Can I retire at age 65 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$55,823$55,326$54,841$54,368$53,905$53,543
2 years$27,635$27,121$26,622$26,138$25,669$25,304
3 years$18,241$17,724$17,226$16,747$16,286$15,929
4 years$13,544$13,029$12,536$12,065$11,615$11,269
5 years$10,727$10,215$9,729$9,267$8,830$8,495
6 years$8,849$8,341$7,862$7,411$6,987$6,665
7 years$7,509$7,005$6,533$6,093$5,682$5,373
8 years$6,504$6,004$5,541$5,111$4,714$4,417
9 years$5,723$5,228$4,772$4,354$3,970$3,686
10 years$5,098$4,608$4,161$3,753$3,382$3,111
11 years$4,587$4,102$3,663$3,266$2,909$2,649
12 years$4,162$3,682$3,251$2,865$2,521$2,273
13 years$3,803$3,328$2,904$2,529$2,198$1,962
14 years$3,495$3,025$2,610$2,245$1,927$1,702
15 years$3,228$2,763$2,356$2,002$1,697$1,483
16 years$2,995$2,535$2,136$1,793$1,499$1,297
17 years$2,789$2,335$1,944$1,611$1,330$1,137
18 years$2,607$2,157$1,774$1,452$1,182$1,000
19 years$2,444$1,999$1,624$1,312$1,054$881
20 years$2,298$1,858$1,491$1,188$941$778
21 years$2,165$1,731$1,371$1,078$842$688
22 years$2,045$1,615$1,264$980$755$610
23 years$1,935$1,511$1,167$893$678$541
24 years$1,835$1,416$1,079$814$609$480
25 years$1,743$1,328$1,000$744$548$427
26 years$1,658$1,249$927$680$494$380
27 years$1,579$1,175$861$622$445$338
28 years$1,507$1,107$800$570$402$301
29 years$1,439$1,045$745$523$363$269
30 years$1,376$986$694$480$328$240
31 years$1,317$933$647$441$296$214
32 years$1,262$882$603$405$268$191
33 years$1,211$836$563$373$243$171
34 years$1,162$792$526$343$220$152
35 years$1,117$751$492$316$199$136
36 years$1,074$713$460$291$180$122
37 years$1,033$677$431$268$163$109
38 years$995$644$404$247$148$97
39 years$959$612$378$228$134$87
40 years$924$582$354$210$122$78
41 years$892$554$332$194$110$70
42 years$861$528$312$179$100$62
43 years$831$503$292$165$91$56
44 years$803$479$275$152$83$50
45 years$776$457$258$141$75$45
46 years$751$436$242$130$68$40
47 years$727$416$227$120$62$36
48 years$703$397$214$111$56$32
49 years$681$379$201$103$51$29
50 years$660$362$189$95$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $676,000, adding $3,847 every year, while hoping to spend $25,747 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: 33/39/28 Blend
64$676,000$676,000$676,000$676,000
65$748,920$713,092$702,614$767,161
66$797,915$720,639$698,757$788,900
67$851,045$727,693$693,908$809,757
68$908,704$734,202$688,006$831,736
69$971,326$740,112$680,989$854,953
70$1,039,389$745,365$672,789$879,539
71$1,113,417$749,898$663,338$905,641
72$1,193,988$753,646$652,562$933,419
73$1,281,737$756,537$640,386$963,054
74$1,377,366$758,499$626,730$994,747
75$1,481,642$759,450$611,510$1,028,722
76$1,595,414$759,307$594,640$1,065,227
77$1,719,613$757,981$576,028$1,104,538
78$1,855,268$755,376$555,579$1,146,962
79$2,003,507$751,391$533,192$1,192,840
80$2,165,575$745,919$508,765$1,242,551
81$2,342,842$738,848$482,186$1,296,514
82$2,536,816$730,055$453,344$1,355,196
83$2,749,158$719,415$422,118$1,419,115
84$2,981,696$706,791$388,383$1,488,845
85$3,236,446$692,040$352,011$1,565,021
86$3,515,625$675,011$312,864$1,648,348
87$3,821,675$655,543$270,802$1,739,610
88$4,157,287$633,466$225,675$1,839,671
89$4,525,424$608,600$177,329$1,949,490
90$4,929,351$580,755$125,603$2,070,131
91$5,372,661$549,728$70,327$2,202,769
92$5,859,315$515,308$11,326$2,348,707
93$6,393,676$477,268$0$2,509,385
94$6,980,547$435,371$0$2,701,826
95$7,625,223$389,364$0$2,916,980
96$8,333,534$338,982$0$3,153,470
97$9,111,906$283,943$0$3,413,519
98$9,967,414$223,950$0$3,699,576
99$10,907,856$158,689$0$4,014,349
100$11,941,822$87,829$0$4,360,826