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%13.1%
1 years$61,852$61,301$60,763$60,239$59,726$58,956
2 years$30,620$30,049$29,497$28,961$28,441$27,666
3 years$20,210$19,638$19,086$18,556$18,044$17,288
4 years$15,007$14,436$13,890$13,368$12,869$12,139
5 years$11,885$11,318$10,779$10,268$9,783$9,080
6 years$9,805$9,242$8,711$8,211$7,741$7,066
7 years$8,320$7,761$7,239$6,751$6,295$5,649
8 years$7,206$6,653$6,139$5,663$5,223$4,604
9 years$6,341$5,792$5,288$4,824$4,398$3,808
10 years$5,649$5,106$4,610$4,158$3,748$3,185
11 years$5,083$4,545$4,059$3,619$3,223$2,688
12 years$4,612$4,080$3,602$3,174$2,793$2,284
13 years$4,213$3,687$3,218$2,802$2,436$1,953
14 years$3,872$3,351$2,891$2,488$2,135$1,678
15 years$3,577$3,061$2,611$2,219$1,880$1,447
16 years$3,318$2,809$2,367$1,986$1,661$1,252
17 years$3,091$2,587$2,154$1,785$1,473$1,087
18 years$2,889$2,390$1,966$1,608$1,310$945
19 years$2,708$2,215$1,800$1,453$1,167$824
20 years$2,546$2,059$1,652$1,316$1,043$720
21 years$2,399$1,917$1,519$1,195$933$630
22 years$2,266$1,790$1,400$1,086$836$552
23 years$2,144$1,674$1,293$989$751$484
24 years$2,033$1,568$1,196$902$675$425
25 years$1,931$1,472$1,108$824$607$373
26 years$1,837$1,383$1,027$753$547$328
27 years$1,750$1,302$954$690$493$289
28 years$1,669$1,227$887$632$445$254
29 years$1,594$1,157$825$579$402$224
30 years$1,525$1,093$769$532$363$197
31 years$1,459$1,033$717$488$328$174
32 years$1,399$978$669$449$297$153
33 years$1,341$926$624$413$269$135
34 years$1,288$878$583$380$243$119
35 years$1,237$832$545$350$220$105
36 years$1,190$790$510$322$200$93
37 years$1,145$750$477$297$181$82
38 years$1,102$713$447$273$164$72
39 years$1,062$678$419$252$149$64
40 years$1,024$645$393$233$135$57
41 years$988$614$368$215$122$50
42 years$954$585$345$198$111$44
43 years$921$557$324$183$101$39
44 years$890$531$304$169$92$34
45 years$860$506$286$156$83$30
46 years$832$483$268$144$75$27
47 years$805$461$252$133$68$24
48 years$779$440$237$123$62$21
49 years$755$420$223$114$56$19
50 years$731$402$209$105$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $749,000, adding $4,551 every year, while hoping to spend $37,139 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: 41/46/13 Blend
64$749,000$749,000$749,000$749,000
65$830,092$790,395$778,786$860,761
66$875,246$789,609$765,360$882,017
67$923,761$787,540$750,239$900,992
68$975,940$784,085$733,327$920,717
69$1,032,117$779,136$714,525$941,276
70$1,092,659$772,579$693,727$962,765
71$1,157,966$764,291$670,823$985,293
72$1,228,481$754,144$645,698$1,008,980
73$1,304,689$742,001$618,232$1,033,966
74$1,387,124$727,715$588,299$1,060,403
75$1,476,372$711,135$555,769$1,088,465
76$1,573,078$692,096$520,503$1,118,347
77$1,677,950$670,427$482,358$1,150,266
78$1,791,769$645,946$441,185$1,184,467
79$1,915,391$618,459$396,826$1,221,223
80$2,049,760$587,762$349,119$1,260,839
81$2,195,913$553,640$297,892$1,303,658
82$2,354,991$515,864$242,966$1,350,061
83$2,528,251$474,192$184,157$1,400,474
84$2,717,074$428,369$121,268$1,455,372
85$2,922,982$378,126$54,097$1,515,286
86$3,147,649$323,176$0$1,580,805
87$3,392,918$263,220$0$1,655,027
88$3,660,816$197,939$0$1,744,412
89$3,953,577$126,996$0$1,842,292
90$4,273,660$50,036$0$1,949,610
91$4,623,771$0$0$2,067,405
92$5,006,890$0$0$2,213,696
93$5,426,300$0$0$2,401,666
94$5,885,614$0$0$2,607,617
95$6,388,811$0$0$2,833,345
96$6,940,275$0$0$3,080,830
97$7,544,832$0$0$3,352,251
98$8,207,798$0$0$3,650,008
99$8,935,029$0$0$3,976,744
100$9,732,974$0$0$4,335,373