Can I retire at age 65 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$58,631$58,109$57,599$57,102$56,616$56,189
2 years$29,025$28,485$27,961$27,453$26,960$26,529
3 years$19,158$18,615$18,093$17,589$17,105$16,684
4 years$14,225$13,684$13,167$12,672$12,199$11,791
5 years$11,266$10,728$10,218$9,733$9,274$8,880
6 years$9,295$8,761$8,258$7,784$7,338$6,959
7 years$7,887$7,357$6,862$6,400$5,968$5,604
8 years$6,831$6,306$5,820$5,368$4,951$4,602
9 years$6,011$5,491$5,012$4,573$4,169$3,835
10 years$5,355$4,840$4,370$3,942$3,552$3,233
11 years$4,818$4,309$3,847$3,430$3,055$2,750
12 years$4,372$3,867$3,414$3,009$2,648$2,357
13 years$3,994$3,495$3,050$2,656$2,309$2,032
14 years$3,670$3,177$2,741$2,358$2,024$1,760
15 years$3,390$2,902$2,475$2,103$1,782$1,532
16 years$3,146$2,663$2,244$1,883$1,575$1,337
17 years$2,930$2,452$2,042$1,692$1,396$1,171
18 years$2,738$2,266$1,864$1,525$1,242$1,029
19 years$2,567$2,100$1,706$1,378$1,107$905
20 years$2,413$1,951$1,566$1,248$989$798
21 years$2,274$1,818$1,440$1,132$885$705
22 years$2,148$1,697$1,327$1,030$793$624
23 years$2,033$1,587$1,226$938$712$552
24 years$1,927$1,487$1,133$855$640$490
25 years$1,830$1,395$1,050$781$576$435
26 years$1,741$1,311$974$714$519$386
27 years$1,659$1,234$904$654$468$343
28 years$1,582$1,163$841$599$422$305
29 years$1,511$1,097$782$549$381$272
30 years$1,445$1,036$729$504$344$242
31 years$1,383$979$679$463$311$216
32 years$1,326$927$634$425$281$192
33 years$1,272$878$592$391$255$171
34 years$1,221$832$553$360$231$153
35 years$1,173$789$517$331$209$136
36 years$1,128$749$484$305$189$122
37 years$1,085$711$453$281$172$109
38 years$1,045$676$424$259$156$97
39 years$1,007$643$397$239$141$87
40 years$971$612$372$220$128$77
41 years$936$582$349$203$116$69
42 years$904$554$327$188$105$62
43 years$873$528$307$173$96$55
44 years$844$503$288$160$87$49
45 years$816$480$271$148$79$44
46 years$789$458$254$136$72$39
47 years$763$437$239$126$65$35
48 years$739$417$225$117$59$32
49 years$716$398$211$108$54$28
50 years$693$381$198$100$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $710,000, adding $5,780 every year, while hoping to spend $33,126 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: 57/19/24 Blend
64$710,000$710,000$710,000$710,000
65$788,382$750,752$739,747$827,883
66$833,551$752,293$729,283$857,078
67$882,217$752,799$717,358$884,874
68$934,702$752,185$703,888$914,465
69$991,359$750,360$688,786$946,033
70$1,052,577$747,226$671,959$979,780
71$1,118,782$742,683$653,312$1,015,930
72$1,190,443$736,620$632,743$1,054,731
73$1,268,077$728,922$610,148$1,096,458
74$1,352,249$719,468$585,417$1,141,416
75$1,443,585$708,128$558,434$1,189,942
76$1,542,769$694,765$529,080$1,242,409
77$1,650,555$679,232$497,229$1,299,233
78$1,767,775$661,377$462,749$1,360,870
79$1,895,339$641,037$425,502$1,427,827
80$2,034,254$618,038$385,347$1,500,667
81$2,185,625$592,198$342,132$1,580,009
82$2,350,667$563,324$295,702$1,666,540
83$2,530,720$531,212$245,893$1,761,021
84$2,727,257$495,645$192,535$1,864,292
85$2,941,901$456,395$135,448$1,977,283
86$3,176,437$413,221$74,448$2,101,019
87$3,432,831$365,866$9,339$2,236,639
88$3,713,248$314,062$0$2,385,397
89$4,020,071$257,523$0$2,564,083
90$4,355,924$195,947$0$2,762,382
91$4,723,697$129,018$0$2,979,652
92$5,126,573$56,398$0$3,217,824
93$5,568,054$0$0$3,479,029
94$6,052,002$0$0$3,770,271
95$6,582,667$0$0$4,102,619
96$7,164,731$0$0$4,467,221
97$7,803,350$0$0$4,867,317
98$8,504,204$0$0$5,306,472
99$9,273,550$0$0$5,788,615
100$10,118,280$0$0$6,318,075