Can I retire at age 65 with 670,000?

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 $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%12.2%
1 years$55,328$54,835$54,354$53,885$53,427$52,935
2 years$27,390$26,880$26,386$25,906$25,441$24,946
3 years$18,079$17,566$17,073$16,598$16,141$15,657
4 years$13,424$12,913$12,425$11,958$11,512$11,043
5 years$10,632$10,124$9,642$9,185$8,751$8,299
6 years$8,771$8,267$7,792$7,345$6,924$6,490
7 years$7,442$6,943$6,476$6,039$5,631$5,215
8 years$6,446$5,951$5,492$5,066$4,672$4,272
9 years$5,672$5,182$4,730$4,315$3,934$3,552
10 years$5,053$4,567$4,124$3,720$3,352$2,987
11 years$4,547$4,066$3,630$3,237$2,883$2,535
12 years$4,125$3,649$3,222$2,839$2,498$2,167
13 years$3,769$3,298$2,879$2,507$2,179$1,863
14 years$3,464$2,998$2,586$2,225$1,910$1,610
15 years$3,199$2,739$2,335$1,985$1,682$1,397
16 years$2,968$2,513$2,117$1,777$1,486$1,217
17 years$2,765$2,314$1,927$1,597$1,318$1,063
18 years$2,584$2,138$1,759$1,439$1,172$930
19 years$2,422$1,982$1,610$1,300$1,044$816
20 years$2,277$1,841$1,478$1,178$933$718
21 years$2,146$1,715$1,359$1,069$835$632
22 years$2,027$1,601$1,253$972$748$557
23 years$1,918$1,497$1,157$885$672$492
24 years$1,819$1,403$1,070$807$604$435
25 years$1,727$1,317$991$737$543$385
26 years$1,643$1,237$919$674$489$341
27 years$1,565$1,165$853$617$441$302
28 years$1,493$1,097$793$565$398$268
29 years$1,426$1,035$738$518$359$238
30 years$1,364$978$688$476$325$211
31 years$1,306$924$641$437$294$187
32 years$1,251$875$598$401$266$166
33 years$1,200$828$558$369$240$148
34 years$1,152$785$522$340$218$132
35 years$1,107$745$488$313$197$117
36 years$1,064$707$456$288$179$104
37 years$1,024$671$427$265$162$93
38 years$986$638$400$245$147$82
39 years$950$607$375$226$133$73
40 years$916$577$351$208$121$65
41 years$884$549$329$192$110$58
42 years$853$523$309$177$99$52
43 years$824$498$290$163$90$46
44 years$796$475$272$151$82$41
45 years$770$453$255$139$74$37
46 years$744$432$240$129$67$33
47 years$720$412$225$119$61$29
48 years$697$394$212$110$56$26
49 years$675$376$199$102$51$23
50 years$654$359$187$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $670,000, adding $5,165 every year, while hoping to spend $34,066 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: 46/32/22 Blend
64$670,000$670,000$670,000$670,000
65$743,668$708,158$697,773$772,974
66$783,276$706,611$684,902$792,516
67$825,782$703,848$670,459$809,931
68$871,447$699,771$654,354$828,132
69$920,554$694,279$636,494$847,206
70$973,417$687,266$616,783$867,255
71$1,030,380$678,616$595,120$888,392
72$1,091,819$668,209$571,397$910,743
73$1,158,151$655,917$545,505$934,450
74$1,229,829$641,604$517,326$959,673
75$1,307,355$625,126$486,740$986,590
76$1,391,280$606,332$453,620$1,015,399
77$1,482,208$585,059$417,834$1,046,324
78$1,580,805$561,139$379,243$1,079,613
79$1,687,802$534,390$337,703$1,115,544
80$1,804,004$504,621$293,062$1,154,426
81$1,930,296$471,631$245,164$1,196,604
82$2,067,652$435,207$193,842$1,242,464
83$2,217,143$395,122$138,926$1,292,433
84$2,379,948$351,139$80,236$1,346,989
85$2,557,363$303,006$17,585$1,406,661
86$2,750,816$250,456$0$1,472,041
87$2,961,879$193,207$0$1,555,349
88$3,192,280$130,964$0$1,650,905
89$3,443,923$63,412$0$1,755,437
90$3,718,904$0$0$1,869,894
91$4,019,530$0$0$1,998,773
92$4,348,340$0$0$2,164,231
93$4,708,131$0$0$2,345,356
94$5,101,983$0$0$2,543,707
95$5,533,288$0$0$2,761,002
96$6,005,779$0$0$2,999,133
97$6,523,569$0$0$3,260,184
98$7,091,187$0$0$3,546,448
99$7,713,622$0$0$3,860,454
100$8,396,369$0$0$4,204,986