Can I retire at age 66 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%11.7%
1 years$59,127$58,600$58,086$57,585$57,095$56,688
2 years$29,271$28,725$28,197$27,685$27,188$26,777
3 years$19,320$18,772$18,245$17,738$17,249$16,848
4 years$14,346$13,800$13,278$12,779$12,302$11,913
5 years$11,362$10,819$10,304$9,816$9,352$8,977
6 years$9,373$8,835$8,327$7,850$7,400$7,038
7 years$7,953$7,419$6,920$6,454$6,018$5,671
8 years$6,889$6,360$5,869$5,414$4,993$4,660
9 years$6,061$5,537$5,055$4,611$4,204$3,886
10 years$5,400$4,881$4,407$3,975$3,582$3,277
11 years$4,859$4,345$3,880$3,459$3,081$2,790
12 years$4,408$3,900$3,443$3,034$2,670$2,392
13 years$4,028$3,524$3,076$2,679$2,328$2,064
14 years$3,701$3,204$2,764$2,378$2,041$1,789
15 years$3,419$2,927$2,496$2,121$1,797$1,558
16 years$3,172$2,685$2,263$1,899$1,588$1,361
17 years$2,955$2,473$2,059$1,706$1,408$1,193
18 years$2,761$2,285$1,879$1,538$1,252$1,048
19 years$2,589$2,118$1,721$1,389$1,116$923
20 years$2,433$1,968$1,579$1,258$997$815
21 years$2,293$1,833$1,452$1,142$892$720
22 years$2,166$1,711$1,339$1,038$800$637
23 years$2,050$1,600$1,236$946$718$565
24 years$1,944$1,499$1,143$862$645$501
25 years$1,846$1,407$1,059$788$581$445
26 years$1,756$1,322$982$720$523$396
27 years$1,673$1,245$912$659$471$352
28 years$1,596$1,173$848$604$425$314
29 years$1,524$1,106$789$554$384$279
30 years$1,457$1,045$735$508$347$249
31 years$1,395$988$685$467$314$222
32 years$1,337$935$639$429$284$198
33 years$1,282$885$597$395$257$177
34 years$1,231$839$558$363$233$158
35 years$1,183$796$521$334$211$141
36 years$1,137$755$488$308$191$126
37 years$1,094$717$456$284$173$112
38 years$1,054$682$427$261$157$101
39 years$1,015$648$400$241$142$90
40 years$979$617$375$222$129$80
41 years$944$587$352$205$117$72
42 years$912$559$330$189$106$64
43 years$880$533$310$175$96$57
44 years$851$508$291$161$87$51
45 years$822$484$273$149$79$46
46 years$795$462$256$138$72$41
47 years$770$441$241$127$65$37
48 years$745$421$226$117$59$33
49 years$722$402$213$109$54$29
50 years$699$384$200$100$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $716,000, adding $3,921 every year, while hoping to spend $31,759 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: 51/34/15 Blend
65$716,000$716,000$716,000$716,000
66$793,077$755,129$744,031$830,094
67$840,179$758,338$735,164$859,126
68$891,021$760,641$724,936$887,015
69$945,952$761,959$713,268$916,629
70$1,005,353$762,209$700,076$948,141
71$1,069,644$761,303$685,274$981,742
72$1,139,289$759,147$668,772$1,017,645
73$1,214,794$755,643$650,473$1,056,085
74$1,296,718$750,684$630,279$1,097,324
75$1,385,676$744,161$608,087$1,141,651
76$1,482,344$735,954$583,786$1,189,386
77$1,587,464$725,937$557,265$1,240,885
78$1,701,856$713,978$528,403$1,296,543
79$1,826,418$699,936$497,077$1,356,795
80$1,962,141$683,661$463,158$1,422,126
81$2,110,115$664,996$426,509$1,493,069
82$2,271,539$643,773$386,990$1,570,218
83$2,447,734$619,816$344,452$1,654,228
84$2,640,152$592,936$298,740$1,745,826
85$2,850,393$562,935$249,693$1,845,816
86$3,080,218$529,604$197,143$1,955,085
87$3,331,567$492,722$140,914$2,074,618
88$3,606,575$452,053$80,823$2,205,503
89$3,907,591$407,349$16,676$2,348,942
90$4,237,205$358,349$0$2,506,267
91$4,598,268$304,776$0$2,687,235
92$4,993,918$246,337$0$2,888,574
93$5,427,614$182,723$0$3,109,443
94$5,903,162$113,608$0$3,351,866
95$6,424,757$38,648$0$3,618,078
96$6,997,019$0$0$3,910,543
97$7,625,034$0$0$4,247,895
98$8,314,408$0$0$4,634,155
99$9,071,314$0$0$5,058,332
100$9,902,553$0$0$5,524,247