Can I retire at age 65 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$53,759$53,280$52,813$52,357$51,912$51,073
2 years$26,613$26,118$25,637$25,172$24,720$23,877
3 years$17,566$17,068$16,589$16,128$15,683$14,863
4 years$13,043$12,547$12,073$11,619$11,185$10,393
5 years$10,330$9,837$9,369$8,925$8,503$7,742
6 years$8,522$8,033$7,571$7,137$6,728$5,999
7 years$7,231$6,746$6,292$5,868$5,472$4,774
8 years$6,263$5,782$5,336$4,922$4,539$3,874
9 years$5,511$5,035$4,596$4,193$3,823$3,189
10 years$4,910$4,438$4,007$3,614$3,257$2,654
11 years$4,418$3,951$3,528$3,145$2,801$2,228
12 years$4,008$3,546$3,131$2,759$2,428$1,884
13 years$3,662$3,204$2,797$2,436$2,117$1,602
14 years$3,365$2,913$2,513$2,162$1,856$1,369
15 years$3,109$2,661$2,269$1,928$1,634$1,174
16 years$2,884$2,441$2,057$1,727$1,444$1,011
17 years$2,686$2,248$1,872$1,551$1,280$872
18 years$2,511$2,078$1,709$1,398$1,138$754
19 years$2,354$1,925$1,564$1,263$1,015$654
20 years$2,213$1,789$1,436$1,144$906$568
21 years$2,085$1,667$1,321$1,038$811$494
22 years$1,969$1,556$1,217$944$727$430
23 years$1,864$1,455$1,124$860$653$375
24 years$1,767$1,363$1,039$784$587$327
25 years$1,678$1,279$963$716$528$285
26 years$1,597$1,202$893$655$475$249
27 years$1,521$1,132$829$599$429$218
28 years$1,451$1,066$771$549$387$191
29 years$1,386$1,006$717$504$349$167
30 years$1,325$950$668$462$316$146
31 years$1,269$898$623$424$285$128
32 years$1,216$850$581$390$258$112
33 years$1,166$805$543$359$234$98
34 years$1,119$763$507$330$211$86
35 years$1,075$723$474$304$192$75
36 years$1,034$687$443$280$174$66
37 years$995$652$415$258$157$58
38 years$958$620$389$238$143$51
39 years$923$589$364$219$129$45
40 years$890$561$341$202$117$39
41 years$859$534$320$186$106$34
42 years$829$508$300$172$97$30
43 years$800$484$282$159$88$26
44 years$773$462$264$147$80$23
45 years$748$440$248$135$72$20
46 years$723$420$233$125$66$18
47 years$700$401$219$116$60$16
48 years$677$383$206$107$54$14
49 years$656$365$193$99$49$12
50 years$636$349$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $651,000, adding $5,397 every year, while hoping to spend $28,817 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: 70/15/15 Blend
64$651,000$651,000$651,000$651,000
65$722,969$688,466$678,376$770,727
66$766,051$691,540$670,440$806,249
67$812,561$693,798$661,273$841,142
68$862,819$695,171$650,802$878,588
69$917,176$695,584$638,953$918,833
70$976,017$694,957$625,648$962,150
71$1,039,767$693,206$610,803$1,008,841
72$1,108,891$690,241$594,333$1,059,238
73$1,183,902$685,967$576,147$1,113,708
74$1,265,365$680,284$556,153$1,172,655
75$1,353,899$673,085$534,251$1,236,526
76$1,450,187$664,256$510,338$1,305,813
77$1,554,979$653,678$484,308$1,381,060
78$1,669,102$641,222$456,047$1,462,867
79$1,793,463$626,756$425,438$1,551,895
80$1,929,064$610,134$392,358$1,648,875
81$2,077,006$591,208$356,678$1,754,613
82$2,238,499$569,816$318,266$1,869,997
83$2,414,879$545,790$276,980$1,996,008
84$2,607,613$518,949$232,676$2,133,729
85$2,818,317$489,106$185,198$2,284,352
86$3,048,773$456,060$134,390$2,449,195
87$3,300,939$419,598$80,083$2,629,710
88$3,576,974$379,497$22,105$2,827,500
89$3,879,253$335,521$0$3,044,334
90$4,210,394$287,418$0$3,288,525
91$4,573,279$234,926$0$3,560,049
92$4,971,080$177,764$0$3,857,769
93$5,407,293$115,638$0$4,184,335
94$5,885,770$48,236$0$4,542,667
95$6,410,749$0$0$4,935,984
96$6,986,902$0$0$5,371,924
97$7,619,373$0$0$5,859,252
98$8,313,831$0$0$6,394,380
99$9,076,517$0$0$6,982,120
100$9,914,310$0$0$7,627,779