Can I retire at age 65 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$55,245$54,753$54,273$53,805$53,347$52,680
2 years$27,349$26,840$26,346$25,868$25,403$24,733
3 years$18,052$17,540$17,048$16,574$16,117$15,463
4 years$13,404$12,894$12,406$11,940$11,495$10,862
5 years$10,616$10,109$9,628$9,171$8,738$8,129
6 years$8,758$8,255$7,781$7,334$6,914$6,330
7 years$7,431$6,932$6,466$6,030$5,623$5,063
8 years$6,437$5,942$5,484$5,058$4,665$4,129
9 years$5,664$5,174$4,723$4,309$3,929$3,417
10 years$5,045$4,560$4,118$3,714$3,347$2,860
11 years$4,540$4,060$3,625$3,232$2,879$2,415
12 years$4,119$3,644$3,217$2,835$2,495$2,054
13 years$3,763$3,293$2,874$2,503$2,175$1,757
14 years$3,458$2,993$2,583$2,222$1,907$1,510
15 years$3,195$2,734$2,332$1,982$1,679$1,303
16 years$2,964$2,509$2,114$1,774$1,484$1,129
17 years$2,761$2,311$1,924$1,594$1,316$980
18 years$2,580$2,135$1,756$1,437$1,170$853
19 years$2,419$1,979$1,608$1,298$1,043$745
20 years$2,274$1,839$1,475$1,176$931$651
21 years$2,143$1,713$1,357$1,067$834$570
22 years$2,024$1,599$1,251$970$747$499
23 years$1,915$1,495$1,155$884$671$438
24 years$1,816$1,401$1,068$806$603$385
25 years$1,725$1,315$989$736$542$339
26 years$1,641$1,236$917$673$489$298
27 years$1,563$1,163$852$616$441$262
28 years$1,491$1,096$792$564$397$231
29 years$1,424$1,034$737$518$359$204
30 years$1,362$976$686$475$324$180
31 years$1,304$923$640$436$293$159
32 years$1,249$873$597$401$265$140
33 years$1,198$827$558$369$240$124
34 years$1,150$784$521$339$217$109
35 years$1,105$743$487$312$197$96
36 years$1,063$706$456$288$178$85
37 years$1,022$670$426$265$162$75
38 years$985$637$399$244$147$66
39 years$949$606$374$225$133$59
40 years$915$576$351$208$121$52
41 years$882$548$329$192$109$46
42 years$852$522$308$177$99$41
43 years$823$498$289$163$90$36
44 years$795$474$272$151$82$32
45 years$768$452$255$139$74$28
46 years$743$432$240$129$67$25
47 years$719$412$225$119$61$22
48 years$696$393$212$110$56$19
49 years$674$375$199$101$50$17
50 years$653$359$187$94$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $669,000, adding $5,629 every year, while hoping to spend $52,366 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: 51/42/7 Blend
64$669,000$669,000$669,000$669,000
65$743,044$707,587$697,218$779,360
66$763,118$686,542$664,858$783,639
67$783,484$662,711$629,658$782,170
68$804,117$635,901$591,469$779,328
69$824,987$605,910$550,134$774,993
70$846,059$572,524$505,487$769,041
71$867,294$535,514$457,358$761,337
72$888,646$494,642$405,567$751,737
73$910,061$449,653$349,927$740,084
74$931,480$400,279$290,242$726,214
75$952,835$346,236$226,309$709,949
76$974,047$287,225$157,914$691,098
77$995,030$222,929$84,834$669,456
78$1,015,684$153,014$6,837$644,803
79$1,035,899$77,127$0$616,905
80$1,055,549$0$0$591,214
81$1,074,494$0$0$565,029
82$1,092,577$0$0$573,968
83$1,109,622$0$0$582,285
84$1,125,431$0$0$589,868
85$1,139,786$0$0$596,592
86$1,152,441$0$0$602,319
87$1,163,123$0$0$606,893
88$1,171,529$0$0$610,143
89$1,177,320$0$0$611,877
90$1,180,120$0$0$611,882
91$1,179,510$0$0$609,921
92$1,175,028$0$0$605,733
93$1,166,158$0$0$599,026
94$1,152,328$0$0$589,477
95$1,132,905$0$0$576,729
96$1,107,186$0$0$560,385
97$1,074,394$0$0$540,006
98$1,033,667$0$0$515,106
99$984,051$0$0$485,147
100$924,490$0$0$449,534