Can I retire at age 65 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$61,274$60,728$60,195$59,676$59,168$58,477
2 years$30,333$29,769$29,221$28,690$28,175$27,480
3 years$20,021$19,454$18,908$18,382$17,876$17,197
4 years$14,866$14,301$13,760$13,243$12,749$12,093
5 years$11,774$11,212$10,678$10,172$9,692$9,060
6 years$9,713$9,155$8,630$8,135$7,669$7,062
7 years$8,242$7,689$7,171$6,688$6,237$5,655
8 years$7,139$6,591$6,082$5,610$5,174$4,617
9 years$6,281$5,738$5,238$4,779$4,357$3,826
10 years$5,596$5,058$4,567$4,119$3,713$3,206
11 years$5,035$4,503$4,021$3,585$3,193$2,710
12 years$4,569$4,042$3,568$3,145$2,767$2,308
13 years$4,174$3,652$3,188$2,776$2,413$1,977
14 years$3,836$3,320$2,864$2,464$2,115$1,701
15 years$3,543$3,033$2,586$2,198$1,862$1,470
16 years$3,287$2,783$2,345$1,968$1,646$1,275
17 years$3,062$2,563$2,134$1,768$1,459$1,109
18 years$2,862$2,368$1,948$1,593$1,298$967
19 years$2,683$2,195$1,783$1,440$1,157$845
20 years$2,522$2,039$1,636$1,304$1,033$739
21 years$2,376$1,900$1,505$1,184$924$648
22 years$2,245$1,773$1,387$1,076$829$569
23 years$2,124$1,658$1,281$980$744$500
24 years$2,014$1,554$1,185$894$669$440
25 years$1,913$1,458$1,097$816$602$388
26 years$1,820$1,370$1,018$746$542$342
27 years$1,734$1,290$945$683$489$301
28 years$1,654$1,215$878$626$441$266
29 years$1,580$1,147$817$574$398$235
30 years$1,510$1,083$761$527$360$207
31 years$1,446$1,024$710$484$325$183
32 years$1,385$969$662$445$294$162
33 years$1,329$917$618$409$266$143
34 years$1,276$869$578$376$241$127
35 years$1,226$825$540$346$218$112
36 years$1,178$783$505$319$198$99
37 years$1,134$743$473$294$179$88
38 years$1,092$706$443$271$163$78
39 years$1,052$672$415$250$147$69
40 years$1,014$639$389$230$134$61
41 years$979$608$365$213$121$54
42 years$945$579$342$196$110$48
43 years$912$552$321$181$100$42
44 years$882$526$301$167$91$38
45 years$852$502$283$154$82$33
46 years$824$479$266$143$75$29
47 years$798$457$250$132$68$26
48 years$772$436$235$122$62$23
49 years$748$416$221$113$56$21
50 years$724$398$207$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $742,000, adding $4,102 every year, while hoping to spend $27,053 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: 67/5/28 Blend
64$742,000$742,000$742,000$742,000
65$821,915$782,589$771,088$870,698
66$876,966$792,152$768,135$913,638
67$936,726$801,276$764,177$957,167
68$1,001,646$809,913$759,151$1,004,174
69$1,072,223$818,008$752,992$1,055,003
70$1,149,004$825,504$745,631$1,110,036
71$1,232,590$832,341$736,997$1,169,694
72$1,323,643$838,455$727,015$1,234,439
73$1,422,891$843,776$715,607$1,304,783
74$1,531,136$848,231$702,690$1,381,290
75$1,649,260$851,742$688,178$1,464,584
76$1,778,234$854,227$671,981$1,555,350
77$1,919,126$855,597$654,006$1,654,346
78$2,073,115$855,759$634,153$1,762,407
79$2,241,495$854,613$612,319$1,880,456
80$2,425,692$852,055$588,397$2,009,509
81$2,627,279$847,971$562,273$2,150,686
82$2,847,983$842,243$533,831$2,305,226
83$3,089,709$834,746$502,947$2,474,491
84$3,354,556$825,344$469,492$2,659,987
85$3,644,833$813,898$433,332$2,863,372
86$3,963,083$800,256$394,326$3,086,477
87$4,312,108$784,260$352,327$3,331,319
88$4,694,996$765,741$307,182$3,600,124
89$5,115,144$744,521$258,731$3,895,346
90$5,576,296$720,410$206,806$4,219,691
91$6,082,578$693,210$151,234$4,576,144
92$6,638,531$662,707$91,831$4,967,995
93$7,249,161$628,680$28,407$5,398,872
94$7,919,981$590,890$0$5,872,776
95$8,657,063$549,088$0$6,405,853
96$9,467,099$503,009$0$7,001,051
97$10,357,459$452,373$0$7,655,303
98$11,336,265$396,884$0$8,374,588
99$12,412,463$336,230$0$9,165,495
100$13,595,910$270,081$0$10,035,284