Can I retire at age 65 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$59,705$59,173$58,654$58,148$57,653$55,519
2 years$29,557$29,006$28,473$27,956$27,454$25,328
3 years$19,509$18,956$18,424$17,911$17,418$15,367
4 years$14,486$13,935$13,408$12,904$12,423$10,462
5 years$11,473$10,925$10,405$9,912$9,443$7,579
6 years$9,465$8,921$8,409$7,926$7,472$5,705
7 years$8,031$7,492$6,988$6,517$6,077$4,406
8 years$6,956$6,422$5,926$5,467$5,041$3,466
9 years$6,121$5,591$5,104$4,656$4,246$2,763
10 years$5,453$4,929$4,450$4,014$3,617$2,225
11 years$4,906$4,388$3,918$3,493$3,111$1,806
12 years$4,452$3,938$3,477$3,064$2,696$1,475
13 years$4,067$3,559$3,106$2,705$2,351$1,210
14 years$3,738$3,235$2,791$2,401$2,061$997
15 years$3,452$2,955$2,520$2,142$1,815$824
16 years$3,203$2,711$2,285$1,918$1,604$683
17 years$2,983$2,497$2,079$1,723$1,422$567
18 years$2,788$2,307$1,898$1,553$1,264$472
19 years$2,614$2,138$1,737$1,403$1,127$393
20 years$2,457$1,987$1,594$1,271$1,007$328
21 years$2,316$1,851$1,467$1,153$901$273
22 years$2,187$1,728$1,352$1,049$807$228
23 years$2,070$1,616$1,248$955$725$191
24 years$1,963$1,514$1,154$871$651$160
25 years$1,864$1,421$1,069$795$586$134
26 years$1,773$1,335$992$727$528$112
27 years$1,689$1,257$921$666$476$94
28 years$1,611$1,184$856$610$430$79
29 years$1,539$1,117$796$559$388$66
30 years$1,472$1,055$742$513$350$55
31 years$1,409$997$692$471$317$46
32 years$1,350$944$645$433$287$39
33 years$1,295$894$603$398$259$33
34 years$1,243$847$563$367$235$27
35 years$1,194$803$526$337$213$23
36 years$1,148$763$492$311$193$19
37 years$1,105$724$461$286$175$16
38 years$1,064$688$432$264$158$13
39 years$1,025$655$404$243$144$11
40 years$988$623$379$224$130$9
41 years$954$593$355$207$118$8
42 years$920$565$333$191$107$7
43 years$889$538$313$176$97$6
44 years$859$513$294$163$88$5
45 years$830$489$276$150$80$4
46 years$803$466$259$139$73$3
47 years$777$445$243$128$66$3
48 years$752$425$229$119$60$2
49 years$729$406$215$110$55$2
50 years$706$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $723,000, adding $2,724 every year, while hoping to spend $31,421 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: 72/11/17 Blend
64$723,000$723,000$723,000$723,000
65$799,556$761,237$750,030$853,778
66$847,679$765,106$741,725$894,011
67$899,657$768,111$732,088$933,995
68$955,851$770,177$721,041$976,971
69$1,016,656$771,225$708,505$1,023,230
70$1,082,508$771,167$694,392$1,073,091
71$1,153,884$769,915$678,615$1,126,908
72$1,231,311$767,371$661,079$1,185,071
73$1,315,367$763,435$641,688$1,248,010
74$1,406,689$757,997$620,338$1,316,200
75$1,505,975$750,943$596,923$1,390,164
76$1,613,996$742,151$571,332$1,470,480
77$1,731,600$731,493$543,448$1,557,783
78$1,859,718$718,830$513,148$1,652,778
79$1,999,376$704,020$480,305$1,756,238
80$2,151,703$686,908$444,786$1,869,018
81$2,317,942$667,331$406,452$1,992,062
82$2,499,460$645,118$365,156$2,126,409
83$2,697,763$620,088$320,747$2,273,206
84$2,914,509$592,046$273,066$2,433,719
85$3,151,523$560,790$221,948$2,609,343
86$3,410,814$526,104$167,219$2,801,617
87$3,694,594$487,761$108,698$3,012,239
88$4,005,300$445,518$46,196$3,243,081
89$4,345,614$399,123$0$3,496,207
90$4,718,491$348,304$0$3,777,615
91$5,127,186$292,779$0$4,095,280
92$5,575,280$232,247$0$4,443,622
93$6,066,721$166,389$0$4,825,737
94$6,605,856$94,872$0$5,245,034
95$7,197,473$17,341$0$5,705,272
96$7,846,847$0$0$6,210,591
97$8,559,786$0$0$6,773,616
98$9,342,691$0$0$7,394,235
99$10,202,612$0$0$8,075,943
100$11,147,313$0$0$8,824,902