Can I retire at age 65 with 670,000?

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 $670,000?

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%
1 years$55,328$54,835$54,354$53,885$53,427$52,737
2 years$27,390$26,880$26,386$25,906$25,441$24,748
3 years$18,079$17,566$17,073$16,598$16,141$15,465
4 years$13,424$12,913$12,425$11,958$11,512$10,858
5 years$10,632$10,124$9,642$9,185$8,751$8,122
6 years$8,771$8,267$7,792$7,345$6,924$6,321
7 years$7,442$6,943$6,476$6,039$5,631$5,053
8 years$6,446$5,951$5,492$5,066$4,672$4,119
9 years$5,672$5,182$4,730$4,315$3,934$3,407
10 years$5,053$4,567$4,124$3,720$3,352$2,849
11 years$4,547$4,066$3,630$3,237$2,883$2,404
12 years$4,125$3,649$3,222$2,839$2,498$2,043
13 years$3,769$3,298$2,879$2,507$2,179$1,747
14 years$3,464$2,998$2,586$2,225$1,910$1,501
15 years$3,199$2,739$2,335$1,985$1,682$1,294
16 years$2,968$2,513$2,117$1,777$1,486$1,120
17 years$2,765$2,314$1,927$1,597$1,318$972
18 years$2,584$2,138$1,759$1,439$1,172$846
19 years$2,422$1,982$1,610$1,300$1,044$737
20 years$2,277$1,841$1,478$1,178$933$644
21 years$2,146$1,715$1,359$1,069$835$563
22 years$2,027$1,601$1,253$972$748$493
23 years$1,918$1,497$1,157$885$672$433
24 years$1,819$1,403$1,070$807$604$380
25 years$1,727$1,317$991$737$543$334
26 years$1,643$1,237$919$674$489$293
27 years$1,565$1,165$853$617$441$258
28 years$1,493$1,097$793$565$398$227
29 years$1,426$1,035$738$518$359$200
30 years$1,364$978$688$476$325$176
31 years$1,306$924$641$437$294$155
32 years$1,251$875$598$401$266$137
33 years$1,200$828$558$369$240$121
34 years$1,152$785$522$340$218$107
35 years$1,107$745$488$313$197$94
36 years$1,064$707$456$288$179$83
37 years$1,024$671$427$265$162$73
38 years$986$638$400$245$147$65
39 years$950$607$375$226$133$57
40 years$916$577$351$208$121$51
41 years$884$549$329$192$110$45
42 years$853$523$309$177$99$39
43 years$824$498$290$163$90$35
44 years$796$475$272$151$82$31
45 years$770$453$255$139$74$27
46 years$744$432$240$129$67$24
47 years$720$412$225$119$61$21
48 years$697$394$212$110$56$19
49 years$675$376$199$102$51$17
50 years$654$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 $670,000, adding $4,197 every year, while hoping to spend $33,680 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: 33/44/23 Blend
64$670,000$670,000$670,000$670,000
65$742,669$707,159$696,774$761,830
66$782,586$705,975$684,281$775,357
67$825,446$703,603$670,240$786,582
68$871,513$699,952$654,565$797,997
69$921,078$694,920$637,163$809,638
70$974,459$688,402$617,940$821,551
71$1,032,008$680,288$596,795$833,788
72$1,094,108$670,458$573,623$846,409
73$1,161,183$658,786$548,315$859,484
74$1,233,697$645,140$520,757$873,094
75$1,312,161$629,378$490,829$887,330
76$1,397,136$611,352$458,406$902,299
77$1,489,239$590,904$423,358$918,120
78$1,589,149$567,865$385,548$934,932
79$1,697,612$542,061$344,833$952,890
80$1,815,449$513,302$301,066$972,171
81$1,943,562$481,391$254,089$992,976
82$2,082,946$446,120$203,741$1,015,529
83$2,234,692$407,266$149,853$1,040,087
84$2,400,005$364,596$92,247$1,066,937
85$2,580,206$317,862$30,738$1,096,401
86$2,776,753$266,803$0$1,128,845
87$2,991,249$211,143$0$1,173,240
88$3,225,459$150,592$0$1,230,086
89$3,481,324$84,839$0$1,292,395
90$3,760,984$13,562$0$1,360,795
91$4,066,794$0$0$1,435,982
92$4,401,345$0$0$1,549,519
93$4,767,491$0$0$1,681,063
94$5,168,377$0$0$1,825,190
95$5,607,463$0$0$1,983,156
96$6,088,562$0$0$2,156,346
97$6,615,870$0$0$2,346,286
98$7,194,011$0$0$2,554,654
99$7,828,077$0$0$2,783,301
100$8,523,676$0$0$3,034,264