Can I retire at age 65 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$61,026$60,482$59,952$59,434$58,929$58,533
2 years$30,211$29,648$29,103$28,574$28,061$27,662
3 years$19,941$19,375$18,832$18,308$17,803$17,413
4 years$14,806$14,243$13,705$13,190$12,697$12,319
5 years$11,727$11,167$10,635$10,131$9,652$9,287
6 years$9,674$9,118$8,595$8,102$7,638$7,286
7 years$8,209$7,658$7,142$6,661$6,211$5,874
8 years$7,110$6,564$6,057$5,588$5,153$4,829
9 years$6,256$5,715$5,217$4,759$4,340$4,029
10 years$5,573$5,038$4,548$4,103$3,698$3,401
11 years$5,015$4,485$4,004$3,571$3,180$2,896
12 years$4,550$4,025$3,554$3,132$2,756$2,485
13 years$4,157$3,638$3,175$2,765$2,403$2,145
14 years$3,820$3,307$2,853$2,454$2,106$1,861
15 years$3,529$3,021$2,576$2,189$1,855$1,621
16 years$3,274$2,771$2,335$1,960$1,639$1,418
17 years$3,049$2,552$2,125$1,761$1,453$1,243
18 years$2,850$2,358$1,940$1,587$1,292$1,093
19 years$2,672$2,186$1,776$1,434$1,152$964
20 years$2,512$2,031$1,630$1,299$1,029$851
21 years$2,367$1,892$1,499$1,179$921$753
22 years$2,235$1,766$1,382$1,072$825$667
23 years$2,116$1,652$1,276$976$741$591
24 years$2,006$1,548$1,180$890$666$525
25 years$1,905$1,452$1,093$813$599$467
26 years$1,812$1,365$1,013$743$540$415
27 years$1,727$1,285$941$680$487$370
28 years$1,647$1,210$875$623$439$329
29 years$1,573$1,142$814$572$396$294
30 years$1,504$1,078$758$525$358$262
31 years$1,440$1,019$707$482$324$234
32 years$1,380$965$660$443$293$209
33 years$1,323$913$616$407$265$187
34 years$1,270$866$575$375$240$167
35 years$1,221$821$538$345$217$149
36 years$1,174$779$503$318$197$133
37 years$1,129$740$471$293$179$119
38 years$1,088$704$441$270$162$107
39 years$1,048$669$413$249$147$95
40 years$1,010$636$387$229$133$85
41 years$975$606$363$212$121$76
42 years$941$577$341$195$110$68
43 years$909$550$320$180$99$61
44 years$878$524$300$167$90$55
45 years$849$500$282$154$82$49
46 years$821$477$265$142$74$44
47 years$794$455$249$131$68$39
48 years$769$434$234$121$61$35
49 years$745$415$220$112$56$32
50 years$722$396$206$104$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $739,000, adding $2,106 every year, while hoping to spend $57,688 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: 39/40/21 Blend
64$739,000$739,000$739,000$739,000
65$816,550$777,383$765,929$843,216
66$838,459$754,096$730,208$839,329
67$860,669$727,733$691,357$829,509
68$883,149$698,085$649,210$817,715
69$905,866$664,926$603,594$803,801
70$928,778$628,021$554,328$787,611
71$951,838$587,119$501,222$768,979
72$974,992$541,954$444,080$747,727
73$998,179$492,248$382,695$723,668
74$1,021,329$437,704$316,851$696,600
75$1,044,363$378,009$246,323$666,308
76$1,067,189$312,833$170,876$632,566
77$1,089,708$241,827$90,266$595,130
78$1,111,804$164,623$4,236$553,741
79$1,133,348$80,830$0$508,121
80$1,154,197$0$0$477,599
81$1,174,187$0$0$448,910
82$1,193,138$0$0$455,299
83$1,210,845$0$0$461,099
84$1,227,084$0$0$466,210
85$1,241,599$0$0$470,521
86$1,254,110$0$0$473,911
87$1,264,302$0$0$476,241
88$1,271,825$0$0$477,360
89$1,276,290$0$0$477,097
90$1,277,265$0$0$475,266
91$1,274,269$0$0$471,658
92$1,266,769$0$0$466,041
93$1,254,174$0$0$458,159
94$1,235,827$0$0$447,726
95$1,211,002$0$0$434,429
96$1,178,891$0$0$417,919
97$1,138,603$0$0$397,808
98$1,089,148$0$0$373,670
99$1,029,433$0$0$345,032
100$958,247$0$0$311,369