Can I retire at age 65 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$61,191$60,646$60,114$59,595$59,088$58,716
2 years$30,293$29,728$29,182$28,652$28,137$27,762
3 years$19,994$19,428$18,882$18,357$17,851$17,484
4 years$14,846$14,282$13,742$13,225$12,732$12,376
5 years$11,758$11,197$10,664$10,158$9,679$9,335
6 years$9,700$9,143$8,618$8,124$7,658$7,327
7 years$8,231$7,678$7,162$6,679$6,228$5,910
8 years$7,129$6,582$6,074$5,603$5,167$4,862
9 years$6,273$5,731$5,231$4,772$4,351$4,059
10 years$5,588$5,051$4,561$4,114$3,708$3,428
11 years$5,029$4,497$4,015$3,580$3,189$2,921
12 years$4,562$4,036$3,563$3,140$2,763$2,508
13 years$4,168$3,647$3,184$2,772$2,410$2,166
14 years$3,831$3,315$2,861$2,461$2,112$1,881
15 years$3,538$3,029$2,583$2,195$1,860$1,640
16 years$3,283$2,779$2,342$1,965$1,644$1,435
17 years$3,058$2,559$2,131$1,766$1,457$1,259
18 years$2,858$2,365$1,945$1,591$1,296$1,108
19 years$2,679$2,192$1,781$1,438$1,155$977
20 years$2,518$2,037$1,634$1,302$1,032$863
21 years$2,373$1,897$1,503$1,182$923$764
22 years$2,242$1,771$1,385$1,075$828$678
23 years$2,121$1,656$1,279$979$743$601
24 years$2,011$1,552$1,183$893$668$534
25 years$1,910$1,456$1,096$815$601$475
26 years$1,817$1,369$1,016$745$541$423
27 years$1,731$1,288$944$682$488$377
28 years$1,652$1,214$877$625$440$336
29 years$1,577$1,145$816$573$398$300
30 years$1,508$1,081$760$526$359$268
31 years$1,444$1,022$709$483$325$239
32 years$1,384$967$661$444$294$214
33 years$1,327$916$618$408$266$191
34 years$1,274$868$577$376$241$171
35 years$1,224$823$539$346$218$153
36 years$1,177$782$505$319$198$137
37 years$1,132$742$472$293$179$122
38 years$1,090$705$442$270$162$110
39 years$1,051$671$414$249$147$98
40 years$1,013$638$388$230$134$88
41 years$977$608$364$212$121$79
42 years$943$579$342$196$110$71
43 years$911$551$321$181$100$63
44 years$880$525$301$167$91$57
45 years$851$501$283$154$82$51
46 years$823$478$265$142$75$45
47 years$797$456$249$132$68$41
48 years$771$435$234$122$62$37
49 years$747$416$220$112$56$33
50 years$723$397$207$104$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $741,000, adding $3,501 every year, while hoping to spend $54,831 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: 55/21/24 Blend
64$741,000$741,000$741,000$741,000
65$820,193$780,920$769,435$859,730
66$845,513$760,846$736,871$867,188
67$871,578$737,950$701,379$869,275
68$898,406$712,036$662,802$870,400
69$926,015$682,897$620,977$870,486
70$954,423$650,314$575,735$869,455
71$983,649$614,054$526,896$867,222
72$1,013,709$573,871$474,276$863,697
73$1,044,623$529,505$417,679$858,787
74$1,076,406$480,683$356,903$852,390
75$1,109,075$427,113$291,735$844,402
76$1,142,648$368,488$221,955$834,708
77$1,177,139$304,485$147,332$823,191
78$1,212,563$234,761$67,624$809,724
79$1,248,935$158,954$0$794,173
80$1,286,266$76,682$0$780,863
81$1,324,568$0$0$783,948
82$1,363,850$0$0$788,885
83$1,404,121$0$0$812,104
84$1,445,385$0$0$835,888
85$1,487,647$0$0$860,238
86$1,530,908$0$0$885,153
87$1,575,163$0$0$910,630
88$1,620,408$0$0$936,665
89$1,666,632$0$0$963,249
90$1,713,821$0$0$990,373
91$1,761,954$0$0$1,018,023
92$1,811,007$0$0$1,046,182
93$1,860,947$0$0$1,074,829
94$1,911,735$0$0$1,103,939
95$1,963,325$0$0$1,133,483
96$2,015,659$0$0$1,163,423
97$2,068,671$0$0$1,193,718
98$2,122,285$0$0$1,224,320
99$2,176,409$0$0$1,255,172
100$2,230,940$0$0$1,286,209