Can I retire at age 65 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$61,852$61,301$60,763$60,239$59,726$58,664
2 years$30,620$30,049$29,497$28,961$28,441$27,375
3 years$20,210$19,638$19,086$18,556$18,044$17,007
4 years$15,007$14,436$13,890$13,368$12,869$11,869
5 years$11,885$11,318$10,779$10,268$9,783$8,822
6 years$9,805$9,242$8,711$8,211$7,741$6,821
7 years$8,320$7,761$7,239$6,751$6,295$5,417
8 years$7,206$6,653$6,139$5,663$5,223$4,385
9 years$6,341$5,792$5,288$4,824$4,398$3,601
10 years$5,649$5,106$4,610$4,158$3,748$2,990
11 years$5,083$4,545$4,059$3,619$3,223$2,504
12 years$4,612$4,080$3,602$3,174$2,793$2,112
13 years$4,213$3,687$3,218$2,802$2,436$1,791
14 years$3,872$3,351$2,891$2,488$2,135$1,526
15 years$3,577$3,061$2,611$2,219$1,880$1,306
16 years$3,318$2,809$2,367$1,986$1,661$1,121
17 years$3,091$2,587$2,154$1,785$1,473$964
18 years$2,889$2,390$1,966$1,608$1,310$832
19 years$2,708$2,215$1,800$1,453$1,167$719
20 years$2,546$2,059$1,652$1,316$1,043$622
21 years$2,399$1,917$1,519$1,195$933$539
22 years$2,266$1,790$1,400$1,086$836$468
23 years$2,144$1,674$1,293$989$751$407
24 years$2,033$1,568$1,196$902$675$354
25 years$1,931$1,472$1,108$824$607$308
26 years$1,837$1,383$1,027$753$547$268
27 years$1,750$1,302$954$690$493$234
28 years$1,669$1,227$887$632$445$204
29 years$1,594$1,157$825$579$402$178
30 years$1,525$1,093$769$532$363$155
31 years$1,459$1,033$717$488$328$135
32 years$1,399$978$669$449$297$118
33 years$1,341$926$624$413$269$103
34 years$1,288$878$583$380$243$90
35 years$1,237$832$545$350$220$79
36 years$1,190$790$510$322$200$69
37 years$1,145$750$477$297$181$60
38 years$1,102$713$447$273$164$53
39 years$1,062$678$419$252$149$46
40 years$1,024$645$393$233$135$40
41 years$988$614$368$215$122$35
42 years$954$585$345$198$111$31
43 years$921$557$324$183$101$27
44 years$890$531$304$169$92$23
45 years$860$506$286$156$83$21
46 years$832$483$268$144$75$18
47 years$805$461$252$133$68$16
48 years$779$440$237$123$62$14
49 years$755$420$223$114$56$12
50 years$731$402$209$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $749,000, adding $5,044 every year, while hoping to spend $52,239 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: 39/47/14 Blend
64$749,000$749,000$749,000$749,000
65$830,601$790,904$779,294$859,320
66$859,740$774,076$749,819$863,385
67$890,101$754,673$717,605$862,324
68$921,753$732,514$682,506$860,046
69$954,770$707,405$644,369$856,464
70$989,233$679,145$603,032$851,491
71$1,025,230$647,518$558,328$845,035
72$1,062,854$612,296$510,082$836,997
73$1,102,206$573,240$458,112$827,276
74$1,143,397$530,095$402,224$815,768
75$1,186,546$482,592$342,221$802,362
76$1,231,781$430,447$277,893$786,942
77$1,279,243$373,359$209,023$769,391
78$1,329,083$311,011$135,382$749,583
79$1,381,467$243,067$56,735$727,390
80$1,436,573$169,175$0$702,680
81$1,494,598$88,958$0$679,376
82$1,555,753$2,024$0$662,582
83$1,620,271$0$0$643,709
84$1,688,402$0$0$670,253
85$1,760,424$0$0$699,461
86$1,836,635$0$0$730,416
87$1,917,365$0$0$763,255
88$2,002,970$0$0$798,132
89$2,093,844$0$0$835,213
90$2,190,414$0$0$874,679
91$2,293,148$0$0$916,730
92$2,402,559$0$0$961,585
93$2,519,209$0$0$1,009,483
94$2,643,713$0$0$1,060,686
95$2,776,743$0$0$1,115,480
96$2,919,038$0$0$1,174,182
97$3,071,409$0$0$1,237,136
98$3,234,742$0$0$1,304,722
99$3,410,011$0$0$1,377,356
100$3,598,286$0$0$1,455,495