Can I retire at age 65 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$60,448$59,909$59,384$58,871$58,371$58,027
2 years$29,925$29,367$28,827$28,304$27,796$27,449
3 years$19,752$19,192$18,653$18,134$17,635$17,296
4 years$14,666$14,108$13,575$13,065$12,577$12,249
5 years$11,616$11,061$10,535$10,035$9,561$9,244
6 years$9,583$9,032$8,513$8,025$7,565$7,260
7 years$8,131$7,585$7,075$6,598$6,153$5,859
8 years$7,043$6,502$6,000$5,535$5,104$4,822
9 years$6,197$5,661$5,168$4,714$4,298$4,028
10 years$5,520$4,990$4,505$4,064$3,662$3,404
11 years$4,967$4,442$3,966$3,537$3,150$2,903
12 years$4,507$3,987$3,520$3,102$2,730$2,494
13 years$4,118$3,603$3,145$2,739$2,380$2,155
14 years$3,784$3,275$2,826$2,431$2,087$1,872
15 years$3,495$2,992$2,551$2,168$1,837$1,633
16 years$3,243$2,745$2,313$1,941$1,624$1,430
17 years$3,021$2,528$2,105$1,744$1,440$1,256
18 years$2,823$2,336$1,921$1,572$1,280$1,106
19 years$2,647$2,165$1,759$1,420$1,141$976
20 years$2,488$2,012$1,614$1,286$1,019$863
21 years$2,344$1,874$1,485$1,168$912$765
22 years$2,214$1,749$1,369$1,062$817$678
23 years$2,096$1,636$1,264$967$734$603
24 years$1,987$1,533$1,169$882$660$536
25 years$1,887$1,439$1,082$805$594$477
26 years$1,795$1,352$1,004$736$535$425
27 years$1,710$1,272$932$674$482$379
28 years$1,631$1,199$867$617$435$338
29 years$1,558$1,131$806$566$393$302
30 years$1,490$1,068$751$520$355$270
31 years$1,426$1,010$700$477$321$241
32 years$1,367$955$653$439$290$216
33 years$1,311$905$610$403$263$193
34 years$1,258$858$570$371$238$173
35 years$1,209$813$533$342$215$155
36 years$1,163$772$499$315$195$139
37 years$1,119$733$467$290$177$124
38 years$1,077$697$437$267$160$111
39 years$1,038$663$409$246$145$100
40 years$1,001$630$384$227$132$89
41 years$965$600$360$210$120$80
42 years$932$572$338$194$109$72
43 years$900$545$317$179$99$64
44 years$870$519$297$165$89$58
45 years$841$495$279$152$81$52
46 years$813$472$262$141$74$46
47 years$787$451$246$130$67$42
48 years$762$430$231$120$61$37
49 years$738$411$218$111$55$34
50 years$715$392$205$103$50$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $732,000, adding $6,709 every year, while hoping to spend $40,123 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: 50/42/8 Blend
64$732,000$732,000$732,000$732,000
65$813,584$774,788$763,442$852,249
66$853,879$770,062$746,327$874,638
67$896,940$763,760$727,294$894,114
68$943,005$755,762$706,236$914,334
69$992,338$745,941$683,041$935,378
70$1,045,228$734,163$657,594$957,337
71$1,101,990$720,286$629,772$980,311
72$1,162,971$704,158$599,448$1,004,416
73$1,228,552$685,620$566,487$1,029,779
74$1,299,152$664,503$530,752$1,056,545
75$1,375,230$640,628$492,097$1,084,877
76$1,457,290$613,805$450,368$1,114,956
77$1,545,886$583,834$405,409$1,146,987
78$1,641,628$550,503$357,051$1,181,198
79$1,745,184$513,588$305,122$1,217,845
80$1,857,290$472,851$249,441$1,257,213
81$1,978,755$428,043$189,819$1,299,624
82$2,110,469$378,897$126,059$1,345,433
83$2,253,408$325,135$57,953$1,395,039
84$2,408,649$266,460$0$1,448,886
85$2,577,375$202,559$0$1,508,729
86$2,760,886$133,104$0$1,579,223
87$2,960,615$57,744$0$1,656,050
88$3,178,137$0$0$1,739,918
89$3,415,185$0$0$1,842,650
90$3,673,669$0$0$1,983,842
91$3,955,686$0$0$2,137,963
92$4,263,550$0$0$2,306,284
93$4,599,804$0$0$2,490,208
94$4,967,249$0$0$2,691,275
95$5,368,969$0$0$2,911,184
96$5,808,358$0$0$3,151,803
97$6,289,156$0$0$3,415,192
98$6,815,478$0$0$3,703,616
99$7,391,856$0$0$4,019,572
100$8,023,284$0$0$4,365,808