Can I retire at age 65 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$53,924$53,444$52,975$52,518$52,071$51,852
2 years$26,695$26,198$25,716$25,249$24,796$24,574
3 years$17,620$17,121$16,640$16,177$15,731$15,515
4 years$13,083$12,585$12,110$11,655$11,220$11,009
5 years$10,362$9,867$9,398$8,952$8,529$8,326
6 years$8,548$8,057$7,595$7,159$6,749$6,553
7 years$7,253$6,766$6,311$5,886$5,489$5,300
8 years$6,283$5,800$5,352$4,937$4,553$4,372
9 years$5,528$5,050$4,610$4,206$3,835$3,661
10 years$4,925$4,451$4,019$3,625$3,267$3,101
11 years$4,431$3,963$3,538$3,155$2,810$2,651
12 years$4,021$3,557$3,140$2,767$2,435$2,283
13 years$3,673$3,214$2,806$2,443$2,123$1,978
14 years$3,376$2,922$2,521$2,169$1,861$1,723
15 years$3,118$2,669$2,276$1,934$1,639$1,507
16 years$2,893$2,449$2,063$1,732$1,448$1,323
17 years$2,695$2,255$1,878$1,556$1,284$1,165
18 years$2,518$2,084$1,714$1,402$1,142$1,029
19 years$2,361$1,931$1,569$1,267$1,018$911
20 years$2,219$1,795$1,440$1,148$909$808
21 years$2,091$1,672$1,325$1,042$814$718
22 years$1,975$1,560$1,221$947$729$638
23 years$1,869$1,459$1,127$862$655$569
24 years$1,773$1,367$1,042$787$588$507
25 years$1,684$1,283$966$718$529$453
26 years$1,602$1,206$896$657$477$405
27 years$1,526$1,135$832$601$430$362
28 years$1,455$1,070$773$551$388$324
29 years$1,390$1,009$719$505$350$291
30 years$1,329$953$670$464$317$261
31 years$1,272$901$625$426$286$234
32 years$1,219$852$583$391$259$210
33 years$1,169$807$544$360$234$188
34 years$1,123$765$508$331$212$169
35 years$1,079$726$475$305$192$152
36 years$1,037$689$445$281$174$136
37 years$998$654$416$259$158$123
38 years$961$622$390$238$143$110
39 years$926$591$365$220$130$99
40 years$893$562$342$203$118$89
41 years$861$535$321$187$107$80
42 years$831$510$301$173$97$72
43 years$803$486$283$159$88$65
44 years$776$463$265$147$80$58
45 years$750$442$249$136$72$53
46 years$725$421$234$126$66$47
47 years$702$402$220$116$60$43
48 years$680$384$206$107$54$38
49 years$658$366$194$99$49$35
50 years$638$350$182$92$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $653,000, adding $4,546 every year, while hoping to spend $25,043 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: 57/25/18 Blend
64$653,000$653,000$653,000$653,000
65$724,295$689,686$679,565$761,890
66$771,528$696,835$675,685$795,106
67$822,739$703,495$670,835$828,183
68$878,307$709,616$664,957$863,665
69$938,651$715,143$657,990$901,791
70$1,004,229$720,021$649,868$942,822
71$1,075,545$724,186$640,523$987,045
72$1,153,155$727,576$629,885$1,034,780
73$1,237,671$730,121$617,880$1,086,379
74$1,329,764$731,748$604,430$1,142,231
75$1,430,175$732,379$589,454$1,202,765
76$1,539,719$731,931$572,866$1,268,455
77$1,659,291$730,317$554,578$1,339,825
78$1,789,880$727,443$534,497$1,417,454
79$1,932,570$723,211$512,526$1,501,979
80$2,088,559$717,515$488,562$1,594,106
81$2,259,163$710,244$462,500$1,694,613
82$2,445,832$701,280$434,228$1,804,360
83$2,650,162$690,499$403,630$1,924,294
84$2,873,913$677,767$370,586$2,055,463
85$3,119,019$662,945$334,967$2,199,022
86$3,387,613$645,883$296,643$2,356,249
87$3,682,042$626,424$255,473$2,528,549
88$4,004,894$604,402$211,315$2,717,478
89$4,359,016$579,641$164,017$2,924,751
90$4,747,545$551,953$113,421$3,152,259
91$5,173,938$521,142$59,364$3,402,092
92$5,642,000$486,998$1,673$3,676,553
93$6,155,925$449,302$0$3,978,186
94$6,720,331$407,819$0$4,321,299
95$7,340,306$362,304$0$4,698,575
96$8,021,455$312,495$0$5,113,143
97$8,769,954$258,117$0$5,568,811
98$9,592,604$198,879$0$6,069,775
99$10,496,900$134,475$0$6,620,661
100$11,491,098$64,579$0$7,226,570