Can I retire at age 65 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$59,622$59,091$58,573$58,067$57,573$56,365
2 years$29,516$28,966$28,433$27,917$27,416$26,204
3 years$19,482$18,930$18,398$17,887$17,394$16,216
4 years$14,466$13,915$13,389$12,886$12,405$11,271
5 years$11,457$10,910$10,391$9,898$9,430$8,343
6 years$9,452$8,909$8,397$7,915$7,462$6,423
7 years$8,020$7,481$6,978$6,508$6,069$5,077
8 years$6,947$6,413$5,918$5,459$5,034$4,091
9 years$6,112$5,584$5,097$4,650$4,240$3,344
10 years$5,445$4,922$4,444$4,008$3,612$2,763
11 years$4,900$4,382$3,912$3,488$3,107$2,302
12 years$4,445$3,933$3,472$3,060$2,692$1,932
13 years$4,061$3,554$3,102$2,701$2,348$1,630
14 years$3,732$3,230$2,787$2,398$2,058$1,381
15 years$3,448$2,951$2,516$2,139$1,812$1,175
16 years$3,199$2,708$2,282$1,915$1,601$1,003
17 years$2,979$2,494$2,076$1,720$1,420$858
18 years$2,784$2,304$1,895$1,551$1,263$736
19 years$2,610$2,135$1,735$1,401$1,125$632
20 years$2,454$1,984$1,592$1,269$1,005$544
21 years$2,312$1,848$1,465$1,152$900$468
22 years$2,184$1,725$1,350$1,047$806$404
23 years$2,067$1,614$1,246$954$724$349
24 years$1,960$1,512$1,153$870$651$302
25 years$1,861$1,419$1,068$794$585$261
26 years$1,771$1,334$990$726$527$226
27 years$1,687$1,255$919$665$475$195
28 years$1,609$1,183$855$609$429$169
29 years$1,537$1,116$795$559$387$147
30 years$1,470$1,054$741$513$350$127
31 years$1,407$996$691$471$316$110
32 years$1,348$942$644$433$286$96
33 years$1,293$892$602$398$259$83
34 years$1,241$846$562$366$235$72
35 years$1,193$802$526$337$212$62
36 years$1,147$761$492$310$192$54
37 years$1,103$723$460$286$174$47
38 years$1,062$687$431$264$158$41
39 years$1,024$654$404$243$143$35
40 years$987$622$378$224$130$31
41 years$952$592$355$207$118$27
42 years$919$564$333$191$107$23
43 years$888$537$312$176$97$20
44 years$858$512$293$163$88$18
45 years$829$488$275$150$80$15
46 years$802$466$259$139$73$13
47 years$776$444$243$128$66$11
48 years$751$424$228$118$60$10
49 years$728$405$215$109$54$9
50 years$705$387$202$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $722,000, adding $4,635 every year, while hoping to spend $21,453 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: 64/9/27 Blend
64$722,000$722,000$722,000$722,000
65$800,425$762,159$750,968$845,657
66$859,243$776,679$753,300$891,335
67$923,340$791,191$754,990$938,440
68$993,235$805,673$755,996$989,441
69$1,069,493$820,100$756,270$1,044,724
70$1,152,741$834,444$755,765$1,104,712
71$1,243,666$848,677$754,428$1,169,874
72$1,343,025$862,768$752,207$1,240,727
73$1,451,654$876,683$749,046$1,317,840
74$1,570,469$890,387$744,885$1,401,841
75$1,700,481$903,841$739,664$1,493,422
76$1,842,805$917,003$733,317$1,593,347
77$1,998,664$929,831$725,777$1,702,456
78$2,169,411$942,275$716,973$1,821,677
79$2,356,530$954,286$706,831$1,952,035
80$2,561,659$965,809$695,273$2,094,656
81$2,786,602$976,787$682,218$2,250,784
82$3,033,344$987,158$667,580$2,421,791
83$3,304,072$996,856$651,272$2,609,188
84$3,601,197$1,005,811$633,199$2,814,642
85$3,927,371$1,013,948$613,263$3,039,991
86$4,285,520$1,021,188$591,364$3,287,261
87$4,678,862$1,027,446$567,395$3,558,685
88$5,110,947$1,032,631$541,243$3,856,726
89$5,585,681$1,036,648$512,792$4,184,099
90$6,107,371$1,039,395$481,921$4,543,797
91$6,680,760$1,040,762$448,503$4,939,120
92$7,311,073$1,040,635$412,403$5,373,705
93$8,004,068$1,038,892$373,484$5,851,562
94$8,766,087$1,035,401$331,600$6,377,113
95$9,604,119$1,030,027$286,600$6,955,230
96$10,525,863$1,022,622$238,324$7,591,286
97$11,539,801$1,013,030$186,608$8,291,203
98$12,655,280$1,001,088$131,279$9,061,510
99$13,882,599$986,622$72,157$9,909,402
100$15,233,103$969,445$9,053$10,842,813