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%11.2%
1 years$61,521$60,973$60,439$59,917$59,407$59,107
2 years$30,456$29,889$29,339$28,806$28,289$27,986
3 years$20,102$19,533$18,984$18,456$17,948$17,652
4 years$14,927$14,359$13,816$13,297$12,801$12,513
5 years$11,822$11,257$10,722$10,213$9,731$9,453
6 years$9,753$9,192$8,665$8,168$7,700$7,432
7 years$8,275$7,720$7,200$6,715$6,262$6,005
8 years$7,168$6,617$6,106$5,633$5,195$4,948
9 years$6,307$5,762$5,260$4,798$4,375$4,138
10 years$5,619$5,079$4,585$4,136$3,728$3,501
11 years$5,056$4,521$4,037$3,600$3,206$2,989
12 years$4,587$4,058$3,583$3,157$2,778$2,571
13 years$4,191$3,667$3,201$2,787$2,423$2,225
14 years$3,851$3,333$2,876$2,474$2,124$1,935
15 years$3,558$3,045$2,597$2,207$1,870$1,691
16 years$3,301$2,794$2,354$1,976$1,653$1,482
17 years$3,074$2,573$2,142$1,775$1,465$1,304
18 years$2,873$2,378$1,956$1,600$1,303$1,149
19 years$2,694$2,203$1,790$1,446$1,161$1,016
20 years$2,532$2,048$1,643$1,309$1,037$900
21 years$2,386$1,907$1,511$1,188$928$798
22 years$2,254$1,780$1,393$1,080$832$709
23 years$2,133$1,665$1,286$984$747$631
24 years$2,022$1,560$1,189$897$671$562
25 years$1,921$1,464$1,102$820$604$501
26 years$1,827$1,376$1,022$749$544$447
27 years$1,741$1,295$949$686$491$399
28 years$1,660$1,220$882$628$443$357
29 years$1,586$1,151$821$576$400$319
30 years$1,516$1,087$764$529$361$286
31 years$1,452$1,028$713$486$327$256
32 years$1,391$972$665$446$295$229
33 years$1,334$921$621$411$267$205
34 years$1,281$873$580$378$242$184
35 years$1,231$828$542$348$219$165
36 years$1,183$786$507$320$199$148
37 years$1,139$746$475$295$180$133
38 years$1,096$709$445$272$163$119
39 years$1,056$674$417$251$148$107
40 years$1,019$642$391$231$134$96
41 years$983$611$366$213$122$86
42 years$948$582$343$197$110$78
43 years$916$554$322$182$100$70
44 years$885$528$303$168$91$63
45 years$856$504$284$155$83$56
46 years$828$481$267$143$75$51
47 years$801$459$251$132$68$45
48 years$775$438$236$122$62$41
49 years$751$418$221$113$56$37
50 years$727$399$208$104$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $745,000, adding $3,327 every year, while hoping to spend $42,148 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: 63/17/20 Blend
64$745,000$745,000$745,000$745,000
65$824,422$784,937$773,389$871,928
66$863,668$778,554$754,453$897,951
67$905,504$770,445$733,469$921,324
68$950,151$760,482$710,325$945,876
69$997,848$748,528$684,903$971,723
70$1,048,860$734,437$657,079$998,998
71$1,103,476$718,057$626,724$1,027,847
72$1,162,014$699,225$593,702$1,058,434
73$1,224,821$677,768$557,873$1,090,941
74$1,292,279$653,505$519,088$1,125,570
75$1,364,807$626,243$477,193$1,162,545
76$1,442,866$595,777$432,027$1,202,118
77$1,526,960$561,892$383,423$1,244,565
78$1,617,646$524,360$331,202$1,290,194
79$1,715,531$482,939$275,183$1,339,349
80$1,821,287$437,375$215,173$1,392,409
81$1,935,649$387,397$150,973$1,449,796
82$2,059,426$332,721$82,372$1,511,978
83$2,193,509$273,046$9,152$1,579,474
84$2,338,875$208,053$0$1,652,859
85$2,496,599$137,407$0$1,747,493
86$2,667,865$60,752$0$1,852,402
87$2,853,973$0$0$1,966,466
88$3,056,355$0$0$2,094,779
89$3,276,585$0$0$2,246,821
90$3,516,396$0$0$2,412,431
91$3,777,693$0$0$2,592,930
92$4,062,576$0$0$2,789,775
93$4,373,353$0$0$3,004,568
94$4,712,565$0$0$3,239,071
95$5,083,011$0$0$3,495,228
96$5,487,770$0$0$3,775,174
97$5,930,232$0$0$4,081,263
98$6,414,131$0$0$4,416,085
99$6,943,577$0$0$4,782,492
100$7,523,095$0$0$5,183,627