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%12.4%
1 years$59,044$58,518$58,005$57,504$57,015$56,443
2 years$29,230$28,685$28,158$27,646$27,150$26,574
3 years$19,293$18,746$18,220$17,713$17,225$16,663
4 years$14,325$13,780$13,259$12,761$12,285$11,741
5 years$11,346$10,804$10,290$9,802$9,339$8,814
6 years$9,360$8,822$8,316$7,839$7,390$6,885
7 years$7,942$7,409$6,910$6,445$6,010$5,526
8 years$6,879$6,351$5,861$5,406$4,986$4,522
9 years$6,053$5,530$5,048$4,605$4,199$3,756
10 years$5,392$4,874$4,401$3,969$3,577$3,155
11 years$4,852$4,339$3,874$3,455$3,077$2,674
12 years$4,402$3,895$3,438$3,030$2,666$2,283
13 years$4,022$3,519$3,072$2,675$2,325$1,960
14 years$3,696$3,199$2,760$2,375$2,038$1,692
15 years$3,414$2,922$2,492$2,118$1,794$1,466
16 years$3,168$2,681$2,259$1,896$1,586$1,275
17 years$2,950$2,469$2,056$1,704$1,406$1,112
18 years$2,757$2,282$1,877$1,535$1,250$972
19 years$2,585$2,115$1,718$1,387$1,114$852
20 years$2,430$1,965$1,577$1,257$995$748
21 years$2,290$1,830$1,450$1,140$891$658
22 years$2,163$1,709$1,337$1,037$799$579
23 years$2,047$1,598$1,234$944$717$510
24 years$1,941$1,497$1,141$861$644$451
25 years$1,843$1,405$1,057$787$580$398
26 years$1,754$1,321$981$719$522$352
27 years$1,671$1,243$911$658$471$311
28 years$1,594$1,171$846$603$425$276
29 years$1,522$1,105$788$553$384$244
30 years$1,455$1,043$734$508$347$216
31 years$1,393$986$684$466$313$192
32 years$1,335$933$638$428$283$170
33 years$1,280$884$596$394$257$151
34 years$1,229$838$557$363$232$134
35 years$1,181$795$521$334$210$119
36 years$1,136$754$487$307$191$106
37 years$1,093$716$456$283$173$94
38 years$1,052$681$427$261$157$83
39 years$1,014$647$400$241$142$74
40 years$978$616$375$222$129$66
41 years$943$586$351$205$117$59
42 years$910$558$330$189$106$52
43 years$879$532$309$174$96$46
44 years$850$507$290$161$87$41
45 years$821$484$273$149$79$37
46 years$794$461$256$137$72$32
47 years$769$440$241$127$65$29
48 years$744$420$226$117$59$26
49 years$721$401$213$108$54$23
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 $2,871 every year, while hoping to spend $36,581 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: 44/47/9 Blend
65$715,000$715,000$715,000$715,000
66$790,891$752,996$741,914$823,536
67$832,640$750,971$727,846$844,443
68$877,422$747,621$712,081$863,126
69$925,506$742,842$694,523$882,541
70$977,191$736,524$675,073$902,770
71$1,032,802$728,551$653,625$923,904
72$1,092,697$718,799$630,071$946,046
73$1,157,269$707,138$604,296$969,311
74$1,226,952$693,429$576,180$993,829
75$1,302,218$677,524$545,600$1,019,746
76$1,383,591$659,269$512,424$1,047,228
77$1,471,643$638,499$476,515$1,076,457
78$1,567,004$615,039$437,732$1,107,640
79$1,670,367$588,705$395,925$1,141,009
80$1,782,495$559,302$350,939$1,176,823
81$1,904,225$526,623$302,611$1,215,370
82$2,036,478$490,450$250,771$1,256,975
83$2,180,270$450,553$195,242$1,302,000
84$2,336,714$406,686$135,840$1,350,846
85$2,507,038$358,593$72,370$1,403,966
86$2,692,593$306,001$4,631$1,461,859
87$2,894,864$248,622$0$1,525,086
88$3,115,487$186,151$0$1,600,766
89$3,356,262$118,268$0$1,683,993
90$3,619,170$44,633$0$1,775,114
91$3,906,393$0$0$1,875,010
92$4,220,332$0$0$2,002,820
93$4,563,630$0$0$2,167,907
94$4,939,199$0$0$2,348,599
95$5,350,243$0$0$2,546,447
96$5,800,293$0$0$2,763,161
97$6,293,233$0$0$3,000,626
98$6,833,344$0$0$3,260,914
99$7,425,341$0$0$3,546,309
100$8,074,413$0$0$3,859,327