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%19.6%
1 years$54,089$53,607$53,137$52,679$52,231$50,218
2 years$26,777$26,278$25,795$25,326$24,872$22,868
3 years$17,674$17,173$16,691$16,227$15,780$13,848
4 years$13,123$12,624$12,147$11,690$11,254$9,409
5 years$10,394$9,897$9,426$8,979$8,555$6,802
6 years$8,575$8,082$7,618$7,181$6,769$5,108
7 years$7,276$6,787$6,331$5,904$5,505$3,936
8 years$6,302$5,818$5,369$4,953$4,567$3,089
9 years$5,545$5,066$4,624$4,218$3,846$2,456
10 years$4,940$4,465$4,031$3,636$3,277$1,973
11 years$4,445$3,975$3,549$3,165$2,819$1,597
12 years$4,033$3,568$3,150$2,776$2,442$1,301
13 years$3,684$3,224$2,814$2,451$2,130$1,065
14 years$3,386$2,931$2,529$2,175$1,867$875
15 years$3,128$2,677$2,283$1,940$1,644$721
16 years$2,902$2,456$2,070$1,737$1,453$596
17 years$2,703$2,262$1,883$1,561$1,288$493
18 years$2,526$2,090$1,719$1,407$1,145$409
19 years$2,368$1,937$1,574$1,271$1,021$340
20 years$2,226$1,800$1,445$1,151$912$282
21 years$2,098$1,677$1,329$1,045$816$235
22 years$1,981$1,565$1,225$950$731$196
23 years$1,875$1,464$1,131$865$657$163
24 years$1,778$1,372$1,046$789$590$136
25 years$1,689$1,287$969$721$531$113
26 years$1,606$1,210$898$659$478$95
27 years$1,530$1,139$834$603$431$79
28 years$1,460$1,073$775$553$389$66
29 years$1,394$1,012$722$507$351$55
30 years$1,333$956$672$465$318$46
31 years$1,276$904$627$427$287$38
32 years$1,223$855$585$392$260$32
33 years$1,173$810$546$361$235$27
34 years$1,126$767$510$332$213$22
35 years$1,082$728$477$306$193$19
36 years$1,040$691$446$282$175$16
37 years$1,001$656$418$259$158$13
38 years$964$624$391$239$143$11
39 years$929$593$366$220$130$9
40 years$895$564$343$203$118$8
41 years$864$537$322$188$107$6
42 years$834$511$302$173$97$5
43 years$805$487$283$160$88$4
44 years$778$464$266$148$80$4
45 years$752$443$250$136$73$3
46 years$728$423$235$126$66$3
47 years$704$403$220$116$60$2
48 years$682$385$207$107$54$2
49 years$660$368$195$99$49$2
50 years$640$351$183$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $655,000, adding $2,426 every year, while hoping to spend $51,495 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: 60/18/22 Blend
64$655,000$655,000$655,000$655,000
65$724,312$689,597$679,445$763,417
66$743,402$668,597$647,416$769,225
67$762,713$644,843$612,588$769,723
68$782,213$618,143$574,814$769,124
69$801,866$588,300$533,937$767,332
70$821,629$555,099$489,797$764,241
71$841,455$518,318$442,224$759,739
72$861,287$477,720$391,043$753,705
73$881,063$433,053$336,068$746,008
74$900,712$384,053$277,106$736,508
75$920,154$330,440$213,958$725,052
76$939,296$271,919$146,413$711,478
77$958,038$208,177$74,251$695,609
78$976,264$138,883$0$677,255
79$993,845$63,691$0$656,858
80$1,010,636$0$0$652,192
81$1,026,476$0$0$649,147
82$1,041,183$0$0$657,940
83$1,054,555$0$0$665,821
84$1,066,367$0$0$672,641
85$1,076,368$0$0$678,232
86$1,084,278$0$0$682,408
87$1,089,785$0$0$684,962
88$1,092,544$0$0$685,664
89$1,092,169$0$0$684,260
90$1,088,234$0$0$680,465
91$1,080,265$0$0$673,965
92$1,067,736$0$0$664,410
93$1,050,062$0$0$651,415
94$1,026,599$0$0$634,550
95$996,630$0$0$613,341
96$959,361$0$0$587,262
97$913,915$0$0$555,730
98$859,319$0$0$518,102
99$794,498$0$0$473,665
100$718,263$0$0$421,631