Can I retire at age 65 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,265$61,710$61,169$60,641$60,125$59,547
2 years$30,824$30,250$29,694$29,154$28,631$28,048
3 years$20,345$19,769$19,214$18,679$18,165$17,596
4 years$15,107$14,532$13,983$13,457$12,955$12,405
5 years$11,965$11,393$10,851$10,337$9,848$9,318
6 years$9,871$9,304$8,769$8,266$7,793$7,282
7 years$8,375$7,813$7,287$6,796$6,338$5,848
8 years$7,254$6,697$6,180$5,701$5,258$4,789
9 years$6,383$5,831$5,323$4,856$4,428$3,979
10 years$5,686$5,140$4,641$4,186$3,773$3,344
11 years$5,117$4,576$4,086$3,643$3,245$2,836
12 years$4,642$4,107$3,626$3,195$2,812$2,423
13 years$4,241$3,711$3,240$2,821$2,452$2,082
14 years$3,898$3,374$2,911$2,504$2,149$1,798
15 years$3,600$3,082$2,628$2,233$1,892$1,559
16 years$3,341$2,828$2,383$2,000$1,672$1,357
17 years$3,111$2,604$2,168$1,797$1,483$1,184
18 years$2,908$2,406$1,979$1,619$1,319$1,036
19 years$2,726$2,230$1,812$1,463$1,175$909
20 years$2,563$2,072$1,663$1,325$1,050$798
21 years$2,415$1,930$1,530$1,203$939$702
22 years$2,281$1,802$1,410$1,093$842$619
23 years$2,159$1,685$1,302$996$756$546
24 years$2,047$1,579$1,204$908$679$482
25 years$1,944$1,482$1,115$829$611$426
26 years$1,849$1,393$1,034$758$551$377
27 years$1,762$1,311$960$694$496$334
28 years$1,681$1,235$893$636$448$296
29 years$1,605$1,165$831$583$405$262
30 years$1,535$1,100$774$535$366$233
31 years$1,469$1,040$721$492$330$207
32 years$1,408$984$673$452$299$183
33 years$1,350$932$628$415$271$163
34 years$1,296$883$587$382$245$145
35 years$1,245$838$549$352$222$129
36 years$1,198$795$514$324$201$114
37 years$1,152$755$481$299$182$102
38 years$1,110$718$450$275$165$90
39 years$1,069$683$422$254$150$80
40 years$1,031$649$395$234$136$71
41 years$994$618$371$216$123$64
42 years$960$589$348$199$112$57
43 years$927$561$326$184$101$50
44 years$896$535$306$170$92$45
45 years$866$510$288$157$84$40
46 years$838$486$270$145$76$35
47 years$811$464$254$134$69$32
48 years$785$443$238$124$63$28
49 years$760$423$224$114$57$25
50 years$736$404$211$106$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $754,000, adding $4,091 every year, while hoping to spend $35,084 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: 25/45/30 Blend
64$754,000$754,000$754,000$754,000
65$835,128$795,166$783,479$848,110
66$882,982$796,800$772,396$861,023
67$934,541$797,338$759,767$871,633
68$990,146$796,690$745,501$882,293
69$1,050,172$794,759$729,506$893,031
70$1,115,030$791,442$711,685$903,883
71$1,185,173$786,632$691,936$914,890
72$1,261,096$780,213$670,152$926,102
73$1,343,348$772,064$646,222$937,578
74$1,432,529$762,054$620,029$949,385
75$1,529,298$750,046$591,452$961,603
76$1,634,384$735,896$560,363$974,325
77$1,748,585$719,449$526,629$987,657
78$1,872,781$700,542$490,111$1,001,721
79$2,007,939$679,002$450,664$1,016,656
80$2,155,123$654,648$408,136$1,032,624
81$2,315,504$627,284$362,367$1,049,807
82$2,490,372$596,708$313,193$1,068,411
83$2,681,146$562,702$260,440$1,088,671
84$2,889,385$525,037$203,928$1,110,855
85$3,116,811$483,472$143,468$1,135,263
86$3,365,314$437,751$78,862$1,162,234
87$3,636,978$387,602$9,906$1,192,151
88$3,934,096$332,742$0$1,225,444
89$4,259,194$272,866$0$1,282,983
90$4,615,052$207,657$0$1,349,634
91$5,004,733$136,778$0$1,422,907
92$5,431,608$59,872$0$1,503,564
93$5,899,390$0$0$1,592,447
94$6,412,170$0$0$1,702,103
95$6,974,451$0$0$1,854,981
96$7,591,194$0$0$2,022,799
97$8,267,863$0$0$2,207,062
98$9,010,477$0$0$2,409,424
99$9,825,666$0$0$2,631,710
100$10,720,732$0$0$2,875,930