Can I retire at age 65 with 714,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$58,961$58,436$57,924$57,424$56,935$56,364
2 years$29,189$28,645$28,118$27,608$27,112$26,537
3 years$19,266$18,720$18,194$17,688$17,201$16,639
4 years$14,305$13,761$13,241$12,744$12,268$11,724
5 years$11,330$10,789$10,275$9,788$9,326$8,802
6 years$9,347$8,810$8,304$7,828$7,379$6,876
7 years$7,931$7,399$6,901$6,436$6,001$5,518
8 years$6,870$6,342$5,852$5,399$4,979$4,516
9 years$6,044$5,522$5,041$4,598$4,193$3,751
10 years$5,385$4,867$4,395$3,964$3,572$3,150
11 years$4,845$4,333$3,869$3,450$3,072$2,670
12 years$4,396$3,889$3,434$3,026$2,662$2,279
13 years$4,016$3,515$3,068$2,671$2,322$1,957
14 years$3,691$3,195$2,756$2,371$2,035$1,689
15 years$3,409$2,918$2,489$2,115$1,792$1,464
16 years$3,163$2,678$2,256$1,894$1,584$1,273
17 years$2,946$2,466$2,053$1,701$1,404$1,110
18 years$2,754$2,279$1,874$1,533$1,249$971
19 years$2,581$2,112$1,716$1,385$1,113$851
20 years$2,427$1,962$1,575$1,255$994$747
21 years$2,287$1,828$1,448$1,139$890$657
22 years$2,160$1,706$1,335$1,035$797$578
23 years$2,044$1,596$1,233$943$716$510
24 years$1,938$1,495$1,140$860$643$450
25 years$1,841$1,403$1,056$785$579$397
26 years$1,751$1,319$979$718$521$351
27 years$1,668$1,241$909$657$470$311
28 years$1,591$1,169$845$602$424$275
29 years$1,520$1,103$787$552$383$244
30 years$1,453$1,042$733$507$346$216
31 years$1,391$985$683$466$313$192
32 years$1,333$932$637$428$283$170
33 years$1,279$883$595$393$256$151
34 years$1,227$837$556$362$232$134
35 years$1,179$793$520$333$210$119
36 years$1,134$753$486$307$190$106
37 years$1,091$715$455$283$173$94
38 years$1,051$680$426$261$156$83
39 years$1,012$646$399$240$142$74
40 years$976$615$374$222$129$66
41 years$942$585$351$205$117$58
42 years$909$557$329$189$106$52
43 years$878$531$309$174$96$46
44 years$848$506$290$161$87$41
45 years$820$483$272$149$79$36
46 years$793$461$256$137$72$32
47 years$768$440$240$127$65$29
48 years$743$420$226$117$59$26
49 years$720$401$212$108$54$23
50 years$697$383$200$100$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $714,000, adding $2,105 every year, while hoping to spend $53,583 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: 45/48/7 Blend
64$714,000$714,000$714,000$714,000
65$788,999$751,157$740,090$822,873
66$812,465$730,952$707,871$826,253
67$836,529$707,961$672,777$824,200
68$861,195$681,991$634,655$820,730
69$886,466$652,837$593,345$815,731
70$912,343$620,284$548,680$809,083
71$938,827$584,103$500,486$800,657
72$965,915$544,052$448,580$790,319
73$993,603$499,875$392,772$777,924
74$1,021,884$451,303$332,863$763,317
75$1,050,748$398,048$268,646$746,335
76$1,080,182$339,810$199,903$726,805
77$1,110,169$276,270$126,409$704,540
78$1,140,689$207,089$47,926$679,345
79$1,171,717$131,914$0$651,009
80$1,203,221$50,367$0$621,987
81$1,235,167$0$0$593,359
82$1,267,511$0$0$581,354
83$1,300,205$0$0$596,080
84$1,333,191$0$0$610,903
85$1,366,403$0$0$625,791
86$1,399,765$0$0$640,704
87$1,433,191$0$0$655,596
88$1,466,582$0$0$670,418
89$1,499,826$0$0$685,113
90$1,532,795$0$0$699,615
91$1,565,348$0$0$713,852
92$1,597,320$0$0$727,741
93$1,628,532$0$0$741,192
94$1,658,779$0$0$754,099
95$1,687,831$0$0$766,349
96$1,715,431$0$0$777,811
97$1,741,293$0$0$788,340
98$1,765,097$0$0$797,776
99$1,786,483$0$0$805,939
100$1,805,053$0$0$812,629