Can I retire at age 65 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$61,769$61,219$60,682$60,158$59,647$57,348
2 years$30,579$30,009$29,457$28,922$28,403$26,115
3 years$20,183$19,611$19,061$18,531$18,020$15,814
4 years$14,987$14,416$13,871$13,350$12,852$10,745
5 years$11,869$11,303$10,765$10,254$9,770$7,767
6 years$9,792$9,229$8,700$8,200$7,731$5,834
7 years$8,309$7,751$7,229$6,742$6,287$4,495
8 years$7,197$6,644$6,131$5,656$5,216$3,527
9 years$6,332$5,785$5,281$4,817$4,392$2,805
10 years$5,641$5,099$4,604$4,153$3,743$2,253
11 years$5,076$4,539$4,053$3,614$3,219$1,824
12 years$4,605$4,074$3,597$3,170$2,789$1,486
13 years$4,208$3,682$3,214$2,799$2,432$1,216
14 years$3,867$3,347$2,888$2,484$2,132$999
15 years$3,572$3,057$2,607$2,216$1,877$823
16 years$3,314$2,805$2,364$1,984$1,659$680
17 years$3,087$2,583$2,151$1,782$1,471$563
18 years$2,885$2,387$1,963$1,606$1,308$467
19 years$2,704$2,212$1,797$1,451$1,166$388
20 years$2,542$2,056$1,650$1,315$1,041$322
21 years$2,396$1,915$1,517$1,193$932$268
22 years$2,263$1,788$1,398$1,085$835$223
23 years$2,141$1,672$1,291$988$750$186
24 years$2,030$1,566$1,194$901$674$155
25 years$1,928$1,470$1,106$823$606$130
26 years$1,834$1,382$1,026$752$546$108
27 years$1,748$1,300$953$689$493$90
28 years$1,667$1,225$886$631$444$75
29 years$1,592$1,156$824$579$401$63
30 years$1,523$1,092$768$531$363$53
31 years$1,458$1,032$716$488$328$44
32 years$1,397$976$668$448$297$37
33 years$1,340$925$623$412$268$31
34 years$1,286$876$582$379$243$26
35 years$1,236$831$545$349$220$21
36 years$1,188$789$509$322$199$18
37 years$1,143$749$477$296$181$15
38 years$1,101$712$447$273$164$13
39 years$1,061$677$418$252$149$10
40 years$1,023$644$392$232$135$9
41 years$987$613$368$214$122$7
42 years$952$584$345$198$111$6
43 years$920$556$324$183$101$5
44 years$889$530$304$169$91$4
45 years$859$506$285$156$83$4
46 years$831$483$268$144$75$3
47 years$804$460$252$133$68$2
48 years$778$440$237$123$62$2
49 years$754$420$222$113$56$2
50 years$730$401$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $748,000, adding $4,554 every year, while hoping to spend $28,083 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: 70/22/8 Blend
64$748,000$748,000$748,000$748,000
65$828,993$789,349$777,755$885,558
66$883,671$798,147$773,930$932,384
67$942,984$806,435$769,036$979,726
68$1,007,376$814,159$763,006$1,030,765
69$1,077,335$821,259$755,773$1,085,856
70$1,153,396$827,674$747,265$1,145,395
71$1,236,150$833,338$737,406$1,209,814
72$1,326,246$838,180$726,118$1,279,591
73$1,424,399$842,126$713,318$1,355,254
74$1,531,393$845,095$698,919$1,437,384
75$1,648,094$847,004$682,833$1,526,620
76$1,775,455$847,762$664,962$1,623,669
77$1,914,523$847,274$645,210$1,729,309
78$2,066,452$845,438$623,472$1,844,399
79$2,232,512$842,147$599,641$1,969,883
80$2,414,101$837,286$573,602$2,106,806
81$2,612,760$830,733$545,238$2,256,318
82$2,830,183$822,361$514,425$2,419,685
83$3,068,238$812,032$481,034$2,598,307
84$3,328,979$799,603$444,930$2,793,725
85$3,614,671$784,919$405,971$3,007,637
86$3,927,807$767,820$364,011$3,241,919
87$4,271,132$748,132$318,895$3,498,635
88$4,647,672$725,675$270,461$3,780,064
89$5,060,756$700,255$218,544$4,088,716
90$5,514,054$671,668$162,966$4,427,361
91$6,011,608$639,700$103,545$4,799,051
92$6,557,867$604,121$40,090$5,207,152
93$7,157,738$564,691$0$5,655,374
94$7,816,620$521,154$0$6,150,168
95$8,540,466$473,241$0$6,697,490
96$9,335,830$420,666$0$7,298,906
97$10,209,935$363,129$0$7,959,917
98$11,170,737$300,311$0$8,686,588
99$12,227,001$231,875$0$9,485,602
100$13,388,385$157,467$0$10,364,328