Can I retire at age 65 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$55,163$54,671$54,192$53,724$53,267$52,777
2 years$27,308$26,800$26,307$25,829$25,365$24,871
3 years$18,025$17,514$17,022$16,549$16,093$15,610
4 years$13,384$12,875$12,388$11,923$11,478$11,010
5 years$10,600$10,094$9,613$9,158$8,725$8,275
6 years$8,745$8,242$7,769$7,323$6,904$6,471
7 years$7,420$6,922$6,456$6,021$5,615$5,199
8 years$6,427$5,933$5,475$5,051$4,658$4,260
9 years$5,655$5,166$4,716$4,302$3,923$3,542
10 years$5,038$4,554$4,111$3,709$3,342$2,978
11 years$4,533$4,054$3,620$3,228$2,874$2,527
12 years$4,113$3,639$3,212$2,831$2,491$2,160
13 years$3,758$3,288$2,870$2,499$2,172$1,858
14 years$3,453$2,989$2,579$2,219$1,904$1,605
15 years$3,190$2,730$2,328$1,979$1,677$1,393
16 years$2,959$2,505$2,111$1,772$1,482$1,213
17 years$2,756$2,307$1,921$1,592$1,314$1,059
18 years$2,576$2,132$1,753$1,435$1,168$928
19 years$2,415$1,976$1,605$1,296$1,041$814
20 years$2,270$1,836$1,473$1,174$930$716
21 years$2,139$1,710$1,355$1,065$832$630
22 years$2,021$1,596$1,249$969$746$556
23 years$1,912$1,493$1,153$882$670$491
24 years$1,813$1,399$1,066$805$602$434
25 years$1,722$1,313$988$735$542$384
26 years$1,638$1,234$916$672$488$340
27 years$1,561$1,161$851$615$440$301
28 years$1,489$1,094$791$564$397$267
29 years$1,422$1,032$736$517$358$237
30 years$1,360$975$685$474$324$210
31 years$1,302$922$639$436$293$187
32 years$1,247$872$596$400$265$166
33 years$1,196$826$557$368$240$148
34 years$1,148$783$520$339$217$131
35 years$1,103$742$486$312$197$117
36 years$1,061$705$455$287$178$104
37 years$1,021$669$426$265$161$92
38 years$983$636$399$244$146$82
39 years$947$605$374$225$133$73
40 years$913$575$350$207$120$65
41 years$881$548$328$191$109$58
42 years$850$522$308$177$99$52
43 years$821$497$289$163$90$46
44 years$794$474$271$151$82$41
45 years$767$452$255$139$74$36
46 years$742$431$239$128$67$32
47 years$718$411$225$119$61$29
48 years$695$393$211$110$55$26
49 years$673$375$199$101$50$23
50 years$652$358$187$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $668,000, adding $2,395 every year, while hoping to spend $33,422 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: 57/29/14 Blend
64$668,000$668,000$668,000$668,000
65$738,606$703,202$692,848$777,927
66$778,384$702,099$680,498$803,720
67$821,098$699,821$666,614$827,935
68$867,013$696,275$651,109$853,544
69$916,421$691,365$633,893$880,685
70$969,638$684,984$614,871$909,514
71$1,027,015$677,022$593,943$940,203
72$1,088,937$667,363$571,007$972,942
73$1,155,825$655,881$545,952$1,007,943
74$1,228,145$642,444$518,667$1,045,442
75$1,306,405$626,913$489,032$1,085,698
76$1,391,167$609,141$456,923$1,129,003
77$1,483,048$588,970$422,211$1,175,675
78$1,582,724$566,235$384,761$1,226,073
79$1,690,943$540,761$344,431$1,280,589
80$1,808,523$512,363$301,074$1,339,663
81$1,936,367$480,843$254,535$1,403,778
82$2,075,468$445,996$204,653$1,473,472
83$2,226,917$407,601$151,260$1,549,339
84$2,391,916$365,427$94,180$1,632,039
85$2,571,787$319,228$33,231$1,722,301
86$2,767,986$268,747$0$1,820,934
87$2,982,114$213,709$0$1,933,583
88$3,215,935$153,826$0$2,062,093
89$3,471,389$88,793$0$2,202,620
90$3,750,614$18,286$0$2,356,409
91$4,055,961$0$0$2,524,834
92$4,390,022$0$0$2,727,931
93$4,755,648$0$0$2,956,662
94$5,155,980$0$0$3,207,164
95$5,594,476$0$0$3,481,609
96$6,074,946$0$0$3,782,387
97$6,601,583$0$0$4,112,133
98$7,179,007$0$0$4,473,747
99$7,812,307$0$0$4,870,424
100$8,507,086$0$0$5,305,683