Can I retire at age 65 with 712,000?

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 $712,000?

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$58,796$58,273$57,762$57,263$56,776$55,951
2 years$29,107$28,565$28,040$27,530$27,036$26,206
3 years$19,212$18,668$18,143$17,639$17,153$16,344
4 years$14,265$13,723$13,204$12,708$12,234$11,453
5 years$11,298$10,759$10,247$9,761$9,300$8,549
6 years$9,321$8,785$8,281$7,806$7,359$6,638
7 years$7,909$7,378$6,881$6,418$5,984$5,295
8 years$6,850$6,324$5,836$5,384$4,965$4,306
9 years$6,028$5,506$5,027$4,586$4,181$3,553
10 years$5,370$4,854$4,382$3,953$3,562$2,965
11 years$4,832$4,321$3,858$3,440$3,064$2,496
12 years$4,384$3,878$3,424$3,017$2,655$2,116
13 years$4,005$3,505$3,059$2,664$2,315$1,804
14 years$3,681$3,186$2,749$2,365$2,030$1,545
15 years$3,400$2,910$2,482$2,109$1,787$1,329
16 years$3,154$2,670$2,250$1,888$1,579$1,147
17 years$2,938$2,459$2,047$1,697$1,400$993
18 years$2,746$2,272$1,869$1,529$1,245$861
19 years$2,574$2,106$1,711$1,382$1,110$749
20 years$2,420$1,957$1,570$1,251$991$652
21 years$2,280$1,823$1,444$1,136$887$569
22 years$2,154$1,701$1,331$1,033$795$496
23 years$2,038$1,591$1,229$940$714$434
24 years$1,933$1,491$1,137$858$642$380
25 years$1,836$1,399$1,053$783$577$333
26 years$1,746$1,315$976$716$520$292
27 years$1,664$1,238$907$656$469$256
28 years$1,587$1,166$843$601$423$224
29 years$1,516$1,100$784$551$382$197
30 years$1,449$1,039$731$505$345$173
31 years$1,387$982$681$464$312$152
32 years$1,329$929$636$427$282$134
33 years$1,275$880$593$392$255$117
34 years$1,224$834$554$361$231$103
35 years$1,176$791$518$332$209$91
36 years$1,131$751$485$306$190$80
37 years$1,088$713$454$282$172$70
38 years$1,048$678$425$260$156$62
39 years$1,010$645$398$240$141$55
40 years$973$613$373$221$128$48
41 years$939$584$350$204$116$42
42 years$906$556$328$188$106$37
43 years$875$530$308$174$96$33
44 years$846$505$289$160$87$29
45 years$818$481$272$148$79$25
46 years$791$459$255$137$72$22
47 years$765$438$240$126$65$20
48 years$741$418$225$117$59$17
49 years$718$400$212$108$54$15
50 years$695$382$199$100$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $712,000, adding $4,175 every year, while hoping to spend $58,166 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: 72/11/17 Blend
64$712,000$712,000$712,000$712,000
65$788,931$751,195$740,159$842,328
66$807,513$726,115$703,066$853,256
67$826,042$697,857$662,781$857,784
68$844,450$666,203$619,135$861,238
69$862,661$630,924$571,954$863,503
70$880,590$591,777$521,052$864,449
71$898,141$548,505$466,238$863,937
72$915,205$500,836$407,311$861,815
73$931,662$448,483$344,062$857,918
74$947,376$391,143$276,272$852,063
75$962,193$328,494$203,712$844,054
76$975,945$260,199$126,145$833,675
77$988,442$185,898$43,321$820,689
78$999,471$105,215$0$804,841
79$1,008,796$17,750$0$794,023
80$1,016,155$0$0$788,672
81$1,021,255$0$0$789,949
82$1,023,771$0$0$791,304
83$1,023,342$0$0$790,302
84$1,019,566$0$0$786,624
85$1,011,998$0$0$779,915
86$1,000,144$0$0$769,784
87$983,456$0$0$755,794
88$961,326$0$0$737,463
89$933,083$0$0$714,257
90$897,980$0$0$685,583
91$855,192$0$0$650,786
92$803,808$0$0$609,141
93$742,816$0$0$559,845
94$671,098$0$0$502,012
95$587,420$0$0$434,659
96$490,415$0$0$356,701
97$378,572$0$0$266,939
98$250,222$0$0$164,048
99$103,521$0$0$46,563
100$0$0$0$0