Can I retire at age 65 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$62,265$61,710$61,169$60,641$60,125$59,374
2 years$30,824$30,250$29,694$29,154$28,631$27,875
3 years$20,345$19,769$19,214$18,679$18,165$17,427
4 years$15,107$14,532$13,983$13,457$12,955$12,243
5 years$11,965$11,393$10,851$10,337$9,848$9,162
6 years$9,871$9,304$8,769$8,266$7,793$7,134
7 years$8,375$7,813$7,287$6,796$6,338$5,706
8 years$7,254$6,697$6,180$5,701$5,258$4,654
9 years$6,383$5,831$5,323$4,856$4,428$3,852
10 years$5,686$5,140$4,641$4,186$3,773$3,223
11 years$5,117$4,576$4,086$3,643$3,245$2,722
12 years$4,642$4,107$3,626$3,195$2,812$2,315
13 years$4,241$3,711$3,240$2,821$2,452$1,980
14 years$3,898$3,374$2,911$2,504$2,149$1,702
15 years$3,600$3,082$2,628$2,233$1,892$1,469
16 years$3,341$2,828$2,383$2,000$1,672$1,272
17 years$3,111$2,604$2,168$1,797$1,483$1,105
18 years$2,908$2,406$1,979$1,619$1,319$962
19 years$2,726$2,230$1,812$1,463$1,175$839
20 years$2,563$2,072$1,663$1,325$1,050$733
21 years$2,415$1,930$1,530$1,203$939$642
22 years$2,281$1,802$1,410$1,093$842$563
23 years$2,159$1,685$1,302$996$756$494
24 years$2,047$1,579$1,204$908$679$434
25 years$1,944$1,482$1,115$829$611$382
26 years$1,849$1,393$1,034$758$551$336
27 years$1,762$1,311$960$694$496$296
28 years$1,681$1,235$893$636$448$260
29 years$1,605$1,165$831$583$405$230
30 years$1,535$1,100$774$535$366$203
31 years$1,469$1,040$721$492$330$179
32 years$1,408$984$673$452$299$158
33 years$1,350$932$628$415$271$139
34 years$1,296$883$587$382$245$123
35 years$1,245$838$549$352$222$109
36 years$1,198$795$514$324$201$96
37 years$1,152$755$481$299$182$85
38 years$1,110$718$450$275$165$75
39 years$1,069$683$422$254$150$66
40 years$1,031$649$395$234$136$59
41 years$994$618$371$216$123$52
42 years$960$589$348$199$112$46
43 years$927$561$326$184$101$40
44 years$896$535$306$170$92$36
45 years$866$510$288$157$84$32
46 years$838$486$270$145$76$28
47 years$811$464$254$134$69$25
48 years$785$443$238$124$63$22
49 years$760$423$224$114$57$19
50 years$736$404$211$106$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $754,000, adding $3,985 every year, while hoping to spend $54,634 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: 74/10/16 Blend
64$754,000$754,000$754,000$754,000
65$835,019$795,057$783,370$893,528
66$862,060$775,884$751,482$913,632
67$890,029$753,941$716,696$928,543
68$918,962$729,034$678,855$943,429
69$948,898$700,959$637,798$958,274
70$979,878$669,498$593,357$973,061
71$1,011,944$634,422$545,353$987,771
72$1,045,143$595,490$493,603$1,002,386
73$1,079,523$552,444$437,914$1,016,887
74$1,115,135$505,014$378,085$1,031,254
75$1,152,032$452,913$313,904$1,045,465
76$1,190,272$395,838$245,152$1,059,501
77$1,229,915$333,470$171,601$1,073,339
78$1,271,027$265,471$93,010$1,086,956
79$1,313,675$191,482$9,129$1,100,331
80$1,357,933$111,128$0$1,113,440
81$1,403,879$24,010$0$1,139,984
82$1,451,596$0$0$1,168,771
83$1,501,171$0$0$1,206,002
84$1,552,702$0$0$1,247,452
85$1,606,288$0$0$1,290,560
86$1,662,039$0$0$1,335,415
87$1,720,072$0$0$1,382,111
88$1,780,512$0$0$1,430,751
89$1,843,495$0$0$1,481,444
90$1,909,165$0$0$1,534,307
91$1,977,678$0$0$1,589,467
92$2,049,204$0$0$1,647,061
93$2,123,925$0$0$1,707,237
94$2,202,036$0$0$1,770,155
95$2,283,752$0$0$1,835,987
96$2,369,301$0$0$1,904,920
97$2,458,933$0$0$1,977,157
98$2,552,919$0$0$2,052,917
99$2,651,551$0$0$2,132,438
100$2,755,148$0$0$2,215,979