Can I retire at age 65 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$59,787$59,255$58,735$58,228$57,733$57,297
2 years$29,598$29,046$28,512$27,994$27,492$27,052
3 years$19,536$18,982$18,449$17,936$17,442$17,013
4 years$14,506$13,954$13,426$12,922$12,440$12,024
5 years$11,489$10,940$10,419$9,925$9,456$9,055
6 years$9,478$8,933$8,420$7,937$7,483$7,096
7 years$8,042$7,502$6,997$6,526$6,085$5,714
8 years$6,966$6,431$5,934$5,474$5,048$4,693
9 years$6,129$5,599$5,111$4,663$4,251$3,911
10 years$5,460$4,935$4,456$4,019$3,622$3,297
11 years$4,913$4,394$3,923$3,498$3,115$2,804
12 years$4,458$3,944$3,482$3,068$2,700$2,403
13 years$4,073$3,564$3,111$2,709$2,354$2,072
14 years$3,743$3,239$2,795$2,405$2,064$1,795
15 years$3,457$2,959$2,523$2,145$1,817$1,562
16 years$3,208$2,715$2,288$1,920$1,606$1,364
17 years$2,988$2,500$2,082$1,725$1,424$1,194
18 years$2,792$2,311$1,900$1,555$1,266$1,049
19 years$2,618$2,141$1,740$1,405$1,128$923
20 years$2,461$1,990$1,597$1,272$1,008$814
21 years$2,319$1,853$1,469$1,155$902$719
22 years$2,190$1,730$1,354$1,050$809$636
23 years$2,073$1,618$1,250$956$726$563
24 years$1,965$1,516$1,156$872$652$499
25 years$1,867$1,423$1,071$796$587$443
26 years$1,776$1,337$993$728$529$394
27 years$1,692$1,258$922$667$477$350
28 years$1,614$1,186$857$611$430$311
29 years$1,541$1,119$798$560$388$277
30 years$1,474$1,057$743$514$351$247
31 years$1,411$999$693$472$317$220
32 years$1,352$945$646$434$287$196
33 years$1,297$895$603$399$260$175
34 years$1,245$848$564$367$235$156
35 years$1,196$805$527$338$213$139
36 years$1,150$764$493$311$193$124
37 years$1,106$725$462$287$175$111
38 years$1,065$689$432$264$159$99
39 years$1,027$655$405$244$144$88
40 years$990$624$380$225$130$79
41 years$955$594$356$207$118$71
42 years$922$565$334$191$107$63
43 years$890$539$313$177$97$56
44 years$860$513$294$163$88$50
45 years$832$490$276$151$80$45
46 years$804$467$259$139$73$40
47 years$778$446$244$129$66$36
48 years$753$425$229$119$60$32
49 years$730$406$215$110$55$29
50 years$707$388$202$101$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $724,000, adding $6,974 every year, while hoping to spend $33,825 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: 49/46/5 Blend
64$724,000$724,000$724,000$724,000
65$805,042$766,670$755,448$843,159
66$851,166$768,247$744,766$871,479
67$900,862$768,768$732,592$898,020
68$954,458$768,145$718,841$926,036
69$1,012,313$766,285$703,424$955,672
70$1,074,826$763,090$686,245$987,091
71$1,142,432$758,455$667,208$1,020,472
72$1,215,610$752,269$646,209$1,056,014
73$1,294,886$744,415$623,142$1,093,941
74$1,380,841$734,767$597,893$1,134,499
75$1,474,109$723,193$570,345$1,177,961
76$1,575,392$709,553$540,375$1,224,633
77$1,685,460$693,700$507,856$1,274,852
78$1,805,161$675,475$472,653$1,328,993
79$1,935,426$654,712$434,625$1,387,471
80$2,077,282$631,235$393,628$1,450,749
81$2,231,856$604,857$349,506$1,519,338
82$2,400,393$575,382$302,101$1,593,806
83$2,584,258$542,600$251,247$1,674,781
84$2,784,956$506,292$196,767$1,762,961
85$3,004,144$466,223$138,482$1,859,119
86$3,243,646$422,147$76,200$1,964,110
87$3,505,469$373,804$9,724$2,078,883
88$3,791,824$320,917$0$2,204,487
89$4,105,144$263,196$0$2,345,352
90$4,448,109$200,333$0$2,500,265
91$4,823,670$132,003$0$2,670,142
92$5,235,077$57,864$0$2,856,574
93$5,685,908$0$0$3,061,317
94$6,180,105$0$0$3,297,679
95$6,722,008$0$0$3,589,053
96$7,316,398$0$0$3,908,730
97$7,968,542$0$0$4,259,552
98$8,684,239$0$0$4,644,650
99$9,469,880$0$0$5,067,473
100$10,332,500$0$0$5,531,820