Can I retire at age 65 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$58,383$57,863$57,356$56,861$56,377$55,261
2 years$28,903$28,364$27,843$27,337$26,846$25,727
3 years$19,077$18,536$18,016$17,515$17,032$15,944
4 years$14,165$13,626$13,111$12,619$12,148$11,099
5 years$11,219$10,683$10,175$9,692$9,234$8,229
6 years$9,255$8,724$8,223$7,751$7,307$6,345
7 years$7,853$7,326$6,833$6,373$5,942$5,024
8 years$6,802$6,280$5,795$5,346$4,930$4,055
9 years$5,985$5,468$4,991$4,553$4,152$3,320
10 years$5,332$4,819$4,351$3,925$3,537$2,748
11 years$4,798$4,291$3,831$3,416$3,042$2,295
12 years$4,353$3,851$3,400$2,996$2,636$1,929
13 years$3,977$3,480$3,038$2,645$2,299$1,631
14 years$3,655$3,163$2,729$2,348$2,015$1,385
15 years$3,376$2,890$2,464$2,094$1,774$1,181
16 years$3,132$2,651$2,234$1,875$1,568$1,010
17 years$2,917$2,442$2,033$1,685$1,390$866
18 years$2,727$2,256$1,856$1,518$1,236$744
19 years$2,556$2,091$1,699$1,372$1,102$641
20 years$2,403$1,943$1,559$1,243$984$552
21 years$2,264$1,810$1,434$1,128$881$477
22 years$2,139$1,690$1,322$1,025$790$412
23 years$2,024$1,580$1,220$934$709$357
24 years$1,919$1,481$1,129$852$637$309
25 years$1,823$1,389$1,045$778$573$268
26 years$1,734$1,306$970$711$516$232
27 years$1,652$1,229$900$651$466$202
28 years$1,576$1,158$837$596$420$175
29 years$1,505$1,092$779$547$379$152
30 years$1,439$1,032$725$502$343$132
31 years$1,378$975$676$461$310$115
32 years$1,320$923$631$424$280$100
33 years$1,266$874$589$390$254$87
34 years$1,215$828$551$358$230$76
35 years$1,168$786$515$330$208$66
36 years$1,123$746$481$304$188$57
37 years$1,080$708$451$280$171$50
38 years$1,040$673$422$258$155$43
39 years$1,003$640$395$238$140$38
40 years$967$609$371$219$127$33
41 years$932$580$348$203$116$29
42 years$900$552$326$187$105$25
43 years$869$526$306$173$95$22
44 years$840$501$287$159$86$19
45 years$812$478$270$147$78$16
46 years$785$456$253$136$71$14
47 years$760$435$238$126$65$12
48 years$736$415$224$116$59$11
49 years$713$397$210$107$53$9
50 years$690$379$198$99$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $707,000, adding $2,280 every year, while hoping to spend $20,504 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: 55/22/23 Blend
64$707,000$707,000$707,000$707,000
65$781,466$743,995$733,036$819,417
66$839,359$758,634$735,777$860,338
67$902,471$773,304$737,922$902,537
68$971,310$787,984$739,430$948,060
69$1,046,441$802,652$740,258$997,233
70$1,128,480$817,284$740,359$1,050,414
71$1,218,110$831,856$739,686$1,107,999
72$1,316,079$846,339$738,187$1,170,424
73$1,423,213$860,703$735,811$1,238,170
74$1,540,421$874,918$732,501$1,311,767
75$1,668,704$888,949$728,199$1,391,801
76$1,809,163$902,759$722,845$1,478,915
77$1,963,011$916,308$716,374$1,573,821
78$2,131,586$929,555$708,720$1,677,304
79$2,316,358$942,453$699,813$1,790,228
80$2,518,949$954,955$689,579$1,913,548
81$2,741,143$967,009$677,941$2,048,314
82$2,984,906$978,560$664,819$2,195,687
83$3,252,405$989,547$650,128$2,356,946
84$3,546,024$999,909$633,781$2,533,501
85$3,868,391$1,009,577$615,686$2,726,907
86$4,222,401$1,018,481$595,745$2,938,880
87$4,611,242$1,026,542$573,859$3,171,310
88$5,038,427$1,033,681$549,921$3,426,282
89$5,507,825$1,039,810$523,822$3,706,096
90$6,023,700$1,044,837$495,446$4,013,287
91$6,590,747$1,048,663$464,673$4,350,650
92$7,214,140$1,051,185$431,377$4,721,268
93$7,899,581$1,052,291$395,427$5,128,538
94$8,653,348$1,051,864$356,684$5,576,207
95$9,482,363$1,049,778$315,006$6,068,406
96$10,394,247$1,045,901$270,242$6,609,690
97$11,397,402$1,040,091$222,236$7,205,080
98$12,501,080$1,032,200$170,825$7,860,112
99$13,715,480$1,022,067$115,837$8,580,889
100$15,051,837$1,009,526$57,095$9,374,139