Can I retire at age 65 with 676,000?

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 $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%12%
1 years$55,823$55,326$54,841$54,368$53,905$53,454
2 years$27,635$27,121$26,622$26,138$25,669$25,214
3 years$18,241$17,724$17,226$16,747$16,286$15,841
4 years$13,544$13,029$12,536$12,065$11,615$11,184
5 years$10,727$10,215$9,729$9,267$8,830$8,414
6 years$8,849$8,341$7,862$7,411$6,987$6,587
7 years$7,509$7,005$6,533$6,093$5,682$5,298
8 years$6,504$6,004$5,541$5,111$4,714$4,346
9 years$5,723$5,228$4,772$4,354$3,970$3,618
10 years$5,098$4,608$4,161$3,753$3,382$3,046
11 years$4,587$4,102$3,663$3,266$2,909$2,588
12 years$4,162$3,682$3,251$2,865$2,521$2,215
13 years$3,803$3,328$2,904$2,529$2,198$1,907
14 years$3,495$3,025$2,610$2,245$1,927$1,650
15 years$3,228$2,763$2,356$2,002$1,697$1,434
16 years$2,995$2,535$2,136$1,793$1,499$1,250
17 years$2,789$2,335$1,944$1,611$1,330$1,093
18 years$2,607$2,157$1,774$1,452$1,182$959
19 years$2,444$1,999$1,624$1,312$1,054$843
20 years$2,298$1,858$1,491$1,188$941$742
21 years$2,165$1,731$1,371$1,078$842$654
22 years$2,045$1,615$1,264$980$755$578
23 years$1,935$1,511$1,167$893$678$511
24 years$1,835$1,416$1,079$814$609$452
25 years$1,743$1,328$1,000$744$548$401
26 years$1,658$1,249$927$680$494$356
27 years$1,579$1,175$861$622$445$316
28 years$1,507$1,107$800$570$402$280
29 years$1,439$1,045$745$523$363$249
30 years$1,376$986$694$480$328$221
31 years$1,317$933$647$441$296$197
32 years$1,262$882$603$405$268$175
33 years$1,211$836$563$373$243$156
34 years$1,162$792$526$343$220$139
35 years$1,117$751$492$316$199$124
36 years$1,074$713$460$291$180$110
37 years$1,033$677$431$268$163$98
38 years$995$644$404$247$148$88
39 years$959$612$378$228$134$78
40 years$924$582$354$210$122$70
41 years$892$554$332$194$110$62
42 years$861$528$312$179$100$55
43 years$831$503$292$165$91$49
44 years$803$479$275$152$83$44
45 years$776$457$258$141$75$39
46 years$751$436$242$130$68$35
47 years$727$416$227$120$62$31
48 years$703$397$214$111$56$28
49 years$681$379$201$103$51$25
50 years$660$362$189$95$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $676,000, adding $3,182 every year, while hoping to spend $48,538 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: 33/40/27 Blend
64$676,000$676,000$676,000$676,000
65$748,234$712,406$701,928$766,694
66$772,910$695,670$673,799$764,218
67$798,476$676,487$643,100$757,001
68$824,972$654,686$609,695$748,271
69$852,439$630,086$573,440$737,929
70$880,923$602,495$534,185$725,868
71$910,470$571,710$491,774$711,976
72$941,131$537,518$446,042$696,136
73$972,961$499,690$396,818$678,225
74$1,006,016$457,988$343,924$658,113
75$1,040,357$412,157$287,173$635,665
76$1,076,051$361,930$226,371$610,738
77$1,113,167$307,023$161,313$583,181
78$1,151,781$247,138$91,788$552,837
79$1,191,973$181,959$17,574$519,542
80$1,233,830$111,151$0$483,122
81$1,277,445$34,362$0$461,150
82$1,322,919$0$0$442,239
83$1,370,359$0$0$442,666
84$1,419,881$0$0$458,922
85$1,471,612$0$0$475,925
86$1,525,687$0$0$493,724
87$1,582,253$0$0$512,370
88$1,641,468$0$0$531,918
89$1,703,504$0$0$552,430
90$1,768,549$0$0$573,972
91$1,836,803$0$0$596,614
92$1,908,487$0$0$620,435
93$1,983,839$0$0$645,519
94$2,063,119$0$0$671,958
95$2,146,609$0$0$699,853
96$2,234,615$0$0$729,313
97$2,327,473$0$0$760,457
98$2,425,549$0$0$793,416
99$2,529,239$0$0$828,331
100$2,638,978$0$0$865,358