Can I retire at age 65 with 709,000?

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 $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%11.9%
1 years$58,549$58,027$57,518$57,022$56,537$56,086
2 years$28,984$28,445$27,921$27,414$26,922$26,468
3 years$19,131$18,589$18,067$17,565$17,081$16,637
4 years$14,205$13,665$13,148$12,654$12,182$11,752
5 years$11,251$10,713$10,204$9,720$9,261$8,846
6 years$9,281$8,748$8,246$7,773$7,328$6,929
7 years$7,875$7,347$6,852$6,391$5,959$5,576
8 years$6,821$6,298$5,811$5,361$4,944$4,577
9 years$6,002$5,483$5,005$4,566$4,163$3,812
10 years$5,347$4,833$4,364$3,936$3,547$3,212
11 years$4,811$4,303$3,842$3,426$3,051$2,730
12 years$4,365$3,862$3,410$3,005$2,644$2,338
13 years$3,988$3,490$3,046$2,653$2,305$2,015
14 years$3,665$3,172$2,737$2,355$2,021$1,744
15 years$3,386$2,898$2,471$2,100$1,779$1,517
16 years$3,141$2,659$2,240$1,880$1,573$1,323
17 years$2,926$2,449$2,039$1,690$1,394$1,158
18 years$2,734$2,263$1,861$1,523$1,240$1,016
19 years$2,563$2,097$1,704$1,376$1,105$894
20 years$2,410$1,949$1,564$1,246$987$787
21 years$2,271$1,815$1,438$1,131$883$695
22 years$2,145$1,694$1,326$1,028$792$614
23 years$2,030$1,585$1,224$936$711$544
24 years$1,925$1,485$1,132$854$639$482
25 years$1,828$1,393$1,048$780$575$427
26 years$1,739$1,310$972$713$518$379
27 years$1,657$1,232$903$653$467$337
28 years$1,580$1,161$839$598$421$299
29 years$1,509$1,096$781$548$380$266
30 years$1,443$1,035$728$503$344$237
31 years$1,382$978$678$462$311$211
32 years$1,324$925$633$425$281$188
33 years$1,270$876$591$391$254$167
34 years$1,219$831$552$359$230$149
35 years$1,171$788$516$331$209$133
36 years$1,126$748$483$305$189$119
37 years$1,084$710$452$281$171$106
38 years$1,043$675$423$259$155$94
39 years$1,005$642$397$239$141$84
40 years$969$611$372$220$128$75
41 years$935$581$348$203$116$67
42 years$903$554$327$187$105$60
43 years$872$527$307$173$95$53
44 years$842$503$288$160$87$48
45 years$814$479$270$148$79$43
46 years$788$457$254$136$71$38
47 years$762$436$239$126$65$34
48 years$738$417$224$116$59$30
49 years$715$398$211$108$53$27
50 years$692$380$198$99$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $709,000, adding $4,631 every year, while hoping to spend $23,598 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: 51/39/10 Blend
64$709,000$709,000$709,000$709,000
65$786,095$748,518$737,528$823,895
66$841,168$760,087$737,127$861,765
67$901,069$771,432$735,922$900,006
68$966,263$782,518$733,861$941,029
69$1,037,265$793,305$730,889$985,103
70$1,114,642$803,752$726,949$1,032,522
71$1,199,016$813,817$721,982$1,083,612
72$1,291,072$823,450$715,925$1,138,734
73$1,391,566$832,603$708,713$1,198,283
74$1,501,327$841,222$700,276$1,262,698
75$1,621,270$849,250$690,543$1,332,462
76$1,752,401$856,625$679,439$1,408,109
77$1,895,830$863,284$666,884$1,490,225
78$2,052,776$869,156$652,795$1,579,461
79$2,224,583$874,168$637,088$1,676,533
80$2,412,730$878,243$619,670$1,782,230
81$2,618,848$881,296$600,448$1,897,426
82$2,844,730$883,239$579,323$2,023,082
83$3,092,353$883,978$556,191$2,160,259
84$3,363,894$883,414$530,944$2,310,130
85$3,661,750$881,440$503,469$2,473,987
86$3,988,561$877,943$473,648$2,653,255
87$4,347,236$872,804$441,358$2,849,508
88$4,740,979$865,897$406,468$3,064,481
89$5,173,320$857,086$368,845$3,300,088
90$5,648,145$846,230$328,348$3,558,442
91$6,169,737$833,176$284,829$3,841,874
92$6,742,814$817,766$238,135$4,152,952
93$7,372,574$799,829$188,105$4,494,513
94$8,064,742$779,186$134,572$4,869,683
95$8,825,626$755,647$77,361$5,281,913
96$9,662,176$729,010$16,289$5,735,007
97$10,582,049$699,063$0$6,233,161
98$11,593,681$665,579$0$6,786,220
99$12,706,365$628,322$0$7,396,267
100$13,930,342$587,037$0$8,067,213