Can I retire at age 65 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$61,604$61,055$60,520$59,997$59,487$58,622
2 years$30,497$29,929$29,379$28,845$28,327$27,458
3 years$20,129$19,559$19,010$18,481$17,972$17,125
4 years$14,947$14,378$13,834$13,315$12,818$12,000
5 years$11,838$11,272$10,736$10,227$9,744$8,957
6 years$9,766$9,205$8,676$8,179$7,710$6,955
7 years$8,286$7,730$7,210$6,724$6,270$5,548
8 years$7,177$6,626$6,115$5,641$5,202$4,512
9 years$6,315$5,769$5,267$4,805$4,381$3,723
10 years$5,626$5,085$4,592$4,142$3,733$3,106
11 years$5,062$4,527$4,042$3,604$3,210$2,615
12 years$4,593$4,063$3,587$3,162$2,782$2,217
13 years$4,196$3,672$3,205$2,791$2,426$1,890
14 years$3,857$3,338$2,880$2,478$2,126$1,619
15 years$3,562$3,049$2,600$2,210$1,872$1,393
16 years$3,305$2,798$2,357$1,979$1,655$1,202
17 years$3,078$2,576$2,145$1,778$1,467$1,040
18 years$2,877$2,381$1,958$1,602$1,305$902
19 years$2,697$2,206$1,793$1,448$1,163$784
20 years$2,535$2,050$1,645$1,311$1,039$683
21 years$2,389$1,910$1,513$1,190$929$596
22 years$2,257$1,783$1,395$1,082$833$520
23 years$2,136$1,667$1,288$985$748$455
24 years$2,025$1,562$1,191$899$672$398
25 years$1,923$1,466$1,103$821$605$349
26 years$1,830$1,378$1,023$750$545$305
27 years$1,743$1,297$950$687$491$268
28 years$1,663$1,222$883$629$443$235
29 years$1,588$1,153$822$577$400$206
30 years$1,519$1,089$766$530$362$181
31 years$1,454$1,029$714$486$327$159
32 years$1,393$974$666$447$296$140
33 years$1,336$922$622$411$268$123
34 years$1,283$874$581$378$242$108
35 years$1,232$829$543$348$219$95
36 years$1,185$787$508$321$199$84
37 years$1,140$747$476$295$180$74
38 years$1,098$710$445$272$163$65
39 years$1,058$675$417$251$148$57
40 years$1,020$643$391$232$134$50
41 years$984$612$367$214$122$44
42 years$950$582$344$197$111$39
43 years$917$555$323$182$100$34
44 years$886$529$303$168$91$30
45 years$857$504$284$155$83$27
46 years$829$481$267$143$75$23
47 years$802$459$251$132$68$21
48 years$776$438$236$122$62$18
49 years$752$419$222$113$56$16
50 years$728$400$208$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $746,000, adding $5,574 every year, while hoping to spend $29,843 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: 26/44/30 Blend
64$746,000$746,000$746,000$746,000
65$827,842$788,304$776,741$841,537
66$880,529$795,178$771,009$860,208
67$937,590$801,389$764,085$877,335
68$999,439$806,872$755,897$895,109
69$1,066,533$811,560$746,370$913,604
70$1,139,373$815,380$735,427$932,909
71$1,218,510$818,254$722,985$953,118
72$1,304,551$820,102$708,958$974,342
73$1,398,164$820,835$693,257$996,704
74$1,500,082$820,362$675,786$1,020,343
75$1,611,114$818,583$656,449$1,045,414
76$1,732,149$815,395$635,141$1,072,092
77$1,864,166$810,687$611,756$1,100,573
78$2,008,241$804,341$586,181$1,131,076
79$2,165,562$796,234$558,297$1,163,849
80$2,337,431$786,232$527,983$1,199,164
81$2,525,288$774,196$495,109$1,237,331
82$2,730,713$759,977$459,541$1,278,691
83$2,955,449$743,419$421,138$1,323,629
84$3,201,413$724,355$379,755$1,372,571
85$3,470,718$702,609$335,237$1,425,994
86$3,765,689$677,994$287,425$1,484,428
87$4,088,886$650,313$236,151$1,548,465
88$4,443,132$619,358$181,241$1,618,762
89$4,831,532$584,906$122,513$1,696,052
90$5,257,507$546,726$59,777$1,781,147
91$5,724,826$504,569$0$1,874,952
92$6,237,640$458,175$0$1,980,768
93$6,800,521$407,267$0$2,117,983
94$7,418,505$351,553$0$2,268,750
95$8,097,139$290,727$0$2,434,517
96$8,842,536$224,461$0$2,616,883
97$9,661,427$152,412$0$2,817,618
98$10,561,229$74,216$0$3,038,678
99$11,550,113$0$0$3,282,228
100$12,637,079$0$0$3,555,745