Can I retire at age 65 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$62,925$62,365$61,818$61,284$60,763$59,634
2 years$31,151$30,571$30,009$29,464$28,935$27,801
3 years$20,561$19,978$19,418$18,878$18,357$17,255
4 years$15,267$14,686$14,131$13,600$13,093$12,030
5 years$12,092$11,514$10,966$10,446$9,953$8,933
6 years$9,975$9,402$8,862$8,354$7,875$6,899
7 years$8,464$7,896$7,365$6,868$6,405$5,472
8 years$7,331$6,768$6,246$5,762$5,313$4,425
9 years$6,451$5,893$5,380$4,908$4,475$3,629
10 years$5,747$5,194$4,690$4,230$3,813$3,010
11 years$5,171$4,624$4,129$3,682$3,279$2,518
12 years$4,692$4,151$3,664$3,229$2,841$2,121
13 years$4,286$3,751$3,274$2,851$2,478$1,796
14 years$3,939$3,409$2,942$2,531$2,172$1,529
15 years$3,639$3,115$2,656$2,257$1,912$1,306
16 years$3,376$2,858$2,408$2,021$1,690$1,119
17 years$3,144$2,632$2,191$1,816$1,499$962
18 years$2,939$2,432$2,000$1,636$1,333$828
19 years$2,755$2,254$1,831$1,479$1,188$715
20 years$2,590$2,094$1,680$1,339$1,061$618
21 years$2,441$1,951$1,546$1,215$949$535
22 years$2,305$1,821$1,425$1,105$851$463
23 years$2,181$1,703$1,315$1,006$764$402
24 years$2,068$1,596$1,217$918$687$349
25 years$1,965$1,497$1,127$838$618$303
26 years$1,869$1,407$1,045$766$557$264
27 years$1,780$1,325$970$702$502$229
28 years$1,698$1,248$902$643$453$200
29 years$1,622$1,177$839$589$409$174
30 years$1,551$1,112$782$541$369$151
31 years$1,485$1,051$729$497$334$132
32 years$1,423$995$680$457$302$115
33 years$1,365$942$635$420$273$100
34 years$1,310$893$593$386$248$87
35 years$1,259$847$555$356$224$76
36 years$1,210$804$519$328$203$67
37 years$1,165$763$486$302$184$58
38 years$1,121$725$455$278$167$51
39 years$1,080$690$426$256$151$44
40 years$1,042$656$399$237$137$39
41 years$1,005$625$375$218$125$34
42 years$970$595$351$201$113$29
43 years$937$567$330$186$103$26
44 years$905$540$309$172$93$22
45 years$875$515$291$159$85$20
46 years$847$492$273$146$77$17
47 years$819$469$256$135$70$15
48 years$793$448$241$125$63$13
49 years$768$428$226$116$57$11
50 years$744$409$213$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $762,000, adding $2,603 every year, while hoping to spend $30,323 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: 38/46/16 Blend
64$762,000$762,000$762,000$762,000
65$842,409$802,023$790,212$870,266
66$896,071$809,059$784,421$897,504
67$954,191$815,423$777,419$923,824
68$1,017,190$821,050$769,135$951,621
69$1,085,534$825,873$759,491$981,045
70$1,159,734$829,816$748,409$1,012,261
71$1,240,352$832,801$735,806$1,045,454
72$1,328,005$834,746$721,593$1,080,827
73$1,423,376$835,563$705,680$1,118,609
74$1,527,211$835,156$687,972$1,159,051
75$1,640,335$833,428$668,367$1,202,433
76$1,763,654$830,271$646,763$1,249,068
77$1,898,166$825,573$623,048$1,299,300
78$2,044,969$819,216$597,110$1,353,514
79$2,205,271$811,073$568,828$1,412,134
80$2,380,403$801,009$538,078$1,475,633
81$2,571,829$788,884$504,729$1,544,534
82$2,781,163$774,546$468,645$1,619,417
83$3,010,179$757,837$429,682$1,700,925
84$3,260,833$738,587$387,692$1,789,772
85$3,535,278$716,617$342,520$1,886,746
86$3,835,884$691,739$294,002$1,992,722
87$4,165,262$663,753$241,969$2,108,669
88$4,526,288$632,445$186,244$2,235,660
89$4,922,127$597,593$126,641$2,374,883
90$5,356,268$558,959$62,967$2,527,650
91$5,832,552$516,293$0$2,695,418
92$6,355,210$469,329$0$2,880,645
93$6,928,903$417,788$0$3,095,790
94$7,558,765$361,373$0$3,332,096
95$8,250,450$299,772$0$3,591,783
96$9,010,190$232,654$0$3,877,298
97$9,844,846$159,671$0$4,191,347
98$10,761,979$80,453$0$4,536,917
99$11,769,917$0$0$4,917,309
100$12,877,837$0$0$5,338,894