Can I retire at age 66 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$59,374$58,845$58,329$57,826$57,334$56,641
2 years$29,393$28,846$28,315$27,801$27,302$26,605
3 years$19,401$18,851$18,322$17,812$17,321$16,641
4 years$14,406$13,858$13,334$12,833$12,354$11,696
5 years$11,409$10,864$10,347$9,857$9,391$8,758
6 years$9,412$8,872$8,362$7,883$7,431$6,823
7 years$7,987$7,450$6,949$6,481$6,043$5,461
8 years$6,918$6,386$5,893$5,436$5,014$4,456
9 years$6,087$5,560$5,076$4,631$4,222$3,690
10 years$5,422$4,901$4,425$3,992$3,597$3,090
11 years$4,879$4,363$3,896$3,474$3,094$2,611
12 years$4,427$3,916$3,458$3,047$2,681$2,222
13 years$4,044$3,539$3,089$2,690$2,338$1,902
14 years$3,717$3,217$2,776$2,388$2,049$1,636
15 years$3,433$2,939$2,506$2,130$1,805$1,413
16 years$3,185$2,696$2,272$1,907$1,595$1,224
17 years$2,967$2,483$2,067$1,713$1,414$1,064
18 years$2,773$2,295$1,887$1,544$1,257$927
19 years$2,600$2,127$1,728$1,395$1,121$809
20 years$2,444$1,976$1,586$1,264$1,001$708
21 years$2,303$1,841$1,459$1,147$896$620
22 years$2,175$1,718$1,344$1,043$803$544
23 years$2,058$1,607$1,241$950$721$478
24 years$1,952$1,506$1,148$866$648$420
25 years$1,854$1,413$1,063$791$583$370
26 years$1,763$1,328$986$723$525$326
27 years$1,680$1,250$916$662$473$287
28 years$1,602$1,178$851$607$427$253
29 years$1,531$1,111$792$556$386$223
30 years$1,464$1,049$738$510$349$197
31 years$1,401$992$688$469$315$174
32 years$1,342$939$642$431$285$154
33 years$1,288$889$599$396$258$136
34 years$1,236$842$560$365$234$120
35 years$1,188$799$523$336$212$106
36 years$1,142$758$490$309$192$94
37 years$1,099$720$458$285$174$83
38 years$1,058$684$429$262$157$73
39 years$1,020$651$402$242$143$65
40 years$983$619$377$223$130$57
41 years$948$589$353$206$118$51
42 years$915$561$332$190$107$45
43 years$884$535$311$175$97$40
44 years$854$510$292$162$88$35
45 years$826$486$274$150$80$31
46 years$799$464$258$138$72$28
47 years$773$443$242$128$66$24
48 years$748$423$227$118$60$22
49 years$725$404$214$109$54$19
50 years$702$385$201$101$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $719,000, adding $6,001 every year, while hoping to spend $52,987 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: 71/13/16 Blend
65$719,000$719,000$719,000$719,000
66$798,528$760,421$749,277$851,862
67$823,600$741,304$718,000$868,965
68$849,454$719,474$683,899$880,727
69$876,112$694,743$646,824$892,237
70$903,601$666,910$606,618$903,459
71$931,944$635,765$563,115$914,358
72$961,168$601,083$516,145$924,896
73$991,299$562,627$465,527$935,031
74$1,022,364$520,149$411,075$944,720
75$1,054,391$473,382$352,592$953,916
76$1,087,409$422,048$289,874$962,570
77$1,121,447$365,850$222,707$970,629
78$1,156,535$304,478$150,869$978,038
79$1,192,704$237,600$74,125$984,738
80$1,229,986$164,868$0$990,665
81$1,268,413$85,915$0$997,080
82$1,308,018$352$0$1,016,177
83$1,348,835$0$0$1,035,258
84$1,390,898$0$0$1,067,484
85$1,434,243$0$0$1,100,743
86$1,478,906$0$0$1,135,013
87$1,524,923$0$0$1,170,321
88$1,572,331$0$0$1,206,695
89$1,621,168$0$0$1,244,166
90$1,671,474$0$0$1,282,761
91$1,723,287$0$0$1,322,512
92$1,776,646$0$0$1,363,448
93$1,831,591$0$0$1,405,599
94$1,888,164$0$0$1,448,998
95$1,946,404$0$0$1,493,673
96$2,006,352$0$0$1,539,657
97$2,068,050$0$0$1,586,981
98$2,131,538$0$0$1,635,675
99$2,196,857$0$0$1,685,772
100$2,264,048$0$0$1,737,300