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%17.3%
1 years$57,971$57,454$56,950$56,459$55,978$54,317
2 years$28,698$28,164$27,646$27,144$26,656$24,996
3 years$18,942$18,405$17,889$17,391$16,912$15,305
4 years$14,065$13,530$13,018$12,529$12,062$10,521
5 years$11,140$10,608$10,103$9,624$9,169$7,698
6 years$9,190$8,662$8,165$7,696$7,255$5,855
7 years$7,798$7,274$6,785$6,327$5,900$4,572
8 years$6,754$6,235$5,754$5,308$4,895$3,636
9 years$5,943$5,429$4,956$4,521$4,122$2,933
10 years$5,294$4,785$4,321$3,897$3,512$2,390
11 years$4,764$4,260$3,804$3,392$3,021$1,964
12 years$4,322$3,824$3,376$2,975$2,618$1,624
13 years$3,949$3,456$3,016$2,627$2,283$1,350
14 years$3,629$3,141$2,710$2,332$2,001$1,127
15 years$3,352$2,869$2,447$2,079$1,762$944
16 years$3,110$2,633$2,218$1,862$1,557$793
17 years$2,897$2,424$2,019$1,673$1,381$668
18 years$2,707$2,240$1,843$1,508$1,228$564
19 years$2,538$2,076$1,687$1,362$1,094$476
20 years$2,386$1,929$1,548$1,234$977$403
21 years$2,248$1,797$1,424$1,120$875$341
22 years$2,124$1,678$1,312$1,018$784$289
23 years$2,010$1,569$1,212$927$704$246
24 years$1,906$1,470$1,121$846$633$209
25 years$1,810$1,380$1,038$772$569$177
26 years$1,722$1,297$963$706$513$151
27 years$1,640$1,220$894$646$462$128
28 years$1,565$1,150$831$592$417$109
29 years$1,494$1,085$773$543$377$93
30 years$1,429$1,024$720$498$340$79
31 years$1,368$968$672$458$308$67
32 years$1,311$916$627$421$278$57
33 years$1,257$868$585$387$252$49
34 years$1,207$822$547$356$228$42
35 years$1,160$780$511$328$207$35
36 years$1,115$740$478$302$187$30
37 years$1,073$703$447$278$170$26
38 years$1,033$668$419$256$154$22
39 years$995$635$393$236$139$19
40 years$960$605$368$218$126$16
41 years$926$576$345$201$115$14
42 years$894$548$324$186$104$12
43 years$863$522$304$171$94$10
44 years$834$498$285$158$86$8
45 years$806$475$268$146$78$7
46 years$780$453$251$135$71$6
47 years$755$432$236$125$64$5
48 years$731$413$222$115$58$4
49 years$707$394$209$106$53$4
50 years$685$376$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $702,000, adding $3,281 every year, while hoping to spend $22,134 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: 89/5/6 Blend
64$702,000$702,000$702,000$702,000
65$776,988$739,782$728,901$845,733
66$832,691$752,481$729,769$903,650
67$893,333$765,061$729,924$963,867
68$959,395$777,491$729,319$1,029,347
69$1,031,407$789,741$727,905$1,100,604
70$1,109,950$801,778$725,628$1,178,205
71$1,195,664$813,564$722,436$1,262,772
72$1,289,254$825,062$718,271$1,354,991
73$1,391,498$836,229$713,072$1,455,618
74$1,503,248$847,022$706,778$1,565,484
75$1,625,447$857,393$699,322$1,685,506
76$1,759,128$867,292$690,636$1,816,692
77$1,905,434$876,664$680,647$1,960,155
78$2,065,620$885,452$669,279$2,117,117
79$2,241,068$893,594$656,455$2,288,927
80$2,433,302$901,024$642,091$2,477,071
81$2,643,998$907,674$626,101$2,683,184
82$2,875,004$913,468$608,393$2,909,068
83$3,128,354$918,328$588,874$3,156,710
84$3,406,289$922,169$567,445$3,428,295
85$3,711,277$924,902$544,000$3,726,234
86$4,046,036$926,431$518,434$4,053,182
87$4,413,562$926,656$490,631$4,412,062
88$4,817,152$925,469$460,474$4,806,099
89$5,260,441$922,757$427,839$5,238,841
90$5,747,431$918,397$392,597$5,714,202
91$6,282,533$912,262$354,613$6,236,491
92$6,870,604$904,216$313,745$6,810,456
93$7,516,997$894,114$269,847$7,441,332
94$8,227,608$881,803$222,764$8,134,883
95$9,008,934$867,121$172,337$8,897,463
96$9,868,132$849,896$118,396$9,736,072
97$10,813,086$829,946$60,768$10,658,424
98$11,852,486$807,078$0$11,673,018
99$12,995,903$781,089$0$12,789,268
100$14,253,884$751,761$0$14,021,601