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%18.5%
1 years$53,759$53,280$52,813$52,357$51,912$50,130
2 years$26,613$26,118$25,637$25,172$24,720$22,943
3 years$17,566$17,068$16,589$16,128$15,683$13,967
4 years$13,043$12,547$12,073$11,619$11,185$9,543
5 years$10,330$9,837$9,369$8,925$8,503$6,938
6 years$8,522$8,033$7,571$7,137$6,728$5,243
7 years$7,231$6,746$6,292$5,868$5,472$4,065
8 years$6,263$5,782$5,336$4,922$4,539$3,211
9 years$5,511$5,035$4,596$4,193$3,823$2,571
10 years$4,910$4,438$4,007$3,614$3,257$2,079
11 years$4,418$3,951$3,528$3,145$2,801$1,695
12 years$4,008$3,546$3,131$2,759$2,428$1,391
13 years$3,662$3,204$2,797$2,436$2,117$1,147
14 years$3,365$2,913$2,513$2,162$1,856$950
15 years$3,109$2,661$2,269$1,928$1,634$789
16 years$2,884$2,441$2,057$1,727$1,444$657
17 years$2,686$2,248$1,872$1,551$1,280$548
18 years$2,511$2,078$1,709$1,398$1,138$458
19 years$2,354$1,925$1,564$1,263$1,015$384
20 years$2,213$1,789$1,436$1,144$906$322
21 years$2,085$1,667$1,321$1,038$811$270
22 years$1,969$1,556$1,217$944$727$227
23 years$1,864$1,455$1,124$860$653$191
24 years$1,767$1,363$1,039$784$587$161
25 years$1,678$1,279$963$716$528$135
26 years$1,597$1,202$893$655$475$114
27 years$1,521$1,132$829$599$429$96
28 years$1,451$1,066$771$549$387$81
29 years$1,386$1,006$717$504$349$68
30 years$1,325$950$668$462$316$57
31 years$1,269$898$623$424$285$48
32 years$1,216$850$581$390$258$41
33 years$1,166$805$543$359$234$34
34 years$1,119$763$507$330$211$29
35 years$1,075$723$474$304$192$24
36 years$1,034$687$443$280$174$21
37 years$995$652$415$258$157$17
38 years$958$620$389$238$143$15
39 years$923$589$364$219$129$12
40 years$890$561$341$202$117$10
41 years$859$534$320$186$106$9
42 years$829$508$300$172$97$7
43 years$800$484$282$159$88$6
44 years$773$462$264$147$80$5
45 years$748$440$248$135$72$4
46 years$723$420$233$125$66$4
47 years$700$401$219$116$60$3
48 years$677$383$206$107$54$3
49 years$656$365$193$99$49$2
50 years$636$349$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $651,000, adding $6,229 every year, while hoping to spend $42,766 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: 57/35/8 Blend
64$651,000$651,000$651,000$651,000
65$723,827$689,324$679,234$763,408
66$752,155$677,598$656,485$779,065
67$781,939$663,865$631,542$790,780
68$813,282$647,980$604,284$802,498
69$846,297$629,791$574,588$814,222
70$881,107$609,138$542,324$825,959
71$917,844$585,851$507,356$837,721
72$956,655$559,748$469,544$849,520
73$997,699$530,640$428,738$861,375
74$1,041,147$498,325$384,784$873,307
75$1,087,191$462,590$337,521$885,344
76$1,136,036$423,208$286,780$897,520
77$1,187,909$379,943$232,384$909,873
78$1,243,057$332,541$174,150$922,453
79$1,301,751$280,737$111,886$935,315
80$1,364,286$224,250$45,390$948,525
81$1,430,987$162,782$0$962,163
82$1,502,209$96,020$0$978,499
83$1,578,341$23,632$0$999,732
84$1,659,811$0$0$1,022,124
85$1,747,085$0$0$1,066,912
86$1,840,678$0$0$1,124,740
87$1,941,152$0$0$1,186,861
88$2,049,125$0$0$1,253,661
89$2,165,275$0$0$1,325,565
90$2,290,348$0$0$1,403,041
91$2,425,161$0$0$1,486,600
92$2,570,613$0$0$1,576,807
93$2,727,690$0$0$1,674,279
94$2,897,478$0$0$1,779,699
95$3,081,169$0$0$1,893,812
96$3,280,072$0$0$2,017,441
97$3,495,629$0$0$2,151,490
98$3,729,425$0$0$2,296,952
99$3,983,201$0$0$2,454,921
100$4,258,873$0$0$2,626,598