Can I retire at age 65 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$57,888$57,372$56,869$56,378$55,899$54,614
2 years$28,657$28,124$27,606$27,105$26,618$25,331
3 years$18,915$18,379$17,863$17,366$16,888$15,638
4 years$14,045$13,511$13,000$12,511$12,045$10,842
5 years$11,124$10,592$10,088$9,610$9,156$8,004
6 years$9,177$8,650$8,153$7,685$7,245$6,145
7 years$7,787$7,264$6,775$6,318$5,892$4,844
8 years$6,745$6,226$5,746$5,300$4,888$3,892
9 years$5,934$5,421$4,949$4,515$4,116$3,171
10 years$5,287$4,779$4,315$3,892$3,507$2,612
11 years$4,757$4,254$3,798$3,387$3,016$2,170
12 years$4,316$3,818$3,371$2,971$2,614$1,815
13 years$3,943$3,451$3,012$2,623$2,279$1,526
14 years$3,624$3,136$2,706$2,328$1,998$1,289
15 years$3,347$2,865$2,443$2,076$1,759$1,093
16 years$3,106$2,629$2,215$1,859$1,555$929
17 years$2,893$2,421$2,016$1,670$1,379$792
18 years$2,703$2,237$1,840$1,505$1,226$677
19 years$2,534$2,073$1,685$1,360$1,093$579
20 years$2,382$1,927$1,546$1,232$976$496
21 years$2,245$1,795$1,422$1,118$873$426
22 years$2,121$1,675$1,311$1,017$783$366
23 years$2,007$1,567$1,210$926$703$315
24 years$1,903$1,468$1,119$844$632$271
25 years$1,807$1,378$1,037$771$568$233
26 years$1,719$1,295$961$705$512$201
27 years$1,638$1,219$893$645$462$174
28 years$1,562$1,148$830$591$417$150
29 years$1,492$1,083$772$542$376$129
30 years$1,427$1,023$719$498$340$112
31 years$1,366$967$671$457$307$96
32 years$1,309$915$626$420$278$83
33 years$1,255$867$584$386$252$72
34 years$1,205$821$546$355$228$62
35 years$1,158$779$510$327$206$54
36 years$1,113$739$477$301$187$46
37 years$1,071$702$447$278$169$40
38 years$1,032$667$418$256$154$35
39 years$994$635$392$236$139$30
40 years$958$604$367$218$126$26
41 years$925$575$345$201$115$22
42 years$892$547$323$185$104$19
43 years$862$522$303$171$94$17
44 years$833$497$285$158$86$14
45 years$805$474$267$146$78$13
46 years$779$452$251$135$71$11
47 years$754$432$236$124$64$9
48 years$729$412$222$115$58$8
49 years$706$393$208$106$53$7
50 years$684$376$196$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $701,000, adding $4,797 every year, while hoping to spend $29,478 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: 55/36/9 Blend
64$701,000$701,000$701,000$701,000
65$777,450$740,297$729,432$818,247
66$825,386$745,207$722,503$851,297
67$877,223$749,370$714,355$883,606
68$933,328$752,718$704,914$918,075
69$994,105$755,178$694,106$954,917
70$1,059,996$756,675$681,852$994,362
71$1,131,491$757,127$668,068$1,036,669
72$1,209,124$756,447$652,670$1,082,122
73$1,293,485$754,544$635,565$1,131,035
74$1,385,224$751,320$616,660$1,183,756
75$1,485,054$746,671$595,855$1,240,670
76$1,593,760$740,489$573,047$1,302,201
77$1,712,208$732,657$548,128$1,368,820
78$1,841,347$723,051$520,984$1,441,046
79$1,982,225$711,542$491,498$1,519,453
80$2,135,994$697,989$459,545$1,604,676
81$2,303,922$682,248$424,997$1,697,416
82$2,487,406$664,162$387,718$1,798,449
83$2,687,983$643,566$347,568$1,908,630
84$2,907,344$620,288$304,398$2,028,908
85$3,147,354$594,143$258,056$2,160,326
86$3,410,063$564,936$208,380$2,304,041
87$3,697,732$532,460$155,204$2,461,327
88$4,012,848$496,498$98,350$2,633,596
89$4,358,152$456,819$37,638$2,822,403
90$4,736,660$413,180$0$3,029,467
91$5,151,696$365,322$0$3,259,296
92$5,606,920$312,975$0$3,515,404
93$6,106,365$255,849$0$3,796,509
94$6,654,471$193,642$0$4,105,186
95$7,256,128$126,032$0$4,444,281
96$7,916,727$52,681$0$4,816,929
97$8,642,201$0$0$5,226,595
98$9,439,090$0$0$5,687,702
99$10,314,595$0$0$6,217,296
100$11,276,653$0$0$6,799,317