Can I retire at age 65 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$58,961$58,436$57,924$57,424$56,935$55,424
2 years$29,189$28,645$28,118$27,608$27,112$25,600
3 years$19,266$18,720$18,194$17,688$17,201$15,736
4 years$14,305$13,761$13,241$12,744$12,268$10,860
5 years$11,330$10,789$10,275$9,788$9,326$7,980
6 years$9,347$8,810$8,304$7,828$7,379$6,096
7 years$7,931$7,399$6,901$6,436$6,001$4,781
8 years$6,870$6,342$5,852$5,399$4,979$3,821
9 years$6,044$5,522$5,041$4,598$4,193$3,097
10 years$5,385$4,867$4,395$3,964$3,572$2,537
11 years$4,845$4,333$3,869$3,450$3,072$2,095
12 years$4,396$3,889$3,434$3,026$2,662$1,742
13 years$4,016$3,515$3,068$2,671$2,322$1,456
14 years$3,691$3,195$2,756$2,371$2,035$1,222
15 years$3,409$2,918$2,489$2,115$1,792$1,029
16 years$3,163$2,678$2,256$1,894$1,584$870
17 years$2,946$2,466$2,053$1,701$1,404$737
18 years$2,754$2,279$1,874$1,533$1,249$625
19 years$2,581$2,112$1,716$1,385$1,113$532
20 years$2,427$1,962$1,575$1,255$994$453
21 years$2,287$1,828$1,448$1,139$890$386
22 years$2,160$1,706$1,335$1,035$797$329
23 years$2,044$1,596$1,233$943$716$281
24 years$1,938$1,495$1,140$860$643$240
25 years$1,841$1,403$1,056$785$579$205
26 years$1,751$1,319$979$718$521$176
27 years$1,668$1,241$909$657$470$150
28 years$1,591$1,169$845$602$424$129
29 years$1,520$1,103$787$552$383$110
30 years$1,453$1,042$733$507$346$95
31 years$1,391$985$683$466$313$81
32 years$1,333$932$637$428$283$70
33 years$1,279$883$595$393$256$60
34 years$1,227$837$556$362$232$51
35 years$1,179$793$520$333$210$44
36 years$1,134$753$486$307$190$38
37 years$1,091$715$455$283$173$32
38 years$1,051$680$426$261$156$28
39 years$1,012$646$399$240$142$24
40 years$976$615$374$222$129$20
41 years$942$585$351$205$117$17
42 years$909$557$329$189$106$15
43 years$878$531$309$174$96$13
44 years$848$506$290$161$87$11
45 years$820$483$272$149$79$9
46 years$793$461$256$137$72$8
47 years$768$440$240$127$65$7
48 years$743$420$226$117$59$6
49 years$720$401$212$108$54$5
50 years$697$383$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $714,000, adding $2,396 every year, while hoping to spend $56,120 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: 71/12/17 Blend
64$714,000$714,000$714,000$714,000
65$789,299$751,457$740,390$842,032
66$810,097$728,568$705,482$854,513
67$831,134$702,675$667,524$861,203
68$852,378$673,574$626,354$867,091
69$873,787$641,046$581,803$872,088
70$895,315$604,859$533,695$876,098
71$916,910$564,770$481,847$879,017
72$938,511$520,520$426,065$880,732
73$960,050$471,836$366,149$881,119
74$981,449$418,430$301,889$880,046
75$1,002,620$359,996$233,066$877,365
76$1,023,465$296,213$159,450$872,920
77$1,043,870$226,739$80,803$866,538
78$1,063,711$151,216$0$858,032
79$1,082,847$69,263$0$847,765
80$1,101,119$0$0$850,628
81$1,118,352$0$0$854,334
82$1,134,348$0$0$866,197
83$1,148,886$0$0$876,900
84$1,161,720$0$0$886,248
85$1,172,576$0$0$894,027
86$1,181,149$0$0$899,996
87$1,187,098$0$0$903,890
88$1,190,047$0$0$905,413
89$1,189,575$0$0$904,234
90$1,185,217$0$0$899,989
91$1,176,455$0$0$892,272
92$1,162,715$0$0$880,633
93$1,143,361$0$0$864,573
94$1,117,687$0$0$843,540
95$1,084,912$0$0$816,921
96$1,044,170$0$0$784,038
97$994,504$0$0$744,140
98$934,852$0$0$696,397
99$864,042$0$0$639,889
100$780,774$0$0$573,600