Can I retire at age 65 with 718,000?

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 $718,000?

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$59,292$58,764$58,248$57,745$57,254$56,422
2 years$29,352$28,806$28,276$27,762$27,264$26,427
3 years$19,374$18,825$18,296$17,788$17,297$16,482
4 years$14,386$13,838$13,315$12,815$12,337$11,549
5 years$11,393$10,849$10,333$9,843$9,378$8,621
6 years$9,399$8,859$8,351$7,872$7,421$6,694
7 years$7,975$7,440$6,939$6,472$6,035$5,340
8 years$6,908$6,377$5,885$5,429$5,007$4,343
9 years$6,078$5,553$5,069$4,624$4,216$3,583
10 years$5,415$4,894$4,419$3,986$3,592$2,990
11 years$4,872$4,357$3,891$3,469$3,090$2,517
12 years$4,421$3,911$3,453$3,043$2,677$2,133
13 years$4,039$3,534$3,085$2,686$2,335$1,819
14 years$3,712$3,213$2,772$2,385$2,047$1,558
15 years$3,429$2,935$2,503$2,127$1,802$1,340
16 years$3,181$2,693$2,269$1,904$1,593$1,157
17 years$2,963$2,480$2,065$1,711$1,412$1,001
18 years$2,769$2,291$1,885$1,542$1,256$868
19 years$2,596$2,124$1,725$1,393$1,119$755
20 years$2,440$1,973$1,583$1,262$1,000$657
21 years$2,300$1,838$1,456$1,145$895$573
22 years$2,172$1,716$1,342$1,041$802$501
23 years$2,056$1,605$1,239$948$720$438
24 years$1,949$1,504$1,146$865$647$383
25 years$1,851$1,411$1,062$790$582$335
26 years$1,761$1,326$985$722$524$294
27 years$1,678$1,248$914$661$473$258
28 years$1,600$1,176$850$606$427$226
29 years$1,528$1,109$791$555$385$199
30 years$1,462$1,048$737$510$348$174
31 years$1,399$990$687$468$315$153
32 years$1,341$937$641$430$285$135
33 years$1,286$888$598$396$258$118
34 years$1,234$841$559$364$233$104
35 years$1,186$798$523$335$211$92
36 years$1,140$757$489$309$191$81
37 years$1,097$719$458$284$173$71
38 years$1,057$684$429$262$157$62
39 years$1,018$650$402$242$143$55
40 years$982$618$376$223$129$48
41 years$947$589$353$206$117$43
42 years$914$561$331$190$106$38
43 years$883$534$311$175$97$33
44 years$853$509$292$162$88$29
45 years$825$486$274$149$80$26
46 years$798$463$257$138$72$23
47 years$772$442$242$128$66$20
48 years$747$422$227$118$60$17
49 years$724$403$213$109$54$15
50 years$701$385$201$101$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $718,000, adding $5,490 every year, while hoping to spend $23,404 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: 45/31/24 Blend
64$718,000$718,000$718,000$718,000
65$796,899$758,845$747,716$827,023
66$853,281$771,127$747,863$861,126
67$914,630$783,226$747,230$895,381
68$981,427$795,109$745,767$932,062
69$1,054,202$806,739$743,420$971,410
70$1,133,540$818,079$740,134$1,013,685
71$1,220,083$829,086$735,850$1,059,180
72$1,314,536$839,716$730,507$1,108,214
73$1,417,680$849,923$724,039$1,161,143
74$1,530,369$859,655$716,380$1,218,358
75$1,653,547$868,859$707,460$1,280,292
76$1,788,253$877,477$697,203$1,347,423
77$1,935,628$885,447$685,534$1,420,278
78$2,096,933$892,705$672,370$1,499,440
79$2,273,553$899,180$657,627$1,585,553
80$2,467,014$904,798$641,216$1,679,328
81$2,678,997$909,481$623,044$1,781,550
82$2,911,354$913,145$603,015$1,893,085
83$3,166,122$915,699$581,027$2,014,891
84$3,445,548$917,050$556,972$2,148,023
85$3,752,105$917,096$530,742$2,293,648
86$4,088,516$915,730$502,218$2,453,053
87$4,457,783$912,839$471,280$2,627,659
88$4,863,210$908,302$437,802$2,819,035
89$5,308,439$901,990$401,650$3,028,911
90$5,797,481$893,768$362,686$3,259,200
91$6,334,754$883,493$320,765$3,512,008
92$6,925,125$871,010$275,737$3,789,663
93$7,573,957$856,159$227,444$4,094,732
94$8,287,158$838,768$175,721$4,430,049
95$9,071,236$818,656$120,395$4,798,739
96$9,933,362$795,630$61,289$5,204,252
97$10,881,436$769,487$0$5,650,393
98$11,924,162$740,011$0$6,141,817
99$13,071,130$706,975$0$6,699,476
100$14,332,905$670,137$0$7,312,821