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%12.5%
1 years$58,631$58,109$57,599$57,102$56,616$56,025
2 years$29,025$28,485$27,961$27,453$26,960$26,365
3 years$19,158$18,615$18,093$17,589$17,105$16,524
4 years$14,225$13,684$13,167$12,672$12,199$11,637
5 years$11,266$10,728$10,218$9,733$9,274$8,732
6 years$9,295$8,761$8,258$7,784$7,338$6,817
7 years$7,887$7,357$6,862$6,400$5,968$5,468
8 years$6,831$6,306$5,820$5,368$4,951$4,473
9 years$6,011$5,491$5,012$4,573$4,169$3,712
10 years$5,355$4,840$4,370$3,942$3,552$3,116
11 years$4,818$4,309$3,847$3,430$3,055$2,639
12 years$4,372$3,867$3,414$3,009$2,648$2,252
13 years$3,994$3,495$3,050$2,656$2,309$1,933
14 years$3,670$3,177$2,741$2,358$2,024$1,667
15 years$3,390$2,902$2,475$2,103$1,782$1,443
16 years$3,146$2,663$2,244$1,883$1,575$1,254
17 years$2,930$2,452$2,042$1,692$1,396$1,093
18 years$2,738$2,266$1,864$1,525$1,242$955
19 years$2,567$2,100$1,706$1,378$1,107$836
20 years$2,413$1,951$1,566$1,248$989$734
21 years$2,274$1,818$1,440$1,132$885$645
22 years$2,148$1,697$1,327$1,030$793$567
23 years$2,033$1,587$1,226$938$712$500
24 years$1,927$1,487$1,133$855$640$441
25 years$1,830$1,395$1,050$781$576$389
26 years$1,741$1,311$974$714$519$344
27 years$1,659$1,234$904$654$468$304
28 years$1,582$1,163$841$599$422$269
29 years$1,511$1,097$782$549$381$238
30 years$1,445$1,036$729$504$344$211
31 years$1,383$979$679$463$311$187
32 years$1,326$927$634$425$281$165
33 years$1,272$878$592$391$255$147
34 years$1,221$832$553$360$231$130
35 years$1,173$789$517$331$209$115
36 years$1,128$749$484$305$189$102
37 years$1,085$711$453$281$172$91
38 years$1,045$676$424$259$156$81
39 years$1,007$643$397$239$141$72
40 years$971$612$372$220$128$64
41 years$936$582$349$203$116$56
42 years$904$554$327$188$105$50
43 years$873$528$307$173$96$45
44 years$844$503$288$160$87$40
45 years$816$480$271$148$79$35
46 years$789$458$254$136$72$31
47 years$763$437$239$126$65$28
48 years$739$417$225$117$59$25
49 years$716$398$211$108$54$22
50 years$693$381$198$100$49$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $710,000, adding $5,104 every year, while hoping to spend $45,036 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: 36/35/29 Blend
64$710,000$710,000$710,000$710,000
65$787,685$750,055$739,050$809,042
66$820,111$738,890$715,890$814,247
67$854,335$725,668$690,445$815,440
68$890,492$710,241$662,591$815,871
69$928,732$692,453$632,197$815,503
70$969,216$672,136$599,129$814,299
71$1,012,120$649,115$563,244$812,221
72$1,057,638$623,203$524,394$809,234
73$1,105,981$594,204$482,425$805,302
74$1,157,379$561,908$437,174$800,392
75$1,212,086$526,095$388,473$794,473
76$1,270,377$486,532$336,145$787,516
77$1,332,555$442,972$280,006$779,496
78$1,398,952$395,154$219,863$770,390
79$1,469,933$342,804$155,516$760,182
80$1,545,894$285,629$86,753$748,861
81$1,627,273$223,323$13,358$736,420
82$1,714,549$155,560$0$722,862
83$1,808,248$81,998$0$728,303
84$1,908,947$2,273$0$738,378
85$2,017,279$0$0$749,059
86$2,133,941$0$0$792,824
87$2,259,695$0$0$841,020
88$2,395,381$0$0$893,103
89$2,541,921$0$0$949,437
90$2,700,327$0$0$1,010,421
91$2,871,714$0$0$1,076,497
92$3,057,304$0$0$1,148,147
93$3,258,444$0$0$1,225,904
94$3,476,613$0$0$1,310,352
95$3,713,438$0$0$1,402,135
96$3,970,709$0$0$1,501,961
97$4,250,395$0$0$1,610,609
98$4,554,660$0$0$1,728,936
99$4,885,889$0$0$1,857,884
100$5,246,702$0$0$1,998,492