Can I retire at age 65 with 771,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$63,668$63,101$62,548$62,008$61,481$61,119
2 years$31,519$30,932$30,363$29,812$29,276$28,911
3 years$20,804$20,214$19,647$19,101$18,574$18,217
4 years$15,447$14,860$14,298$13,761$13,247$12,901
5 years$12,234$11,650$11,096$10,570$10,070$9,736
6 years$10,093$9,513$8,967$8,453$7,968$7,646
7 years$8,564$7,989$7,452$6,949$6,480$6,171
8 years$7,418$6,848$6,320$5,830$5,376$5,079
9 years$6,527$5,963$5,443$4,966$4,527$4,243
10 years$5,815$5,256$4,745$4,280$3,858$3,585
11 years$5,232$4,679$4,178$3,725$3,318$3,057
12 years$4,747$4,200$3,708$3,268$2,875$2,627
13 years$4,337$3,795$3,313$2,885$2,507$2,270
14 years$3,986$3,450$2,976$2,561$2,198$1,972
15 years$3,682$3,151$2,687$2,284$1,935$1,720
16 years$3,416$2,891$2,436$2,045$1,710$1,506
17 years$3,182$2,663$2,217$1,837$1,516$1,323
18 years$2,973$2,461$2,024$1,656$1,348$1,165
19 years$2,788$2,280$1,853$1,496$1,202$1,028
20 years$2,620$2,119$1,700$1,355$1,073$909
21 years$2,469$1,974$1,564$1,230$961$805
22 years$2,332$1,842$1,441$1,118$861$715
23 years$2,207$1,723$1,331$1,018$773$635
24 years$2,093$1,615$1,231$929$695$565
25 years$1,988$1,515$1,140$848$625$503
26 years$1,891$1,424$1,057$776$563$448
27 years$1,801$1,340$982$710$508$399
28 years$1,718$1,263$913$650$458$356
29 years$1,641$1,191$849$596$414$318
30 years$1,569$1,125$791$547$374$284
31 years$1,502$1,064$738$503$338$254
32 years$1,440$1,006$688$462$306$227
33 years$1,381$953$643$425$277$203
34 years$1,325$903$600$391$250$182
35 years$1,274$857$561$360$227$163
36 years$1,225$813$525$331$206$146
37 years$1,178$772$491$305$186$131
38 years$1,135$734$460$281$169$117
39 years$1,093$698$431$260$153$105
40 years$1,054$664$404$239$139$94
41 years$1,017$632$379$221$126$84
42 years$982$602$355$204$114$76
43 years$948$574$334$188$104$68
44 years$916$547$313$174$94$61
45 years$886$521$294$160$86$55
46 years$857$497$276$148$78$49
47 years$829$475$259$137$71$44
48 years$802$453$244$127$64$39
49 years$777$433$229$117$58$35
50 years$753$413$215$108$53$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $771,000, adding $4,757 every year, while hoping to spend $49,840 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: 72/9/19 Blend
64$771,000$771,000$771,000$771,000
65$854,549$813,686$801,735$911,873
66$888,683$800,527$775,564$937,454
67$924,629$785,053$746,846$959,016
68$962,519$767,098$715,442$981,362
69$1,002,495$746,485$681,209$1,004,563
70$1,044,717$723,030$643,996$1,028,695
71$1,089,353$696,534$603,646$1,053,846
72$1,136,592$666,789$559,993$1,080,111
73$1,186,637$633,574$512,865$1,107,599
74$1,239,711$596,657$462,084$1,136,428
75$1,296,059$555,789$407,460$1,166,731
76$1,355,945$510,711$348,798$1,198,659
77$1,419,662$461,147$285,893$1,232,374
78$1,487,528$406,804$218,532$1,268,062
79$1,559,893$347,374$146,490$1,305,926
80$1,637,140$282,533$69,534$1,346,194
81$1,719,686$211,936$0$1,389,118
82$1,807,993$135,219$0$1,437,532
83$1,902,564$52,000$0$1,504,403
84$2,003,950$0$0$1,576,021
85$2,112,759$0$0$1,656,601
86$2,229,655$0$0$1,748,729
87$2,355,368$0$0$1,847,834
88$2,490,700$0$0$1,954,550
89$2,636,531$0$0$2,069,575
90$2,793,828$0$0$2,193,677
91$2,963,653$0$0$2,327,696
92$3,147,173$0$0$2,472,559
93$3,345,670$0$0$2,629,282
94$3,560,555$0$0$2,798,983
95$3,793,378$0$0$2,982,892
96$4,045,843$0$0$3,182,359
97$4,319,823$0$0$3,398,871
98$4,617,380$0$0$3,634,063
99$4,940,782$0$0$3,889,732
100$5,292,522$0$0$4,167,856