Can I retire at age 65 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$58,218$57,700$57,194$56,700$56,218$55,264
2 years$28,821$28,284$27,764$27,260$26,770$25,812
3 years$19,023$18,484$17,965$17,465$16,984$16,052
4 years$14,125$13,588$13,074$12,583$12,113$11,213
5 years$11,187$10,653$10,146$9,665$9,208$8,344
6 years$9,229$8,699$8,199$7,729$7,286$6,458
7 years$7,831$7,305$6,814$6,354$5,926$5,134
8 years$6,783$6,262$5,779$5,331$4,916$4,161
9 years$5,968$5,452$4,977$4,541$4,140$3,421
10 years$5,317$4,806$4,339$3,914$3,527$2,844
11 years$4,784$4,278$3,820$3,406$3,034$2,385
12 years$4,341$3,840$3,390$2,988$2,629$2,014
13 years$3,966$3,470$3,029$2,638$2,292$1,711
14 years$3,645$3,154$2,722$2,342$2,010$1,460
15 years$3,366$2,882$2,457$2,088$1,769$1,250
16 years$3,123$2,644$2,228$1,870$1,564$1,074
17 years$2,909$2,435$2,027$1,680$1,387$926
18 years$2,719$2,250$1,851$1,514$1,233$800
19 years$2,549$2,085$1,694$1,368$1,099$692
20 years$2,396$1,938$1,555$1,239$982$600
21 years$2,258$1,805$1,430$1,124$878$521
22 years$2,133$1,685$1,318$1,022$787$453
23 years$2,018$1,576$1,217$931$707$394
24 years$1,914$1,476$1,126$849$635$343
25 years$1,818$1,385$1,042$776$572$299
26 years$1,729$1,302$967$709$515$261
27 years$1,647$1,225$898$649$464$228
28 years$1,571$1,155$835$595$419$199
29 years$1,501$1,089$777$545$378$174
30 years$1,435$1,029$723$501$342$152
31 years$1,374$973$674$460$309$133
32 years$1,316$920$629$422$279$116
33 years$1,263$871$588$388$253$102
34 years$1,212$826$549$357$229$89
35 years$1,164$783$513$329$207$78
36 years$1,120$744$480$303$188$68
37 years$1,077$706$449$279$170$60
38 years$1,037$671$421$257$154$52
39 years$1,000$638$394$237$140$46
40 years$964$607$370$219$127$40
41 years$930$578$347$202$115$35
42 years$898$550$325$186$105$31
43 years$867$524$305$172$95$27
44 years$838$500$286$159$86$24
45 years$810$477$269$147$78$21
46 years$783$455$253$136$71$18
47 years$758$434$237$125$64$16
48 years$734$414$223$116$59$14
49 years$710$396$210$107$53$12
50 years$688$378$197$99$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $705,000, adding $3,804 every year, while hoping to spend $50,734 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: 85/5/10 Blend
64$705,000$705,000$705,000$705,000
65$780,834$743,469$732,541$845,747
66$806,498$725,918$703,101$871,180
67$833,080$705,807$670,974$891,861
68$860,619$682,957$636,016$913,008
69$889,158$657,178$598,079$934,635
70$918,742$628,269$557,004$956,758
71$949,419$596,019$512,629$979,393
72$981,239$560,203$464,781$1,002,558
73$1,014,256$520,584$413,282$1,026,275
74$1,048,528$476,911$357,945$1,050,563
75$1,084,117$428,918$298,575$1,075,448
76$1,121,088$376,327$234,969$1,100,955
77$1,159,512$318,839$166,913$1,127,111
78$1,199,463$256,143$94,185$1,153,950
79$1,241,022$187,908$16,554$1,181,504
80$1,284,275$113,784$0$1,209,812
81$1,329,315$33,404$0$1,245,989
82$1,376,241$0$0$1,285,351
83$1,425,161$0$0$1,329,160
84$1,476,191$0$0$1,376,776
85$1,529,453$0$0$1,426,479
86$1,585,083$0$0$1,478,394
87$1,643,225$0$0$1,532,655
88$1,704,037$0$0$1,589,411
89$1,767,687$0$0$1,648,820
90$1,834,360$0$0$1,711,052
91$1,904,254$0$0$1,776,295
92$1,977,584$0$0$1,844,750
93$2,054,586$0$0$1,916,637
94$2,135,514$0$0$1,992,193
95$2,220,644$0$0$2,071,678
96$2,310,278$0$0$2,155,373
97$2,404,743$0$0$2,243,586
98$2,504,396$0$0$2,336,649
99$2,609,626$0$0$2,434,928
100$2,720,858$0$0$2,538,820