Can I retire at age 65 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$59,374$58,845$58,329$57,826$57,334$56,062
2 years$29,393$28,846$28,315$27,801$27,302$26,027
3 years$19,401$18,851$18,322$17,812$17,321$16,083
4 years$14,406$13,858$13,334$12,833$12,354$11,162
5 years$11,409$10,864$10,347$9,857$9,391$8,249
6 years$9,412$8,872$8,362$7,883$7,431$6,340
7 years$7,987$7,450$6,949$6,481$6,043$5,004
8 years$6,918$6,386$5,893$5,436$5,014$4,025
9 years$6,087$5,560$5,076$4,631$4,222$3,283
10 years$5,422$4,901$4,425$3,992$3,597$2,708
11 years$4,879$4,363$3,896$3,474$3,094$2,252
12 years$4,427$3,916$3,458$3,047$2,681$1,886
13 years$4,044$3,539$3,089$2,690$2,338$1,588
14 years$3,717$3,217$2,776$2,388$2,049$1,343
15 years$3,433$2,939$2,506$2,130$1,805$1,140
16 years$3,185$2,696$2,272$1,907$1,595$971
17 years$2,967$2,483$2,067$1,713$1,414$829
18 years$2,773$2,295$1,887$1,544$1,257$709
19 years$2,600$2,127$1,728$1,395$1,121$608
20 years$2,444$1,976$1,586$1,264$1,001$522
21 years$2,303$1,841$1,459$1,147$896$449
22 years$2,175$1,718$1,344$1,043$803$386
23 years$2,058$1,607$1,241$950$721$333
24 years$1,952$1,506$1,148$866$648$287
25 years$1,854$1,413$1,063$791$583$247
26 years$1,763$1,328$986$723$525$214
27 years$1,680$1,250$916$662$473$184
28 years$1,602$1,178$851$607$427$159
29 years$1,531$1,111$792$556$386$138
30 years$1,464$1,049$738$510$349$119
31 years$1,401$992$688$469$315$103
32 years$1,342$939$642$431$285$89
33 years$1,288$889$599$396$258$77
34 years$1,236$842$560$365$234$67
35 years$1,188$799$523$336$212$58
36 years$1,142$758$490$309$192$50
37 years$1,099$720$458$285$174$43
38 years$1,058$684$429$262$157$38
39 years$1,020$651$402$242$143$32
40 years$983$619$377$223$130$28
41 years$948$589$353$206$118$24
42 years$915$561$332$190$107$21
43 years$884$535$311$175$97$18
44 years$854$510$292$162$88$16
45 years$826$486$274$150$80$14
46 years$799$464$258$138$72$12
47 years$773$443$242$128$66$10
48 years$748$423$227$118$60$9
49 years$725$404$214$109$54$8
50 years$702$385$201$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $719,000, adding $2,188 every year, while hoping to spend $31,515 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: 57/28/15 Blend
64$719,000$719,000$719,000$719,000
65$794,595$756,488$745,343$836,686
66$842,112$760,024$736,781$868,996
67$893,419$762,677$726,875$900,549
68$948,871$764,371$715,548$934,206
69$1,008,854$765,024$702,717$970,173
70$1,073,797$764,549$688,298$1,008,680
71$1,144,168$762,856$672,199$1,049,982
72$1,220,483$759,846$654,328$1,094,359
73$1,303,310$755,417$634,586$1,142,122
74$1,393,273$749,458$612,871$1,193,616
75$1,491,059$741,853$589,074$1,249,220
76$1,597,423$732,480$563,083$1,309,357
77$1,713,195$721,206$534,782$1,374,490
78$1,839,291$707,895$504,046$1,445,135
79$1,976,716$692,399$470,749$1,521,862
80$2,126,577$674,563$434,756$1,605,298
81$2,290,093$654,222$395,926$1,696,141
82$2,468,607$631,203$354,113$1,795,159
83$2,663,594$605,321$309,165$1,903,201
84$2,876,680$576,381$260,921$2,021,207
85$3,109,654$544,177$209,216$2,150,215
86$3,364,489$508,491$153,874$2,291,372
87$3,643,352$469,093$94,714$2,445,945
88$3,948,633$425,738$31,546$2,615,333
89$4,282,964$378,169$0$2,801,084
90$4,649,240$326,113$0$3,010,644
91$5,050,653$269,283$0$3,245,922
92$5,490,717$207,375$0$3,503,981
93$5,973,302$140,068$0$3,787,157
94$6,502,670$67,023$0$4,098,029
95$7,083,516$0$0$4,439,440
96$7,721,013$0$0$4,818,261
97$8,420,856$0$0$5,256,864
98$9,189,320$0$0$5,738,540
99$10,033,318$0$0$6,267,629
100$10,960,464$0$0$6,848,914