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%15.5%
1 years$55,328$54,835$54,354$53,885$53,427$52,220
2 years$27,390$26,880$26,386$25,906$25,441$24,232
3 years$18,079$17,566$17,073$16,598$16,141$14,967
4 years$13,424$12,913$12,425$11,958$11,512$10,382
5 years$10,632$10,124$9,642$9,185$8,751$7,669
6 years$8,771$8,267$7,792$7,345$6,924$5,891
7 years$7,442$6,943$6,476$6,039$5,631$4,646
8 years$6,446$5,951$5,492$5,066$4,672$3,735
9 years$5,672$5,182$4,730$4,315$3,934$3,045
10 years$5,053$4,567$4,124$3,720$3,352$2,510
11 years$4,547$4,066$3,630$3,237$2,883$2,086
12 years$4,125$3,649$3,222$2,839$2,498$1,746
13 years$3,769$3,298$2,879$2,507$2,179$1,469
14 years$3,464$2,998$2,586$2,225$1,910$1,242
15 years$3,199$2,739$2,335$1,985$1,682$1,053
16 years$2,968$2,513$2,117$1,777$1,486$896
17 years$2,765$2,314$1,927$1,597$1,318$765
18 years$2,584$2,138$1,759$1,439$1,172$654
19 years$2,422$1,982$1,610$1,300$1,044$560
20 years$2,277$1,841$1,478$1,178$933$480
21 years$2,146$1,715$1,359$1,069$835$413
22 years$2,027$1,601$1,253$972$748$355
23 years$1,918$1,497$1,157$885$672$305
24 years$1,819$1,403$1,070$807$604$263
25 years$1,727$1,317$991$737$543$227
26 years$1,643$1,237$919$674$489$196
27 years$1,565$1,165$853$617$441$169
28 years$1,493$1,097$793$565$398$146
29 years$1,426$1,035$738$518$359$126
30 years$1,364$978$688$476$325$109
31 years$1,306$924$641$437$294$94
32 years$1,251$875$598$401$266$81
33 years$1,200$828$558$369$240$70
34 years$1,152$785$522$340$218$61
35 years$1,107$745$488$313$197$53
36 years$1,064$707$456$288$179$45
37 years$1,024$671$427$265$162$39
38 years$986$638$400$245$147$34
39 years$950$607$375$226$133$29
40 years$916$577$351$208$121$25
41 years$884$549$329$192$110$22
42 years$853$523$309$177$99$19
43 years$824$498$290$163$90$17
44 years$796$475$272$151$82$14
45 years$770$453$255$139$74$12
46 years$744$432$240$129$67$11
47 years$720$412$225$119$61$9
48 years$697$394$212$110$56$8
49 years$675$376$199$102$51$7
50 years$654$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 $670,000, adding $4,354 every year, while hoping to spend $49,582 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: 43/43/14 Blend
64$670,000$670,000$670,000$670,000
65$742,831$707,321$696,936$771,576
66$765,845$689,225$667,529$774,050
67$789,545$668,580$635,474$771,445
68$813,947$645,210$600,632$767,545
69$839,071$618,926$562,854$762,252
70$864,934$589,531$521,987$755,462
71$891,553$556,814$477,870$747,065
72$918,947$520,554$430,334$736,947
73$947,133$480,515$379,204$724,985
74$976,130$436,449$324,296$711,048
75$1,005,955$388,094$265,420$694,998
76$1,036,625$335,174$202,374$676,692
77$1,068,157$277,394$134,950$655,973
78$1,100,568$214,445$62,930$632,679
79$1,133,874$146,001$0$606,638
80$1,168,091$71,716$0$579,747
81$1,203,232$0$0$559,900
82$1,239,311$0$0$541,670
83$1,276,341$0$0$557,781
84$1,314,332$0$0$574,302
85$1,353,295$0$0$591,237
86$1,393,236$0$0$608,587
87$1,434,161$0$0$626,354
88$1,476,073$0$0$644,537
89$1,518,972$0$0$663,136
90$1,562,856$0$0$682,146
91$1,607,718$0$0$701,564
92$1,653,547$0$0$721,382
93$1,700,329$0$0$741,592
94$1,748,043$0$0$762,182
95$1,796,665$0$0$783,138
96$1,846,160$0$0$804,443
97$1,896,491$0$0$826,076
98$1,947,609$0$0$848,012
99$1,999,458$0$0$870,222
100$2,051,971$0$0$892,673