Can I retire at age 65 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$59,209$58,682$58,167$57,665$57,175$56,696
2 years$29,311$28,766$28,237$27,724$27,226$26,743
3 years$19,347$18,799$18,271$17,763$17,273$16,802
4 years$14,366$13,819$13,297$12,797$12,319$11,863
5 years$11,378$10,834$10,319$9,829$9,365$8,924
6 years$9,386$8,847$8,339$7,861$7,410$6,986
7 years$7,964$7,430$6,930$6,463$6,027$5,620
8 years$6,898$6,369$5,877$5,421$5,000$4,610
9 years$6,070$5,545$5,062$4,618$4,210$3,837
10 years$5,407$4,888$4,413$3,981$3,587$3,231
11 years$4,866$4,351$3,885$3,464$3,085$2,745
12 years$4,415$3,905$3,448$3,039$2,674$2,349
13 years$4,033$3,529$3,081$2,683$2,331$2,023
14 years$3,707$3,208$2,768$2,381$2,044$1,750
15 years$3,424$2,931$2,499$2,124$1,800$1,521
16 years$3,177$2,689$2,266$1,902$1,590$1,326
17 years$2,959$2,476$2,062$1,709$1,410$1,160
18 years$2,765$2,288$1,882$1,540$1,254$1,017
19 years$2,592$2,121$1,723$1,391$1,118$894
20 years$2,437$1,971$1,581$1,260$998$787
21 years$2,296$1,836$1,454$1,144$893$694
22 years$2,169$1,713$1,340$1,040$801$613
23 years$2,053$1,603$1,238$947$719$542
24 years$1,946$1,501$1,145$864$646$480
25 years$1,849$1,409$1,060$789$581$425
26 years$1,758$1,324$983$721$524$377
27 years$1,675$1,246$913$660$472$335
28 years$1,598$1,174$849$605$426$297
29 years$1,526$1,108$790$555$385$264
30 years$1,460$1,046$736$509$348$235
31 years$1,397$989$686$468$314$209
32 years$1,339$936$640$430$284$186
33 years$1,284$886$598$395$257$166
34 years$1,233$840$558$364$233$147
35 years$1,184$797$522$335$211$131
36 years$1,139$756$488$308$191$117
37 years$1,096$718$457$284$173$104
38 years$1,055$683$428$262$157$93
39 years$1,017$649$401$241$142$83
40 years$980$618$376$223$129$74
41 years$946$588$352$205$117$66
42 years$913$560$331$190$106$59
43 years$882$533$310$175$97$52
44 years$852$508$291$162$88$47
45 years$824$485$273$149$80$42
46 years$797$463$257$138$72$37
47 years$771$441$241$127$66$33
48 years$746$421$227$118$60$30
49 years$723$402$213$109$54$26
50 years$700$384$200$101$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $717,000, adding $6,402 every year, while hoping to spend $55,381 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: 39/32/29 Blend
64$717,000$717,000$717,000$717,000
65$796,738$758,737$747,623$820,758
66$819,080$736,990$713,744$817,177
67$841,845$712,321$676,873$807,751
68$865,018$684,529$636,852$796,510
69$888,579$653,401$593,516$783,328
70$912,506$618,709$546,691$768,065
71$936,773$580,217$496,197$750,576
72$961,347$537,671$441,843$730,706
73$986,192$490,805$383,432$708,291
74$1,011,265$439,336$320,759$683,156
75$1,036,517$382,966$253,607$655,115
76$1,061,890$321,380$181,752$623,971
77$1,087,321$254,246$104,958$589,514
78$1,112,735$181,211$22,981$551,520
79$1,138,048$101,905$0$509,753
80$1,163,165$15,934$0$483,919
81$1,187,979$0$0$462,677
82$1,212,368$0$0$465,863
83$1,236,196$0$0$474,365
84$1,259,310$0$0$482,506
85$1,281,537$0$0$490,209
86$1,302,686$0$0$497,391
87$1,322,541$0$0$503,956
88$1,340,860$0$0$509,799
89$1,357,376$0$0$514,803
90$1,371,789$0$0$518,838
91$1,383,764$0$0$521,756
92$1,392,931$0$0$523,398
93$1,398,876$0$0$523,582
94$1,401,138$0$0$522,109
95$1,399,208$0$0$518,757
96$1,392,518$0$0$513,281
97$1,380,440$0$0$505,406
98$1,362,275$0$0$494,831
99$1,337,250$0$0$481,220
100$1,304,506$0$0$464,202