Can I retire at age 65 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$62,182$61,628$61,088$60,560$60,045$58,929
2 years$30,783$30,210$29,654$29,116$28,593$27,473
3 years$20,318$19,742$19,188$18,655$18,141$17,051
4 years$15,087$14,513$13,964$13,440$12,938$11,888
5 years$11,949$11,378$10,837$10,323$9,835$8,827
6 years$9,857$9,291$8,758$8,255$7,782$6,817
7 years$8,364$7,803$7,278$6,787$6,329$5,408
8 years$7,245$6,688$6,172$5,694$5,251$4,372
9 years$6,375$5,823$5,316$4,850$4,422$3,586
10 years$5,679$5,133$4,635$4,180$3,768$2,974
11 years$5,110$4,570$4,080$3,638$3,240$2,488
12 years$4,636$4,101$3,621$3,191$2,808$2,095
13 years$4,236$3,707$3,235$2,817$2,449$1,775
14 years$3,893$3,369$2,907$2,501$2,146$1,510
15 years$3,596$3,078$2,624$2,230$1,890$1,290
16 years$3,336$2,824$2,379$1,997$1,670$1,106
17 years$3,107$2,601$2,165$1,794$1,481$950
18 years$2,904$2,403$1,977$1,617$1,317$818
19 years$2,722$2,227$1,809$1,461$1,174$706
20 years$2,559$2,070$1,661$1,323$1,048$610
21 years$2,412$1,928$1,527$1,201$938$528
22 years$2,278$1,799$1,408$1,092$841$458
23 years$2,156$1,683$1,300$995$755$397
24 years$2,044$1,577$1,202$907$678$345
25 years$1,941$1,480$1,113$828$611$300
26 years$1,847$1,391$1,033$757$550$260
27 years$1,759$1,309$959$693$496$227
28 years$1,678$1,233$891$635$447$197
29 years$1,603$1,164$830$583$404$172
30 years$1,533$1,099$773$535$365$150
31 years$1,467$1,039$720$491$330$130
32 years$1,406$983$672$451$299$114
33 years$1,349$931$628$415$270$99
34 years$1,295$882$586$382$245$86
35 years$1,244$837$548$351$222$75
36 years$1,196$794$513$324$201$66
37 years$1,151$754$480$298$182$57
38 years$1,108$717$449$275$165$50
39 years$1,068$682$421$253$150$44
40 years$1,029$649$395$234$136$38
41 years$993$617$370$216$123$33
42 years$959$588$347$199$112$29
43 years$926$560$326$184$101$25
44 years$895$534$306$170$92$22
45 years$865$509$287$157$84$19
46 years$837$486$270$145$76$17
47 years$809$464$253$134$69$15
48 years$784$443$238$124$63$13
49 years$759$423$224$114$57$11
50 years$735$404$210$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $753,000, adding $5,188 every year, while hoping to spend $39,187 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: 45/43/12 Blend
64$753,000$753,000$753,000$753,000
65$835,157$795,248$783,577$869,667
66$878,649$792,521$768,132$891,428
67$925,263$788,346$750,856$910,612
68$975,277$782,613$731,647$930,541
69$1,028,995$775,200$710,397$951,300
70$1,086,751$765,984$686,994$972,984
71$1,148,911$754,828$661,320$995,699
72$1,215,878$741,593$633,252$1,019,565
73$1,288,093$726,126$602,661$1,044,719
74$1,366,042$708,271$569,415$1,071,312
75$1,450,259$687,856$533,371$1,099,517
76$1,541,330$664,706$494,383$1,129,524
77$1,639,899$638,630$452,298$1,161,550
78$1,746,675$609,429$406,956$1,195,837
79$1,862,437$576,892$358,190$1,232,653
80$1,988,040$540,794$305,824$1,272,303
81$2,124,428$500,901$249,677$1,315,123
82$2,272,636$456,961$189,557$1,361,492
83$2,433,803$408,711$125,267$1,411,831
84$2,609,185$355,872$56,597$1,466,610
85$2,800,160$298,148$0$1,526,353
86$3,008,248$235,228$0$1,593,783
87$3,235,118$166,783$0$1,675,285
88$3,482,609$92,465$0$1,764,359
89$3,752,746$11,906$0$1,861,845
90$4,047,757$0$0$1,968,672
91$4,370,095$0$0$2,121,492
92$4,722,458$0$0$2,294,791
93$5,107,822$0$0$2,484,410
94$5,529,458$0$0$2,691,970
95$5,990,971$0$0$2,919,257
96$6,496,330$0$0$3,168,237
97$7,049,906$0$0$3,441,076
98$7,656,511$0$0$3,740,160
99$8,321,446$0$0$4,068,115
100$9,050,550$0$0$4,427,835