Can I retire at age 65 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$58,053$57,536$57,031$56,539$56,058$55,450
2 years$28,739$28,204$27,685$27,182$26,694$26,082
3 years$18,969$18,432$17,914$17,416$16,936$16,338
4 years$14,085$13,549$13,037$12,547$12,079$11,500
5 years$11,155$10,623$10,117$9,637$9,182$8,625
6 years$9,203$8,674$8,176$7,707$7,266$6,730
7 years$7,809$7,285$6,794$6,336$5,909$5,395
8 years$6,764$6,244$5,762$5,316$4,902$4,411
9 years$5,951$5,437$4,963$4,528$4,128$3,659
10 years$5,302$4,792$4,327$3,903$3,517$3,069
11 years$4,771$4,266$3,809$3,397$3,025$2,598
12 years$4,328$3,829$3,381$2,979$2,621$2,215
13 years$3,954$3,460$3,020$2,630$2,286$1,900
14 years$3,634$3,145$2,714$2,335$2,004$1,637
15 years$3,357$2,873$2,450$2,082$1,764$1,417
16 years$3,115$2,636$2,221$1,864$1,559$1,231
17 years$2,901$2,428$2,021$1,675$1,383$1,072
18 years$2,711$2,244$1,845$1,510$1,229$936
19 years$2,542$2,079$1,689$1,364$1,096$819
20 years$2,389$1,932$1,550$1,236$979$718
21 years$2,252$1,800$1,426$1,121$876$630
22 years$2,127$1,680$1,314$1,020$785$554
23 years$2,013$1,571$1,214$928$705$488
24 years$1,908$1,472$1,122$847$633$430
25 years$1,812$1,382$1,039$773$570$379
26 years$1,724$1,298$964$707$513$335
27 years$1,643$1,222$895$647$463$296
28 years$1,567$1,151$832$593$418$261
29 years$1,497$1,086$774$544$377$231
30 years$1,431$1,026$721$499$341$204
31 years$1,370$970$673$458$308$181
32 years$1,313$918$627$421$279$160
33 years$1,259$869$586$387$252$142
34 years$1,209$824$547$356$228$126
35 years$1,161$781$512$328$207$112
36 years$1,117$741$479$302$187$99
37 years$1,074$704$448$278$170$88
38 years$1,035$669$420$257$154$78
39 years$997$636$393$237$140$69
40 years$961$605$369$218$127$61
41 years$927$576$346$201$115$54
42 years$895$549$324$186$104$48
43 years$864$523$304$172$95$43
44 years$835$499$286$158$86$38
45 years$807$475$268$146$78$34
46 years$781$454$252$135$71$30
47 years$756$433$237$125$64$27
48 years$732$413$222$115$58$24
49 years$708$395$209$107$53$21
50 years$686$377$196$99$48$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $703,000, adding $5,822 every year, while hoping to spend $36,290 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: 39/37/24 Blend
64$703,000$703,000$703,000$703,000
65$780,711$743,452$732,556$805,397
66$821,732$741,269$718,484$821,632
67$865,720$737,763$702,725$835,348
68$912,940$732,830$685,183$849,459
69$963,683$726,362$665,759$864,024
70$1,018,266$718,241$644,350$879,109
71$1,077,040$708,346$620,847$894,789
72$1,140,389$696,545$595,136$911,151
73$1,208,734$682,702$567,098$928,294
74$1,282,539$666,668$536,610$946,328
75$1,362,314$648,291$503,542$965,381
76$1,448,617$627,404$467,759$985,597
77$1,542,065$603,836$429,118$1,007,136
78$1,643,334$577,403$387,472$1,030,183
79$1,753,168$547,909$342,665$1,054,942
80$1,872,385$515,150$294,538$1,081,647
81$2,001,884$478,908$242,921$1,110,557
82$2,142,655$438,954$187,638$1,141,965
83$2,295,787$395,043$128,505$1,176,200
84$2,462,478$346,921$65,330$1,213,629
85$2,644,045$294,315$0$1,254,663
86$2,841,940$236,939$0$1,300,299
87$3,057,759$174,490$0$1,368,403
88$3,293,258$106,648$0$1,442,859
89$3,550,372$33,075$0$1,524,368
90$3,831,229$0$0$1,613,704
91$4,138,174$0$0$1,730,696
92$4,473,785$0$0$1,873,430
93$4,840,905$0$0$2,029,657
94$5,242,662$0$0$2,200,722
95$5,682,499$0$0$2,388,102
96$6,164,209$0$0$2,593,427
97$6,691,970$0$0$2,818,489
98$7,270,381$0$0$3,065,265
99$7,904,509$0$0$3,335,929
100$8,599,933$0$0$3,632,879