Can I retire at age 65 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$62,017$61,464$60,926$60,399$59,886$58,391
2 years$30,701$30,130$29,575$29,038$28,517$27,020
3 years$20,264$19,690$19,137$18,605$18,092$16,641
4 years$15,047$14,474$13,927$13,404$12,904$11,508
5 years$11,917$11,348$10,808$10,295$9,809$8,474
6 years$9,831$9,266$8,734$8,233$7,762$6,488
7 years$8,342$7,782$7,258$6,769$6,312$5,100
8 years$7,226$6,671$6,156$5,678$5,237$4,085
9 years$6,358$5,808$5,302$4,837$4,410$3,319
10 years$5,664$5,119$4,622$4,169$3,758$2,725
11 years$5,096$4,558$4,069$3,629$3,232$2,257
12 years$4,624$4,091$3,611$3,183$2,800$1,881
13 years$4,224$3,697$3,227$2,810$2,442$1,576
14 years$3,882$3,360$2,899$2,494$2,141$1,327
15 years$3,586$3,070$2,618$2,224$1,885$1,121
16 years$3,327$2,816$2,373$1,992$1,666$950
17 years$3,099$2,594$2,159$1,790$1,477$807
18 years$2,896$2,397$1,971$1,613$1,313$687
19 years$2,715$2,221$1,805$1,457$1,171$586
20 years$2,552$2,064$1,656$1,320$1,046$500
21 years$2,405$1,923$1,523$1,198$936$428
22 years$2,272$1,795$1,404$1,089$839$366
23 years$2,150$1,679$1,296$992$753$314
24 years$2,039$1,573$1,199$905$677$269
25 years$1,936$1,476$1,110$826$609$231
26 years$1,842$1,387$1,030$755$548$198
27 years$1,755$1,305$956$691$495$170
28 years$1,674$1,230$889$634$446$146
29 years$1,599$1,160$827$581$403$126
30 years$1,529$1,096$771$533$364$108
31 years$1,463$1,036$718$490$329$93
32 years$1,402$980$670$450$298$80
33 years$1,345$928$626$414$269$69
34 years$1,291$880$585$381$244$59
35 years$1,240$835$547$351$221$51
36 years$1,193$792$511$323$200$44
37 years$1,148$752$479$297$181$38
38 years$1,105$715$448$274$165$32
39 years$1,065$680$420$253$149$28
40 years$1,027$647$394$233$135$24
41 years$991$616$369$215$123$21
42 years$956$586$346$199$111$18
43 years$923$559$325$183$101$15
44 years$892$533$305$169$92$13
45 years$863$508$286$156$83$11
46 years$834$484$269$144$76$10
47 years$807$462$253$133$69$8
48 years$782$441$237$123$62$7
49 years$757$421$223$114$57$6
50 years$733$403$210$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $751,000, adding $4,688 every year, while hoping to spend $22,718 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: 80/9/11 Blend
64$751,000$751,000$751,000$751,000
65$832,438$792,635$780,994$897,063
66$893,175$807,302$782,986$954,822
67$959,345$821,927$784,283$1,014,754
68$1,031,480$836,482$784,837$1,079,856
69$1,110,162$850,941$784,601$1,150,633
70$1,196,034$865,273$783,521$1,227,643
71$1,289,803$879,445$781,542$1,311,500
72$1,392,248$893,422$778,608$1,402,881
73$1,504,224$907,168$774,659$1,502,531
74$1,626,677$920,640$769,631$1,611,270
75$1,760,643$933,797$763,460$1,730,003
76$1,907,268$946,592$756,075$1,859,726
77$2,067,810$958,976$747,404$2,001,536
78$2,243,656$970,895$737,371$2,156,643
79$2,436,334$982,294$725,898$2,326,379
80$2,647,526$993,112$712,901$2,512,211
81$2,879,083$1,003,285$698,294$2,715,758
82$3,133,047$1,012,743$681,984$2,938,800
83$3,411,665$1,021,415$663,878$3,183,302
84$3,717,412$1,029,221$643,875$3,451,427
85$4,053,014$1,036,079$621,871$3,745,559
86$4,421,476$1,041,901$597,757$4,068,326
87$4,826,104$1,046,592$571,420$4,422,622
88$5,270,544$1,050,052$542,740$4,811,638
89$5,758,811$1,052,176$511,593$5,238,889
90$6,295,327$1,052,850$477,849$5,708,248
91$6,884,965$1,051,954$441,371$6,223,985
92$7,533,092$1,049,361$402,018$6,790,804
93$8,245,624$1,044,936$359,642$7,413,889
94$9,029,074$1,038,534$314,087$8,098,953
95$9,890,622$1,030,005$265,191$8,852,293
96$10,838,176$1,019,186$212,785$9,680,845
97$11,880,450$1,005,906$156,693$10,592,256
98$13,027,044$989,983$96,731$11,594,953
99$14,288,537$971,227$32,706$12,698,219
100$15,676,583$949,433$0$13,912,290