Can I retire at age 65 with 745,000?

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 $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%12.4%
1 years$61,521$60,973$60,439$59,917$59,407$58,811
2 years$30,456$29,889$29,339$28,806$28,289$27,689
3 years$20,102$19,533$18,984$18,456$17,948$17,362
4 years$14,927$14,359$13,816$13,297$12,801$12,233
5 years$11,822$11,257$10,722$10,213$9,731$9,184
6 years$9,753$9,192$8,665$8,168$7,700$7,174
7 years$8,275$7,720$7,200$6,715$6,262$5,758
8 years$7,168$6,617$6,106$5,633$5,195$4,712
9 years$6,307$5,762$5,260$4,798$4,375$3,913
10 years$5,619$5,079$4,585$4,136$3,728$3,287
11 years$5,056$4,521$4,037$3,600$3,206$2,786
12 years$4,587$4,058$3,583$3,157$2,778$2,378
13 years$4,191$3,667$3,201$2,787$2,423$2,042
14 years$3,851$3,333$2,876$2,474$2,124$1,763
15 years$3,558$3,045$2,597$2,207$1,870$1,527
16 years$3,301$2,794$2,354$1,976$1,653$1,328
17 years$3,074$2,573$2,142$1,775$1,465$1,158
18 years$2,873$2,378$1,956$1,600$1,303$1,013
19 years$2,694$2,203$1,790$1,446$1,161$888
20 years$2,532$2,048$1,643$1,309$1,037$779
21 years$2,386$1,907$1,511$1,188$928$685
22 years$2,254$1,780$1,393$1,080$832$603
23 years$2,133$1,665$1,286$984$747$532
24 years$2,022$1,560$1,189$897$671$469
25 years$1,921$1,464$1,102$820$604$415
26 years$1,827$1,376$1,022$749$544$367
27 years$1,741$1,295$949$686$491$324
28 years$1,660$1,220$882$628$443$287
29 years$1,586$1,151$821$576$400$254
30 years$1,516$1,087$764$529$361$225
31 years$1,452$1,028$713$486$327$200
32 years$1,391$972$665$446$295$177
33 years$1,334$921$621$411$267$157
34 years$1,281$873$580$378$242$140
35 years$1,231$828$542$348$219$124
36 years$1,183$786$507$320$199$110
37 years$1,139$746$475$295$180$98
38 years$1,096$709$445$272$163$87
39 years$1,056$674$417$251$148$77
40 years$1,019$642$391$231$134$69
41 years$983$611$366$213$122$61
42 years$948$582$343$197$110$54
43 years$916$554$322$182$100$48
44 years$885$528$303$168$91$43
45 years$856$504$284$155$83$38
46 years$828$481$267$143$75$34
47 years$801$459$251$132$68$30
48 years$775$438$236$122$62$27
49 years$751$418$221$113$56$24
50 years$727$399$208$104$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $745,000, adding $2,710 every year, while hoping to spend $30,015 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: 47/28/25 Blend
64$745,000$745,000$745,000$745,000
65$823,785$784,300$772,753$856,500
66$875,876$790,795$766,704$886,257
67$932,273$796,603$759,447$915,369
68$993,386$801,657$750,909$946,373
69$1,059,662$805,888$741,015$979,461
70$1,131,593$809,223$729,685$1,014,847
71$1,209,723$811,582$716,837$1,052,767
72$1,294,648$812,882$702,384$1,093,482
73$1,387,022$813,035$686,235$1,137,284
74$1,487,570$811,944$668,295$1,184,493
75$1,597,084$809,511$648,464$1,235,467
76$1,716,438$805,629$626,640$1,290,599
77$1,846,595$800,185$602,712$1,350,328
78$1,988,613$793,060$576,568$1,415,136
79$2,143,657$784,125$548,089$1,485,559
80$2,313,010$773,247$517,150$1,562,190
81$2,498,084$760,284$483,622$1,645,686
82$2,700,434$745,083$447,368$1,736,771
83$2,921,771$727,485$408,248$1,836,250
84$3,163,981$707,320$366,113$1,945,009
85$3,429,137$684,410$320,808$2,064,033
86$3,719,526$658,563$272,172$2,194,406
87$4,037,665$629,579$220,037$2,337,330
88$4,386,323$597,245$164,225$2,494,132
89$4,768,555$561,337$104,553$2,666,280
90$5,187,722$521,616$40,830$2,855,395
91$5,647,526$477,832$0$3,063,271
92$6,152,045$429,717$0$3,299,135
93$6,705,772$376,992$0$3,570,022
94$7,313,656$319,359$0$3,867,503
95$7,981,146$256,505$0$4,194,310
96$8,714,247$188,099$0$4,553,455
97$9,519,574$113,789$0$4,948,259
98$10,404,413$33,208$0$5,382,389
99$11,376,792$0$0$5,859,886
100$12,445,554$0$0$6,401,860