Can I retire at age 65 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$61,852$61,301$60,763$60,239$59,726$58,737
2 years$30,620$30,049$29,497$28,961$28,441$27,447
3 years$20,210$19,638$19,086$18,556$18,044$17,077
4 years$15,007$14,436$13,890$13,368$12,869$11,936
5 years$11,885$11,318$10,779$10,268$9,783$8,886
6 years$9,805$9,242$8,711$8,211$7,741$6,881
7 years$8,320$7,761$7,239$6,751$6,295$5,474
8 years$7,206$6,653$6,139$5,663$5,223$4,439
9 years$6,341$5,792$5,288$4,824$4,398$3,652
10 years$5,649$5,106$4,610$4,158$3,748$3,037
11 years$5,083$4,545$4,059$3,619$3,223$2,549
12 years$4,612$4,080$3,602$3,174$2,793$2,154
13 years$4,213$3,687$3,218$2,802$2,436$1,830
14 years$3,872$3,351$2,891$2,488$2,135$1,563
15 years$3,577$3,061$2,611$2,219$1,880$1,340
16 years$3,318$2,809$2,367$1,986$1,661$1,152
17 years$3,091$2,587$2,154$1,785$1,473$994
18 years$2,889$2,390$1,966$1,608$1,310$859
19 years$2,708$2,215$1,800$1,453$1,167$744
20 years$2,546$2,059$1,652$1,316$1,043$645
21 years$2,399$1,917$1,519$1,195$933$561
22 years$2,266$1,790$1,400$1,086$836$488
23 years$2,144$1,674$1,293$989$751$425
24 years$2,033$1,568$1,196$902$675$370
25 years$1,931$1,472$1,108$824$607$323
26 years$1,837$1,383$1,027$753$547$282
27 years$1,750$1,302$954$690$493$246
28 years$1,669$1,227$887$632$445$215
29 years$1,594$1,157$825$579$402$188
30 years$1,525$1,093$769$532$363$165
31 years$1,459$1,033$717$488$328$144
32 years$1,399$978$669$449$297$126
33 years$1,341$926$624$413$269$110
34 years$1,288$878$583$380$243$97
35 years$1,237$832$545$350$220$85
36 years$1,190$790$510$322$200$74
37 years$1,145$750$477$297$181$65
38 years$1,102$713$447$273$164$57
39 years$1,062$678$419$252$149$50
40 years$1,024$645$393$233$135$44
41 years$988$614$368$215$122$38
42 years$954$585$345$198$111$34
43 years$921$557$324$183$101$29
44 years$890$531$304$169$92$26
45 years$860$506$286$156$83$23
46 years$832$483$268$144$75$20
47 years$805$461$252$133$68$17
48 years$779$440$237$123$62$15
49 years$755$420$223$114$56$13
50 years$731$402$209$105$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $749,000, adding $4,163 every year, while hoping to spend $25,304 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: 66/8/26 Blend
64$749,000$749,000$749,000$749,000
65$829,692$789,995$778,386$878,565
66$887,397$801,782$777,538$923,792
67$950,141$813,298$775,814$969,998
68$1,018,409$824,503$773,158$1,019,947
69$1,092,738$835,355$769,510$1,074,011
70$1,173,718$845,808$764,810$1,132,598
71$1,261,998$855,814$758,992$1,196,158
72$1,358,292$865,319$751,988$1,265,190
73$1,463,387$874,268$743,728$1,340,241
74$1,578,147$882,602$734,138$1,421,915
75$1,703,526$890,258$723,140$1,510,880
76$1,840,573$897,168$710,652$1,607,870
77$1,990,442$903,259$696,590$1,713,698
78$2,154,405$908,457$680,863$1,829,257
79$2,333,861$912,678$663,379$1,955,534
80$2,530,353$915,837$644,040$2,093,616
81$2,745,578$917,842$622,744$2,244,704
82$2,981,405$918,595$599,385$2,410,120
83$3,239,893$917,991$573,849$2,591,323
84$3,523,311$915,921$546,022$2,789,922
85$3,834,155$912,268$515,780$3,007,691
86$4,175,176$906,906$482,996$3,246,585
87$4,549,405$899,705$447,537$3,508,763
88$4,960,178$890,525$409,263$3,796,601
89$5,411,172$879,217$368,030$4,112,724
90$5,906,437$865,623$323,684$4,460,021
91$6,450,434$849,579$276,067$4,841,682
92$7,048,077$830,907$225,014$5,261,222
93$7,704,780$809,421$170,351$5,722,515
94$8,426,507$784,922$111,898$6,229,835
95$9,219,829$757,202$49,465$6,787,894
96$10,091,986$726,039$0$7,401,883
97$11,050,952$691,198$0$8,082,292
98$12,105,515$652,432$0$8,845,624
99$13,265,354$609,479$0$9,685,163
100$14,541,138$562,061$0$10,608,641