Can I retire at age 65 with 669,000?

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 $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%15.6%
1 years$55,245$54,753$54,273$53,805$53,347$52,121
2 years$27,349$26,840$26,346$25,868$25,403$24,175
3 years$18,052$17,540$17,048$16,574$16,117$14,924
4 years$13,404$12,894$12,406$11,940$11,495$10,347
5 years$10,616$10,109$9,628$9,171$8,738$7,639
6 years$8,758$8,255$7,781$7,334$6,914$5,865
7 years$7,431$6,932$6,466$6,030$5,623$4,623
8 years$6,437$5,942$5,484$5,058$4,665$3,714
9 years$5,664$5,174$4,723$4,309$3,929$3,027
10 years$5,045$4,560$4,118$3,714$3,347$2,493
11 years$4,540$4,060$3,625$3,232$2,879$2,071
12 years$4,119$3,644$3,217$2,835$2,495$1,732
13 years$3,763$3,293$2,874$2,503$2,175$1,456
14 years$3,458$2,993$2,583$2,222$1,907$1,230
15 years$3,195$2,734$2,332$1,982$1,679$1,043
16 years$2,964$2,509$2,114$1,774$1,484$887
17 years$2,761$2,311$1,924$1,594$1,316$756
18 years$2,580$2,135$1,756$1,437$1,170$646
19 years$2,419$1,979$1,608$1,298$1,043$553
20 years$2,274$1,839$1,475$1,176$931$474
21 years$2,143$1,713$1,357$1,067$834$407
22 years$2,024$1,599$1,251$970$747$349
23 years$1,915$1,495$1,155$884$671$301
24 years$1,816$1,401$1,068$806$603$259
25 years$1,725$1,315$989$736$542$223
26 years$1,641$1,236$917$673$489$192
27 years$1,563$1,163$852$616$441$166
28 years$1,491$1,096$792$564$397$143
29 years$1,424$1,034$737$518$359$123
30 years$1,362$976$686$475$324$106
31 years$1,304$923$640$436$293$92
32 years$1,249$873$597$401$265$79
33 years$1,198$827$558$369$240$69
34 years$1,150$784$521$339$217$59
35 years$1,105$743$487$312$197$51
36 years$1,063$706$456$288$178$44
37 years$1,022$670$426$265$162$38
38 years$985$637$399$244$147$33
39 years$949$606$374$225$133$29
40 years$915$576$351$208$121$25
41 years$882$548$329$192$109$21
42 years$852$522$308$177$99$18
43 years$823$498$289$163$90$16
44 years$795$474$272$151$82$14
45 years$768$452$255$139$74$12
46 years$743$432$240$129$67$10
47 years$719$412$225$119$61$9
48 years$696$393$212$110$56$8
49 years$674$375$199$101$50$7
50 years$653$359$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $669,000, adding $2,997 every year, while hoping to spend $50,264 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: 82/5/13 Blend
64$669,000$669,000$669,000$669,000
65$740,329$704,872$694,503$798,992
66$762,362$685,931$664,288$818,966
67$784,958$664,376$631,377$833,984
68$808,121$640,028$595,625$848,992
69$831,854$612,694$556,883$863,961
70$856,159$582,172$514,995$878,863
71$881,036$548,247$469,796$893,663
72$906,483$510,692$421,115$908,326
73$932,497$469,268$368,775$922,811
74$959,071$423,722$312,588$937,076
75$986,196$373,784$252,360$951,071
76$1,013,861$319,173$187,887$964,746
77$1,042,051$259,588$118,957$978,040
78$1,070,746$194,714$45,348$990,893
79$1,099,925$124,217$0$1,003,234
80$1,129,558$47,745$0$1,019,593
81$1,159,613$0$0$1,042,294
82$1,190,052$0$0$1,066,914
83$1,220,828$0$0$1,094,458
84$1,251,889$0$0$1,122,250
85$1,283,174$0$0$1,150,237
86$1,314,613$0$0$1,178,354
87$1,346,127$0$0$1,206,530
88$1,377,624$0$0$1,234,680
89$1,409,000$0$0$1,262,712
90$1,440,139$0$0$1,290,519
91$1,470,908$0$0$1,317,982
92$1,501,158$0$0$1,344,964
93$1,530,720$0$0$1,371,314
94$1,559,405$0$0$1,396,860
95$1,587,001$0$0$1,421,410
96$1,613,271$0$0$1,444,750
97$1,637,950$0$0$1,466,638
98$1,660,739$0$0$1,486,807
99$1,681,308$0$0$1,504,956
100$1,699,287$0$0$1,520,751