Can I retire at age 65 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$59,044$58,518$58,005$57,504$57,015$56,561
2 years$29,230$28,685$28,158$27,646$27,150$26,692
3 years$19,293$18,746$18,220$17,713$17,225$16,778
4 years$14,325$13,780$13,259$12,761$12,285$11,852
5 years$11,346$10,804$10,290$9,802$9,339$8,921
6 years$9,360$8,822$8,316$7,839$7,390$6,987
7 years$7,942$7,409$6,910$6,445$6,010$5,623
8 years$6,879$6,351$5,861$5,406$4,986$4,615
9 years$6,053$5,530$5,048$4,605$4,199$3,844
10 years$5,392$4,874$4,401$3,969$3,577$3,239
11 years$4,852$4,339$3,874$3,455$3,077$2,753
12 years$4,402$3,895$3,438$3,030$2,666$2,358
13 years$4,022$3,519$3,072$2,675$2,325$2,032
14 years$3,696$3,199$2,760$2,375$2,038$1,759
15 years$3,414$2,922$2,492$2,118$1,794$1,529
16 years$3,168$2,681$2,259$1,896$1,586$1,335
17 years$2,950$2,469$2,056$1,704$1,406$1,168
18 years$2,757$2,282$1,877$1,535$1,250$1,025
19 years$2,585$2,115$1,718$1,387$1,114$901
20 years$2,430$1,965$1,577$1,257$995$794
21 years$2,290$1,830$1,450$1,140$891$701
22 years$2,163$1,709$1,337$1,037$799$619
23 years$2,047$1,598$1,234$944$717$548
24 years$1,941$1,497$1,141$861$644$486
25 years$1,843$1,405$1,057$787$580$431
26 years$1,754$1,321$981$719$522$382
27 years$1,671$1,243$911$658$471$340
28 years$1,594$1,171$846$603$425$302
29 years$1,522$1,105$788$553$384$269
30 years$1,455$1,043$734$508$347$239
31 years$1,393$986$684$466$313$213
32 years$1,335$933$638$428$283$189
33 years$1,280$884$596$394$257$169
34 years$1,229$838$557$363$232$150
35 years$1,181$795$521$334$210$134
36 years$1,136$754$487$307$191$120
37 years$1,093$716$456$283$173$107
38 years$1,052$681$427$261$157$95
39 years$1,014$647$400$241$142$85
40 years$978$616$375$222$129$76
41 years$943$586$351$205$117$68
42 years$910$558$330$189$106$60
43 years$879$532$309$174$96$54
44 years$850$507$290$161$87$48
45 years$821$484$273$149$79$43
46 years$794$461$256$137$72$38
47 years$769$440$241$127$65$34
48 years$744$420$226$117$59$31
49 years$721$401$213$108$54$27
50 years$698$383$200$100$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $715,000, adding $6,333 every year, while hoping to spend $20,595 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: 60/24/16 Blend
64$715,000$715,000$715,000$715,000
65$794,462$756,567$745,485$838,534
66$853,585$771,726$748,546$884,176
67$918,047$786,938$751,019$931,091
68$988,373$802,183$752,863$981,789
69$1,065,137$817,440$754,034$1,036,638
70$1,148,974$832,687$754,487$1,096,044
71$1,240,581$847,900$754,174$1,160,454
72$1,340,725$863,053$753,044$1,230,360
73$1,450,253$878,116$751,045$1,306,307
74$1,570,096$893,060$748,121$1,388,893
75$1,701,277$907,852$744,215$1,478,777
76$1,844,926$922,456$739,265$1,576,688
77$2,002,287$936,834$733,209$1,683,427
78$2,174,727$950,946$725,978$1,799,878
79$2,363,755$964,748$717,504$1,927,015
80$2,571,030$978,193$707,713$2,065,912
81$2,798,382$991,232$696,528$2,217,754
82$3,047,825$1,003,810$683,870$2,383,845
83$3,321,578$1,015,871$669,654$2,565,624
84$3,622,083$1,027,353$653,792$2,764,678
85$3,952,034$1,038,192$636,192$2,982,754
86$4,314,395$1,048,317$616,758$3,221,781
87$4,712,434$1,057,655$595,390$3,483,882
88$5,149,749$1,066,127$571,982$3,771,401
89$5,630,304$1,073,648$546,425$4,086,918
90$6,158,468$1,080,129$518,602$4,433,281
91$6,739,051$1,085,474$488,395$4,813,627
92$7,377,354$1,089,583$455,677$5,231,415
93$8,079,219$1,092,347$420,316$5,690,457
94$8,851,079$1,093,652$382,177$6,194,958
95$9,700,024$1,093,376$341,114$6,749,550
96$10,633,865$1,091,389$296,980$7,359,340
97$11,661,207$1,087,555$249,616$8,029,958
98$12,791,532$1,081,728$198,861$8,767,611
99$14,035,289$1,073,753$144,543$9,579,139
100$15,403,988$1,063,466$86,485$10,472,083