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%19.5%
1 years$61,439$60,892$60,358$59,836$59,328$57,064
2 years$30,415$29,849$29,300$28,768$28,251$25,997
3 years$20,075$19,507$18,959$18,432$17,924$15,750
4 years$14,907$14,339$13,797$13,279$12,783$10,707
5 years$11,806$11,242$10,707$10,200$9,718$7,744
6 years$9,740$9,180$8,653$8,157$7,689$5,819
7 years$8,264$7,709$7,191$6,706$6,253$4,487
8 years$7,158$6,608$6,098$5,626$5,188$3,523
9 years$6,298$5,754$5,252$4,792$4,369$2,803
10 years$5,611$5,072$4,579$4,130$3,723$2,253
11 years$5,049$4,515$4,031$3,595$3,202$1,825
12 years$4,581$4,052$3,578$3,153$2,774$1,488
13 years$4,185$3,662$3,197$2,784$2,419$1,218
14 years$3,846$3,329$2,872$2,471$2,121$1,002
15 years$3,553$3,041$2,593$2,204$1,867$826
16 years$3,296$2,790$2,351$1,973$1,650$683
17 years$3,070$2,570$2,139$1,773$1,463$566
18 years$2,869$2,374$1,953$1,598$1,301$470
19 years$2,690$2,201$1,788$1,444$1,160$390
20 years$2,529$2,045$1,641$1,308$1,036$325
21 years$2,383$1,905$1,509$1,187$927$270
22 years$2,251$1,778$1,391$1,079$831$225
23 years$2,130$1,663$1,284$983$746$188
24 years$2,020$1,558$1,188$896$670$157
25 years$1,918$1,462$1,100$818$603$131
26 years$1,825$1,374$1,020$748$543$109
27 years$1,738$1,293$947$685$490$91
28 years$1,658$1,219$881$628$442$76
29 years$1,584$1,150$820$576$399$64
30 years$1,514$1,086$763$528$361$53
31 years$1,450$1,026$712$485$326$45
32 years$1,389$971$664$446$295$37
33 years$1,332$920$620$410$267$31
34 years$1,279$872$579$377$242$26
35 years$1,229$827$542$347$219$22
36 years$1,182$785$507$320$198$18
37 years$1,137$745$474$295$180$15
38 years$1,095$708$444$272$163$13
39 years$1,055$674$416$250$148$11
40 years$1,017$641$390$231$134$9
41 years$981$610$366$213$122$7
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$4
45 years$855$503$284$155$83$4
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$3
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $744,000, adding $2,232 every year, while hoping to spend $30,663 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: 26/49/25 Blend
64$744,000$744,000$744,000$744,000
65$822,190$782,758$771,226$837,050
66$873,429$788,488$764,437$854,979
67$928,865$793,471$756,393$871,406
68$988,897$797,638$747,019$888,389
69$1,053,958$800,916$736,238$905,994
70$1,124,527$803,227$723,968$924,297
71$1,201,131$804,487$710,123$943,385
72$1,284,349$804,609$694,614$963,355
73$1,374,816$803,499$677,348$984,317
74$1,473,235$801,058$658,226$1,006,396
75$1,580,376$797,181$637,147$1,029,731
76$1,697,086$791,754$614,004$1,054,482
77$1,824,299$784,660$588,683$1,080,825
78$1,963,042$775,774$561,069$1,108,961
79$2,114,446$764,960$531,038$1,139,111
80$2,279,755$752,079$498,464$1,171,529
81$2,460,340$736,980$463,212$1,206,494
82$2,657,707$719,505$425,142$1,244,322
83$2,873,518$699,486$384,109$1,285,363
84$3,109,600$676,744$339,960$1,330,012
85$3,367,967$651,092$292,537$1,378,707
86$3,650,835$622,331$241,672$1,431,937
87$3,960,644$590,249$187,192$1,490,250
88$4,300,083$554,624$128,916$1,554,253
89$4,672,111$515,221$66,654$1,624,626
90$5,079,989$471,789$210$1,702,122
91$5,527,307$424,066$0$1,787,584
92$6,018,020$371,773$0$1,900,802
93$6,556,484$314,615$0$2,025,244
94$7,147,497$252,283$0$2,162,068
95$7,796,344$184,448$0$2,312,619
96$8,508,848$110,762$0$2,478,387
97$9,291,420$30,860$0$2,661,019
98$10,151,128$0$0$2,862,342
99$11,095,753$0$0$3,114,378
100$12,133,870$0$0$3,409,779