Can I retire at age 65 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$59,044$58,518$58,005$57,504$57,015$56,001
2 years$29,230$28,685$28,158$27,646$27,150$26,132
3 years$19,293$18,746$18,220$17,713$17,225$16,235
4 years$14,325$13,780$13,259$12,761$12,285$11,330
5 years$11,346$10,804$10,290$9,802$9,339$8,422
6 years$9,360$8,822$8,316$7,839$7,390$6,511
7 years$7,942$7,409$6,910$6,445$6,010$5,171
8 years$6,879$6,351$5,861$5,406$4,986$4,186
9 years$6,053$5,530$5,048$4,605$4,199$3,437
10 years$5,392$4,874$4,401$3,969$3,577$2,854
11 years$4,852$4,339$3,874$3,455$3,077$2,390
12 years$4,402$3,895$3,438$3,030$2,666$2,016
13 years$4,022$3,519$3,072$2,675$2,325$1,710
14 years$3,696$3,199$2,760$2,375$2,038$1,457
15 years$3,414$2,922$2,492$2,118$1,794$1,246
16 years$3,168$2,681$2,259$1,896$1,586$1,070
17 years$2,950$2,469$2,056$1,704$1,406$920
18 years$2,757$2,282$1,877$1,535$1,250$794
19 years$2,585$2,115$1,718$1,387$1,114$686
20 years$2,430$1,965$1,577$1,257$995$594
21 years$2,290$1,830$1,450$1,140$891$515
22 years$2,163$1,709$1,337$1,037$799$447
23 years$2,047$1,598$1,234$944$717$388
24 years$1,941$1,497$1,141$861$644$338
25 years$1,843$1,405$1,057$787$580$294
26 years$1,754$1,321$981$719$522$256
27 years$1,671$1,243$911$658$471$223
28 years$1,594$1,171$846$603$425$194
29 years$1,522$1,105$788$553$384$170
30 years$1,455$1,043$734$508$347$148
31 years$1,393$986$684$466$313$129
32 years$1,335$933$638$428$283$113
33 years$1,280$884$596$394$257$98
34 years$1,229$838$557$363$232$86
35 years$1,181$795$521$334$210$75
36 years$1,136$754$487$307$191$66
37 years$1,093$716$456$283$173$57
38 years$1,052$681$427$261$157$50
39 years$1,014$647$400$241$142$44
40 years$978$616$375$222$129$38
41 years$943$586$351$205$117$34
42 years$910$558$330$189$106$29
43 years$879$532$309$174$96$26
44 years$850$507$290$161$87$22
45 years$821$484$273$149$79$20
46 years$794$461$256$137$72$17
47 years$769$440$241$127$65$15
48 years$744$420$226$117$59$13
49 years$721$401$213$108$54$11
50 years$698$383$200$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $715,000, adding $3,469 every year, while hoping to spend $36,878 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: 76/10/14 Blend
64$715,000$715,000$715,000$715,000
65$791,508$753,613$742,531$849,083
66$833,004$751,302$728,168$885,246
67$877,497$747,642$712,087$919,906
68$925,253$742,528$694,193$956,888
69$976,564$735,848$674,385$996,411
70$1,031,754$727,484$652,556$1,038,715
71$1,091,173$717,311$628,597$1,084,068
72$1,155,209$705,196$602,392$1,132,763
73$1,224,289$690,999$573,821$1,185,125
74$1,298,879$674,571$542,756$1,241,512
75$1,379,493$655,753$509,067$1,302,317
76$1,466,696$634,380$472,616$1,367,977
77$1,561,108$610,273$433,257$1,438,973
78$1,663,412$583,247$390,842$1,515,833
79$1,774,357$553,104$345,212$1,599,144
80$1,894,769$519,633$296,205$1,689,551
81$2,025,555$482,615$243,647$1,787,765
82$2,167,713$441,814$187,361$1,894,573
83$2,322,341$396,985$127,158$2,010,840
84$2,490,647$347,864$62,845$2,137,524
85$2,673,960$294,177$0$2,275,679
86$2,873,743$235,630$0$2,427,334
87$3,091,606$171,917$0$2,602,982
88$3,329,319$102,711$0$2,794,676
89$3,588,835$27,669$0$3,004,013
90$3,872,298$0$0$3,232,751
91$4,182,073$0$0$3,488,727
92$4,520,762$0$0$3,771,949
93$4,891,228$0$0$4,081,772
94$5,296,626$0$0$4,420,837
95$5,740,429$0$0$4,792,053
96$6,226,462$0$0$5,198,621
97$6,758,937$0$0$5,644,070
98$7,342,491$0$0$6,132,283
99$7,982,233$0$0$6,667,538
100$8,683,789$0$0$7,254,547