Can I retire at age 65 with 651,000?

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 $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%14.1%
1 years$53,759$53,280$52,813$52,357$51,912$51,031
2 years$26,613$26,118$25,637$25,172$24,720$23,835
3 years$17,566$17,068$16,589$16,128$15,683$14,822
4 years$13,043$12,547$12,073$11,619$11,185$10,355
5 years$10,330$9,837$9,369$8,925$8,503$7,705
6 years$8,522$8,033$7,571$7,137$6,728$5,964
7 years$7,231$6,746$6,292$5,868$5,472$4,741
8 years$6,263$5,782$5,336$4,922$4,539$3,842
9 years$5,511$5,035$4,596$4,193$3,823$3,159
10 years$4,910$4,438$4,007$3,614$3,257$2,626
11 years$4,418$3,951$3,528$3,145$2,801$2,202
12 years$4,008$3,546$3,131$2,759$2,428$1,860
13 years$3,662$3,204$2,797$2,436$2,117$1,580
14 years$3,365$2,913$2,513$2,162$1,856$1,348
15 years$3,109$2,661$2,269$1,928$1,634$1,154
16 years$2,884$2,441$2,057$1,727$1,444$992
17 years$2,686$2,248$1,872$1,551$1,280$855
18 years$2,511$2,078$1,709$1,398$1,138$738
19 years$2,354$1,925$1,564$1,263$1,015$639
20 years$2,213$1,789$1,436$1,144$906$554
21 years$2,085$1,667$1,321$1,038$811$481
22 years$1,969$1,556$1,217$944$727$418
23 years$1,864$1,455$1,124$860$653$364
24 years$1,767$1,363$1,039$784$587$317
25 years$1,678$1,279$963$716$528$276
26 years$1,597$1,202$893$655$475$241
27 years$1,521$1,132$829$599$429$210
28 years$1,451$1,066$771$549$387$184
29 years$1,386$1,006$717$504$349$160
30 years$1,325$950$668$462$316$140
31 years$1,269$898$623$424$285$123
32 years$1,216$850$581$390$258$107
33 years$1,166$805$543$359$234$94
34 years$1,119$763$507$330$211$82
35 years$1,075$723$474$304$192$72
36 years$1,034$687$443$280$174$63
37 years$995$652$415$258$157$55
38 years$958$620$389$238$143$48
39 years$923$589$364$219$129$42
40 years$890$561$341$202$117$37
41 years$859$534$320$186$106$32
42 years$829$508$300$172$97$28
43 years$800$484$282$159$88$25
44 years$773$462$264$147$80$22
45 years$748$440$248$135$72$19
46 years$723$420$233$125$66$17
47 years$700$401$219$116$60$15
48 years$677$383$206$107$54$13
49 years$656$365$193$99$49$11
50 years$636$349$182$91$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $651,000, adding $3,127 every year, while hoping to spend $31,020 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: 59/27/14 Blend
64$651,000$651,000$651,000$651,000
65$720,628$686,125$676,034$760,432
66$761,126$686,740$665,676$788,269
67$804,717$686,345$653,932$814,880
68$851,681$684,859$640,721$843,167
69$902,329$682,194$625,962$873,293
70$957,002$678,257$609,567$905,443
71$1,016,075$672,950$591,447$939,818
72$1,079,959$666,169$571,505$976,643
73$1,149,107$657,804$549,642$1,016,167
74$1,224,017$647,737$525,756$1,058,665
75$1,305,235$635,844$499,737$1,104,442
76$1,393,363$621,994$471,472$1,153,836
77$1,489,062$606,048$440,842$1,207,220
78$1,593,060$587,858$407,724$1,265,008
79$1,706,157$567,269$371,989$1,327,657
80$1,829,234$544,114$333,499$1,395,674
81$1,963,261$518,220$292,116$1,469,619
82$2,109,302$489,402$247,691$1,550,112
83$2,268,532$457,464$200,070$1,637,837
84$2,442,243$422,200$149,092$1,733,554
85$2,631,854$383,390$94,590$1,838,099
86$2,838,932$340,805$36,387$1,952,401
87$3,065,199$294,200$0$2,077,483
88$3,312,550$243,317$0$2,218,321
89$3,583,075$187,885$0$2,378,373
90$3,879,072$127,614$0$2,553,612
91$4,203,071$62,201$0$2,745,598
92$4,557,862$0$0$2,956,051
93$4,946,512$0$0$3,189,449
94$5,372,402$0$0$3,465,514
95$5,839,256$0$0$3,768,186
96$6,351,173$0$0$4,100,131
97$6,912,670$0$0$4,464,282
98$7,528,720$0$0$4,863,875
99$8,204,803$0$0$5,302,469
100$8,946,953$0$0$5,783,988