Can I retire at age 65 with 650,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$53,676$53,198$52,732$52,276$51,832$50,314
2 years$26,572$26,078$25,598$25,133$24,682$23,165
3 years$17,539$17,042$16,564$16,103$15,659$14,191
4 years$13,023$12,528$12,054$11,601$11,168$9,759
5 years$10,314$9,822$9,354$8,911$8,490$7,145
6 years$8,509$8,020$7,560$7,126$6,718$5,437
7 years$7,220$6,735$6,282$5,859$5,463$4,248
8 years$6,254$5,773$5,328$4,915$4,532$3,381
9 years$5,503$5,027$4,589$4,186$3,817$2,728
10 years$4,902$4,431$4,001$3,609$3,252$2,225
11 years$4,411$3,945$3,522$3,141$2,797$1,829
12 years$4,002$3,540$3,126$2,755$2,424$1,514
13 years$3,656$3,200$2,793$2,432$2,114$1,259
14 years$3,360$2,908$2,509$2,159$1,853$1,052
15 years$3,104$2,657$2,266$1,925$1,631$882
16 years$2,880$2,438$2,054$1,724$1,442$741
17 years$2,682$2,245$1,869$1,549$1,278$625
18 years$2,507$2,074$1,706$1,396$1,137$527
19 years$2,350$1,923$1,562$1,261$1,013$446
20 years$2,209$1,786$1,433$1,142$905$378
21 years$2,082$1,664$1,319$1,037$810$320
22 years$1,966$1,553$1,215$943$726$272
23 years$1,861$1,453$1,122$858$652$231
24 years$1,764$1,361$1,038$783$586$196
25 years$1,676$1,277$961$715$527$167
26 years$1,594$1,201$891$654$475$142
27 years$1,519$1,130$828$598$428$121
28 years$1,449$1,065$769$548$386$103
29 years$1,384$1,004$716$503$349$88
30 years$1,323$949$667$461$315$75
31 years$1,267$897$622$424$285$64
32 years$1,214$848$580$390$258$54
33 years$1,164$803$542$358$233$46
34 years$1,117$762$506$330$211$39
35 years$1,074$722$473$303$191$34
36 years$1,032$686$443$279$173$29
37 years$993$651$414$257$157$24
38 years$957$619$388$237$142$21
39 years$922$588$364$219$129$18
40 years$889$560$341$202$117$15
41 years$857$533$319$186$106$13
42 years$828$508$300$172$96$11
43 years$799$484$281$159$87$9
44 years$772$461$264$146$79$8
45 years$747$440$248$135$72$7
46 years$722$419$233$125$65$6
47 years$699$400$219$115$59$5
48 years$676$382$206$107$54$4
49 years$655$365$193$99$49$4
50 years$635$348$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $650,000, adding $5,473 every year, while hoping to spend $44,881 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: 26/46/28 Blend
64$650,000$650,000$650,000$650,000
65$721,945$687,495$677,420$734,298
66$747,831$673,430$652,361$730,796
67$774,852$657,170$624,958$722,851
68$803,078$638,563$595,085$713,405
69$832,583$617,443$562,611$702,364
70$863,446$593,638$527,398$689,626
71$895,755$566,963$489,303$675,087
72$929,602$537,224$448,175$658,636
73$965,090$504,217$403,857$640,158
74$1,002,328$467,723$356,186$619,532
75$1,041,438$427,513$304,990$596,632
76$1,082,547$383,344$250,090$571,327
77$1,125,799$334,960$191,300$543,479
78$1,171,347$282,089$128,425$512,946
79$1,219,358$224,445$61,261$479,579
80$1,270,015$161,726$0$443,221
81$1,323,517$93,611$0$406,825
82$1,380,081$19,763$0$386,844
83$1,439,944$0$0$364,852
84$1,503,364$0$0$371,201
85$1,570,625$0$0$388,597
86$1,642,034$0$0$407,123
87$1,717,930$0$0$426,873
88$1,798,682$0$0$447,951
89$1,884,695$0$0$470,472
90$1,976,412$0$0$494,561
91$2,074,317$0$0$520,353
92$2,178,942$0$0$548,000
93$2,290,871$0$0$577,666
94$2,410,740$0$0$609,532
95$2,539,252$0$0$643,795
96$2,677,174$0$0$680,675
97$2,825,350$0$0$720,409
98$2,984,706$0$0$763,260
99$3,156,258$0$0$809,518
100$3,341,122$0$0$859,499