Can I retire at age 65 with 702,000?

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 $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%11.3%
1 years$57,971$57,454$56,950$56,459$55,978$55,672
2 years$28,698$28,164$27,646$27,144$26,656$26,348
3 years$18,942$18,405$17,889$17,391$16,912$16,610
4 years$14,065$13,530$13,018$12,529$12,062$11,769
5 years$11,140$10,608$10,103$9,624$9,169$8,886
6 years$9,190$8,662$8,165$7,696$7,255$6,983
7 years$7,798$7,274$6,785$6,327$5,900$5,638
8 years$6,754$6,235$5,754$5,308$4,895$4,643
9 years$5,943$5,429$4,956$4,521$4,122$3,881
10 years$5,294$4,785$4,321$3,897$3,512$3,282
11 years$4,764$4,260$3,804$3,392$3,021$2,800
12 years$4,322$3,824$3,376$2,975$2,618$2,407
13 years$3,949$3,456$3,016$2,627$2,283$2,082
14 years$3,629$3,141$2,710$2,332$2,001$1,810
15 years$3,352$2,869$2,447$2,079$1,762$1,580
16 years$3,110$2,633$2,218$1,862$1,557$1,384
17 years$2,897$2,424$2,019$1,673$1,381$1,216
18 years$2,707$2,240$1,843$1,508$1,228$1,072
19 years$2,538$2,076$1,687$1,362$1,094$947
20 years$2,386$1,929$1,548$1,234$977$838
21 years$2,248$1,797$1,424$1,120$875$743
22 years$2,124$1,678$1,312$1,018$784$659
23 years$2,010$1,569$1,212$927$704$586
24 years$1,906$1,470$1,121$846$633$522
25 years$1,810$1,380$1,038$772$569$465
26 years$1,722$1,297$963$706$513$415
27 years$1,640$1,220$894$646$462$370
28 years$1,565$1,150$831$592$417$330
29 years$1,494$1,085$773$543$377$295
30 years$1,429$1,024$720$498$340$264
31 years$1,368$968$672$458$308$236
32 years$1,311$916$627$421$278$211
33 years$1,257$868$585$387$252$189
34 years$1,207$822$547$356$228$170
35 years$1,160$780$511$328$207$152
36 years$1,115$740$478$302$187$136
37 years$1,073$703$447$278$170$122
38 years$1,033$668$419$256$154$109
39 years$995$635$393$236$139$98
40 years$960$605$368$218$126$88
41 years$926$576$345$201$115$79
42 years$894$548$324$186$104$71
43 years$863$522$304$171$94$64
44 years$834$498$285$158$86$57
45 years$806$475$268$146$78$51
46 years$780$453$251$135$71$46
47 years$755$432$236$125$64$41
48 years$731$413$222$115$58$37
49 years$707$394$209$106$53$33
50 years$685$376$196$98$48$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $702,000, adding $6,239 every year, while hoping to spend $24,677 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: 69/24/7 Blend
64$702,000$702,000$702,000$702,000
65$780,040$742,834$731,953$832,552
66$833,347$752,976$730,217$878,276
67$891,266$762,789$727,596$924,666
68$954,238$772,229$724,034$974,741
69$1,022,754$781,252$719,473$1,028,855
70$1,097,351$789,809$713,851$1,087,401
71$1,178,621$797,850$707,105$1,150,812
72$1,267,214$805,318$699,167$1,219,564
73$1,363,847$812,156$689,966$1,294,183
74$1,469,310$818,302$679,430$1,375,246
75$1,584,470$823,689$667,481$1,463,392
76$1,710,282$828,246$654,039$1,559,325
77$1,847,800$831,899$639,018$1,663,819
78$1,998,181$834,568$622,330$1,777,729
79$2,162,701$836,167$603,884$1,901,996
80$2,342,764$836,608$583,582$2,037,659
81$2,539,917$835,792$561,323$2,185,863
82$2,755,863$833,620$537,001$2,347,868
83$2,992,477$829,983$510,507$2,525,067
84$3,251,824$824,767$481,723$2,718,992
85$3,536,179$817,849$450,530$2,931,334
86$3,848,047$809,102$416,800$3,163,955
87$4,190,188$798,388$380,403$3,418,912
88$4,565,641$785,563$341,200$3,698,468
89$4,977,754$770,473$299,048$4,005,120
90$5,430,214$752,956$253,796$4,341,621
91$5,927,084$732,839$205,287$4,711,004
92$6,472,840$709,941$153,357$5,116,616
93$7,072,410$684,068$97,834$5,562,143
94$7,731,225$655,017$38,541$6,051,651
95$8,455,269$622,572$0$6,589,621
96$9,251,132$586,503$0$7,182,842
97$10,126,075$546,570$0$7,838,103
98$11,088,100$502,517$0$8,558,543
99$12,146,021$454,075$0$9,350,796
100$13,309,547$400,957$0$10,222,173