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%11%
1 years$54,420$53,935$53,462$53,000$52,550$52,328
2 years$26,940$26,439$25,952$25,481$25,024$24,800
3 years$17,782$17,278$16,793$16,326$15,876$15,657
4 years$13,203$12,701$12,221$11,762$11,323$11,111
5 years$10,457$9,958$9,484$9,034$8,607$8,402
6 years$8,627$8,131$7,664$7,225$6,811$6,613
7 years$7,320$6,829$6,369$5,940$5,539$5,349
8 years$6,340$5,853$5,402$4,983$4,595$4,412
9 years$5,579$5,096$4,652$4,244$3,870$3,694
10 years$4,970$4,492$4,056$3,659$3,297$3,129
11 years$4,472$3,999$3,571$3,184$2,836$2,675
12 years$4,058$3,589$3,169$2,793$2,457$2,304
13 years$3,707$3,244$2,831$2,466$2,143$1,996
14 years$3,407$2,949$2,544$2,189$1,878$1,739
15 years$3,147$2,694$2,297$1,952$1,654$1,521
16 years$2,920$2,471$2,082$1,748$1,462$1,335
17 years$2,719$2,276$1,895$1,570$1,296$1,176
18 years$2,542$2,103$1,730$1,415$1,152$1,038
19 years$2,383$1,949$1,584$1,279$1,027$919
20 years$2,240$1,811$1,453$1,158$917$815
21 years$2,111$1,687$1,337$1,051$821$724
22 years$1,993$1,575$1,232$956$736$644
23 years$1,887$1,473$1,138$870$661$574
24 years$1,789$1,380$1,052$794$594$512
25 years$1,699$1,295$974$725$534$457
26 years$1,616$1,217$904$663$481$409
27 years$1,540$1,145$839$607$434$366
28 years$1,469$1,079$780$556$392$327
29 years$1,403$1,018$726$510$354$293
30 years$1,341$962$676$468$319$263
31 years$1,284$909$630$430$289$236
32 years$1,230$860$588$395$261$212
33 years$1,180$815$549$363$236$190
34 years$1,133$772$513$334$214$171
35 years$1,089$732$480$308$194$153
36 years$1,047$695$449$283$176$138
37 years$1,007$660$420$261$159$124
38 years$970$627$393$241$144$111
39 years$934$597$369$222$131$100
40 years$901$568$345$205$119$90
41 years$869$540$324$189$108$81
42 years$839$515$304$174$98$73
43 years$810$490$285$161$89$65
44 years$783$467$268$148$81$59
45 years$757$446$251$137$73$53
46 years$732$425$236$127$66$48
47 years$708$406$222$117$60$43
48 years$686$387$208$108$55$39
49 years$664$370$196$100$50$35
50 years$643$353$184$92$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $659,000, adding $4,517 every year, while hoping to spend $51,958 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: 48/44/8 Blend
64$659,000$659,000$659,000$659,000
65$730,877$695,950$685,736$764,183
66$750,144$674,769$653,425$766,314
67$769,634$650,808$618,290$762,787
68$789,316$623,877$580,183$757,749
69$809,153$593,774$538,945$751,073
70$829,102$560,284$494,415$742,626
71$849,114$523,182$446,422$732,263
72$869,135$482,228$394,788$719,830
73$889,099$437,170$339,326$705,162
74$908,936$387,741$279,843$688,080
75$928,565$333,658$216,135$668,397
76$947,894$274,622$147,990$645,907
77$966,820$210,319$75,189$620,393
78$985,227$140,416$0$591,621
79$1,002,985$64,561$0$559,554
80$1,019,948$0$0$530,572
81$1,035,953$0$0$506,512
82$1,050,818$0$0$513,069
83$1,064,338$0$0$518,873
84$1,076,287$0$0$523,804
85$1,086,412$0$0$527,726
86$1,094,430$0$0$530,489
87$1,100,028$0$0$531,925
88$1,102,857$0$0$531,848
89$1,102,529$0$0$530,051
90$1,098,614$0$0$526,306
91$1,090,633$0$0$520,358
92$1,078,058$0$0$511,925
93$1,060,300$0$0$500,695
94$1,036,707$0$0$486,320
95$1,006,557$0$0$468,417
96$969,052$0$0$446,562
97$923,306$0$0$420,284
98$868,339$0$0$389,063
99$803,067$0$0$352,324
100$726,291$0$0$309,431