Can I retire at age 65 with 744,000?

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 $744,000?

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$61,439$60,892$60,358$59,836$59,328$58,345
2 years$30,415$29,849$29,300$28,768$28,251$27,264
3 years$20,075$19,507$18,959$18,432$17,924$16,963
4 years$14,907$14,339$13,797$13,279$12,783$11,856
5 years$11,806$11,242$10,707$10,200$9,718$8,827
6 years$9,740$9,180$8,653$8,157$7,689$6,836
7 years$8,264$7,709$7,191$6,706$6,253$5,437
8 years$7,158$6,608$6,098$5,626$5,188$4,409
9 years$6,298$5,754$5,252$4,792$4,369$3,627
10 years$5,611$5,072$4,579$4,130$3,723$3,017
11 years$5,049$4,515$4,031$3,595$3,202$2,532
12 years$4,581$4,052$3,578$3,153$2,774$2,139
13 years$4,185$3,662$3,197$2,784$2,419$1,818
14 years$3,846$3,329$2,872$2,471$2,121$1,553
15 years$3,553$3,041$2,593$2,204$1,867$1,331
16 years$3,296$2,790$2,351$1,973$1,650$1,144
17 years$3,070$2,570$2,139$1,773$1,463$987
18 years$2,869$2,374$1,953$1,598$1,301$853
19 years$2,690$2,201$1,788$1,444$1,160$739
20 years$2,529$2,045$1,641$1,308$1,036$641
21 years$2,383$1,905$1,509$1,187$927$557
22 years$2,251$1,778$1,391$1,079$831$484
23 years$2,130$1,663$1,284$983$746$422
24 years$2,020$1,558$1,188$896$670$368
25 years$1,918$1,462$1,100$818$603$321
26 years$1,825$1,374$1,020$748$543$280
27 years$1,738$1,293$947$685$490$245
28 years$1,658$1,219$881$628$442$214
29 years$1,584$1,150$820$576$399$187
30 years$1,514$1,086$763$528$361$164
31 years$1,450$1,026$712$485$326$143
32 years$1,389$971$664$446$295$125
33 years$1,332$920$620$410$267$110
34 years$1,279$872$579$377$242$96
35 years$1,229$827$542$347$219$84
36 years$1,182$785$507$320$198$74
37 years$1,137$745$474$295$180$65
38 years$1,095$708$444$272$163$57
39 years$1,055$674$416$250$148$50
40 years$1,017$641$390$231$134$43
41 years$981$610$366$213$122$38
42 years$947$581$343$197$110$33
43 years$915$553$322$182$100$29
44 years$884$528$302$168$91$26
45 years$855$503$284$155$83$23
46 years$827$480$266$143$75$20
47 years$800$458$250$132$68$17
48 years$774$437$235$122$62$15
49 years$750$418$221$113$56$13
50 years$726$399$208$104$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $744,000, adding $2,065 every year, while hoping to spend $39,272 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: 67/26/7 Blend
64$744,000$744,000$744,000$744,000
65$822,018$782,586$771,054$875,976
66$864,079$779,148$755,099$908,602
67$909,113$774,225$737,294$939,332
68$957,384$767,703$717,534$971,877
69$1,009,178$759,460$695,712$1,006,409
70$1,064,810$749,370$671,714$1,043,116
71$1,124,626$737,295$645,423$1,082,210
72$1,189,007$723,091$616,713$1,123,922
73$1,258,369$706,606$585,456$1,168,510
74$1,333,171$687,678$551,517$1,216,258
75$1,413,915$666,135$514,754$1,267,480
76$1,501,156$641,797$475,020$1,322,526
77$1,595,500$614,471$432,159$1,381,780
78$1,697,616$583,955$386,011$1,445,669
79$1,808,238$550,034$336,408$1,514,665
80$1,928,174$512,482$283,173$1,589,289
81$2,058,311$471,057$226,123$1,670,119
82$2,199,626$425,506$165,065$1,757,792
83$2,353,194$375,561$99,801$1,853,014
84$2,520,195$320,940$30,120$1,956,565
85$2,701,931$261,341$0$2,069,308
86$2,899,830$196,449$0$2,195,501
87$3,115,468$125,931$0$2,335,509
88$3,350,576$49,432$0$2,488,263
89$3,607,062$0$0$2,655,068
90$3,887,023$0$0$2,846,929
91$4,192,769$0$0$3,071,948
92$4,526,843$0$0$3,317,861
93$4,892,044$0$0$3,586,732
94$5,291,456$0$0$3,880,838
95$5,728,470$0$0$4,202,682
96$6,206,825$0$0$4,555,024
97$6,730,634$0$0$4,940,900
98$7,304,429$0$0$5,363,656
99$7,933,201$0$0$5,826,974
100$8,622,444$0$0$6,334,911