Can I retire at age 65 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$57,971$57,454$56,950$56,459$55,978$55,006
2 years$28,698$28,164$27,646$27,144$26,656$25,680
3 years$18,942$18,405$17,889$17,391$16,912$15,961
4 years$14,065$13,530$13,018$12,529$12,062$11,145
5 years$11,140$10,608$10,103$9,624$9,169$8,289
6 years$9,190$8,662$8,165$7,696$7,255$6,412
7 years$7,798$7,274$6,785$6,327$5,900$5,095
8 years$6,754$6,235$5,754$5,308$4,895$4,126
9 years$5,943$5,429$4,956$4,521$4,122$3,391
10 years$5,294$4,785$4,321$3,897$3,512$2,817
11 years$4,764$4,260$3,804$3,392$3,021$2,361
12 years$4,322$3,824$3,376$2,975$2,618$1,992
13 years$3,949$3,456$3,016$2,627$2,283$1,691
14 years$3,629$3,141$2,710$2,332$2,001$1,442
15 years$3,352$2,869$2,447$2,079$1,762$1,234
16 years$3,110$2,633$2,218$1,862$1,557$1,060
17 years$2,897$2,424$2,019$1,673$1,381$913
18 years$2,707$2,240$1,843$1,508$1,228$788
19 years$2,538$2,076$1,687$1,362$1,094$681
20 years$2,386$1,929$1,548$1,234$977$590
21 years$2,248$1,797$1,424$1,120$875$512
22 years$2,124$1,678$1,312$1,018$784$445
23 years$2,010$1,569$1,212$927$704$387
24 years$1,906$1,470$1,121$846$633$337
25 years$1,810$1,380$1,038$772$569$293
26 years$1,722$1,297$963$706$513$255
27 years$1,640$1,220$894$646$462$223
28 years$1,565$1,150$831$592$417$194
29 years$1,494$1,085$773$543$377$170
30 years$1,429$1,024$720$498$340$148
31 years$1,368$968$672$458$308$129
32 years$1,311$916$627$421$278$113
33 years$1,257$868$585$387$252$99
34 years$1,207$822$547$356$228$86
35 years$1,160$780$511$328$207$76
36 years$1,115$740$478$302$187$66
37 years$1,073$703$447$278$170$58
38 years$1,033$668$419$256$154$51
39 years$995$635$393$236$139$44
40 years$960$605$368$218$126$39
41 years$926$576$345$201$115$34
42 years$894$548$324$186$104$30
43 years$863$522$304$171$94$26
44 years$834$498$285$158$86$23
45 years$806$475$268$146$78$20
46 years$780$453$251$135$71$17
47 years$755$432$236$125$64$15
48 years$731$413$222$115$58$13
49 years$707$394$209$106$53$12
50 years$685$376$196$98$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $702,000, adding $5,710 every year, while hoping to spend $57,214 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: 50/29/21 Blend
64$702,000$702,000$702,000$702,000
65$779,494$742,288$731,407$813,628
66$798,127$717,785$695,034$813,370
67$816,743$690,163$655,525$806,788
68$835,280$659,211$612,714$798,437
69$853,668$624,701$566,429$788,173
70$871,826$586,396$516,488$775,838
71$889,666$544,042$462,704$761,268
72$907,086$497,375$404,879$744,281
73$923,973$446,111$342,807$724,686
74$940,201$389,952$276,273$702,275
75$955,626$328,584$205,053$676,826
76$970,089$261,674$128,912$648,098
77$983,413$188,871$47,605$615,835
78$995,398$109,803$0$579,758
79$1,005,824$24,079$0$548,343
80$1,014,444$0$0$524,448
81$1,020,982$0$0$519,038
82$1,025,134$0$0$519,954
83$1,026,560$0$0$519,326
84$1,024,883$0$0$516,943
85$1,019,683$0$0$512,573
86$1,010,496$0$0$505,959
87$996,807$0$0$496,815
88$978,043$0$0$484,825
89$953,572$0$0$469,638
90$922,691$0$0$450,865
91$884,623$0$0$428,078
92$838,509$0$0$400,800
93$783,397$0$0$368,504
94$718,233$0$0$330,610
95$641,852$0$0$286,472
96$552,967$0$0$235,380
97$450,154$0$0$176,547
98$331,838$0$0$109,103
99$196,281$0$0$32,088
100$41,561$0$0$0