Can I retire at age 65 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$60,365$59,828$59,303$58,791$58,291$57,067
2 years$29,884$29,327$28,788$28,265$27,758$26,531
3 years$19,725$19,166$18,628$18,110$17,611$16,418
4 years$14,646$14,089$13,556$13,047$12,560$11,412
5 years$11,600$11,046$10,520$10,021$9,548$8,447
6 years$9,569$9,020$8,502$8,014$7,555$6,503
7 years$8,120$7,575$7,065$6,589$6,144$5,141
8 years$7,033$6,493$5,992$5,527$5,097$4,142
9 years$6,188$5,653$5,161$4,708$4,293$3,385
10 years$5,513$4,983$4,499$4,058$3,657$2,797
11 years$4,961$4,436$3,961$3,532$3,146$2,331
12 years$4,501$3,982$3,515$3,098$2,726$1,956
13 years$4,112$3,598$3,141$2,735$2,377$1,650
14 years$3,779$3,271$2,822$2,428$2,084$1,398
15 years$3,491$2,988$2,548$2,165$1,835$1,190
16 years$3,239$2,741$2,310$1,939$1,621$1,015
17 years$3,016$2,525$2,102$1,742$1,438$869
18 years$2,819$2,333$1,919$1,570$1,278$745
19 years$2,643$2,162$1,757$1,418$1,139$640
20 years$2,484$2,009$1,612$1,285$1,018$550
21 years$2,341$1,871$1,483$1,166$911$474
22 years$2,211$1,747$1,367$1,060$816$409
23 years$2,093$1,634$1,262$965$733$353
24 years$1,984$1,531$1,167$881$659$305
25 years$1,885$1,437$1,081$804$593$264
26 years$1,793$1,350$1,002$735$534$228
27 years$1,708$1,271$931$673$481$198
28 years$1,629$1,197$865$617$434$171
29 years$1,556$1,130$805$565$392$148
30 years$1,488$1,067$750$519$354$129
31 years$1,424$1,008$699$477$320$112
32 years$1,365$954$652$438$290$97
33 years$1,309$904$609$403$262$84
34 years$1,257$856$569$371$237$73
35 years$1,207$812$532$341$215$63
36 years$1,161$771$498$314$195$55
37 years$1,117$732$466$290$177$48
38 years$1,076$696$436$267$160$41
39 years$1,037$662$409$246$145$36
40 years$999$630$383$227$132$31
41 years$964$599$359$209$119$27
42 years$931$571$337$193$108$24
43 years$899$544$316$178$98$20
44 years$869$518$297$165$89$18
45 years$840$494$279$152$81$15
46 years$812$472$262$141$74$13
47 years$786$450$246$130$67$12
48 years$761$430$231$120$61$10
49 years$737$410$217$111$55$9
50 years$714$392$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $731,000, adding $2,179 every year, while hoping to spend $32,693 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: 47/34/19 Blend
64$731,000$731,000$731,000$731,000
65$807,810$769,067$757,736$841,326
66$855,421$771,966$748,335$867,802
67$906,793$773,911$737,524$893,058
68$962,275$774,822$725,220$919,783
69$1,022,250$774,611$711,337$948,128
70$1,087,140$773,188$695,788$978,261
71$1,157,409$770,454$678,477$1,010,370
72$1,233,565$766,307$659,306$1,044,662
73$1,316,169$760,636$638,174$1,081,367
74$1,405,838$753,327$614,972$1,120,744
75$1,503,248$744,255$589,588$1,163,076
76$1,609,146$733,290$561,906$1,208,681
77$1,724,351$720,293$531,802$1,257,910
78$1,849,766$705,119$499,149$1,311,152
79$1,986,383$687,611$463,811$1,368,841
80$2,135,296$667,605$425,651$1,431,457
81$2,297,706$644,928$384,520$1,499,531
82$2,474,937$619,395$340,266$1,573,653
83$2,668,446$590,810$292,731$1,654,478
84$2,879,837$558,969$241,746$1,742,729
85$3,110,874$523,653$187,139$1,839,209
86$3,363,502$484,630$128,727$1,944,808
87$3,639,861$441,659$66,320$2,060,509
88$3,942,306$394,480$0$2,187,402
89$4,273,433$342,821$0$2,326,751
90$4,636,099$286,395$0$2,494,184
91$5,033,450$224,898$0$2,677,766
92$5,468,952$158,007$0$2,879,174
93$5,946,421$85,386$0$3,100,265
94$6,470,061$6,674$0$3,343,088
95$7,044,500$0$0$3,609,906
96$7,674,839$0$0$3,932,588
97$8,366,694$0$0$4,289,588
98$9,126,252$0$0$4,681,612
99$9,960,329$0$0$5,112,189
100$10,876,433$0$0$5,585,206