Can I retire at age 65 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$54,420$53,935$53,462$53,000$52,550$51,072
2 years$26,940$26,439$25,952$25,481$25,024$23,546
3 years$17,782$17,278$16,793$16,326$15,876$14,445
4 years$13,203$12,701$12,221$11,762$11,323$9,950
5 years$10,457$9,958$9,484$9,034$8,607$7,295
6 years$8,627$8,131$7,664$7,225$6,811$5,561
7 years$7,320$6,829$6,369$5,940$5,539$4,352
8 years$6,340$5,853$5,402$4,983$4,595$3,470
9 years$5,579$5,096$4,652$4,244$3,870$2,805
10 years$4,970$4,492$4,056$3,659$3,297$2,292
11 years$4,472$3,999$3,571$3,184$2,836$1,888
12 years$4,058$3,589$3,169$2,793$2,457$1,566
13 years$3,707$3,244$2,831$2,466$2,143$1,305
14 years$3,407$2,949$2,544$2,189$1,878$1,093
15 years$3,147$2,694$2,297$1,952$1,654$918
16 years$2,920$2,471$2,082$1,748$1,462$773
17 years$2,719$2,276$1,895$1,570$1,296$653
18 years$2,542$2,103$1,730$1,415$1,152$553
19 years$2,383$1,949$1,584$1,279$1,027$468
20 years$2,240$1,811$1,453$1,158$917$397
21 years$2,111$1,687$1,337$1,051$821$338
22 years$1,993$1,575$1,232$956$736$287
23 years$1,887$1,473$1,138$870$661$245
24 years$1,789$1,380$1,052$794$594$208
25 years$1,699$1,295$974$725$534$178
26 years$1,616$1,217$904$663$481$152
27 years$1,540$1,145$839$607$434$129
28 years$1,469$1,079$780$556$392$110
29 years$1,403$1,018$726$510$354$94
30 years$1,341$962$676$468$319$80
31 years$1,284$909$630$430$289$69
32 years$1,230$860$588$395$261$59
33 years$1,180$815$549$363$236$50
34 years$1,133$772$513$334$214$43
35 years$1,089$732$480$308$194$37
36 years$1,047$695$449$283$176$31
37 years$1,007$660$420$261$159$27
38 years$970$627$393$241$144$23
39 years$934$597$369$222$131$20
40 years$901$568$345$205$119$17
41 years$869$540$324$189$108$14
42 years$839$515$304$174$98$12
43 years$810$490$285$161$89$10
44 years$783$467$268$148$81$9
45 years$757$446$251$137$73$8
46 years$732$425$236$127$66$7
47 years$708$406$222$117$60$6
48 years$686$387$208$108$55$5
49 years$664$370$196$100$50$4
50 years$643$353$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $659,000, adding $4,486 every year, while hoping to spend $22,296 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: 33/48/19 Blend
64$659,000$659,000$659,000$659,000
65$730,845$695,918$685,704$750,542
66$781,669$706,296$684,952$775,904
67$836,929$716,434$683,428$800,853
68$897,055$726,298$681,082$827,273
69$962,519$735,851$677,862$855,308
70$1,033,839$745,052$673,715$885,115
71$1,111,589$753,857$668,582$916,869
72$1,196,396$762,222$662,405$950,764
73$1,288,954$770,096$655,121$987,015
74$1,390,024$777,427$646,664$1,025,860
75$1,500,446$784,160$636,966$1,067,563
76$1,621,142$790,235$625,956$1,112,415
77$1,753,131$795,589$613,558$1,160,740
78$1,897,532$800,154$599,693$1,212,896
79$2,055,577$803,859$584,280$1,269,278
80$2,228,624$806,626$567,232$1,330,326
81$2,418,169$808,376$548,459$1,396,523
82$2,625,857$809,022$527,868$1,468,409
83$2,853,503$808,471$505,359$1,546,575
84$3,103,102$806,628$480,830$1,631,680
85$3,376,854$803,389$454,174$1,724,450
86$3,677,182$798,644$425,277$1,825,689
87$4,006,753$792,276$394,023$1,936,286
88$4,368,508$784,164$360,289$2,057,224
89$4,765,683$774,175$323,946$2,189,589
90$5,201,845$762,172$284,861$2,334,582
91$5,680,923$748,008$242,893$2,493,530
92$6,207,244$731,527$197,897$2,667,901
93$6,785,576$712,565$149,719$2,859,316
94$7,421,172$690,948$98,202$3,069,565
95$8,119,817$666,490$43,177$3,300,628
96$8,887,888$638,997$0$3,554,690
97$9,732,406$608,262$0$3,837,318
98$10,661,112$574,067$0$4,157,574
99$11,682,529$536,180$0$4,509,678
100$12,806,051$494,358$0$4,896,923