Can I retire at age 65 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$59,870$59,337$58,816$58,308$57,813$56,346
2 years$29,639$29,087$28,552$28,033$27,530$26,062
3 years$19,563$19,008$18,475$17,961$17,466$16,043
4 years$14,526$13,973$13,445$12,940$12,457$11,089
5 years$11,504$10,955$10,434$9,939$9,470$8,161
6 years$9,491$8,946$8,432$7,948$7,493$6,245
7 years$8,053$7,513$7,007$6,535$6,094$4,906
8 years$6,975$6,440$5,943$5,482$5,055$3,928
9 years$6,138$5,607$5,118$4,669$4,257$3,189
10 years$5,468$4,942$4,462$4,025$3,627$2,617
11 years$4,920$4,400$3,929$3,503$3,120$2,166
12 years$4,464$3,949$3,486$3,073$2,704$1,804
13 years$4,078$3,569$3,115$2,713$2,358$1,511
14 years$3,748$3,244$2,799$2,408$2,067$1,271
15 years$3,462$2,963$2,527$2,147$1,820$1,073
16 years$3,212$2,719$2,291$1,923$1,608$908
17 years$2,992$2,504$2,085$1,728$1,426$771
18 years$2,796$2,314$1,903$1,557$1,268$656
19 years$2,621$2,144$1,742$1,407$1,130$559
20 years$2,464$1,993$1,599$1,274$1,009$477
21 years$2,322$1,856$1,471$1,156$903$407
22 years$2,193$1,733$1,355$1,051$810$348
23 years$2,076$1,620$1,252$958$727$298
24 years$1,968$1,518$1,157$873$653$256
25 years$1,869$1,425$1,072$798$588$219
26 years$1,778$1,339$994$729$530$188
27 years$1,694$1,260$923$668$477$161
28 years$1,616$1,188$858$612$431$138
29 years$1,543$1,120$799$561$389$119
30 years$1,476$1,058$744$515$351$102
31 years$1,413$1,000$694$473$318$88
32 years$1,354$946$647$434$287$75
33 years$1,298$896$604$400$260$65
34 years$1,246$849$565$368$236$56
35 years$1,198$806$528$338$213$48
36 years$1,151$765$494$312$193$41
37 years$1,108$726$462$287$175$35
38 years$1,067$690$433$265$159$30
39 years$1,028$656$405$244$144$26
40 years$991$624$380$225$131$23
41 years$956$594$356$208$119$19
42 years$923$566$334$192$108$17
43 years$891$539$314$177$98$14
44 years$861$514$294$163$89$12
45 years$833$490$276$151$80$11
46 years$805$468$260$139$73$9
47 years$779$446$244$129$66$8
48 years$754$426$229$119$60$7
49 years$731$407$215$110$55$6
50 years$708$389$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $725,000, adding $4,600 every year, while hoping to spend $38,797 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: 38/45/17 Blend
64$725,000$725,000$725,000$725,000
65$803,695$765,270$754,032$829,965
66$844,392$761,488$738,013$845,469
67$887,940$756,221$720,156$858,168
68$934,589$749,355$700,360$871,072
69$984,612$740,768$678,517$884,221
70$1,038,310$730,334$654,516$897,660
71$1,096,014$717,917$628,238$911,443
72$1,158,085$703,372$599,562$925,633
73$1,224,921$686,549$568,358$940,302
74$1,296,959$667,285$534,494$955,533
75$1,374,678$645,412$497,829$971,422
76$1,458,605$620,747$458,217$988,079
77$1,549,320$593,101$415,504$1,005,630
78$1,647,459$562,271$369,532$1,024,218
79$1,753,722$528,044$320,132$1,044,006
80$1,868,877$490,194$267,132$1,065,179
81$1,993,771$448,481$210,350$1,087,946
82$2,129,333$402,655$149,594$1,112,545
83$2,276,587$352,447$84,667$1,139,243
84$2,436,657$297,576$15,363$1,168,342
85$2,610,783$237,743$0$1,200,183
86$2,800,325$172,635$0$1,245,775
87$3,006,783$101,919$0$1,298,586
88$3,231,805$25,243$0$1,356,349
89$3,477,207$0$0$1,419,651
90$3,744,987$0$0$1,517,744
91$4,037,343$0$0$1,638,579
92$4,356,695$0$0$1,770,670
93$4,705,710$0$0$1,915,131
94$5,087,319$0$0$2,073,188
95$5,504,754$0$0$2,246,192
96$5,961,571$0$0$2,435,630
97$6,461,686$0$0$2,643,142
98$7,009,413$0$0$2,870,531
99$7,609,499$0$0$3,119,784
100$8,267,175$0$0$3,393,090