Can I retire at age 65 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$58,466$57,945$57,437$56,941$56,457$55,705
2 years$28,944$28,405$27,882$27,376$26,884$26,128
3 years$19,104$18,563$18,042$17,540$17,056$16,319
4 years$14,185$13,646$13,130$12,636$12,165$11,453
5 years$11,235$10,698$10,189$9,706$9,248$8,562
6 years$9,268$8,736$8,234$7,762$7,317$6,659
7 years$7,864$7,336$6,843$6,382$5,951$5,321
8 years$6,812$6,289$5,803$5,353$4,937$4,335
9 years$5,994$5,475$4,998$4,560$4,158$3,583
10 years$5,339$4,826$4,358$3,931$3,542$2,995
11 years$4,805$4,297$3,836$3,421$3,047$2,526
12 years$4,359$3,856$3,405$3,001$2,640$2,145
13 years$3,983$3,485$3,042$2,649$2,302$1,833
14 years$3,660$3,168$2,733$2,351$2,018$1,573
15 years$3,381$2,894$2,468$2,097$1,777$1,356
16 years$3,137$2,655$2,237$1,878$1,570$1,173
17 years$2,922$2,445$2,036$1,687$1,392$1,017
18 years$2,730$2,259$1,858$1,520$1,238$884
19 years$2,560$2,094$1,701$1,374$1,104$770
20 years$2,406$1,946$1,561$1,244$986$672
21 years$2,268$1,813$1,436$1,129$882$588
22 years$2,142$1,692$1,324$1,027$791$514
23 years$2,027$1,582$1,222$935$710$451
24 years$1,922$1,483$1,130$853$638$395
25 years$1,825$1,391$1,047$779$574$347
26 years$1,736$1,308$971$712$517$305
27 years$1,654$1,231$902$652$466$268
28 years$1,578$1,160$838$597$421$236
29 years$1,507$1,094$780$548$380$207
30 years$1,441$1,033$727$503$343$183
31 years$1,380$977$677$462$310$161
32 years$1,322$924$632$424$281$142
33 years$1,268$875$590$390$254$125
34 years$1,217$829$551$359$230$110
35 years$1,169$787$515$330$208$97
36 years$1,124$747$482$304$189$86
37 years$1,082$709$451$280$171$76
38 years$1,042$674$423$258$155$67
39 years$1,004$641$396$238$141$59
40 years$968$610$371$220$128$52
41 years$934$580$348$203$116$46
42 years$901$553$326$187$105$40
43 years$871$527$306$173$95$36
44 years$841$502$288$160$87$32
45 years$813$479$270$147$79$28
46 years$787$457$254$136$71$25
47 years$761$436$238$126$65$22
48 years$737$416$224$116$59$19
49 years$714$397$210$107$53$17
50 years$691$380$198$99$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $708,000, adding $4,145 every year, while hoping to spend $28,380 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: 85/9/6 Blend
64$708,000$708,000$708,000$708,000
65$784,492$746,968$735,994$850,595
66$834,314$753,373$730,453$900,735
67$888,266$759,141$723,776$951,491
68$946,741$764,210$715,894$1,006,346
69$1,010,168$768,516$706,736$1,065,691
70$1,079,021$771,989$696,228$1,129,959
71$1,153,820$774,555$684,290$1,199,625
72$1,235,138$776,137$670,842$1,275,214
73$1,323,604$776,650$655,797$1,357,303
74$1,419,912$776,006$639,067$1,446,527
75$1,524,825$774,112$620,557$1,543,585
76$1,639,181$770,868$600,170$1,649,249
77$1,763,904$766,167$577,803$1,764,368
78$1,900,012$759,898$553,348$1,889,876
79$2,048,622$751,943$526,695$2,026,804
80$2,210,967$742,173$497,725$2,176,286
81$2,388,403$730,457$466,316$2,339,573
82$2,582,423$716,652$432,340$2,518,043
83$2,794,670$700,608$395,663$2,713,211
84$3,026,956$682,167$356,147$2,926,751
85$3,281,272$661,160$313,644$3,160,505
86$3,559,813$637,408$268,003$3,416,502
87$3,864,997$610,725$219,065$3,696,979
88$4,199,486$580,909$166,662$4,004,400
89$4,566,210$547,750$110,622$4,341,480
90$4,968,399$511,026$50,764$4,711,213
91$5,409,610$470,500$0$5,116,894
92$5,893,758$425,922$0$5,562,999
93$6,425,159$377,030$0$6,056,212
94$7,008,566$323,545$0$6,597,708
95$7,649,213$265,173$0$7,192,362
96$8,352,868$201,601$0$7,845,547
97$9,125,885$132,504$0$8,563,183
98$9,975,261$57,532$0$9,351,793
99$10,908,707$0$0$10,218,564
100$11,934,718$0$0$11,173,764