Can I retire at age 65 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$61,439$60,892$60,358$59,836$59,328$58,489
2 years$30,415$29,849$29,300$28,768$28,251$27,408
3 years$20,075$19,507$18,959$18,432$17,924$17,102
4 years$14,907$14,339$13,797$13,279$12,783$11,990
5 years$11,806$11,242$10,707$10,200$9,718$8,954
6 years$9,740$9,180$8,653$8,157$7,689$6,957
7 years$8,264$7,709$7,191$6,706$6,253$5,553
8 years$7,158$6,608$6,098$5,626$5,188$4,518
9 years$6,298$5,754$5,252$4,792$4,369$3,730
10 years$5,611$5,072$4,579$4,130$3,723$3,114
11 years$5,049$4,515$4,031$3,595$3,202$2,623
12 years$4,581$4,052$3,578$3,153$2,774$2,225
13 years$4,185$3,662$3,197$2,784$2,419$1,899
14 years$3,846$3,329$2,872$2,471$2,121$1,628
15 years$3,553$3,041$2,593$2,204$1,867$1,401
16 years$3,296$2,790$2,351$1,973$1,650$1,210
17 years$3,070$2,570$2,139$1,773$1,463$1,048
18 years$2,869$2,374$1,953$1,598$1,301$910
19 years$2,690$2,201$1,788$1,444$1,160$791
20 years$2,529$2,045$1,641$1,308$1,036$690
21 years$2,383$1,905$1,509$1,187$927$602
22 years$2,251$1,778$1,391$1,079$831$526
23 years$2,130$1,663$1,284$983$746$460
24 years$2,020$1,558$1,188$896$670$403
25 years$1,918$1,462$1,100$818$603$353
26 years$1,825$1,374$1,020$748$543$310
27 years$1,738$1,293$947$685$490$272
28 years$1,658$1,219$881$628$442$239
29 years$1,584$1,150$820$576$399$210
30 years$1,514$1,086$763$528$361$184
31 years$1,450$1,026$712$485$326$162
32 years$1,389$971$664$446$295$143
33 years$1,332$920$620$410$267$126
34 years$1,279$872$579$377$242$111
35 years$1,229$827$542$347$219$97
36 years$1,182$785$507$320$198$86
37 years$1,137$745$474$295$180$75
38 years$1,095$708$444$272$163$66
39 years$1,055$674$416$250$148$59
40 years$1,017$641$390$231$134$52
41 years$981$610$366$213$122$45
42 years$947$581$343$197$110$40
43 years$915$553$322$182$100$35
44 years$884$528$302$168$91$31
45 years$855$503$284$155$83$27
46 years$827$480$266$143$75$24
47 years$800$458$250$132$68$21
48 years$774$437$235$122$62$19
49 years$750$418$221$113$56$17
50 years$726$399$208$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $744,000, adding $6,878 every year, while hoping to spend $38,099 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: 68/22/10 Blend
64$744,000$744,000$744,000$744,000
65$826,983$787,551$776,019$881,068
66$870,798$785,604$761,478$915,926
67$917,805$782,284$745,174$948,807
68$968,290$777,485$727,006$983,763
69$1,022,566$771,092$706,871$1,020,992
70$1,080,977$762,984$684,660$1,060,713
71$1,143,900$753,034$660,259$1,103,168
72$1,211,750$741,105$633,550$1,148,623
73$1,284,982$727,053$604,408$1,197,374
74$1,364,098$710,726$572,704$1,249,748
75$1,449,647$691,963$538,300$1,306,106
76$1,542,234$670,592$501,056$1,366,847
77$1,642,524$646,433$460,823$1,432,412
78$1,751,247$619,294$417,447$1,503,288
79$1,869,207$588,972$370,764$1,580,016
80$1,997,288$555,254$320,607$1,663,189
81$2,136,462$517,912$266,798$1,753,466
82$2,287,799$476,707$209,153$1,851,575
83$2,452,475$431,386$147,480$1,958,318
84$2,631,784$381,681$81,578$2,074,584
85$2,827,151$327,309$11,236$2,201,353
86$3,040,144$267,970$0$2,339,708
87$3,272,488$203,350$0$2,497,656
88$3,526,081$133,114$0$2,671,432
89$3,803,015$56,910$0$2,861,318
90$4,105,591$0$0$3,068,955
91$4,436,341$0$0$3,302,355
92$4,798,054$0$0$3,572,714
93$5,193,803$0$0$3,868,555
94$5,626,968$0$0$4,192,412
95$6,101,273$0$0$4,547,074
96$6,620,818$0$0$4,935,614
97$7,190,118$0$0$5,361,414
98$7,814,148$0$0$5,828,200
99$8,498,384$0$0$6,340,075
100$9,248,859$0$0$6,901,560