Can I retire at age 65 with 745,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$61,521$60,973$60,439$59,917$59,407$58,375
2 years$30,456$29,889$29,339$28,806$28,289$27,253
3 years$20,102$19,533$18,984$18,456$17,948$16,939
4 years$14,927$14,359$13,816$13,297$12,801$11,828
5 years$11,822$11,257$10,722$10,213$9,731$8,796
6 years$9,753$9,192$8,665$8,168$7,700$6,805
7 years$8,275$7,720$7,200$6,715$6,262$5,407
8 years$7,168$6,617$6,106$5,633$5,195$4,379
9 years$6,307$5,762$5,260$4,798$4,375$3,598
10 years$5,619$5,079$4,585$4,136$3,728$2,990
11 years$5,056$4,521$4,037$3,600$3,206$2,505
12 years$4,587$4,058$3,583$3,157$2,778$2,114
13 years$4,191$3,667$3,201$2,787$2,423$1,795
14 years$3,851$3,333$2,876$2,474$2,124$1,530
15 years$3,558$3,045$2,597$2,207$1,870$1,310
16 years$3,301$2,794$2,354$1,976$1,653$1,125
17 years$3,074$2,573$2,142$1,775$1,465$969
18 years$2,873$2,378$1,956$1,600$1,303$836
19 years$2,694$2,203$1,790$1,446$1,161$723
20 years$2,532$2,048$1,643$1,309$1,037$626
21 years$2,386$1,907$1,511$1,188$928$543
22 years$2,254$1,780$1,393$1,080$832$472
23 years$2,133$1,665$1,286$984$747$410
24 years$2,022$1,560$1,189$897$671$357
25 years$1,921$1,464$1,102$820$604$311
26 years$1,827$1,376$1,022$749$544$271
27 years$1,741$1,295$949$686$491$236
28 years$1,660$1,220$882$628$443$206
29 years$1,586$1,151$821$576$400$180
30 years$1,516$1,087$764$529$361$157
31 years$1,452$1,028$713$486$327$137
32 years$1,391$972$665$446$295$120
33 years$1,334$921$621$411$267$105
34 years$1,281$873$580$378$242$92
35 years$1,231$828$542$348$219$80
36 years$1,183$786$507$320$199$70
37 years$1,139$746$475$295$180$61
38 years$1,096$709$445$272$163$54
39 years$1,056$674$417$251$148$47
40 years$1,019$642$391$231$134$41
41 years$983$611$366$213$122$36
42 years$948$582$343$197$110$31
43 years$916$554$322$182$100$28
44 years$885$528$303$168$91$24
45 years$856$504$284$155$83$21
46 years$828$481$267$143$75$18
47 years$801$459$251$132$68$16
48 years$775$438$236$122$62$14
49 years$751$418$221$113$56$12
50 years$727$399$208$104$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $745,000, adding $3,111 every year, while hoping to spend $44,168 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: 66/23/11 Blend
64$745,000$745,000$745,000$745,000
65$824,199$784,714$773,166$876,418
66$861,273$776,171$752,073$903,054
67$900,648$765,728$728,793$926,648
68$942,512$753,247$703,206$951,302
69$987,072$738,580$675,186$977,116
70$1,034,552$721,569$644,604$1,004,202
71$1,085,199$702,048$611,321$1,032,683
72$1,139,283$679,843$575,194$1,062,697
73$1,197,101$654,766$536,074$1,094,399
74$1,258,977$626,621$493,804$1,127,958
75$1,325,268$595,200$448,221$1,163,565
76$1,396,362$560,283$399,154$1,201,432
77$1,472,691$521,636$346,425$1,241,794
78$1,554,722$479,013$289,847$1,284,913
79$1,642,973$432,153$229,226$1,331,078
80$1,738,009$380,783$164,359$1,380,614
81$1,840,455$324,609$95,033$1,433,879
82$1,950,992$263,326$21,028$1,491,270
83$2,070,374$196,609$0$1,553,230
84$2,199,423$124,115$0$1,627,050
85$2,339,049$45,481$0$1,709,550
86$2,490,249$0$0$1,798,891
87$2,654,118$0$0$1,905,814
88$2,831,862$0$0$2,034,317
89$3,024,807$0$0$2,173,852
90$3,234,412$0$0$2,325,478
91$3,462,281$0$0$2,490,361
92$3,710,178$0$0$2,669,785
93$3,980,044$0$0$2,865,161
94$4,274,018$0$0$3,078,041
95$4,594,448$0$0$3,310,134
96$4,943,924$0$0$3,563,323
97$5,325,293$0$0$3,839,676
98$5,741,689$0$0$4,141,474
99$6,196,565$0$0$4,471,225
100$6,693,718$0$0$4,831,692