Can I retire at age 65 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$53,676$53,198$52,732$52,276$51,832$50,723
2 years$26,572$26,078$25,598$25,133$24,682$23,570
3 years$17,539$17,042$16,564$16,103$15,659$14,579
4 years$13,023$12,528$12,054$11,601$11,168$10,129
5 years$10,314$9,822$9,354$8,911$8,490$7,493
6 years$8,509$8,020$7,560$7,126$6,718$5,765
7 years$7,220$6,735$6,282$5,859$5,463$4,555
8 years$6,254$5,773$5,328$4,915$4,532$3,668
9 years$5,503$5,027$4,589$4,186$3,817$2,996
10 years$4,902$4,431$4,001$3,609$3,252$2,474
11 years$4,411$3,945$3,522$3,141$2,797$2,060
12 years$4,002$3,540$3,126$2,755$2,424$1,728
13 years$3,656$3,200$2,793$2,432$2,114$1,457
14 years$3,360$2,908$2,509$2,159$1,853$1,234
15 years$3,104$2,657$2,266$1,925$1,631$1,049
16 years$2,880$2,438$2,054$1,724$1,442$894
17 years$2,682$2,245$1,869$1,549$1,278$765
18 years$2,507$2,074$1,706$1,396$1,137$655
19 years$2,350$1,923$1,562$1,261$1,013$562
20 years$2,209$1,786$1,433$1,142$905$484
21 years$2,082$1,664$1,319$1,037$810$416
22 years$1,966$1,553$1,215$943$726$359
23 years$1,861$1,453$1,122$858$652$310
24 years$1,764$1,361$1,038$783$586$267
25 years$1,676$1,277$961$715$527$231
26 years$1,594$1,201$891$654$475$200
27 years$1,519$1,130$828$598$428$173
28 years$1,449$1,065$769$548$386$150
29 years$1,384$1,004$716$503$349$129
30 years$1,323$949$667$461$315$112
31 years$1,267$897$622$424$285$97
32 years$1,214$848$580$390$258$84
33 years$1,164$803$542$358$233$73
34 years$1,117$762$506$330$211$63
35 years$1,074$722$473$303$191$55
36 years$1,032$686$443$279$173$48
37 years$993$651$414$257$157$41
38 years$957$619$388$237$142$36
39 years$922$588$364$219$129$31
40 years$889$560$341$202$117$27
41 years$857$533$319$186$106$23
42 years$828$508$300$172$96$20
43 years$799$484$281$159$87$18
44 years$772$461$264$146$79$15
45 years$747$440$248$135$72$13
46 years$722$419$233$125$65$12
47 years$699$400$219$115$59$10
48 years$676$382$206$107$54$9
49 years$655$365$193$99$49$8
50 years$635$348$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $650,000, adding $2,618 every year, while hoping to spend $43,325 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$650,000$650,000$650,000$650,000
65$719,000$684,550$674,475$759,708
66$746,241$671,996$650,973$774,935
67$774,808$657,374$625,231$786,486
68$804,791$640,538$597,129$798,101
69$836,288$621,332$566,540$809,794
70$869,403$599,592$533,333$821,576
71$904,252$575,142$497,370$833,466
72$940,960$547,798$458,507$845,484
73$979,664$517,366$416,592$857,655
74$1,020,511$483,638$371,469$870,010
75$1,063,663$446,397$322,974$882,584
76$1,109,298$405,411$270,934$895,419
77$1,157,607$360,436$215,171$908,563
78$1,208,801$311,216$155,498$922,074
79$1,263,110$257,477$91,718$936,016
80$1,320,785$198,932$23,629$950,464
81$1,382,102$135,276$0$965,507
82$1,447,361$66,189$0$991,706
83$1,516,891$0$0$1,024,772
84$1,591,054$0$0$1,061,553
85$1,670,243$0$0$1,114,854
86$1,754,891$0$0$1,171,861
87$1,845,474$0$0$1,232,895
88$1,942,512$0$0$1,298,313
89$2,046,574$0$0$1,368,502
90$2,158,287$0$0$1,443,891
91$2,278,338$0$0$1,524,946
92$2,407,482$0$0$1,612,183
93$2,546,546$0$0$1,706,167
94$2,696,440$0$0$1,807,518
95$2,858,162$0$0$1,916,917
96$3,032,811$0$0$2,035,114
97$3,221,592$0$0$2,162,930
98$3,425,831$0$0$2,301,272
99$3,646,985$0$0$2,451,132
100$3,886,656$0$0$2,613,605