Can I retire at age 65 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$61,274$60,728$60,195$59,676$59,168$58,623
2 years$30,333$29,769$29,221$28,690$28,175$27,626
3 years$20,021$19,454$18,908$18,382$17,876$17,340
4 years$14,866$14,301$13,760$13,243$12,749$12,230
5 years$11,774$11,212$10,678$10,172$9,692$9,191
6 years$9,713$9,155$8,630$8,135$7,669$7,188
7 years$8,242$7,689$7,171$6,688$6,237$5,775
8 years$7,139$6,591$6,082$5,610$5,174$4,732
9 years$6,281$5,738$5,238$4,779$4,357$3,934
10 years$5,596$5,058$4,567$4,119$3,713$3,308
11 years$5,035$4,503$4,021$3,585$3,193$2,807
12 years$4,569$4,042$3,568$3,145$2,767$2,400
13 years$4,174$3,652$3,188$2,776$2,413$2,064
14 years$3,836$3,320$2,864$2,464$2,115$1,783
15 years$3,543$3,033$2,586$2,198$1,862$1,547
16 years$3,287$2,783$2,345$1,968$1,646$1,347
17 years$3,062$2,563$2,134$1,768$1,459$1,177
18 years$2,862$2,368$1,948$1,593$1,298$1,030
19 years$2,683$2,195$1,783$1,440$1,157$904
20 years$2,522$2,039$1,636$1,304$1,033$795
21 years$2,376$1,900$1,505$1,184$924$700
22 years$2,245$1,773$1,387$1,076$829$617
23 years$2,124$1,658$1,281$980$744$545
24 years$2,014$1,554$1,185$894$669$482
25 years$1,913$1,458$1,097$816$602$426
26 years$1,820$1,370$1,018$746$542$378
27 years$1,734$1,290$945$683$489$335
28 years$1,654$1,215$878$626$441$297
29 years$1,580$1,147$817$574$398$263
30 years$1,510$1,083$761$527$360$234
31 years$1,446$1,024$710$484$325$208
32 years$1,385$969$662$445$294$184
33 years$1,329$917$618$409$266$164
34 years$1,276$869$578$376$241$146
35 years$1,226$825$540$346$218$130
36 years$1,178$783$505$319$198$115
37 years$1,134$743$473$294$179$103
38 years$1,092$706$443$271$163$91
39 years$1,052$672$415$250$147$81
40 years$1,014$639$389$230$134$72
41 years$979$608$365$213$121$64
42 years$945$579$342$196$110$57
43 years$912$552$321$181$100$51
44 years$882$526$301$167$91$45
45 years$852$502$283$154$82$40
46 years$824$479$266$143$75$36
47 years$798$457$250$132$68$32
48 years$772$436$235$122$62$29
49 years$748$416$221$113$56$25
50 years$724$398$207$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $742,000, adding $3,594 every year, while hoping to spend $31,566 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: 27/46/27 Blend
64$742,000$742,000$742,000$742,000
65$821,391$782,065$770,564$836,577
66$871,587$786,800$762,792$853,834
67$925,845$790,710$753,702$869,390
68$984,546$793,719$743,216$885,447
69$1,048,109$795,751$731,252$902,068
70$1,116,994$796,720$717,727$919,326
71$1,191,708$796,540$702,551$937,305
72$1,272,807$795,115$685,632$956,100
73$1,360,904$792,347$666,871$975,816
74$1,456,672$788,128$646,167$996,576
75$1,560,853$782,346$623,414$1,018,515
76$1,674,261$774,883$598,500$1,041,788
77$1,797,795$765,611$571,309$1,066,568
78$1,932,441$754,397$541,718$1,093,050
79$2,079,285$741,098$509,602$1,121,454
80$2,239,525$725,564$474,826$1,152,025
81$2,414,476$707,636$437,252$1,185,041
82$2,605,587$687,145$396,735$1,220,810
83$2,814,454$663,912$353,123$1,259,678
84$3,042,833$637,749$306,257$1,302,034
85$3,292,658$608,454$255,972$1,348,308
86$3,566,057$575,817$202,096$1,398,986
87$3,865,377$539,613$144,447$1,454,605
88$4,193,197$499,606$82,838$1,515,768
89$4,552,362$455,546$17,072$1,583,145
90$4,946,003$407,168$0$1,657,484
91$5,377,568$354,192$0$1,754,915
92$5,850,856$296,323$0$1,867,308
93$6,370,050$233,249$0$1,990,832
94$6,939,757$164,640$0$2,126,699
95$7,565,053$90,148$0$2,276,249
96$8,251,528$9,406$0$2,440,970
97$9,005,342$0$0$2,622,505
98$9,833,277$0$0$2,862,144
99$10,742,808$0$0$3,130,760
100$11,742,166$0$0$3,426,042