Can I retire at age 65 with 753,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$62,182$61,628$61,088$60,560$60,045$59,567
2 years$30,783$30,210$29,654$29,116$28,593$28,111
3 years$20,318$19,742$19,188$18,655$18,141$17,670
4 years$15,087$14,513$13,964$13,440$12,938$12,482
5 years$11,949$11,378$10,837$10,323$9,835$9,395
6 years$9,857$9,291$8,758$8,255$7,782$7,359
7 years$8,364$7,803$7,278$6,787$6,329$5,922
8 years$7,245$6,688$6,172$5,694$5,251$4,861
9 years$6,375$5,823$5,316$4,850$4,422$4,049
10 years$5,679$5,133$4,635$4,180$3,768$3,411
11 years$5,110$4,570$4,080$3,638$3,240$2,900
12 years$4,636$4,101$3,621$3,191$2,808$2,483
13 years$4,236$3,707$3,235$2,817$2,449$2,140
14 years$3,893$3,369$2,907$2,501$2,146$1,853
15 years$3,596$3,078$2,624$2,230$1,890$1,611
16 years$3,336$2,824$2,379$1,997$1,670$1,405
17 years$3,107$2,601$2,165$1,794$1,481$1,230
18 years$2,904$2,403$1,977$1,617$1,317$1,079
19 years$2,722$2,227$1,809$1,461$1,174$949
20 years$2,559$2,070$1,661$1,323$1,048$836
21 years$2,412$1,928$1,527$1,201$938$738
22 years$2,278$1,799$1,408$1,092$841$652
23 years$2,156$1,683$1,300$995$755$577
24 years$2,044$1,577$1,202$907$678$512
25 years$1,941$1,480$1,113$828$611$454
26 years$1,847$1,391$1,033$757$550$403
27 years$1,759$1,309$959$693$496$358
28 years$1,678$1,233$891$635$447$318
29 years$1,603$1,164$830$583$404$283
30 years$1,533$1,099$773$535$365$252
31 years$1,467$1,039$720$491$330$224
32 years$1,406$983$672$451$299$200
33 years$1,349$931$628$415$270$178
34 years$1,295$882$586$382$245$158
35 years$1,244$837$548$351$222$141
36 years$1,196$794$513$324$201$126
37 years$1,151$754$480$298$182$112
38 years$1,108$717$449$275$165$100
39 years$1,068$682$421$253$150$89
40 years$1,029$649$395$234$136$80
41 years$993$617$370$216$123$71
42 years$959$588$347$199$112$64
43 years$926$560$326$184$101$57
44 years$895$534$306$170$92$51
45 years$865$509$287$157$84$45
46 years$837$486$270$145$76$40
47 years$809$464$253$134$69$36
48 years$784$443$238$124$63$32
49 years$759$423$224$114$57$29
50 years$735$404$210$106$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $753,000, adding $4,821 every year, while hoping to spend $36,585 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: 51/43/6 Blend
64$753,000$753,000$753,000$753,000
65$834,779$794,870$783,198$875,897
66$881,000$794,892$770,509$904,394
67$930,710$793,690$756,169$930,993
68$984,225$791,163$740,084$959,027
69$1,041,894$787,209$722,155$988,641
70$1,104,100$781,714$702,279$1,019,992
71$1,171,263$774,563$680,350$1,053,257
72$1,243,844$765,629$656,254$1,088,633
73$1,322,352$754,780$629,874$1,126,337
74$1,407,343$741,876$601,087$1,166,613
75$1,499,433$726,769$569,764$1,209,731
76$1,599,295$709,300$535,771$1,255,989
77$1,707,671$689,304$498,967$1,305,722
78$1,825,376$666,602$459,205$1,359,299
79$1,953,308$641,010$416,333$1,417,130
80$2,092,454$612,328$370,188$1,479,672
81$2,243,901$580,348$320,606$1,547,431
82$2,408,842$544,849$267,409$1,620,966
83$2,588,593$505,596$210,417$1,700,901
84$2,784,602$462,342$149,438$1,787,926
85$2,998,460$414,826$84,273$1,882,806
86$3,231,922$362,771$14,715$1,986,388
87$3,486,917$305,886$0$2,099,613
88$3,765,569$243,861$0$2,227,332
89$4,070,218$176,371$0$2,368,140
90$4,403,439$103,072$0$2,522,386
91$4,768,068$23,600$0$2,691,501
92$5,167,225$0$0$2,877,066
93$5,604,351$0$0$3,110,369
94$6,083,231$0$0$3,378,269
95$6,608,034$0$0$3,671,939
96$7,183,353$0$0$3,993,960
97$7,814,246$0$0$4,347,172
98$8,506,283$0$0$4,734,706
99$9,265,599$0$0$5,160,008
100$10,098,954$0$0$5,626,876