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%17.3%
1 years$62,182$61,628$61,088$60,560$60,045$58,263
2 years$30,783$30,210$29,654$29,116$28,593$26,812
3 years$20,318$19,742$19,188$18,655$18,141$16,417
4 years$15,087$14,513$13,964$13,440$12,938$11,285
5 years$11,949$11,378$10,837$10,323$9,835$8,257
6 years$9,857$9,291$8,758$8,255$7,782$6,281
7 years$8,364$7,803$7,278$6,787$6,329$4,904
8 years$7,245$6,688$6,172$5,694$5,251$3,901
9 years$6,375$5,823$5,316$4,850$4,422$3,146
10 years$5,679$5,133$4,635$4,180$3,768$2,564
11 years$5,110$4,570$4,080$3,638$3,240$2,107
12 years$4,636$4,101$3,621$3,191$2,808$1,742
13 years$4,236$3,707$3,235$2,817$2,449$1,448
14 years$3,893$3,369$2,907$2,501$2,146$1,209
15 years$3,596$3,078$2,624$2,230$1,890$1,013
16 years$3,336$2,824$2,379$1,997$1,670$851
17 years$3,107$2,601$2,165$1,794$1,481$716
18 years$2,904$2,403$1,977$1,617$1,317$604
19 years$2,722$2,227$1,809$1,461$1,174$511
20 years$2,559$2,070$1,661$1,323$1,048$432
21 years$2,412$1,928$1,527$1,201$938$366
22 years$2,278$1,799$1,408$1,092$841$310
23 years$2,156$1,683$1,300$995$755$264
24 years$2,044$1,577$1,202$907$678$224
25 years$1,941$1,480$1,113$828$611$190
26 years$1,847$1,391$1,033$757$550$162
27 years$1,759$1,309$959$693$496$137
28 years$1,678$1,233$891$635$447$117
29 years$1,603$1,164$830$583$404$100
30 years$1,533$1,099$773$535$365$85
31 years$1,467$1,039$720$491$330$72
32 years$1,406$983$672$451$299$61
33 years$1,349$931$628$415$270$52
34 years$1,295$882$586$382$245$45
35 years$1,244$837$548$351$222$38
36 years$1,196$794$513$324$201$32
37 years$1,151$754$480$298$182$28
38 years$1,108$717$449$275$165$24
39 years$1,068$682$421$253$150$20
40 years$1,029$649$395$234$136$17
41 years$993$617$370$216$123$15
42 years$959$588$347$199$112$12
43 years$926$560$326$184$101$11
44 years$895$534$306$170$92$9
45 years$865$509$287$157$84$8
46 years$837$486$270$145$76$7
47 years$809$464$253$134$69$6
48 years$784$443$238$124$63$5
49 years$759$423$224$114$57$4
50 years$735$404$210$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $753,000, adding $4,724 every year, while hoping to spend $36,693 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: 23/49/28 Blend
64$753,000$753,000$753,000$753,000
65$834,679$794,770$783,098$846,413
66$880,775$794,672$770,291$856,837
67$930,343$793,341$755,825$864,600
68$983,699$790,675$739,606$872,132
69$1,041,188$786,570$721,535$879,438
70$1,103,192$780,914$701,508$886,528
71$1,170,128$773,589$679,419$893,415
72$1,242,455$764,469$655,154$900,119
73$1,320,678$753,421$628,594$906,665
74$1,405,352$740,304$599,617$913,086
75$1,497,086$724,967$568,093$919,421
76$1,596,552$707,253$533,887$925,720
77$1,704,486$686,995$496,858$932,044
78$1,821,700$664,014$456,859$938,464
79$1,949,085$638,122$413,736$945,065
80$2,087,624$609,122$367,327$951,947
81$2,238,394$576,802$317,466$959,228
82$2,402,585$540,940$263,975$967,042
83$2,581,503$501,301$206,673$975,549
84$2,776,588$457,635$145,368$984,929
85$2,989,422$409,682$79,860$995,390
86$3,221,748$357,161$9,940$1,007,172
87$3,475,485$299,780$0$1,020,547
88$3,752,744$237,229$0$1,055,148
89$4,055,850$169,180$0$1,096,429
90$4,387,363$95,286$0$1,141,889
91$4,750,103$15,183$0$1,192,053
92$5,147,171$0$0$1,247,509
93$5,581,985$0$0$1,347,475
94$6,058,310$0$0$1,466,083
95$6,580,289$0$0$1,596,196
96$7,152,487$0$0$1,738,968
97$7,779,930$0$0$1,895,672
98$8,468,157$0$0$2,067,709
99$9,223,265$0$0$2,256,621
100$10,051,971$0$0$2,464,111