Can I retire at age 65 with 709,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$58,549$58,027$57,518$57,022$56,537$55,715
2 years$28,984$28,445$27,921$27,414$26,922$26,096
3 years$19,131$18,589$18,067$17,565$17,081$16,276
4 years$14,205$13,665$13,148$12,654$12,182$11,404
5 years$11,251$10,713$10,204$9,720$9,261$8,513
6 years$9,281$8,748$8,246$7,773$7,328$6,610
7 years$7,875$7,347$6,852$6,391$5,959$5,273
8 years$6,821$6,298$5,811$5,361$4,944$4,288
9 years$6,002$5,483$5,005$4,566$4,163$3,538
10 years$5,347$4,833$4,364$3,936$3,547$2,952
11 years$4,811$4,303$3,842$3,426$3,051$2,485
12 years$4,365$3,862$3,410$3,005$2,644$2,107
13 years$3,988$3,490$3,046$2,653$2,305$1,796
14 years$3,665$3,172$2,737$2,355$2,021$1,539
15 years$3,386$2,898$2,471$2,100$1,779$1,324
16 years$3,141$2,659$2,240$1,880$1,573$1,142
17 years$2,926$2,449$2,039$1,690$1,394$989
18 years$2,734$2,263$1,861$1,523$1,240$858
19 years$2,563$2,097$1,704$1,376$1,105$745
20 years$2,410$1,949$1,564$1,246$987$649
21 years$2,271$1,815$1,438$1,131$883$566
22 years$2,145$1,694$1,326$1,028$792$494
23 years$2,030$1,585$1,224$936$711$432
24 years$1,925$1,485$1,132$854$639$378
25 years$1,828$1,393$1,048$780$575$331
26 years$1,739$1,310$972$713$518$290
27 years$1,657$1,232$903$653$467$255
28 years$1,580$1,161$839$598$421$223
29 years$1,509$1,096$781$548$380$196
30 years$1,443$1,035$728$503$344$172
31 years$1,382$978$678$462$311$151
32 years$1,324$925$633$425$281$133
33 years$1,270$876$591$391$254$117
34 years$1,219$831$552$359$230$103
35 years$1,171$788$516$331$209$90
36 years$1,126$748$483$305$189$80
37 years$1,084$710$452$281$171$70
38 years$1,043$675$423$259$155$62
39 years$1,005$642$397$239$141$54
40 years$969$611$372$220$128$48
41 years$935$581$348$203$116$42
42 years$903$554$327$187$105$37
43 years$872$527$307$173$95$33
44 years$842$503$288$160$87$29
45 years$814$479$270$148$79$25
46 years$788$457$254$136$71$22
47 years$762$436$239$126$65$20
48 years$738$417$224$116$59$17
49 years$715$398$211$108$53$15
50 years$692$380$198$99$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $709,000, adding $6,192 every year, while hoping to spend $36,719 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: 57/25/18 Blend
64$709,000$709,000$709,000$709,000
65$787,705$750,128$739,139$828,524
66$828,982$747,816$724,831$854,657
67$873,239$744,159$708,813$878,612
68$920,741$739,054$690,990$903,892
69$971,778$732,390$671,260$930,633
70$1,026,670$724,048$649,518$958,984
71$1,085,769$713,904$625,655$989,113
72$1,149,458$701,826$599,555$1,021,206
73$1,218,161$687,674$571,098$1,055,469
74$1,292,343$671,299$540,160$1,092,133
75$1,372,514$652,545$506,607$1,131,452
76$1,459,235$631,245$470,304$1,173,710
77$1,553,124$607,223$431,106$1,219,222
78$1,654,859$580,293$388,864$1,268,337
79$1,765,185$550,258$343,421$1,321,444
80$1,884,923$516,909$294,615$1,378,971
81$2,014,974$480,027$242,273$1,441,397
82$2,156,330$439,377$186,219$1,509,250
83$2,310,084$394,715$126,265$1,583,118
84$2,477,435$345,779$62,218$1,663,649
85$2,659,706$292,294$0$1,751,564
86$2,858,350$233,970$0$1,848,840
87$3,074,967$170,500$0$1,968,009
88$3,311,318$101,559$0$2,098,133
89$3,569,342$26,805$0$2,240,337
90$3,851,174$0$0$2,395,868
91$4,159,162$0$0$2,580,990
92$4,495,892$0$0$2,791,510
93$4,864,212$0$0$3,021,842
94$5,267,258$0$0$3,273,954
95$5,708,481$0$0$3,550,013
96$6,191,685$0$0$3,852,408
97$6,721,054$0$0$4,183,765
98$7,301,201$0$0$4,546,982
99$7,937,202$0$0$4,945,245
100$8,634,651$0$0$5,382,067