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%13.7%
1 years$61,852$61,301$60,763$60,239$59,726$58,810
2 years$30,620$30,049$29,497$28,961$28,441$27,520
3 years$20,210$19,638$19,086$18,556$18,044$17,147
4 years$15,007$14,436$13,890$13,368$12,869$12,003
5 years$11,885$11,318$10,779$10,268$9,783$8,950
6 years$9,805$9,242$8,711$8,211$7,741$6,942
7 years$8,320$7,761$7,239$6,751$6,295$5,532
8 years$7,206$6,653$6,139$5,663$5,223$4,493
9 years$6,341$5,792$5,288$4,824$4,398$3,703
10 years$5,649$5,106$4,610$4,158$3,748$3,086
11 years$5,083$4,545$4,059$3,619$3,223$2,594
12 years$4,612$4,080$3,602$3,174$2,793$2,197
13 years$4,213$3,687$3,218$2,802$2,436$1,870
14 years$3,872$3,351$2,891$2,488$2,135$1,600
15 years$3,577$3,061$2,611$2,219$1,880$1,375
16 years$3,318$2,809$2,367$1,986$1,661$1,185
17 years$3,091$2,587$2,154$1,785$1,473$1,024
18 years$2,889$2,390$1,966$1,608$1,310$887
19 years$2,708$2,215$1,800$1,453$1,167$770
20 years$2,546$2,059$1,652$1,316$1,043$669
21 years$2,399$1,917$1,519$1,195$933$583
22 years$2,266$1,790$1,400$1,086$836$508
23 years$2,144$1,674$1,293$989$751$444
24 years$2,033$1,568$1,196$902$675$388
25 years$1,931$1,472$1,108$824$607$339
26 years$1,837$1,383$1,027$753$547$297
27 years$1,750$1,302$954$690$493$260
28 years$1,669$1,227$887$632$445$227
29 years$1,594$1,157$825$579$402$199
30 years$1,525$1,093$769$532$363$175
31 years$1,459$1,033$717$488$328$153
32 years$1,399$978$669$449$297$135
33 years$1,341$926$624$413$269$118
34 years$1,288$878$583$380$243$104
35 years$1,237$832$545$350$220$91
36 years$1,190$790$510$322$200$80
37 years$1,145$750$477$297$181$70
38 years$1,102$713$447$273$164$62
39 years$1,062$678$419$252$149$54
40 years$1,024$645$393$233$135$48
41 years$988$614$368$215$122$42
42 years$954$585$345$198$111$37
43 years$921$557$324$183$101$32
44 years$890$531$304$169$92$28
45 years$860$506$286$156$83$25
46 years$832$483$268$144$75$22
47 years$805$461$252$133$68$19
48 years$779$440$237$123$62$17
49 years$755$420$223$114$56$15
50 years$731$402$209$105$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $749,000, adding $2,321 every year, while hoping to spend $44,289 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: 56/32/12 Blend
64$749,000$749,000$749,000$749,000
65$827,792$788,095$776,486$871,511
66$865,104$779,589$755,375$892,867
67$904,737$769,181$732,072$911,055
68$946,881$756,732$706,458$929,826
69$991,745$742,094$678,406$949,241
70$1,039,556$725,109$647,786$969,372
71$1,090,563$705,612$614,459$990,301
72$1,145,040$683,426$578,282$1,012,118
73$1,203,285$658,365$539,106$1,034,929
74$1,265,627$630,232$496,773$1,058,849
75$1,332,425$598,818$451,119$1,084,010
76$1,404,074$563,902$401,974$1,110,562
77$1,481,008$525,251$349,158$1,138,670
78$1,563,701$482,618$292,485$1,168,522
79$1,652,674$435,743$231,759$1,200,329
80$1,748,502$384,349$166,778$1,234,326
81$1,851,813$328,146$97,329$1,270,778
82$1,963,298$266,825$23,189$1,309,980
83$2,083,716$200,061$0$1,352,263
84$2,213,901$127,511$0$1,405,159
85$2,354,772$48,811$0$1,465,552
86$2,507,336$0$0$1,530,966
87$2,672,701$0$0$1,614,771
88$2,852,086$0$0$1,724,383
89$3,046,831$0$0$1,843,440
90$3,258,412$0$0$1,972,851
91$3,488,449$0$0$2,113,615
92$3,738,726$0$0$2,266,832
93$4,011,207$0$0$2,433,713
94$4,308,052$0$0$2,615,588
95$4,631,638$0$0$2,813,925
96$4,984,581$0$0$3,030,336
97$5,369,760$0$0$3,266,597
98$5,790,345$0$0$3,524,662
99$6,249,825$0$0$3,806,683
100$6,752,041$0$0$4,115,029