Can I retire at age 65 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$54,337$53,853$53,381$52,920$52,470$51,922
2 years$26,900$26,399$25,913$25,442$24,986$24,434
3 years$17,755$17,252$16,767$16,301$15,852$15,313
4 years$13,183$12,682$12,202$11,744$11,306$10,785
5 years$10,441$9,943$9,470$9,021$8,594$8,092
6 years$8,614$8,119$7,653$7,214$6,800$6,318
7 years$7,309$6,818$6,360$5,931$5,531$5,068
8 years$6,331$5,845$5,393$4,975$4,588$4,145
9 years$5,570$5,089$4,645$4,238$3,864$3,440
10 years$4,962$4,485$4,050$3,653$3,292$2,888
11 years$4,465$3,993$3,565$3,179$2,831$2,446
12 years$4,051$3,584$3,164$2,789$2,454$2,087
13 years$3,701$3,239$2,827$2,462$2,140$1,791
14 years$3,402$2,944$2,540$2,185$1,876$1,545
15 years$3,142$2,689$2,293$1,949$1,651$1,338
16 years$2,915$2,468$2,079$1,745$1,460$1,162
17 years$2,715$2,273$1,892$1,568$1,294$1,013
18 years$2,538$2,100$1,727$1,413$1,151$885
19 years$2,379$1,946$1,581$1,277$1,026$775
20 years$2,236$1,808$1,451$1,156$916$680
21 years$2,107$1,685$1,335$1,050$820$597
22 years$1,990$1,572$1,230$954$735$526
23 years$1,884$1,471$1,136$869$660$463
24 years$1,786$1,378$1,050$793$593$408
25 years$1,696$1,293$973$724$534$361
26 years$1,614$1,215$902$662$481$318
27 years$1,537$1,144$838$606$433$282
28 years$1,467$1,078$779$555$391$249
29 years$1,401$1,017$725$509$353$220
30 years$1,339$960$675$467$319$195
31 years$1,282$908$629$429$288$173
32 years$1,229$859$587$394$261$153
33 years$1,178$813$548$363$236$136
34 years$1,131$771$512$334$214$121
35 years$1,087$731$479$307$194$107
36 years$1,045$694$448$283$175$95
37 years$1,006$659$419$261$159$84
38 years$968$626$393$240$144$75
39 years$933$596$368$221$131$66
40 years$900$567$345$204$119$59
41 years$868$539$323$188$108$52
42 years$838$514$303$174$98$46
43 years$809$490$285$161$89$41
44 years$782$467$267$148$80$37
45 years$756$445$251$137$73$33
46 years$731$424$236$126$66$29
47 years$707$405$221$117$60$26
48 years$685$387$208$108$55$23
49 years$663$369$196$100$50$20
50 years$642$353$184$92$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $658,000, adding $6,890 every year, while hoping to spend $36,884 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: 45/25/30 Blend
64$658,000$658,000$658,000$658,000
65$732,223$697,349$687,150$758,555
66$767,665$692,275$670,925$772,931
67$805,487$685,716$652,921$784,469
68$845,891$677,560$633,038$796,289
69$889,101$667,690$611,174$808,439
70$935,362$655,979$587,221$820,974
71$984,941$642,295$561,065$833,958
72$1,038,135$626,497$532,590$847,463
73$1,095,265$608,435$501,672$861,573
74$1,156,686$587,953$468,183$876,381
75$1,222,788$564,883$431,987$891,997
76$1,293,998$539,048$392,944$908,541
77$1,370,786$510,261$350,908$926,153
78$1,453,668$478,325$305,725$944,988
79$1,543,210$443,031$257,234$965,224
80$1,640,035$404,157$205,269$987,059
81$1,744,827$361,470$149,655$1,010,718
82$1,858,341$314,723$90,210$1,036,453
83$1,981,402$263,655$26,742$1,064,547
84$2,114,921$207,990$0$1,095,317
85$2,259,899$147,437$0$1,142,240
86$2,417,435$81,689$0$1,202,581
87$2,588,742$10,420$0$1,268,286
88$2,775,152$0$0$1,339,925
89$2,978,129$0$0$1,436,482
90$3,199,287$0$0$1,544,882
91$3,440,401$0$0$1,663,139
92$3,703,424$0$0$1,792,219
93$3,990,507$0$0$1,933,188
94$4,304,017$0$0$2,087,217
95$4,646,558$0$0$2,255,599
96$5,021,000$0$0$2,439,753
97$5,430,501$0$0$2,641,244
98$5,878,537$0$0$2,861,795
99$6,368,938$0$0$3,103,304
100$6,905,920$0$0$3,367,859