Can I retire at age 65 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$59,787$59,255$58,735$58,228$57,733$56,847
2 years$29,598$29,046$28,512$27,994$27,492$26,601
3 years$19,536$18,982$18,449$17,936$17,442$16,574
4 years$14,506$13,954$13,426$12,922$12,440$11,602
5 years$11,489$10,940$10,419$9,925$9,456$8,651
6 years$9,478$8,933$8,420$7,937$7,483$6,711
7 years$8,042$7,502$6,997$6,526$6,085$5,347
8 years$6,966$6,431$5,934$5,474$5,048$4,343
9 years$6,129$5,599$5,111$4,663$4,251$3,579
10 years$5,460$4,935$4,456$4,019$3,622$2,983
11 years$4,913$4,394$3,923$3,498$3,115$2,508
12 years$4,458$3,944$3,482$3,068$2,700$2,123
13 years$4,073$3,564$3,111$2,709$2,354$1,808
14 years$3,743$3,239$2,795$2,405$2,064$1,547
15 years$3,457$2,959$2,523$2,145$1,817$1,329
16 years$3,208$2,715$2,288$1,920$1,606$1,145
17 years$2,988$2,500$2,082$1,725$1,424$990
18 years$2,792$2,311$1,900$1,555$1,266$857
19 years$2,618$2,141$1,740$1,405$1,128$744
20 years$2,461$1,990$1,597$1,272$1,008$647
21 years$2,319$1,853$1,469$1,155$902$563
22 years$2,190$1,730$1,354$1,050$809$491
23 years$2,073$1,618$1,250$956$726$429
24 years$1,965$1,516$1,156$872$652$375
25 years$1,867$1,423$1,071$796$587$328
26 years$1,776$1,337$993$728$529$287
27 years$1,692$1,258$922$667$477$251
28 years$1,614$1,186$857$611$430$220
29 years$1,541$1,119$798$560$388$193
30 years$1,474$1,057$743$514$351$169
31 years$1,411$999$693$472$317$148
32 years$1,352$945$646$434$287$130
33 years$1,297$895$603$399$260$114
34 years$1,245$848$564$367$235$100
35 years$1,196$805$527$338$213$88
36 years$1,150$764$493$311$193$77
37 years$1,106$725$462$287$175$68
38 years$1,065$689$432$264$159$60
39 years$1,027$655$405$244$144$52
40 years$990$624$380$225$130$46
41 years$955$594$356$207$118$41
42 years$922$565$334$191$107$36
43 years$890$539$313$177$97$31
44 years$860$513$294$163$88$28
45 years$832$490$276$151$80$24
46 years$804$467$259$139$73$21
47 years$778$446$244$129$66$19
48 years$753$425$229$119$60$16
49 years$730$406$215$110$55$14
50 years$707$388$202$101$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $724,000, adding $6,597 every year, while hoping to spend $42,332 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: 63/18/19 Blend
64$724,000$724,000$724,000$724,000
65$804,653$766,281$755,059$851,054
66$841,686$758,788$735,312$875,591
67$881,079$749,509$713,486$897,015
68$923,026$738,311$689,464$919,422
69$967,741$725,056$663,128$942,912
70$1,015,461$709,594$634,353$967,595
71$1,066,442$691,768$603,008$993,596
72$1,120,966$671,411$568,956$1,021,051
73$1,179,343$648,349$532,054$1,050,115
74$1,241,912$622,393$492,153$1,080,957
75$1,309,044$593,347$449,098$1,113,770
76$1,381,147$561,003$402,724$1,148,764
77$1,458,671$525,139$352,862$1,186,177
78$1,542,107$485,522$299,334$1,226,270
79$1,631,994$441,905$241,954$1,269,335
80$1,728,927$394,028$180,529$1,315,699
81$1,833,557$341,614$114,856$1,365,720
82$1,946,599$284,373$44,723$1,419,801
83$2,068,842$221,997$0$1,478,386
84$2,201,150$154,160$0$1,548,076
85$2,344,473$80,521$0$1,633,385
86$2,499,858$715$0$1,725,894
87$2,668,454$0$0$1,826,330
88$2,851,526$0$0$1,952,456
89$3,050,464$0$0$2,089,712
90$3,266,798$0$0$2,239,019
91$3,502,211$0$0$2,401,544
92$3,758,556$0$0$2,578,572
93$4,037,871$0$0$2,771,517
94$4,342,397$0$0$2,981,936
95$4,674,605$0$0$3,211,540
96$5,037,210$0$0$3,462,216
97$5,433,203$0$0$3,736,039
98$5,865,877$0$0$4,035,292
99$6,338,855$0$0$4,362,492
100$6,856,130$0$0$4,720,408