Can I retire at age 65 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$57,805$57,290$56,788$56,298$55,819$54,962
2 years$28,617$28,084$27,567$27,066$26,580$25,719
3 years$18,888$18,353$17,838$17,342$16,864$16,025
4 years$14,025$13,491$12,981$12,494$12,027$11,218
5 years$11,108$10,577$10,074$9,596$9,143$8,364
6 years$9,164$8,637$8,141$7,674$7,235$6,488
7 years$7,776$7,254$6,765$6,309$5,884$5,170
8 years$6,735$6,218$5,738$5,293$4,881$4,199
9 years$5,926$5,414$4,942$4,508$4,111$3,461
10 years$5,279$4,772$4,308$3,886$3,502$2,884
11 years$4,750$4,248$3,793$3,382$3,012$2,425
12 years$4,310$3,813$3,366$2,967$2,610$2,053
13 years$3,938$3,446$3,008$2,619$2,276$1,748
14 years$3,619$3,132$2,702$2,325$1,995$1,496
15 years$3,343$2,861$2,440$2,073$1,757$1,285
16 years$3,101$2,625$2,212$1,857$1,553$1,107
17 years$2,889$2,418$2,013$1,668$1,377$957
18 years$2,700$2,234$1,837$1,503$1,224$829
19 years$2,531$2,070$1,682$1,358$1,091$719
20 years$2,379$1,924$1,544$1,230$975$626
21 years$2,242$1,792$1,420$1,117$872$545
22 years$2,117$1,673$1,309$1,015$782$475
23 years$2,004$1,565$1,208$925$702$415
24 years$1,900$1,466$1,118$843$631$362
25 years$1,805$1,376$1,035$770$568$317
26 years$1,717$1,293$960$704$511$277
27 years$1,635$1,217$891$645$461$243
28 years$1,560$1,147$829$591$416$213
29 years$1,490$1,082$771$542$376$186
30 years$1,425$1,021$718$497$339$163
31 years$1,364$966$670$456$307$143
32 years$1,307$914$625$419$278$126
33 years$1,254$865$583$386$251$110
34 years$1,203$820$545$355$227$97
35 years$1,156$778$510$327$206$85
36 years$1,112$738$477$301$187$75
37 years$1,070$701$446$277$169$66
38 years$1,030$666$418$256$153$58
39 years$993$634$391$236$139$51
40 years$957$603$367$217$126$45
41 years$923$574$344$201$114$39
42 years$891$547$323$185$104$34
43 years$861$521$303$171$94$30
44 years$832$496$284$158$86$27
45 years$804$473$267$146$78$23
46 years$778$452$251$135$70$21
47 years$753$431$236$124$64$18
48 years$728$411$221$115$58$16
49 years$705$393$208$106$53$14
50 years$683$375$196$98$48$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $700,000, adding $6,008 every year, while hoping to spend $46,636 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: 32/44/24 Blend
64$700,000$700,000$700,000$700,000
65$777,597$740,497$729,647$796,592
66$807,292$727,161$704,470$798,137
67$838,452$711,609$676,886$795,203
68$871,179$693,682$646,766$791,098
69$905,580$673,214$613,974$785,752
70$941,775$650,027$578,368$779,089
71$979,893$623,935$539,800$771,031
72$1,020,073$594,739$498,115$761,498
73$1,062,469$562,229$453,150$750,408
74$1,107,247$526,185$404,737$737,674
75$1,154,589$486,371$352,698$723,210
76$1,204,694$442,540$296,851$706,924
77$1,257,778$394,430$237,001$688,726
78$1,314,079$341,764$172,947$668,520
79$1,373,854$284,250$104,480$646,211
80$1,437,387$221,578$31,380$621,703
81$1,504,987$153,422$0$594,896
82$1,576,994$79,438$0$577,634
83$1,653,779$0$0$567,227
84$1,735,747$0$0$555,956
85$1,823,344$0$0$585,078
86$1,917,058$0$0$616,302
87$2,017,425$0$0$649,814
88$2,125,032$0$0$685,819
89$2,240,522$0$0$724,544
90$2,364,602$0$0$766,234
91$2,498,048$0$0$811,163
92$2,641,711$0$0$859,627
93$2,796,528$0$0$911,955
94$2,963,524$0$0$968,507
95$3,143,830$0$0$1,029,679
96$3,338,684$0$0$1,095,905
97$3,549,451$0$0$1,167,664
98$3,777,627$0$0$1,245,482
99$4,024,861$0$0$1,329,937
100$4,292,962$0$0$1,421,664