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%14.7%
1 years$62,182$61,628$61,088$60,560$60,045$58,881
2 years$30,783$30,210$29,654$29,116$28,593$27,425
3 years$20,318$19,742$19,188$18,655$18,141$17,005
4 years$15,087$14,513$13,964$13,440$12,938$11,843
5 years$11,949$11,378$10,837$10,323$9,835$8,785
6 years$9,857$9,291$8,758$8,255$7,782$6,778
7 years$8,364$7,803$7,278$6,787$6,329$5,370
8 years$7,245$6,688$6,172$5,694$5,251$4,337
9 years$6,375$5,823$5,316$4,850$4,422$3,553
10 years$5,679$5,133$4,635$4,180$3,768$2,943
11 years$5,110$4,570$4,080$3,638$3,240$2,459
12 years$4,636$4,101$3,621$3,191$2,808$2,068
13 years$4,236$3,707$3,235$2,817$2,449$1,750
14 years$3,893$3,369$2,907$2,501$2,146$1,487
15 years$3,596$3,078$2,624$2,230$1,890$1,268
16 years$3,336$2,824$2,379$1,997$1,670$1,085
17 years$3,107$2,601$2,165$1,794$1,481$931
18 years$2,904$2,403$1,977$1,617$1,317$801
19 years$2,722$2,227$1,809$1,461$1,174$690
20 years$2,559$2,070$1,661$1,323$1,048$596
21 years$2,412$1,928$1,527$1,201$938$515
22 years$2,278$1,799$1,408$1,092$841$445
23 years$2,156$1,683$1,300$995$755$386
24 years$2,044$1,577$1,202$907$678$334
25 years$1,941$1,480$1,113$828$611$290
26 years$1,847$1,391$1,033$757$550$252
27 years$1,759$1,309$959$693$496$219
28 years$1,678$1,233$891$635$447$190
29 years$1,603$1,164$830$583$404$165
30 years$1,533$1,099$773$535$365$144
31 years$1,467$1,039$720$491$330$125
32 years$1,406$983$672$451$299$109
33 years$1,349$931$628$415$270$95
34 years$1,295$882$586$382$245$82
35 years$1,244$837$548$351$222$72
36 years$1,196$794$513$324$201$63
37 years$1,151$754$480$298$182$54
38 years$1,108$717$449$275$165$47
39 years$1,068$682$421$253$150$41
40 years$1,029$649$395$234$136$36
41 years$993$617$370$216$123$31
42 years$959$588$347$199$112$27
43 years$926$560$326$184$101$24
44 years$895$534$306$170$92$21
45 years$865$509$287$157$84$18
46 years$837$486$270$145$76$16
47 years$809$464$253$134$69$14
48 years$784$443$238$124$63$12
49 years$759$423$224$114$57$10
50 years$735$404$210$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $753,000, adding $2,058 every year, while hoping to spend $51,388 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: 26/46/28 Blend
64$753,000$753,000$753,000$753,000
65$831,929$792,020$780,348$846,239
66$862,109$776,152$751,814$842,291
67$893,646$757,785$720,601$833,532
68$926,622$736,741$686,565$823,081
69$961,130$712,834$649,558$810,829
70$997,267$685,865$609,420$796,665
71$1,035,140$655,624$565,987$780,470
72$1,074,865$621,891$519,089$762,120
73$1,116,568$584,430$468,545$741,487
74$1,160,385$542,993$414,167$718,436
75$1,206,463$497,319$355,761$692,826
76$1,254,964$447,130$293,121$664,511
77$1,306,064$392,133$226,035$633,338
78$1,359,954$332,019$154,278$599,147
79$1,416,842$266,460$77,619$561,774
80$1,476,955$195,111$0$521,047
81$1,540,540$117,608$0$478,039
82$1,607,868$33,564$0$456,142
83$1,679,236$0$0$432,031
84$1,754,964$0$0$434,657
85$1,835,407$0$0$455,558
86$1,920,951$0$0$477,853
87$2,012,017$0$0$501,660
88$2,109,068$0$0$527,110
89$2,212,612$0$0$554,346
90$2,323,202$0$0$583,525
91$2,441,446$0$0$614,818
92$2,568,012$0$0$648,413
93$2,703,630$0$0$684,518
94$2,849,102$0$0$723,360
95$3,005,308$0$0$765,187
96$3,173,213$0$0$810,275
97$3,353,877$0$0$858,923
98$3,548,465$0$0$911,462
99$3,758,254$0$0$968,256
100$3,984,648$0$0$1,029,703