Can I retire at age 65 with 758,000?

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 $758,000?

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$62,595$62,037$61,493$60,962$60,444$59,738
2 years$30,988$30,410$29,851$29,309$28,783$28,072
3 years$20,453$19,874$19,316$18,778$18,261$17,568
4 years$15,187$14,609$14,057$13,529$13,024$12,354
5 years$12,028$11,454$10,909$10,391$9,901$9,255
6 years$9,923$9,353$8,816$8,310$7,834$7,214
7 years$8,420$7,855$7,326$6,832$6,371$5,777
8 years$7,293$6,733$6,213$5,731$5,285$4,717
9 years$6,417$5,862$5,351$4,882$4,451$3,908
10 years$5,717$5,167$4,665$4,208$3,793$3,275
11 years$5,144$4,600$4,107$3,662$3,262$2,769
12 years$4,667$4,129$3,645$3,212$2,827$2,358
13 years$4,264$3,731$3,257$2,836$2,465$2,019
14 years$3,919$3,392$2,926$2,518$2,161$1,738
15 years$3,620$3,098$2,642$2,245$1,902$1,502
16 years$3,358$2,843$2,395$2,010$1,681$1,303
17 years$3,128$2,618$2,180$1,806$1,491$1,133
18 years$2,923$2,419$1,990$1,628$1,326$988
19 years$2,741$2,242$1,821$1,471$1,181$863
20 years$2,576$2,083$1,672$1,332$1,055$755
21 years$2,428$1,941$1,538$1,209$944$662
22 years$2,293$1,811$1,417$1,099$847$581
23 years$2,170$1,694$1,308$1,001$760$511
24 years$2,058$1,587$1,210$913$683$450
25 years$1,954$1,490$1,121$834$615$396
26 years$1,859$1,400$1,040$762$554$349
27 years$1,771$1,318$965$698$499$308
28 years$1,689$1,242$897$639$450$272
29 years$1,614$1,171$835$586$407$240
30 years$1,543$1,106$778$538$367$212
31 years$1,477$1,046$725$494$332$187
32 years$1,415$989$677$454$301$166
33 years$1,357$937$632$418$272$146
34 years$1,303$888$590$384$246$129
35 years$1,252$842$552$354$223$115
36 years$1,204$799$516$326$202$101
37 years$1,158$759$483$300$183$90
38 years$1,115$722$452$277$166$79
39 years$1,075$686$424$255$151$70
40 years$1,036$653$397$235$137$62
41 years$1,000$621$373$217$124$55
42 years$965$592$349$200$112$49
43 years$932$564$328$185$102$43
44 years$901$538$308$171$93$38
45 years$871$513$289$158$84$34
46 years$842$489$271$146$76$30
47 years$815$467$255$135$69$27
48 years$789$445$240$124$63$24
49 years$764$425$225$115$57$21
50 years$740$406$212$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $758,000, adding $6,795 every year, while hoping to spend $56,515 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: 62/18/20 Blend
64$758,000$758,000$758,000$758,000
65$842,325$802,151$790,402$889,796
66$868,111$781,325$756,749$901,814
67$894,632$757,584$720,074$908,020
68$921,905$730,726$680,217$913,498
69$949,945$700,537$637,010$918,183
70$978,766$666,790$590,276$922,007
71$1,008,382$629,244$539,832$924,894
72$1,038,807$587,648$485,487$926,769
73$1,070,054$541,731$427,039$927,546
74$1,102,134$491,211$364,280$927,139
75$1,135,060$435,788$296,991$925,453
76$1,168,839$375,145$224,944$922,387
77$1,203,482$308,948$147,901$917,835
78$1,238,993$236,843$65,612$911,684
79$1,275,379$158,457$0$903,813
80$1,312,641$73,395$0$898,831
81$1,350,780$0$0$907,115
82$1,389,793$0$0$918,277
83$1,429,675$0$0$944,540
84$1,470,415$0$0$971,359
85$1,512,000$0$0$998,723
86$1,554,412$0$0$1,026,619
87$1,597,629$0$0$1,055,031
88$1,641,620$0$0$1,083,937
89$1,686,351$0$0$1,113,312
90$1,731,779$0$0$1,143,126
91$1,777,854$0$0$1,173,343
92$1,824,515$0$0$1,203,921
93$1,871,694$0$0$1,234,811
94$1,919,308$0$0$1,265,957
95$1,967,266$0$0$1,297,294
96$2,015,459$0$0$1,328,746
97$2,063,765$0$0$1,360,229
98$2,112,044$0$0$1,391,646
99$2,160,137$0$0$1,422,887
100$2,207,865$0$0$1,453,827