Can I retire at age 65 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$58,549$58,027$57,518$57,022$56,537$55,738
2 years$28,984$28,445$27,921$27,414$26,922$26,119
3 years$19,131$18,589$18,067$17,565$17,081$16,298
4 years$14,205$13,665$13,148$12,654$12,182$11,426
5 years$11,251$10,713$10,204$9,720$9,261$8,533
6 years$9,281$8,748$8,246$7,773$7,328$6,630
7 years$7,875$7,347$6,852$6,391$5,959$5,291
8 years$6,821$6,298$5,811$5,361$4,944$4,306
9 years$6,002$5,483$5,005$4,566$4,163$3,555
10 years$5,347$4,833$4,364$3,936$3,547$2,968
11 years$4,811$4,303$3,842$3,426$3,051$2,500
12 years$4,365$3,862$3,410$3,005$2,644$2,120
13 years$3,988$3,490$3,046$2,653$2,305$1,809
14 years$3,665$3,172$2,737$2,355$2,021$1,551
15 years$3,386$2,898$2,471$2,100$1,779$1,335
16 years$3,141$2,659$2,240$1,880$1,573$1,153
17 years$2,926$2,449$2,039$1,690$1,394$998
18 years$2,734$2,263$1,861$1,523$1,240$867
19 years$2,563$2,097$1,704$1,376$1,105$754
20 years$2,410$1,949$1,564$1,246$987$657
21 years$2,271$1,815$1,438$1,131$883$573
22 years$2,145$1,694$1,326$1,028$792$501
23 years$2,030$1,585$1,224$936$711$438
24 years$1,925$1,485$1,132$854$639$384
25 years$1,828$1,393$1,048$780$575$337
26 years$1,739$1,310$972$713$518$295
27 years$1,657$1,232$903$653$467$259
28 years$1,580$1,161$839$598$421$228
29 years$1,509$1,096$781$548$380$200
30 years$1,443$1,035$728$503$344$176
31 years$1,382$978$678$462$311$155
32 years$1,324$925$633$425$281$136
33 years$1,270$876$591$391$254$120
34 years$1,219$831$552$359$230$105
35 years$1,171$788$516$331$209$93
36 years$1,126$748$483$305$189$82
37 years$1,084$710$452$281$171$72
38 years$1,043$675$423$259$155$63
39 years$1,005$642$397$239$141$56
40 years$969$611$372$220$128$49
41 years$935$581$348$203$116$43
42 years$903$554$327$187$105$38
43 years$872$527$307$173$95$34
44 years$842$503$288$160$87$30
45 years$814$479$270$148$79$26
46 years$788$457$254$136$71$23
47 years$762$436$239$126$65$20
48 years$738$417$224$116$59$18
49 years$715$398$211$108$53$16
50 years$692$380$198$99$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $709,000, adding $3,060 every year, while hoping to spend $32,216 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: 60/24/16 Blend
64$709,000$709,000$709,000$709,000
65$784,474$746,897$735,908$828,176
66$830,213$749,218$726,283$860,343
67$879,538$750,572$715,256$891,558
68$932,779$750,879$702,746$924,858
69$990,303$750,052$688,669$960,446
70$1,052,509$748,000$672,934$998,551
71$1,119,838$744,625$655,450$1,039,423
72$1,192,773$739,823$636,119$1,083,342
73$1,271,847$733,486$614,841$1,130,613
74$1,357,645$725,496$591,508$1,181,578
75$1,450,811$715,731$566,009$1,236,613
76$1,552,052$704,061$538,229$1,296,133
77$1,662,147$690,346$508,046$1,360,600
78$1,781,954$674,440$475,333$1,430,521
79$1,912,414$656,189$439,957$1,506,459
80$2,054,565$635,427$401,781$1,589,036
81$2,209,549$611,981$360,658$1,678,939
82$2,378,622$585,667$316,439$1,776,928
83$2,563,167$556,290$268,965$1,883,842
84$2,764,705$523,644$218,071$2,000,608
85$2,984,914$487,511$163,586$2,128,251
86$3,225,638$447,662$105,328$2,267,904
87$3,488,908$403,852$43,112$2,420,818
88$3,776,961$355,825$0$2,588,374
89$4,092,258$303,308$0$2,776,073
90$4,437,513$246,014$0$2,989,739
91$4,815,710$183,640$0$3,223,902
92$5,230,139$115,865$0$3,480,656
93$5,684,422$42,351$0$3,762,309
94$6,182,547$0$0$4,071,409
95$6,728,907$0$0$4,420,606
96$7,328,342$0$0$4,816,054
97$7,986,182$0$0$5,250,090
98$8,708,297$0$0$5,726,596
99$9,501,155$0$0$6,249,846
100$10,371,880$0$0$6,824,552