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%18.7%
1 years$59,044$58,518$58,005$57,504$57,015$55,014
2 years$29,230$28,685$28,158$27,646$27,150$25,155
3 years$19,293$18,746$18,220$17,713$17,225$15,299
4 years$14,325$13,780$13,259$12,761$12,285$10,442
5 years$11,346$10,804$10,290$9,802$9,339$7,584
6 years$9,360$8,822$8,316$7,839$7,390$5,725
7 years$7,942$7,409$6,910$6,445$6,010$4,434
8 years$6,879$6,351$5,861$5,406$4,986$3,498
9 years$6,053$5,530$5,048$4,605$4,199$2,797
10 years$5,392$4,874$4,401$3,969$3,577$2,260
11 years$4,852$4,339$3,874$3,455$3,077$1,840
12 years$4,402$3,895$3,438$3,030$2,666$1,508
13 years$4,022$3,519$3,072$2,675$2,325$1,241
14 years$3,696$3,199$2,760$2,375$2,038$1,026
15 years$3,414$2,922$2,492$2,118$1,794$851
16 years$3,168$2,681$2,259$1,896$1,586$708
17 years$2,950$2,469$2,056$1,704$1,406$590
18 years$2,757$2,282$1,877$1,535$1,250$493
19 years$2,585$2,115$1,718$1,387$1,114$412
20 years$2,430$1,965$1,577$1,257$995$345
21 years$2,290$1,830$1,450$1,140$891$289
22 years$2,163$1,709$1,337$1,037$799$242
23 years$2,047$1,598$1,234$944$717$203
24 years$1,941$1,497$1,141$861$644$171
25 years$1,843$1,405$1,057$787$580$144
26 years$1,754$1,321$981$719$522$121
27 years$1,671$1,243$911$658$471$101
28 years$1,594$1,171$846$603$425$85
29 years$1,522$1,105$788$553$384$72
30 years$1,455$1,043$734$508$347$60
31 years$1,393$986$684$466$313$51
32 years$1,335$933$638$428$283$43
33 years$1,280$884$596$394$257$36
34 years$1,229$838$557$363$232$30
35 years$1,181$795$521$334$210$26
36 years$1,136$754$487$307$191$22
37 years$1,093$716$456$283$173$18
38 years$1,052$681$427$261$157$15
39 years$1,014$647$400$241$142$13
40 years$978$616$375$222$129$11
41 years$943$586$351$205$117$9
42 years$910$558$330$189$106$8
43 years$879$532$309$174$96$6
44 years$850$507$290$161$87$5
45 years$821$484$273$149$79$5
46 years$794$461$256$137$72$4
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$3
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $715,000, adding $6,349 every year, while hoping to spend $56,985 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: 69/20/11 Blend
65$715,000$715,000$715,000$715,000
66$794,479$756,584$745,501$847,040
67$814,884$733,025$709,844$859,194
68$835,461$706,402$671,082$865,008
69$856,166$676,504$629,052$869,866
70$876,952$643,109$583,582$873,666
71$897,761$605,981$534,492$876,295
72$918,531$564,873$481,596$877,631
73$939,189$519,519$424,697$877,542
74$959,653$469,643$363,591$875,885
75$979,832$414,950$298,066$872,504
76$999,622$355,129$227,898$867,229
77$1,018,905$289,852$152,854$859,877
78$1,037,550$218,772$72,692$850,247
79$1,055,411$141,523$0$838,123
80$1,072,323$57,717$0$824,776
81$1,088,102$0$0$817,645
82$1,102,542$0$0$815,216
83$1,115,413$0$0$824,274
84$1,126,460$0$0$831,923
85$1,135,398$0$0$837,944
86$1,141,910$0$0$842,096
87$1,145,644$0$0$844,109
88$1,146,206$0$0$843,686
89$1,143,163$0$0$840,495
90$1,136,031$0$0$834,166
91$1,124,274$0$0$824,292
92$1,107,298$0$0$810,420
93$1,084,442$0$0$792,048
94$1,054,978$0$0$768,619
95$1,018,096$0$0$739,517
96$972,900$0$0$704,060
97$918,400$0$0$661,495
98$853,498$0$0$610,984
99$776,980$0$0$551,605
100$687,506$0$0$482,335