Can I retire at age 65 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$60,283$59,746$59,222$58,711$58,211$57,318
2 years$29,843$29,287$28,748$28,226$27,720$26,822
3 years$19,698$19,139$18,602$18,085$17,586$16,712
4 years$14,626$14,070$13,538$13,029$12,543$11,698
5 years$11,584$11,031$10,506$10,008$9,535$8,723
6 years$9,556$9,007$8,490$8,003$7,545$6,766
7 years$8,109$7,564$7,055$6,580$6,136$5,391
8 years$7,024$6,484$5,984$5,520$5,090$4,379
9 years$6,180$5,646$5,154$4,702$4,287$3,609
10 years$5,505$4,976$4,493$4,053$3,652$3,008
11 years$4,954$4,430$3,956$3,527$3,141$2,529
12 years$4,495$3,976$3,510$3,094$2,722$2,141
13 years$4,106$3,593$3,136$2,731$2,374$1,823
14 years$3,774$3,266$2,818$2,425$2,081$1,560
15 years$3,486$2,984$2,544$2,162$1,832$1,340
16 years$3,234$2,738$2,307$1,936$1,619$1,155
17 years$3,012$2,521$2,099$1,740$1,436$998
18 years$2,815$2,330$1,916$1,568$1,277$864
19 years$2,639$2,159$1,754$1,417$1,138$750
20 years$2,481$2,006$1,610$1,283$1,016$652
21 years$2,338$1,869$1,481$1,164$910$568
22 years$2,208$1,745$1,365$1,059$815$495
23 years$2,090$1,632$1,260$964$732$432
24 years$1,982$1,529$1,165$879$658$378
25 years$1,882$1,435$1,079$803$592$330
26 years$1,790$1,348$1,001$734$533$289
27 years$1,706$1,269$930$672$481$253
28 years$1,627$1,196$864$616$434$222
29 years$1,554$1,128$804$565$392$194
30 years$1,486$1,065$749$518$354$170
31 years$1,422$1,007$698$476$320$149
32 years$1,363$953$652$437$289$131
33 years$1,307$902$608$402$262$115
34 years$1,255$855$568$370$237$101
35 years$1,206$811$531$341$215$89
36 years$1,159$770$497$314$195$78
37 years$1,116$731$465$289$176$68
38 years$1,074$695$436$266$160$60
39 years$1,035$661$408$246$145$53
40 years$998$629$383$227$132$46
41 years$963$598$359$209$119$41
42 years$929$570$337$193$108$36
43 years$898$543$316$178$98$32
44 years$867$518$296$164$89$28
45 years$839$494$278$152$81$24
46 years$811$471$261$140$74$21
47 years$785$449$246$130$67$19
48 years$760$429$231$120$61$17
49 years$736$410$217$111$55$15
50 years$713$391$204$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $730,000, adding $5,139 every year, while hoping to spend $53,552 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: 79/16/5 Blend
64$730,000$730,000$730,000$730,000
65$809,761$771,071$759,756$873,161
66$835,378$751,874$728,229$896,222
67$861,812$729,943$693,851$913,940
68$889,092$705,085$656,470$931,752
69$917,245$677,099$615,926$949,641
70$946,299$645,772$572,055$967,588
71$976,285$610,878$524,683$985,572
72$1,007,233$572,179$473,627$1,003,570
73$1,039,177$529,421$418,699$1,021,559
74$1,072,149$482,339$359,701$1,039,514
75$1,106,183$430,649$296,427$1,057,405
76$1,141,316$374,053$228,659$1,075,204
77$1,177,586$312,237$156,175$1,092,879
78$1,215,030$244,867$78,737$1,110,396
79$1,253,690$171,592$0$1,127,718
80$1,293,606$92,040$0$1,145,015
81$1,334,824$5,820$0$1,166,534
82$1,377,387$0$0$1,188,038
83$1,421,345$0$0$1,224,900
84$1,466,744$0$0$1,264,031
85$1,513,638$0$0$1,304,450
86$1,562,080$0$0$1,346,204
87$1,612,125$0$0$1,389,340
88$1,663,833$0$0$1,433,910
89$1,717,263$0$0$1,479,966
90$1,772,481$0$0$1,527,563
91$1,829,552$0$0$1,576,760
92$1,888,548$0$0$1,627,616
93$1,949,541$0$0$1,680,195
94$2,012,609$0$0$1,734,564
95$2,077,833$0$0$1,790,793
96$2,145,297$0$0$1,848,955
97$2,215,092$0$0$1,909,128
98$2,287,312$0$0$1,971,393
99$2,362,056$0$0$2,035,837
100$2,439,429$0$0$2,102,550