Can I retire at age 65 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$58,961$58,436$57,924$57,424$56,935$55,969
2 years$29,189$28,645$28,118$27,608$27,112$26,142
3 years$19,266$18,720$18,194$17,688$17,201$16,256
4 years$14,305$13,761$13,241$12,744$12,268$11,357
5 years$11,330$10,789$10,275$9,788$9,326$8,450
6 years$9,347$8,810$8,304$7,828$7,379$6,541
7 years$7,931$7,399$6,901$6,436$6,001$5,200
8 years$6,870$6,342$5,852$5,399$4,979$4,214
9 years$6,044$5,522$5,041$4,598$4,193$3,465
10 years$5,385$4,867$4,395$3,964$3,572$2,880
11 years$4,845$4,333$3,869$3,450$3,072$2,415
12 years$4,396$3,889$3,434$3,026$2,662$2,040
13 years$4,016$3,515$3,068$2,671$2,322$1,732
14 years$3,691$3,195$2,756$2,371$2,035$1,478
15 years$3,409$2,918$2,489$2,115$1,792$1,266
16 years$3,163$2,678$2,256$1,894$1,584$1,088
17 years$2,946$2,466$2,053$1,701$1,404$938
18 years$2,754$2,279$1,874$1,533$1,249$810
19 years$2,581$2,112$1,716$1,385$1,113$701
20 years$2,427$1,962$1,575$1,255$994$608
21 years$2,287$1,828$1,448$1,139$890$528
22 years$2,160$1,706$1,335$1,035$797$459
23 years$2,044$1,596$1,233$943$716$399
24 years$1,938$1,495$1,140$860$643$348
25 years$1,841$1,403$1,056$785$579$303
26 years$1,751$1,319$979$718$521$264
27 years$1,668$1,241$909$657$470$231
28 years$1,591$1,169$845$602$424$201
29 years$1,520$1,103$787$552$383$176
30 years$1,453$1,042$733$507$346$154
31 years$1,391$985$683$466$313$134
32 years$1,333$932$637$428$283$118
33 years$1,279$883$595$393$256$103
34 years$1,227$837$556$362$232$90
35 years$1,179$793$520$333$210$79
36 years$1,134$753$486$307$190$69
37 years$1,091$715$455$283$173$60
38 years$1,051$680$426$261$156$53
39 years$1,012$646$399$240$142$46
40 years$976$615$374$222$129$41
41 years$942$585$351$205$117$36
42 years$909$557$329$189$106$31
43 years$878$531$309$174$96$27
44 years$848$506$290$161$87$24
45 years$820$483$272$149$79$21
46 years$793$461$256$137$72$18
47 years$768$440$240$127$65$16
48 years$743$420$226$117$59$14
49 years$720$401$212$108$54$12
50 years$697$383$200$100$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $714,000, adding $5,480 every year, while hoping to spend $34,955 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: 62/12/26 Blend
64$714,000$714,000$714,000$714,000
65$792,481$754,639$743,572$835,814
66$836,122$754,424$731,289$865,638
67$883,043$753,027$717,424$893,886
68$933,541$750,354$701,886$923,971
69$987,944$746,303$684,581$956,078
70$1,046,610$740,768$665,410$990,413
71$1,109,934$733,635$644,271$1,027,204
72$1,178,349$724,785$621,056$1,066,702
73$1,252,331$714,089$595,651$1,109,186
74$1,332,404$701,414$567,941$1,154,967
75$1,419,142$686,617$537,800$1,204,385
76$1,513,179$669,546$505,101$1,257,820
77$1,615,210$650,041$469,709$1,315,690
78$1,726,001$627,932$431,483$1,378,461
79$1,846,393$603,040$390,277$1,446,643
80$1,977,311$575,175$345,938$1,520,806
81$2,119,774$544,136$298,304$1,601,577
82$2,274,903$509,711$247,209$1,689,649
83$2,443,931$471,675$192,479$1,785,791
84$2,628,215$429,789$133,930$1,890,850
85$2,829,248$383,805$71,372$2,005,765
86$3,048,675$333,455$4,606$2,131,572
87$3,288,305$278,459$0$2,269,417
88$3,550,130$218,522$0$2,439,053
89$3,836,344$153,330$0$2,625,957
90$4,149,361$82,552$0$2,830,457
91$4,491,839$5,841$0$3,054,324
92$4,866,706$0$0$3,299,513
93$5,277,185$0$0$3,578,367
94$5,726,827$0$0$3,884,722
95$6,219,540$0$0$4,220,480
96$6,759,631$0$0$4,588,579
97$7,351,839$0$0$4,992,258
98$8,001,390$0$0$5,435,087
99$8,714,033$0$0$5,920,992
100$9,496,106$0$0$6,454,303