Can I retire at age 65 with 665,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$54,915$54,426$53,949$53,483$53,028$52,606
2 years$27,186$26,679$26,189$25,713$25,251$24,826
3 years$17,944$17,435$16,946$16,475$16,021$15,605
4 years$13,324$12,817$12,332$11,869$11,426$11,023
5 years$10,552$10,049$9,570$9,117$8,686$8,297
6 years$8,705$8,205$7,734$7,291$6,873$6,499
7 years$7,387$6,891$6,427$5,994$5,589$5,230
8 years$6,398$5,907$5,451$5,028$4,637$4,293
9 years$5,630$5,143$4,695$4,283$3,905$3,575
10 years$5,015$4,533$4,093$3,692$3,327$3,012
11 years$4,513$4,036$3,603$3,213$2,862$2,561
12 years$4,094$3,622$3,198$2,818$2,480$2,193
13 years$3,741$3,273$2,857$2,488$2,162$1,889
14 years$3,438$2,975$2,567$2,209$1,896$1,636
15 years$3,175$2,718$2,318$1,970$1,669$1,423
16 years$2,946$2,494$2,101$1,764$1,475$1,241
17 years$2,744$2,297$1,912$1,585$1,308$1,086
18 years$2,565$2,122$1,746$1,428$1,163$953
19 years$2,404$1,967$1,598$1,290$1,037$838
20 years$2,260$1,828$1,467$1,169$926$739
21 years$2,130$1,702$1,349$1,061$829$652
22 years$2,012$1,589$1,243$964$743$576
23 years$1,904$1,486$1,148$878$667$510
24 years$1,805$1,393$1,062$801$599$452
25 years$1,714$1,307$983$732$539$401
26 years$1,631$1,228$912$669$486$356
27 years$1,554$1,156$847$612$438$316
28 years$1,482$1,089$787$561$395$281
29 years$1,416$1,028$733$514$357$250
30 years$1,354$970$682$472$322$222
31 years$1,296$917$636$434$291$198
32 years$1,242$868$594$398$264$176
33 years$1,191$822$554$366$239$157
34 years$1,143$779$518$337$216$140
35 years$1,098$739$484$310$196$125
36 years$1,056$701$453$286$177$111
37 years$1,016$666$424$263$161$99
38 years$979$633$397$243$146$89
39 years$943$602$372$224$132$79
40 years$909$573$349$206$120$71
41 years$877$545$327$190$109$63
42 years$847$519$307$176$99$56
43 years$818$495$288$162$90$50
44 years$790$472$270$150$81$45
45 years$764$450$254$138$74$40
46 years$739$429$238$128$67$36
47 years$715$409$224$118$61$32
48 years$692$391$210$109$55$28
49 years$670$373$198$101$50$25
50 years$649$357$186$93$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $665,000, adding $4,915 every year, while hoping to spend $39,277 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: 68/11/21 Blend
64$665,000$665,000$665,000$665,000
65$737,900$702,655$692,347$783,881
66$771,375$695,294$673,751$807,913
67$806,949$686,257$653,214$829,178
68$844,793$675,419$630,632$851,496
69$885,096$662,649$605,893$874,970
70$928,066$647,809$578,881$899,713
71$973,928$630,751$549,473$925,851
72$1,022,931$611,320$517,542$953,526
73$1,075,347$589,352$482,957$982,893
74$1,131,474$564,671$445,577$1,014,125
75$1,191,638$537,094$405,258$1,047,415
76$1,256,199$506,426$361,848$1,082,976
77$1,325,551$472,460$315,189$1,121,046
78$1,400,124$434,977$265,115$1,161,887
79$1,480,394$393,749$211,454$1,205,790
80$1,566,881$348,529$154,024$1,253,080
81$1,660,158$299,062$92,639$1,304,113
82$1,760,853$245,075$27,102$1,359,288
83$1,869,657$186,281$0$1,419,044
84$1,987,328$122,375$0$1,493,467
85$2,114,701$53,037$0$1,580,604
86$2,252,694$0$0$1,675,022
87$2,402,313$0$0$1,780,108
88$2,564,670$0$0$1,901,138
89$2,740,982$0$0$2,032,606
90$2,932,591$0$0$2,175,517
91$3,140,973$0$0$2,330,976
92$3,367,752$0$0$2,500,199
93$3,614,714$0$0$2,684,523
94$3,883,825$0$0$2,885,422
95$4,177,249$0$0$3,104,516
96$4,497,365$0$0$3,343,587
97$4,846,796$0$0$3,604,600
98$5,228,425$0$0$3,889,715
99$5,645,429$0$0$4,201,311
100$6,101,305$0$0$4,542,007