Can I retire at age 66 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$59,292$58,764$58,248$57,745$57,254$55,802
2 years$29,352$28,806$28,276$27,762$27,264$25,810
3 years$19,374$18,825$18,296$17,788$17,297$15,888
4 years$14,386$13,838$13,315$12,815$12,337$10,982
5 years$11,393$10,849$10,333$9,843$9,378$8,082
6 years$9,399$8,859$8,351$7,872$7,421$6,185
7 years$7,975$7,440$6,939$6,472$6,035$4,859
8 years$6,908$6,377$5,885$5,429$5,007$3,890
9 years$6,078$5,553$5,069$4,624$4,216$3,158
10 years$5,415$4,894$4,419$3,986$3,592$2,592
11 years$4,872$4,357$3,891$3,469$3,090$2,145
12 years$4,421$3,911$3,453$3,043$2,677$1,787
13 years$4,039$3,534$3,085$2,686$2,335$1,496
14 years$3,712$3,213$2,772$2,385$2,047$1,259
15 years$3,429$2,935$2,503$2,127$1,802$1,063
16 years$3,181$2,693$2,269$1,904$1,593$900
17 years$2,963$2,480$2,065$1,711$1,412$764
18 years$2,769$2,291$1,885$1,542$1,256$650
19 years$2,596$2,124$1,725$1,393$1,119$553
20 years$2,440$1,973$1,583$1,262$1,000$472
21 years$2,300$1,838$1,456$1,145$895$403
22 years$2,172$1,716$1,342$1,041$802$345
23 years$2,056$1,605$1,239$948$720$295
24 years$1,949$1,504$1,146$865$647$253
25 years$1,851$1,411$1,062$790$582$217
26 years$1,761$1,326$985$722$524$186
27 years$1,678$1,248$914$661$473$160
28 years$1,600$1,176$850$606$427$137
29 years$1,528$1,109$791$555$385$118
30 years$1,462$1,048$737$510$348$101
31 years$1,399$990$687$468$315$87
32 years$1,341$937$641$430$285$75
33 years$1,286$888$598$396$258$64
34 years$1,234$841$559$364$233$55
35 years$1,186$798$523$335$211$47
36 years$1,140$757$489$309$191$41
37 years$1,097$719$458$284$173$35
38 years$1,057$684$429$262$157$30
39 years$1,018$650$402$242$143$26
40 years$982$618$376$223$129$22
41 years$947$589$353$206$117$19
42 years$914$561$331$190$106$17
43 years$883$534$311$175$97$14
44 years$853$509$292$162$88$12
45 years$825$486$274$149$80$11
46 years$798$463$257$138$72$9
47 years$772$442$242$128$66$8
48 years$747$422$227$118$60$7
49 years$724$403$213$109$54$6
50 years$701$385$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $718,000, adding $3,051 every year, while hoping to spend $55,072 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: 45/39/16 Blend
65$718,000$718,000$718,000$718,000
66$794,383$756,329$745,200$826,361
67$816,814$734,793$711,568$827,458
68$839,687$710,356$674,964$822,880
69$862,989$682,818$635,229$816,733
70$886,704$651,966$592,199$808,894
71$910,813$617,577$545,703$799,234
72$935,290$579,413$495,559$787,615
73$960,110$537,223$441,579$773,888
74$985,237$490,744$383,568$757,897
75$1,010,634$439,693$321,321$739,474
76$1,036,256$383,775$254,622$718,441
77$1,062,052$322,678$183,250$694,607
78$1,087,961$256,069$106,969$667,769
79$1,113,917$183,601$25,536$637,710
80$1,139,843$104,903$0$604,199
81$1,165,651$19,587$0$577,467
82$1,191,241$0$0$552,107
83$1,216,503$0$0$554,747
84$1,241,310$0$0$565,520
85$1,265,520$0$0$575,950
86$1,288,974$0$0$585,954
87$1,311,492$0$0$595,444
88$1,332,876$0$0$604,318
89$1,352,900$0$0$612,463
90$1,371,315$0$0$619,754
91$1,387,841$0$0$626,051
92$1,402,168$0$0$631,197
93$1,413,948$0$0$635,018
94$1,422,796$0$0$637,322
95$1,428,282$0$0$637,893
96$1,429,929$0$0$636,492
97$1,427,206$0$0$632,855
98$1,419,526$0$0$626,687
99$1,406,235$0$0$617,662
100$1,386,608$0$0$605,419