Can I retire at age 65 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$59,457$58,927$58,411$57,906$57,414$56,649
2 years$29,434$28,886$28,355$27,840$27,340$26,571
3 years$19,428$18,877$18,347$17,837$17,346$16,596
4 years$14,426$13,877$13,352$12,851$12,371$11,647
5 years$11,425$10,880$10,362$9,870$9,404$8,707
6 years$9,425$8,884$8,374$7,894$7,441$6,772
7 years$7,998$7,461$6,959$6,490$6,052$5,411
8 years$6,927$6,395$5,902$5,444$5,020$4,408
9 years$6,095$5,568$5,083$4,637$4,228$3,644
10 years$5,430$4,908$4,431$3,997$3,602$3,046
11 years$4,886$4,369$3,901$3,479$3,098$2,569
12 years$4,433$3,922$3,462$3,051$2,685$2,182
13 years$4,050$3,544$3,093$2,694$2,341$1,864
14 years$3,722$3,221$2,779$2,391$2,052$1,600
15 years$3,438$2,943$2,509$2,133$1,807$1,379
16 years$3,190$2,700$2,275$1,910$1,597$1,193
17 years$2,971$2,487$2,070$1,716$1,416$1,034
18 years$2,777$2,298$1,890$1,546$1,259$899
19 years$2,603$2,130$1,730$1,397$1,122$783
20 years$2,447$1,979$1,588$1,265$1,002$684
21 years$2,306$1,843$1,461$1,148$897$598
22 years$2,178$1,721$1,346$1,044$804$523
23 years$2,061$1,609$1,243$951$722$458
24 years$1,954$1,508$1,149$867$649$402
25 years$1,856$1,415$1,065$792$584$353
26 years$1,766$1,330$987$724$526$310
27 years$1,682$1,252$917$663$474$273
28 years$1,605$1,179$852$607$428$240
29 years$1,533$1,113$793$557$386$211
30 years$1,466$1,051$739$511$349$186
31 years$1,403$993$689$469$316$164
32 years$1,344$940$643$431$285$144
33 years$1,289$890$600$397$258$127
34 years$1,238$844$561$365$234$112
35 years$1,189$800$524$336$212$99
36 years$1,144$759$490$309$192$87
37 years$1,100$721$459$285$174$77
38 years$1,060$685$430$263$158$68
39 years$1,021$652$403$242$143$60
40 years$984$620$377$224$130$53
41 years$950$590$354$206$118$47
42 years$917$562$332$190$107$41
43 years$885$536$312$176$97$36
44 years$855$511$292$162$88$32
45 years$827$487$275$150$80$28
46 years$800$464$258$138$73$25
47 years$774$443$242$128$66$22
48 years$749$423$228$118$60$20
49 years$726$404$214$109$54$17
50 years$703$386$201$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $720,000, adding $2,963 every year, while hoping to spend $50,987 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: 47/39/14 Blend
64$720,000$720,000$720,000$720,000
65$796,496$758,336$747,176$830,670
66$823,489$741,245$717,957$837,542
67$851,526$721,607$686,050$839,535
68$880,661$699,245$651,311$840,577
69$910,949$673,968$613,591$840,596
70$942,450$645,578$572,731$839,519
71$975,231$613,861$528,568$837,271
72$1,009,359$578,595$480,930$833,770
73$1,044,910$539,543$429,637$828,933
74$1,081,964$496,454$374,503$822,672
75$1,120,608$449,063$315,332$814,894
76$1,160,934$397,092$251,920$805,506
77$1,203,043$340,243$184,053$794,406
78$1,247,044$278,205$111,509$781,491
79$1,293,053$210,648$34,056$766,654
80$1,341,198$137,223$0$749,783
81$1,391,615$57,562$0$738,021
82$1,444,454$0$0$729,890
83$1,499,876$0$0$732,538
84$1,558,056$0$0$761,276
85$1,619,183$0$0$791,497
86$1,683,465$0$0$823,306
87$1,751,126$0$0$856,819
88$1,822,411$0$0$892,160
89$1,897,586$0$0$929,466
90$1,976,941$0$0$968,887
91$2,060,794$0$0$1,010,583
92$2,149,489$0$0$1,054,733
93$2,243,403$0$0$1,101,530
94$2,342,949$0$0$1,151,185
95$2,448,576$0$0$1,203,931
96$2,560,776$0$0$1,260,019
97$2,680,088$0$0$1,319,726
98$2,807,100$0$0$1,383,356
99$2,942,457$0$0$1,451,241
100$3,086,864$0$0$1,523,743