,469$2,056$1,704$1,406$1,101
18 years$2,757$2,282$1,877$1,535$1,250$962
19 years$2,585$2,115$1,718$1,387$1,114$842
20 years$2,430$1,965$1,577$1,257$995$739
21 years$2,290$1,830$1,450$1,140$891$649
22 years$2,163$1,709$1,337$1,037$799$571
23 years$2,047$1,598$1,234$944$717$503
24 years$1,941$1,497$1,141$861$644$444
25 years$1,843$1,405$1,057$787$580$392
26 years$1,754$1,321$981$719$522$346
27 years$1,671$1,243$911$658$471$306
28 years$1,594$1,171$846$603$425$271
29 years$1,522$1,105$788$553$384$240
30 years$1,455$1,043$734$508$347$212
31 years$1,393$986$684$466$313$188
32 years$1,335$933$638$428$283$167
33 years$1,280$884$596$394$257$148
34 years$1,229$838$557$363$232$131
35 years$1,181$795$521$334$210$116
36 years$1,136$754$487$307$191$103
37 years$1,093$716$456$283$173$91
38 years$1,052$681$427$261$157$81
39 years$1,014$647$400$241$142$72
40 years$978$616$375$222$129$64
41 years$943$586$351$205$117$57
42 years$910$558$330$189$106$50
43 years$879$532$309$174$96$45
44 years$850$507$290$161$87$40
45 years$821$484$273$149$79$35
46 years$794$461$256$137$72$31
47 years$769$440$241$127$65$28
48 years$744$420$226$117$59$25
49 years$721$401$213$108$54$22
50 years$698$383$200$100$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $715,000, adding $4,977 every year, while hoping to spend $36,913 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: 64/21/15 Blend
65$715,000$715,000$715,000$715,000
66$793,064$755,169$744,086$840,626
67$834,681$752,897$729,738$870,833
68$879,306$749,277$713,672$899,117
69$927,207$744,203$695,791$929,114
70$978,677$737,564$675,996$960,990
71$1,034,040$729,242$654,179$994,930
72$1,093,649$719,112$630,231$1,031,140
73$1,157,893$707,040$604,036$1,069,846
74$1,227,200$692,887$575,473$1,111,301
75$1,302,039$676,503$544,416$1,155,784
76$1,382,927$657,731$510,733$1,203,603
77$1,470,429$636,404$474,287$1,255,100
78$1,565,170$612,344$434,932$1,310,654
79$1,667,833$585,366$392,519$1,370,683
80$1,779,174$555,270$346,890$1,435,650
81$1,900,020$521,849$297,880$1,506,069
82$2,031,282$484,879$245,320$1,582,508
83$2,173,963$444,129$189,028$1,665,593
84$2,329,165$399,349$128,819$1,756,020
85$2,498,102$350,279$64,496$1,854,555
86$2,682,109$296,643$0$1,962,049
87$2,882,654$238,148$0$2,080,104
88$3,101,354$174,487$0$2,220,154
89$3,339,988$105,333$0$2,373,047
90$3,600,516$30,343$0$2,540,091
91$3,885,093$0$0$2,722,724
92$4,196,092$0$0$2,934,286
93$4,536,127$0$0$3,173,314
94$4,908,074$0$0$3,434,824
95$5,315,102$0$0$3,721,050
96$5,760,698$0$0$4,034,452
97$6,248,704$0$0$4,377,736
98$6,783,350$0$0$4,753,887
99$7,369,293$0$0$5,166,187
100$8,011,666$0$0$5,618,256