Can I retire at age 65 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$58,879$58,354$57,843$57,343$56,856$54,904
2 years$29,148$28,605$28,079$27,569$27,074$25,128
3 years$19,239$18,694$18,169$17,664$17,177$15,297
4 years$14,285$13,742$13,222$12,726$12,251$10,451
5 years$11,314$10,774$10,261$9,775$9,313$7,599
6 years$9,334$8,798$8,292$7,817$7,369$5,742
7 years$7,920$7,388$6,891$6,427$5,993$4,453
8 years$6,860$6,333$5,844$5,391$4,972$3,517
9 years$6,036$5,514$5,034$4,592$4,187$2,816
10 years$5,377$4,860$4,388$3,958$3,567$2,277
11 years$4,839$4,327$3,863$3,445$3,068$1,857
12 years$4,390$3,884$3,429$3,022$2,659$1,524
13 years$4,011$3,510$3,063$2,668$2,318$1,256
14 years$3,686$3,190$2,752$2,368$2,032$1,040
15 years$3,405$2,914$2,485$2,112$1,789$864
16 years$3,159$2,674$2,253$1,891$1,582$719
17 years$2,942$2,462$2,050$1,699$1,402$600
18 years$2,750$2,275$1,872$1,531$1,247$502
19 years$2,578$2,109$1,713$1,384$1,111$420
20 years$2,423$1,960$1,572$1,253$993$353
21 years$2,284$1,825$1,446$1,137$888$296
22 years$2,157$1,704$1,333$1,034$796$249
23 years$2,041$1,594$1,231$942$715$209
24 years$1,935$1,493$1,138$859$642$176
25 years$1,838$1,401$1,054$784$578$148
26 years$1,749$1,317$978$717$521$125
27 years$1,666$1,239$908$656$469$105
28 years$1,589$1,168$844$601$424$88
29 years$1,518$1,102$785$552$383$74
30 years$1,451$1,040$732$506$346$63
31 years$1,389$984$682$465$312$53
32 years$1,331$931$636$427$283$45
33 years$1,277$881$594$393$256$38
34 years$1,226$835$555$361$232$32
35 years$1,178$792$519$333$210$27
36 years$1,132$752$486$306$190$23
37 years$1,090$714$454$282$172$19
38 years$1,049$679$426$260$156$16
39 years$1,011$645$399$240$142$14
40 years$975$614$374$221$128$11
41 years$940$585$350$204$117$10
42 years$908$557$329$188$106$8
43 years$877$530$308$174$96$7
44 years$847$506$290$161$87$6
45 years$819$482$272$148$79$5
46 years$792$460$255$137$72$4
47 years$766$439$240$127$65$3
48 years$742$419$225$117$59$3
49 years$719$400$212$108$54$2
50 years$696$382$199$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $713,000, adding $3,145 every year, while hoping to spend $47,579 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: 41/49/10 Blend
64$713,000$713,000$713,000$713,000
65$788,970$751,181$740,130$818,855
66$818,821$737,365$714,300$826,298
67$850,123$721,278$686,011$829,358
68$882,972$702,757$655,129$831,603
69$917,475$681,632$621,516$832,977
70$953,748$657,722$585,027$833,425
71$991,915$630,835$545,510$832,891
72$1,032,113$600,769$502,807$831,314
73$1,074,490$567,308$456,753$828,635
74$1,119,208$530,227$407,175$824,793
75$1,166,444$489,285$353,892$819,725
76$1,216,390$444,229$296,716$813,369
77$1,269,256$394,790$235,450$805,661
78$1,325,272$340,686$169,889$796,539
79$1,384,687$281,617$99,818$785,941
80$1,447,776$217,267$25,012$773,803
81$1,514,839$147,303$0$760,067
82$1,586,202$71,371$0$750,522
83$1,662,226$0$0$742,493
84$1,743,302$0$0$739,161
85$1,829,861$0$0$776,742
86$1,922,375$0$0$816,966
87$2,021,360$0$0$860,064
88$2,127,383$0$0$906,291
89$2,241,065$0$0$955,925
90$2,363,088$0$0$1,009,274
91$2,494,201$0$0$1,066,673
92$2,635,225$0$0$1,128,492
93$2,787,062$0$0$1,195,137
94$2,950,702$0$0$1,267,054
95$3,127,233$0$0$1,344,731
96$3,317,851$0$0$1,428,707
97$3,523,868$0$0$1,519,573
98$3,746,728$0$0$1,617,979
99$3,988,018$0$0$1,724,641
100$4,249,482$0$0$1,840,343