Can I retire at age 65 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$59,622$59,091$58,573$58,067$57,573$56,181
2 years$29,516$28,966$28,433$27,917$27,416$26,022
3 years$19,482$18,930$18,398$17,887$17,394$16,041
4 years$14,466$13,915$13,389$12,886$12,405$11,105
5 years$11,457$10,910$10,391$9,898$9,430$8,185
6 years$9,452$8,909$8,397$7,915$7,462$6,274
7 years$8,020$7,481$6,978$6,508$6,069$4,937
8 years$6,947$6,413$5,918$5,459$5,034$3,960
9 years$6,112$5,584$5,097$4,650$4,240$3,221
10 years$5,445$4,922$4,444$4,008$3,612$2,648
11 years$4,900$4,382$3,912$3,488$3,107$2,195
12 years$4,445$3,933$3,472$3,060$2,692$1,832
13 years$4,061$3,554$3,102$2,701$2,348$1,538
14 years$3,732$3,230$2,787$2,398$2,058$1,296
15 years$3,448$2,951$2,516$2,139$1,812$1,097
16 years$3,199$2,708$2,282$1,915$1,601$930
17 years$2,979$2,494$2,076$1,720$1,420$791
18 years$2,784$2,304$1,895$1,551$1,263$675
19 years$2,610$2,135$1,735$1,401$1,125$576
20 years$2,454$1,984$1,592$1,269$1,005$493
21 years$2,312$1,848$1,465$1,152$900$422
22 years$2,184$1,725$1,350$1,047$806$362
23 years$2,067$1,614$1,246$954$724$310
24 years$1,960$1,512$1,153$870$651$267
25 years$1,861$1,419$1,068$794$585$229
26 years$1,771$1,334$990$726$527$197
27 years$1,687$1,255$919$665$475$169
28 years$1,609$1,183$855$609$429$146
29 years$1,537$1,116$795$559$387$125
30 years$1,470$1,054$741$513$350$108
31 years$1,407$996$691$471$316$93
32 years$1,348$942$644$433$286$80
33 years$1,293$892$602$398$259$69
34 years$1,241$846$562$366$235$60
35 years$1,193$802$526$337$212$51
36 years$1,147$761$492$310$192$44
37 years$1,103$723$460$286$174$38
38 years$1,062$687$431$264$158$33
39 years$1,024$654$404$243$143$28
40 years$987$622$378$224$130$24
41 years$952$592$355$207$118$21
42 years$919$564$333$191$107$18
43 years$888$537$312$176$97$16
44 years$858$512$293$163$88$14
45 years$829$488$275$150$80$12
46 years$802$466$259$139$73$10
47 years$776$444$243$128$66$9
48 years$751$424$228$118$60$8
49 years$728$405$215$109$54$6
50 years$705$387$202$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $722,000, adding $4,659 every year, while hoping to spend $49,710 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: 75/18/7 Blend
64$722,000$722,000$722,000$722,000
65$800,450$762,184$750,993$859,397
66$829,205$746,640$723,260$883,279
67$859,226$728,668$692,932$902,651
68$890,592$708,097$659,870$922,449
69$923,384$684,745$623,927$942,697
70$957,692$658,421$584,952$963,423
71$993,614$628,921$542,784$984,657
72$1,031,254$596,029$497,259$1,006,433
73$1,070,726$559,519$448,202$1,028,790
74$1,112,155$519,150$395,431$1,051,772
75$1,155,674$474,668$338,758$1,075,428
76$1,201,430$425,804$277,983$1,099,815
77$1,249,580$372,273$212,900$1,124,995
78$1,300,299$313,776$143,294$1,151,038
79$1,353,774$249,995$68,939$1,178,025
80$1,410,210$180,596$0$1,206,044
81$1,469,830$105,224$0$1,235,973
82$1,532,879$23,506$0$1,272,694
83$1,599,622$0$0$1,311,196
84$1,670,350$0$0$1,364,507
85$1,745,381$0$0$1,426,015
86$1,825,061$0$0$1,491,350
87$1,909,771$0$0$1,560,825
88$1,999,926$0$0$1,634,784
89$2,095,981$0$0$1,713,601
90$2,198,432$0$0$1,797,687
91$2,307,827$0$0$1,887,494
92$2,424,763$0$0$1,983,513
93$2,549,894$0$0$2,086,287
94$2,683,940$0$0$2,196,408
95$2,827,688$0$0$2,314,527
96$2,982,003$0$0$2,441,357
97$3,147,833$0$0$2,577,683
98$3,326,221$0$0$2,724,364
99$3,518,309$0$0$2,882,346
100$3,725,354$0$0$3,052,664