Can I retire at age 65 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$58,714$58,191$57,680$57,182$56,696$56,151
2 years$29,066$28,525$28,000$27,492$26,998$26,449
3 years$19,185$18,641$18,118$17,614$17,129$16,592
4 years$14,245$13,703$13,185$12,690$12,216$11,697
5 years$11,282$10,744$10,232$9,747$9,287$8,786
6 years$9,308$8,773$8,269$7,795$7,348$6,867
7 years$7,898$7,368$6,872$6,409$5,976$5,514
8 years$6,841$6,315$5,828$5,376$4,958$4,516
9 years$6,019$5,499$5,019$4,579$4,175$3,752
10 years$5,362$4,847$4,376$3,947$3,557$3,154
11 years$4,825$4,315$3,853$3,435$3,060$2,674
12 years$4,378$3,873$3,419$3,013$2,651$2,285
13 years$3,999$3,500$3,055$2,660$2,312$1,963
14 years$3,676$3,181$2,745$2,361$2,027$1,695
15 years$3,395$2,906$2,478$2,106$1,784$1,470
16 years$3,150$2,666$2,247$1,886$1,577$1,279
17 years$2,934$2,456$2,044$1,694$1,398$1,117
18 years$2,742$2,269$1,866$1,527$1,243$977
19 years$2,571$2,103$1,709$1,380$1,108$857
20 years$2,416$1,954$1,568$1,250$990$753
21 years$2,277$1,820$1,442$1,134$886$662
22 years$2,151$1,699$1,329$1,031$794$584
23 years$2,035$1,589$1,227$939$713$515
24 years$1,930$1,489$1,135$856$641$455
25 years$1,833$1,397$1,051$782$576$402
26 years$1,744$1,313$975$715$519$356
27 years$1,661$1,236$905$655$468$315
28 years$1,585$1,165$842$600$422$279
29 years$1,514$1,099$783$550$381$247
30 years$1,447$1,038$730$505$345$220
31 years$1,385$981$680$464$312$195
32 years$1,328$928$635$426$282$173
33 years$1,273$879$593$392$255$154
34 years$1,222$833$554$360$231$136
35 years$1,174$790$518$332$209$121
36 years$1,129$750$484$306$190$108
37 years$1,087$712$453$282$172$96
38 years$1,046$677$424$260$156$85
39 years$1,008$644$398$239$141$76
40 years$972$612$373$221$128$67
41 years$938$583$349$204$116$60
42 years$905$555$328$188$105$53
43 years$874$529$308$173$96$47
44 years$845$504$289$160$87$42
45 years$817$481$271$148$79$38
46 years$790$459$255$137$72$33
47 years$764$438$239$126$65$30
48 years$740$418$225$117$59$26
49 years$717$399$211$108$54$24
50 years$694$381$199$100$49$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $711,000, adding $4,627 every year, while hoping to spend $49,320 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: 31/47/22 Blend
64$711,000$711,000$711,000$711,000
65$788,295$750,612$739,591$807,236
66$816,225$734,916$711,891$806,291
67$845,351$716,797$681,611$800,526
68$875,742$696,086$648,611$793,300
69$907,475$672,602$612,746$784,516
70$940,630$646,152$573,866$774,075
71$975,296$616,535$531,812$761,869
72$1,011,568$583,536$486,419$747,790
73$1,049,548$546,930$437,514$731,721
74$1,089,348$506,476$384,917$713,541
75$1,131,089$461,921$328,440$693,124
76$1,174,903$412,998$267,886$670,338
77$1,220,932$359,424$203,048$645,046
78$1,269,331$300,899$133,714$617,106
79$1,320,268$237,108$59,659$586,367
80$1,373,926$167,718$0$552,675
81$1,430,507$92,376$0$520,417
82$1,490,226$10,710$0$500,119
83$1,553,321$0$0$477,650
84$1,620,052$0$0$493,063
85$1,690,700$0$0$515,296
86$1,765,575$0$0$538,913
87$1,845,014$0$0$564,027
88$1,929,384$0$0$590,763
89$2,019,090$0$0$619,255
90$2,114,573$0$0$649,653
91$2,216,315$0$0$682,119
92$2,324,845$0$0$716,832
93$2,440,744$0$0$753,988
94$2,564,645$0$0$793,800
95$2,697,245$0$0$836,506
96$2,839,307$0$0$882,362
97$2,991,667$0$0$931,652
98$3,155,245$0$0$984,687
99$3,331,049$0$0$1,041,809
100$3,520,185$0$0$1,103,393