Can I retire at age 65 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,493$54,999$54,517$54,046$53,586$53,159
2 years$27,472$26,960$26,464$25,984$25,517$25,087
3 years$18,133$17,619$17,124$16,648$16,189$15,769
4 years$13,464$12,952$12,462$11,994$11,546$11,139
5 years$10,663$10,154$9,671$9,212$8,777$8,384
6 years$8,797$8,292$7,816$7,367$6,945$6,567
7 years$7,464$6,963$6,495$6,057$5,648$5,285
8 years$6,465$5,969$5,508$5,081$4,686$4,338
9 years$5,689$5,197$4,744$4,328$3,946$3,613
10 years$5,068$4,581$4,136$3,731$3,362$3,044
11 years$4,560$4,078$3,641$3,247$2,892$2,588
12 years$4,138$3,660$3,232$2,848$2,506$2,216
13 years$3,780$3,308$2,887$2,514$2,185$1,909
14 years$3,474$3,007$2,594$2,232$1,916$1,653
15 years$3,209$2,747$2,342$1,990$1,687$1,437
16 years$2,977$2,520$2,124$1,782$1,491$1,254
17 years$2,773$2,321$1,932$1,601$1,322$1,098
18 years$2,592$2,145$1,764$1,443$1,175$963
19 years$2,430$1,988$1,615$1,304$1,047$847
20 years$2,284$1,847$1,482$1,181$936$746
21 years$2,152$1,720$1,363$1,072$837$659
22 years$2,033$1,606$1,256$975$750$582
23 years$1,924$1,502$1,160$888$674$515
24 years$1,824$1,407$1,073$809$606$457
25 years$1,733$1,321$994$739$545$405
26 years$1,648$1,241$922$676$491$359
27 years$1,570$1,168$856$619$442$319
28 years$1,498$1,101$796$567$399$284
29 years$1,431$1,038$740$520$361$252
30 years$1,368$981$690$477$326$225
31 years$1,309$927$643$438$295$200
32 years$1,255$877$600$403$266$178
33 years$1,203$831$560$370$241$159
34 years$1,155$787$523$341$218$141
35 years$1,110$747$489$314$198$126
36 years$1,067$709$458$289$179$112
37 years$1,027$673$428$266$162$100
38 years$989$640$401$245$147$89
39 years$953$608$376$226$133$80
40 years$919$579$352$209$121$71
41 years$886$551$330$192$110$64
42 years$856$525$310$178$100$57
43 years$826$500$291$164$90$51
44 years$798$477$273$151$82$45
45 years$772$454$256$140$75$40
46 years$747$434$241$129$68$36
47 years$722$414$226$119$61$32
48 years$699$395$212$110$56$29
49 years$677$377$200$102$51$26
50 years$656$360$188$94$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $672,000, adding $4,652 every year, while hoping to spend $33,553 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: 26/46/28 Blend
64$672,000$672,000$672,000$672,000
65$745,343$709,727$699,311$758,113
66$785,667$708,803$687,037$768,036
67$828,981$706,710$673,228$775,506
68$875,552$703,354$657,797$782,833
69$925,677$698,637$640,652$790,027
70$979,681$692,455$621,698$797,104
71$1,037,920$684,697$600,837$804,085
72$1,100,786$675,245$577,963$810,994
73$1,168,710$663,976$552,969$817,864
74$1,242,165$650,757$525,740$824,734
75$1,321,671$635,450$496,157$831,651
76$1,407,800$617,905$464,097$838,672
77$1,501,181$597,968$429,430$845,865
78$1,602,505$575,472$392,019$853,307
79$1,712,533$550,242$351,724$861,093
80$1,832,100$522,093$308,395$869,328
81$1,962,127$490,828$261,879$878,138
82$2,103,626$456,241$212,015$887,665
83$2,257,711$418,112$158,632$898,075
84$2,425,607$376,209$101,556$909,555
85$2,608,664$330,288$40,603$922,322
86$2,808,365$280,089$0$936,620
87$3,026,345$225,340$0$960,031
88$3,264,401$165,751$0$998,986
89$3,524,515$101,018$0$1,041,764
90$3,808,865$30,817$0$1,088,831
91$4,119,851$0$0$1,140,712
92$4,460,117$0$0$1,220,863
93$4,832,570$0$0$1,325,782
94$5,240,416$0$0$1,440,784
95$5,687,183$0$0$1,566,879
96$6,176,755$0$0$1,705,179
97$6,713,412$0$0$1,856,908
98$7,301,867$0$0$2,023,413
99$7,947,310$0$0$2,206,181
100$8,655,460$0$0$2,406,847