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%13.6%
1 years$62,182$61,628$61,088$60,560$60,045$59,148
2 years$30,783$30,210$29,654$29,116$28,593$27,691
3 years$20,318$19,742$19,188$18,655$18,141$17,262
4 years$15,087$14,513$13,964$13,440$12,938$12,090
5 years$11,949$11,378$10,837$10,323$9,835$9,019
6 years$9,857$9,291$8,758$8,255$7,782$7,000
7 years$8,364$7,803$7,278$6,787$6,329$5,581
8 years$7,245$6,688$6,172$5,694$5,251$4,536
9 years$6,375$5,823$5,316$4,850$4,422$3,740
10 years$5,679$5,133$4,635$4,180$3,768$3,119
11 years$5,110$4,570$4,080$3,638$3,240$2,624
12 years$4,636$4,101$3,621$3,191$2,808$2,223
13 years$4,236$3,707$3,235$2,817$2,449$1,894
14 years$3,893$3,369$2,907$2,501$2,146$1,622
15 years$3,596$3,078$2,624$2,230$1,890$1,394
16 years$3,336$2,824$2,379$1,997$1,670$1,202
17 years$3,107$2,601$2,165$1,794$1,481$1,040
18 years$2,904$2,403$1,977$1,617$1,317$901
19 years$2,722$2,227$1,809$1,461$1,174$783
20 years$2,559$2,070$1,661$1,323$1,048$681
21 years$2,412$1,928$1,527$1,201$938$594
22 years$2,278$1,799$1,408$1,092$841$518
23 years$2,156$1,683$1,300$995$755$452
24 years$2,044$1,577$1,202$907$678$396
25 years$1,941$1,480$1,113$828$611$346
26 years$1,847$1,391$1,033$757$550$303
27 years$1,759$1,309$959$693$496$266
28 years$1,678$1,233$891$635$447$233
29 years$1,603$1,164$830$583$404$204
30 years$1,533$1,099$773$535$365$179
31 years$1,467$1,039$720$491$330$157
32 years$1,406$983$672$451$299$138
33 years$1,349$931$628$415$270$121
34 years$1,295$882$586$382$245$107
35 years$1,244$837$548$351$222$94
36 years$1,196$794$513$324$201$82
37 years$1,151$754$480$298$182$73
38 years$1,108$717$449$275$165$64
39 years$1,068$682$421$253$150$56
40 years$1,029$649$395$234$136$49
41 years$993$617$370$216$123$43
42 years$959$588$347$199$112$38
43 years$926$560$326$184$101$34
44 years$895$534$306$170$92$30
45 years$865$509$287$157$84$26
46 years$837$486$270$145$76$23
47 years$809$464$253$134$69$20
48 years$784$443$238$124$63$18
49 years$759$423$224$114$57$16
50 years$735$404$210$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $753,000, adding $6,073 every year, while hoping to spend $38,395 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: 55/37/8 Blend
64$753,000$753,000$753,000$753,000
65$836,070$796,161$784,490$880,136
66$880,497$794,321$769,918$908,768
67$928,169$791,104$753,572$935,161
68$979,376$786,402$735,350$962,968
69$1,034,438$780,100$715,149$992,330
70$1,093,702$772,078$692,859$1,023,402
71$1,157,556$762,205$668,365$1,056,358
72$1,226,419$750,346$641,548$1,091,392
73$1,300,757$736,355$612,283$1,128,718
74$1,381,078$720,081$580,438$1,168,574
75$1,467,942$701,360$545,878$1,211,225
76$1,561,966$680,020$508,458$1,256,967
77$1,663,825$655,879$468,030$1,306,127
78$1,774,264$628,746$424,438$1,359,068
79$1,894,101$598,417$377,518$1,416,193
80$2,024,235$564,675$327,101$1,477,951
81$2,165,657$527,293$273,008$1,544,838
82$2,319,454$486,031$215,054$1,617,406
83$2,486,825$440,633$153,045$1,696,264
84$2,669,087$390,831$86,779$1,782,093
85$2,867,692$336,339$16,043$1,875,641
86$3,084,234$276,857$0$1,977,743
87$3,320,471$212,068$0$2,094,395
88$3,578,336$141,636$0$2,223,336
89$3,859,957$65,207$0$2,364,347
90$4,167,677$0$0$2,518,704
91$4,504,076$0$0$2,694,980
92$4,871,993$0$0$2,916,874
93$5,274,556$0$0$3,159,732
94$5,715,207$0$0$3,425,640
95$6,197,738$0$0$3,716,894
96$6,726,324$0$0$4,036,024
97$7,305,563$0$0$4,385,815
98$7,940,518$0$0$4,769,336
99$8,636,768$0$0$5,189,965
100$9,400,453$0$0$5,651,424