Can I retire at age 65 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$58,136$57,618$57,113$56,619$56,138$55,668
2 years$28,780$28,244$27,725$27,221$26,732$26,258
3 years$18,996$18,458$17,940$17,441$16,960$16,497
4 years$14,105$13,568$13,055$12,565$12,096$11,648
5 years$11,171$10,638$10,132$9,651$9,195$8,763
6 years$9,216$8,687$8,188$7,718$7,276$6,860
7 years$7,820$7,295$6,804$6,345$5,917$5,518
8 years$6,773$6,253$5,770$5,323$4,909$4,526
9 years$5,960$5,444$4,970$4,534$4,134$3,768
10 years$5,309$4,799$4,333$3,908$3,522$3,172
11 years$4,777$4,272$3,815$3,401$3,029$2,695
12 years$4,335$3,835$3,385$2,984$2,625$2,307
13 years$3,960$3,465$3,025$2,634$2,289$1,986
14 years$3,639$3,150$2,718$2,338$2,007$1,719
15 years$3,362$2,877$2,454$2,085$1,767$1,493
16 years$3,119$2,640$2,225$1,867$1,562$1,302
17 years$2,905$2,431$2,024$1,678$1,385$1,139
18 years$2,715$2,247$1,848$1,512$1,231$999
19 years$2,545$2,082$1,692$1,366$1,097$877
20 years$2,393$1,935$1,553$1,237$980$773
21 years$2,255$1,802$1,428$1,123$877$681
22 years$2,130$1,682$1,316$1,021$786$602
23 years$2,015$1,573$1,215$930$706$532
24 years$1,911$1,474$1,124$848$634$471
25 years$1,815$1,384$1,041$774$571$418
26 years$1,727$1,300$965$708$514$370
27 years$1,645$1,224$897$648$464$329
28 years$1,569$1,153$833$594$418$292
29 years$1,499$1,088$776$545$378$259
30 years$1,433$1,027$722$500$341$231
31 years$1,372$971$673$459$309$205
32 years$1,314$919$628$422$279$183
33 years$1,261$870$587$388$253$163
34 years$1,210$825$548$357$229$145
35 years$1,163$782$513$329$207$129
36 years$1,118$743$479$303$188$115
37 years$1,076$705$449$279$170$102
38 years$1,036$670$420$257$154$91
39 years$998$637$394$237$140$81
40 years$962$606$369$219$127$73
41 years$929$577$346$202$115$65
42 years$896$550$325$186$104$58
43 years$866$524$305$172$95$51
44 years$836$499$286$159$86$46
45 years$809$476$268$146$78$41
46 years$782$454$252$135$71$37
47 years$757$433$237$125$64$33
48 years$733$414$223$116$58$29
49 years$709$395$209$107$53$26
50 years$687$377$197$99$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $704,000, adding $2,267 every year, while hoping to spend $52,997 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: 65/24/11 Blend
64$704,000$704,000$704,000$704,000
65$778,146$740,834$729,922$826,689
66$801,129$720,747$697,986$839,264
67$824,679$697,899$663,204$846,572
68$848,800$672,099$625,425$853,209
69$873,491$643,145$584,490$859,106
70$898,751$610,823$540,234$864,191
71$924,576$574,907$492,485$868,383
72$950,962$535,156$441,062$871,599
73$977,899$491,318$385,777$873,748
74$1,005,378$443,125$326,433$874,731
75$1,033,382$390,294$262,824$874,445
76$1,061,895$332,526$194,737$872,776
77$1,090,894$269,506$121,946$869,605
78$1,120,352$200,899$44,219$864,801
79$1,150,239$126,353$0$858,226
80$1,180,515$45,496$0$854,277
81$1,211,137$0$0$854,080
82$1,242,055$0$0$863,408
83$1,273,208$0$0$884,896
84$1,304,530$0$0$906,478
85$1,335,943$0$0$928,098
86$1,367,358$0$0$949,692
87$1,398,674$0$0$971,187
88$1,429,778$0$0$992,500
89$1,460,540$0$0$1,013,538
90$1,490,815$0$0$1,034,195
91$1,520,438$0$0$1,054,354
92$1,549,227$0$0$1,073,881
93$1,576,974$0$0$1,092,628
94$1,603,447$0$0$1,110,426
95$1,628,388$0$0$1,127,090
96$1,651,506$0$0$1,142,411
97$1,672,479$0$0$1,156,156
98$1,690,945$0$0$1,168,066
99$1,706,503$0$0$1,177,850
100$1,718,705$0$0$1,185,188