Can I retire at age 65 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$62,843$62,283$61,737$61,204$60,683$60,000
2 years$31,110$30,531$29,969$29,425$28,897$28,209
3 years$20,534$19,952$19,392$18,853$18,333$17,662
4 years$15,247$14,667$14,112$13,582$13,075$12,426
5 years$12,076$11,499$10,952$10,433$9,940$9,314
6 years$9,962$9,390$8,851$8,343$7,865$7,264
7 years$8,453$7,886$7,355$6,859$6,396$5,820
8 years$7,322$6,759$6,238$5,754$5,306$4,755
9 years$6,442$5,885$5,372$4,901$4,469$3,942
10 years$5,739$5,188$4,684$4,225$3,808$3,305
11 years$5,164$4,618$4,124$3,677$3,275$2,796
12 years$4,686$4,145$3,660$3,225$2,838$2,382
13 years$4,281$3,746$3,270$2,847$2,475$2,042
14 years$3,934$3,405$2,938$2,528$2,169$1,759
15 years$3,634$3,110$2,652$2,254$1,910$1,521
16 years$3,372$2,854$2,405$2,018$1,688$1,320
17 years$3,140$2,628$2,188$1,813$1,497$1,149
18 years$2,935$2,429$1,998$1,634$1,331$1,002
19 years$2,751$2,251$1,829$1,477$1,186$876
20 years$2,586$2,092$1,678$1,337$1,060$768
21 years$2,437$1,948$1,544$1,214$948$673
22 years$2,302$1,819$1,423$1,104$850$592
23 years$2,179$1,701$1,314$1,005$763$520
24 years$2,066$1,594$1,215$917$686$458
25 years$1,962$1,496$1,125$837$617$404
26 years$1,866$1,406$1,044$765$556$356
27 years$1,778$1,323$969$701$501$314
28 years$1,696$1,246$901$642$452$278
29 years$1,620$1,176$838$589$408$245
30 years$1,549$1,111$781$540$369$217
31 years$1,483$1,050$728$496$334$192
32 years$1,421$993$679$456$302$170
33 years$1,363$941$634$419$273$150
34 years$1,308$892$593$386$247$133
35 years$1,257$846$554$355$224$118
36 years$1,209$803$518$327$203$104
37 years$1,163$762$485$301$184$92
38 years$1,120$724$454$278$167$82
39 years$1,079$689$426$256$151$73
40 years$1,040$655$399$236$137$64
41 years$1,004$624$374$218$124$57
42 years$969$594$351$201$113$51
43 years$936$566$329$186$102$45
44 years$904$540$309$171$93$40
45 years$874$515$290$158$84$35
46 years$845$491$273$146$77$31
47 years$818$468$256$135$70$28
48 years$792$447$241$125$63$25
49 years$767$427$226$115$57$22
50 years$743$408$213$107$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $761,000, adding $4,089 every year, while hoping to spend $58,456 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: 59/23/18 Blend
64$761,000$761,000$761,000$761,000
65$842,840$802,507$790,711$888,388
66$866,613$779,633$755,003$896,829
67$890,851$753,679$716,140$899,248
68$915,541$724,432$673,954$900,553
69$940,665$691,668$628,270$900,646
70$966,201$655,148$578,905$899,422
71$992,124$614,621$525,669$896,766
72$1,018,403$569,820$468,362$892,560
73$1,045,003$520,464$406,774$886,672
74$1,071,882$466,255$340,690$878,964
75$1,098,991$406,879$269,880$869,286
76$1,126,276$342,003$194,109$857,479
77$1,153,672$271,278$113,127$843,369
78$1,181,107$194,330$26,677$826,773
79$1,208,497$110,770$0$807,491
80$1,235,750$20,183$0$797,907
81$1,262,757$0$0$791,482
82$1,289,400$0$0$802,605
83$1,315,542$0$0$818,476
84$1,341,031$0$0$833,887
85$1,365,696$0$0$848,727
86$1,389,345$0$0$862,867
87$1,411,764$0$0$876,169
88$1,432,711$0$0$888,474
89$1,451,919$0$0$899,607
90$1,469,088$0$0$909,371
91$1,483,884$0$0$917,548
92$1,495,934$0$0$923,895
93$1,504,826$0$0$928,141
94$1,510,099$0$0$929,986
95$1,511,240$0$0$929,095
96$1,507,682$0$0$925,097
97$1,498,793$0$0$917,579
98$1,483,874$0$0$906,086
99$1,462,147$0$0$890,111
100$1,432,751$0$0$869,092