Can I retire at age 65 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$55,658$55,163$54,679$54,207$53,746$52,277
2 years$27,554$27,040$26,543$26,061$25,593$24,124
3 years$18,187$17,671$17,175$16,697$16,237$14,814
4 years$13,504$12,990$12,499$12,030$11,581$10,214
5 years$10,695$10,184$9,700$9,240$8,803$7,497
6 years$8,823$8,316$7,839$7,389$6,966$5,721
7 years$7,487$6,984$6,514$6,075$5,665$4,482
8 years$6,485$5,987$5,525$5,096$4,700$3,578
9 years$5,706$5,212$4,758$4,341$3,958$2,896
10 years$5,083$4,595$4,148$3,742$3,372$2,369
11 years$4,574$4,090$3,652$3,257$2,900$1,954
12 years$4,150$3,671$3,241$2,856$2,513$1,623
13 years$3,791$3,318$2,896$2,522$2,192$1,354
14 years$3,484$3,016$2,602$2,239$1,921$1,135
15 years$3,218$2,755$2,349$1,996$1,692$955
16 years$2,986$2,528$2,130$1,788$1,495$806
17 years$2,781$2,328$1,938$1,606$1,326$681
18 years$2,599$2,151$1,769$1,447$1,179$578
19 years$2,437$1,993$1,620$1,308$1,051$490
20 years$2,291$1,852$1,486$1,185$938$417
21 years$2,159$1,725$1,367$1,075$840$355
22 years$2,039$1,611$1,260$977$753$302
23 years$1,930$1,506$1,163$890$676$258
24 years$1,830$1,411$1,076$812$607$220
25 years$1,738$1,325$997$741$546$188
26 years$1,653$1,245$924$678$492$160
27 years$1,575$1,172$858$621$444$137
28 years$1,502$1,104$798$569$400$117
29 years$1,435$1,041$743$521$362$100
30 years$1,372$984$692$479$327$86
31 years$1,313$930$645$439$295$73
32 years$1,258$880$602$404$267$63
33 years$1,207$833$562$371$242$54
34 years$1,159$790$525$342$219$46
35 years$1,113$749$491$315$198$39
36 years$1,070$711$459$290$180$34
37 years$1,030$675$430$267$163$29
38 years$992$642$402$246$148$25
39 years$956$610$377$227$134$21
40 years$921$581$353$209$121$18
41 years$889$553$331$193$110$16
42 years$858$526$311$178$100$13
43 years$829$501$292$164$91$11
44 years$801$478$274$152$82$10
45 years$774$456$257$140$75$8
46 years$749$435$241$130$68$7
47 years$725$415$227$120$62$6
48 years$701$396$213$111$56$5
49 years$679$378$200$102$51$5
50 years$658$361$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $674,000, adding $3,085 every year, while hoping to spend $40,990 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: 58/35/7 Blend
64$674,000$674,000$674,000$674,000
65$745,930$710,208$699,761$787,896
66$778,402$701,395$679,590$807,636
67$812,812$690,777$657,370$824,232
68$849,315$678,221$632,987$841,300
69$888,080$663,588$606,327$858,891
70$929,290$646,731$577,265$877,058
71$973,149$627,492$545,675$895,864
72$1,019,877$605,706$511,422$915,381
73$1,069,717$581,198$474,367$935,687
74$1,122,934$553,782$434,364$956,876
75$1,179,818$523,262$391,260$979,048
76$1,240,687$489,430$344,895$1,002,321
77$1,305,893$452,067$295,105$1,026,825
78$1,375,817$410,941$241,713$1,052,708
79$1,450,880$365,807$184,540$1,080,135
80$1,531,543$316,405$123,396$1,109,292
81$1,618,313$262,462$58,083$1,140,388
82$1,711,746$203,688$0$1,173,658
83$1,812,453$139,777$0$1,210,233
84$1,921,104$70,407$0$1,254,224
85$2,038,437$0$0$1,301,635
86$2,165,261$0$0$1,354,686
87$2,302,467$0$0$1,441,460
88$2,451,033$0$0$1,535,467
89$2,612,034$0$0$1,637,392
90$2,786,654$0$0$1,747,990
91$2,976,194$0$0$1,868,093
92$3,182,083$0$0$1,998,613
93$3,405,896$0$0$2,140,555
94$3,649,364$0$0$2,295,024
95$3,914,392$0$0$2,463,238
96$4,203,076$0$0$2,646,535
97$4,517,722$0$0$2,846,387
98$4,860,869$0$0$3,064,416
99$5,235,310$0$0$3,302,407
100$5,644,122$0$0$3,562,323