Can I retire at age 65 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$62,430$61,874$61,331$60,802$60,285$58,519
2 years$30,906$30,330$29,772$29,232$28,707$26,942
3 years$20,399$19,821$19,265$18,729$18,213$16,505
4 years$15,147$14,571$14,020$13,493$12,990$11,351
5 years$11,996$11,424$10,880$10,364$9,874$8,310
6 years$9,897$9,328$8,793$8,288$7,813$6,324
7 years$8,398$7,834$7,307$6,814$6,354$4,940
8 years$7,274$6,715$6,197$5,716$5,272$3,932
9 years$6,400$5,847$5,337$4,869$4,439$3,173
10 years$5,701$5,154$4,653$4,197$3,783$2,588
11 years$5,130$4,588$4,096$3,653$3,253$2,128
12 years$4,655$4,118$3,636$3,204$2,819$1,761
13 years$4,253$3,721$3,248$2,829$2,458$1,465
14 years$3,908$3,383$2,918$2,511$2,155$1,224
15 years$3,610$3,090$2,635$2,239$1,897$1,026
16 years$3,349$2,835$2,389$2,005$1,677$862
17 years$3,120$2,611$2,174$1,802$1,487$727
18 years$2,916$2,413$1,984$1,624$1,322$614
19 years$2,733$2,236$1,817$1,467$1,178$519
20 years$2,569$2,078$1,667$1,329$1,053$439
21 years$2,421$1,935$1,534$1,206$942$373
22 years$2,287$1,807$1,413$1,096$844$316
23 years$2,164$1,690$1,305$998$758$268
24 years$2,052$1,583$1,207$911$681$228
25 years$1,949$1,486$1,118$832$613$194
26 years$1,854$1,396$1,037$760$552$165
27 years$1,766$1,314$963$696$498$141
28 years$1,685$1,238$895$638$449$120
29 years$1,609$1,168$833$585$406$102
30 years$1,539$1,103$776$537$366$87
31 years$1,473$1,043$723$493$331$74
32 years$1,412$987$675$453$300$63
33 years$1,354$935$630$417$271$54
34 years$1,300$886$589$383$246$46
35 years$1,249$840$550$353$222$39
36 years$1,201$797$515$325$202$33
37 years$1,155$757$482$299$183$28
38 years$1,113$720$451$276$166$24
39 years$1,072$684$423$254$150$21
40 years$1,034$651$396$235$136$18
41 years$997$620$372$217$124$15
42 years$962$590$349$200$112$13
43 years$930$562$327$184$102$11
44 years$898$536$307$170$92$9
45 years$868$511$288$157$84$8
46 years$840$488$271$145$76$7
47 years$813$465$254$134$69$6
48 years$787$444$239$124$63$5
49 years$762$424$225$115$57$4
50 years$738$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $756,000, adding $5,367 every year, while hoping to spend $35,120 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: 78/14/8 Blend
64$756,000$756,000$756,000$756,000
65$838,648$798,580$786,862$902,712
66$886,823$800,343$775,855$947,293
67$938,734$801,015$763,301$991,080
68$994,726$800,507$749,113$1,038,069
69$1,055,178$798,720$733,197$1,088,563
70$1,120,503$795,555$715,457$1,142,898
71$1,191,159$790,902$695,789$1,201,440
72$1,267,647$784,646$674,088$1,264,596
73$1,350,519$776,666$650,242$1,332,812
74$1,440,382$766,832$624,135$1,406,582
75$1,537,902$755,008$595,645$1,486,449
76$1,643,813$741,049$564,644$1,573,011
77$1,758,922$724,800$531,000$1,666,929
78$1,884,117$706,100$494,573$1,768,931
79$2,020,373$684,775$455,218$1,879,818
80$2,168,767$660,644$412,783$2,000,476
81$2,330,479$633,514$367,109$2,131,878
82$2,506,811$603,180$318,031$2,275,101
83$2,699,196$569,426$265,375$2,431,329
84$2,909,210$532,024$208,961$2,601,869
85$3,138,589$490,732$148,600$2,788,163
86$3,389,242$445,295$84,096$2,991,797
87$3,663,273$395,443$15,241$3,214,524
88$3,962,998$340,891$0$3,458,275
89$4,290,966$281,336$0$3,730,149
90$4,649,984$216,462$0$4,029,235
91$5,043,145$145,930$0$4,356,838
92$5,473,852$69,387$0$4,715,831
93$5,945,854$0$0$5,109,384
94$6,463,282$0$0$5,543,073
95$7,030,682$0$0$6,030,393
96$7,653,064$0$0$6,564,961
97$8,335,944$0$0$7,151,518
98$9,085,399$0$0$7,795,288
99$9,908,123$0$0$8,502,022
100$10,811,489$0$0$9,278,060