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%11%
1 years$58,796$58,273$57,762$57,263$56,776$56,537
2 years$29,107$28,565$28,040$27,530$27,036$26,795
3 years$19,212$18,668$18,143$17,639$17,153$16,917
4 years$14,265$13,723$13,204$12,708$12,234$12,004
5 years$11,298$10,759$10,247$9,761$9,300$9,078
6 years$9,321$8,785$8,281$7,806$7,359$7,145
7 years$7,909$7,378$6,881$6,418$5,984$5,779
8 years$6,850$6,324$5,836$5,384$4,965$4,767
9 years$6,028$5,506$5,027$4,586$4,181$3,992
10 years$5,370$4,854$4,382$3,953$3,562$3,381
11 years$4,832$4,321$3,858$3,440$3,064$2,890
12 years$4,384$3,878$3,424$3,017$2,655$2,489
13 years$4,005$3,505$3,059$2,664$2,315$2,157
14 years$3,681$3,186$2,749$2,365$2,030$1,879
15 years$3,400$2,910$2,482$2,109$1,787$1,643
16 years$3,154$2,670$2,250$1,888$1,579$1,443
17 years$2,938$2,459$2,047$1,697$1,400$1,270
18 years$2,746$2,272$1,869$1,529$1,245$1,122
19 years$2,574$2,106$1,711$1,382$1,110$993
20 years$2,420$1,957$1,570$1,251$991$881
21 years$2,280$1,823$1,444$1,136$887$782
22 years$2,154$1,701$1,331$1,033$795$696
23 years$2,038$1,591$1,229$940$714$620
24 years$1,933$1,491$1,137$858$642$553
25 years$1,836$1,399$1,053$783$577$494
26 years$1,746$1,315$976$716$520$442
27 years$1,664$1,238$907$656$469$395
28 years$1,587$1,166$843$601$423$354
29 years$1,516$1,100$784$551$382$317
30 years$1,449$1,039$731$505$345$284
31 years$1,387$982$681$464$312$255
32 years$1,329$929$636$427$282$229
33 years$1,275$880$593$392$255$205
34 years$1,224$834$554$361$231$184
35 years$1,176$791$518$332$209$166
36 years$1,131$751$485$306$190$149
37 years$1,088$713$454$282$172$134
38 years$1,048$678$425$260$156$120
39 years$1,010$645$398$240$141$108
40 years$973$613$373$221$128$97
41 years$939$584$350$204$116$87
42 years$906$556$328$188$106$79
43 years$875$530$308$174$96$71
44 years$846$505$289$160$87$64
45 years$818$481$272$148$79$57
46 years$791$459$255$137$72$52
47 years$765$438$240$126$65$46
48 years$741$418$225$117$59$42
49 years$718$400$212$108$54$38
50 years$695$382$199$100$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $712,000, adding $4,554 every year, while hoping to spend $59,741 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: 61/21/18 Blend
64$712,000$712,000$712,000$712,000
65$789,321$751,585$740,549$833,560
66$806,268$724,849$701,794$837,214
67$822,941$694,801$659,738$834,136
68$839,250$661,214$614,207$829,392
69$855,091$623,852$565,021$822,828
70$870,351$582,461$511,990$814,275
71$884,901$536,775$454,916$803,552
72$898,597$486,513$393,591$790,462
73$911,277$431,376$327,800$774,790
74$922,764$371,050$257,318$756,306
75$932,856$305,201$181,908$734,757
76$941,330$233,479$101,325$709,871
77$947,939$155,513$15,312$681,352
78$952,405$70,909$0$648,877
79$954,421$0$0$626,786
80$953,647$0$0$608,897
81$949,703$0$0$605,233
82$942,169$0$0$599,123
83$930,577$0$0$590,253
84$914,410$0$0$578,273
85$893,095$0$0$562,798
86$865,997$0$0$543,399
87$832,412$0$0$519,602
88$791,560$0$0$490,882
89$742,580$0$0$456,658
90$684,518$0$0$416,288
91$616,319$0$0$369,062
92$536,816$0$0$314,193
93$444,720$0$0$250,814
94$338,603$0$0$177,964
95$216,891$0$0$94,583
96$77,842$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0