Can I retire at age 65 with 655,000?

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 $655,000?

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$54,089$53,607$53,137$52,679$52,231$52,011
2 years$26,777$26,278$25,795$25,326$24,872$24,650
3 years$17,674$17,173$16,691$16,227$15,780$15,562
4 years$13,123$12,624$12,147$11,690$11,254$11,043
5 years$10,394$9,897$9,426$8,979$8,555$8,351
6 years$8,575$8,082$7,618$7,181$6,769$6,573
7 years$7,276$6,787$6,331$5,904$5,505$5,316
8 years$6,302$5,818$5,369$4,953$4,567$4,386
9 years$5,545$5,066$4,624$4,218$3,846$3,672
10 years$4,940$4,465$4,031$3,636$3,277$3,110
11 years$4,445$3,975$3,549$3,165$2,819$2,659
12 years$4,033$3,568$3,150$2,776$2,442$2,290
13 years$3,684$3,224$2,814$2,451$2,130$1,984
14 years$3,386$2,931$2,529$2,175$1,867$1,728
15 years$3,128$2,677$2,283$1,940$1,644$1,512
16 years$2,902$2,456$2,070$1,737$1,453$1,327
17 years$2,703$2,262$1,883$1,561$1,288$1,169
18 years$2,526$2,090$1,719$1,407$1,145$1,032
19 years$2,368$1,937$1,574$1,271$1,021$913
20 years$2,226$1,800$1,445$1,151$912$810
21 years$2,098$1,677$1,329$1,045$816$720
22 years$1,981$1,565$1,225$950$731$640
23 years$1,875$1,464$1,131$865$657$571
24 years$1,778$1,372$1,046$789$590$509
25 years$1,689$1,287$969$721$531$455
26 years$1,606$1,210$898$659$478$406
27 years$1,530$1,139$834$603$431$364
28 years$1,460$1,073$775$553$389$325
29 years$1,394$1,012$722$507$351$292
30 years$1,333$956$672$465$318$261
31 years$1,276$904$627$427$287$234
32 years$1,223$855$585$392$260$210
33 years$1,173$810$546$361$235$189
34 years$1,126$767$510$332$213$170
35 years$1,082$728$477$306$193$152
36 years$1,040$691$446$282$175$137
37 years$1,001$656$418$259$158$123
38 years$964$624$391$239$143$111
39 years$929$593$366$220$130$99
40 years$895$564$343$203$118$89
41 years$864$537$322$188$107$80
42 years$834$511$302$173$97$72
43 years$805$487$283$160$88$65
44 years$778$464$266$148$80$59
45 years$752$443$250$136$73$53
46 years$728$423$235$126$66$47
47 years$704$403$220$116$60$43
48 years$682$385$207$107$54$38
49 years$660$368$195$99$49$35
50 years$640$351$183$92$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $655,000, adding $5,691 every year, while hoping to spend $24,354 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: 27/49/24 Blend
64$655,000$655,000$655,000$655,000
65$727,680$692,965$682,813$741,720
66$775,991$701,008$679,775$761,369
67$828,414$708,629$675,818$779,951
68$885,341$715,781$670,888$799,393
69$947,207$722,415$664,923$819,783
70$1,014,487$728,478$657,863$841,220
71$1,087,706$733,915$649,642$863,816
72$1,167,439$738,664$640,193$887,694
73$1,254,323$742,664$629,444$912,994
74$1,349,054$745,845$617,321$939,868
75$1,452,402$748,135$603,746$968,491
76$1,565,212$749,459$588,637$999,054
77$1,688,416$749,735$571,908$1,031,771
78$1,823,039$748,876$553,471$1,066,880
79$1,970,209$746,791$533,233$1,104,648
80$2,131,168$743,382$511,094$1,145,369
81$2,307,286$738,546$486,954$1,189,373
82$2,500,068$732,174$460,706$1,237,024
83$2,711,172$724,148$432,237$1,288,730
84$2,942,427$714,346$401,432$1,344,941
85$3,195,843$702,638$368,169$1,406,158
86$3,473,636$688,884$332,319$1,472,939
87$3,778,246$672,939$293,751$1,545,900
88$4,112,361$654,646$252,326$1,625,728
89$4,478,941$633,843$207,897$1,713,184
90$4,881,246$610,354$160,315$1,809,109
91$5,322,867$583,996$109,420$1,914,439
92$5,807,762$554,575$55,048$2,030,211
93$6,340,288$521,883$0$2,157,572
94$6,925,246$485,704$0$2,298,557
95$7,567,925$445,807$0$2,468,906
96$8,274,150$401,948$0$2,656,114
97$9,050,341$353,871$0$2,861,960
98$9,903,568$301,303$0$3,088,406
99$10,841,622$243,957$0$3,337,624
100$11,873,086$181,530$0$3,612,009