Can I retire at age 65 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$60,118$59,582$59,060$58,550$58,052$57,090
2 years$29,761$29,207$28,670$28,149$27,644$26,678
3 years$19,644$19,087$18,551$18,035$17,538$16,598
4 years$14,586$14,031$13,501$12,993$12,508$11,601
5 years$11,552$11,000$10,477$9,980$9,509$8,637
6 years$9,530$8,983$8,467$7,981$7,524$6,689
7 years$8,087$7,544$7,036$6,562$6,119$5,320
8 years$7,004$6,466$5,967$5,505$5,076$4,314
9 years$6,163$5,630$5,139$4,689$4,275$3,549
10 years$5,490$4,963$4,481$4,042$3,642$2,952
11 years$4,940$4,418$3,945$3,517$3,133$2,477
12 years$4,482$3,965$3,501$3,085$2,715$2,093
13 years$4,095$3,583$3,128$2,724$2,367$1,779
14 years$3,763$3,257$2,810$2,418$2,075$1,519
15 years$3,476$2,976$2,537$2,156$1,827$1,302
16 years$3,225$2,730$2,300$1,931$1,615$1,120
17 years$3,004$2,514$2,093$1,735$1,432$966
18 years$2,808$2,323$1,911$1,563$1,273$835
19 years$2,632$2,153$1,749$1,413$1,135$723
20 years$2,474$2,001$1,606$1,279$1,014$627
21 years$2,332$1,864$1,477$1,161$907$545
22 years$2,202$1,740$1,361$1,056$813$474
23 years$2,084$1,627$1,257$962$730$413
24 years$1,976$1,525$1,162$877$656$360
25 years$1,877$1,431$1,076$801$590$314
26 years$1,785$1,345$998$732$532$274
27 years$1,701$1,265$927$670$479$239
28 years$1,623$1,192$862$614$433$209
29 years$1,550$1,125$802$563$391$183
30 years$1,482$1,062$747$517$353$160
31 years$1,419$1,004$696$475$319$140
32 years$1,359$950$650$436$289$123
33 years$1,304$900$607$401$261$107
34 years$1,252$853$567$369$236$94
35 years$1,202$809$530$340$214$82
36 years$1,156$768$496$313$194$72
37 years$1,113$729$464$288$176$63
38 years$1,071$693$435$266$159$55
39 years$1,032$659$407$245$145$49
40 years$995$627$382$226$131$43
41 years$960$597$358$209$119$37
42 years$927$568$336$192$108$33
43 years$895$542$315$178$98$29
44 years$865$516$296$164$89$25
45 years$836$492$278$151$81$22
46 years$809$470$261$140$73$19
47 years$783$448$245$129$67$17
48 years$758$428$230$119$60$15
49 years$734$409$216$110$55$13
50 years$711$390$203$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $728,000, adding $3,882 every year, while hoping to spend $38,567 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: 38/46/16 Blend
64$728,000$728,000$728,000$728,000
65$806,260$767,676$756,392$832,874
66$847,464$764,257$740,696$848,886
67$891,578$759,378$723,182$862,194
68$938,858$752,927$703,748$875,756
69$989,585$744,784$682,287$889,612
70$1,044,068$734,824$658,689$903,813
71$1,102,644$722,912$632,837$918,417
72$1,165,686$708,907$604,609$933,492
73$1,233,602$692,659$573,879$949,114
74$1,306,839$674,009$540,513$965,373
75$1,385,889$652,788$504,373$982,370
76$1,471,294$628,818$465,314$1,000,223
77$1,563,647$601,912$423,183$1,019,064
78$1,663,602$571,869$377,823$1,039,045
79$1,771,877$538,478$329,068$1,060,337
80$1,889,262$501,517$276,745$1,083,135
81$2,016,625$460,749$220,674$1,107,658
82$2,154,920$415,926$160,666$1,134,156
83$2,305,199$366,783$96,525$1,162,908
84$2,468,616$313,042$28,045$1,194,231
85$2,646,442$254,408$0$1,228,478
86$2,840,077$190,572$0$1,273,738
87$3,051,058$121,204$0$1,328,378
88$3,281,081$45,957$0$1,388,149
89$3,532,009$0$0$1,453,652
90$3,805,893$0$0$1,543,548
91$4,104,992$0$0$1,667,217
92$4,431,793$0$0$1,802,437
93$4,789,033$0$0$1,950,352
94$5,179,725$0$0$2,112,222
95$5,607,187$0$0$2,289,436
96$6,075,072$0$0$2,483,521
97$6,587,405$0$0$2,696,160
98$7,148,614$0$0$2,929,207
99$7,763,580$0$0$3,184,703
100$8,437,676$0$0$3,464,897