Can I retire at age 65 with 719,000?

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 $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%16.2%
1 years$59,374$58,845$58,329$57,826$57,334$55,880
2 years$29,393$28,846$28,315$27,801$27,302$25,846
3 years$19,401$18,851$18,322$17,812$17,321$15,910
4 years$14,406$13,858$13,334$12,833$12,354$10,997
5 years$11,409$10,864$10,347$9,857$9,391$8,093
6 years$9,412$8,872$8,362$7,883$7,431$6,193
7 years$7,987$7,450$6,949$6,481$6,043$4,866
8 years$6,918$6,386$5,893$5,436$5,014$3,895
9 years$6,087$5,560$5,076$4,631$4,222$3,163
10 years$5,422$4,901$4,425$3,992$3,597$2,595
11 years$4,879$4,363$3,896$3,474$3,094$2,148
12 years$4,427$3,916$3,458$3,047$2,681$1,789
13 years$4,044$3,539$3,089$2,690$2,338$1,498
14 years$3,717$3,217$2,776$2,388$2,049$1,260
15 years$3,433$2,939$2,506$2,130$1,805$1,064
16 years$3,185$2,696$2,272$1,907$1,595$901
17 years$2,967$2,483$2,067$1,713$1,414$765
18 years$2,773$2,295$1,887$1,544$1,257$650
19 years$2,600$2,127$1,728$1,395$1,121$554
20 years$2,444$1,976$1,586$1,264$1,001$473
21 years$2,303$1,841$1,459$1,147$896$404
22 years$2,175$1,718$1,344$1,043$803$346
23 years$2,058$1,607$1,241$950$721$296
24 years$1,952$1,506$1,148$866$648$253
25 years$1,854$1,413$1,063$791$583$217
26 years$1,763$1,328$986$723$525$186
27 years$1,680$1,250$916$662$473$160
28 years$1,602$1,178$851$607$427$137
29 years$1,531$1,111$792$556$386$118
30 years$1,464$1,049$738$510$349$101
31 years$1,401$992$688$469$315$87
32 years$1,342$939$642$431$285$75
33 years$1,288$889$599$396$258$64
34 years$1,236$842$560$365$234$55
35 years$1,188$799$523$336$212$48
36 years$1,142$758$490$309$192$41
37 years$1,099$720$458$285$174$35
38 years$1,058$684$429$262$157$30
39 years$1,020$651$402$242$143$26
40 years$983$619$377$223$130$22
41 years$948$589$353$206$118$19
42 years$915$561$332$190$107$17
43 years$884$535$311$175$97$14
44 years$854$510$292$162$88$12
45 years$826$486$274$150$80$11
46 years$799$464$258$138$72$9
47 years$773$443$242$128$66$8
48 years$748$423$227$118$60$7
49 years$725$404$214$109$54$6
50 years$702$385$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $719,000, adding $4,613 every year, while hoping to spend $25,989 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: 24/50/26 Blend
64$719,000$719,000$719,000$719,000
65$797,096$758,989$747,845$809,585
66$850,748$768,528$745,246$829,949
67$909,001$777,662$741,688$849,241
68$972,298$786,346$737,113$869,359
69$1,041,124$794,529$731,458$890,388
70$1,116,014$802,156$724,657$912,423
71$1,197,557$809,172$716,643$935,572
72$1,286,400$815,513$707,343$959,955
73$1,383,256$821,117$696,682$985,707
74$1,488,909$825,912$684,582$1,012,976
75$1,604,223$829,827$670,960$1,041,931
76$1,730,146$832,781$655,730$1,072,760
77$1,867,727$834,693$638,803$1,105,669
78$2,018,115$835,473$620,083$1,140,894
79$2,182,579$835,028$599,472$1,178,692
80$2,362,515$833,257$576,867$1,219,354
81$2,559,460$830,055$552,160$1,263,201
82$2,775,106$825,309$525,239$1,310,592
83$3,011,317$818,899$495,985$1,361,925
84$3,270,146$810,700$464,275$1,417,644
85$3,553,854$800,577$429,981$1,478,242
86$3,864,929$788,388$392,968$1,544,266
87$4,206,115$773,981$353,095$1,616,326
88$4,580,430$757,198$310,215$1,695,097
89$4,991,203$737,870$264,176$1,781,328
90$5,442,096$715,816$214,817$1,875,853
91$5,937,148$690,849$161,971$1,979,594
92$6,480,803$662,766$105,463$2,093,576
93$7,077,960$631,357$45,111$2,218,933
94$7,734,015$596,397$0$2,356,925
95$8,454,912$557,647$0$2,514,297
96$9,247,198$514,858$0$2,700,947
97$10,118,090$467,763$0$2,906,113
98$11,075,534$416,083$0$3,131,751
99$12,128,288$359,520$0$3,380,020
100$13,285,999$297,762$0$3,653,308