Can I retire at age 65 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$55,906$55,408$54,922$54,448$53,985$52,723
2 years$27,676$27,161$26,661$26,177$25,707$24,443
3 years$18,268$17,750$17,252$16,772$16,310$15,082
4 years$13,564$13,048$12,555$12,083$11,632$10,452
5 years$10,743$10,230$9,743$9,281$8,843$7,712
6 years$8,863$8,353$7,874$7,422$6,997$5,917
7 years$7,520$7,015$6,543$6,102$5,690$4,662
8 years$6,514$6,013$5,549$5,119$4,721$3,743
9 years$5,731$5,236$4,779$4,360$3,975$3,048
10 years$5,106$4,615$4,167$3,759$3,387$2,509
11 years$4,594$4,108$3,668$3,271$2,913$2,083
12 years$4,168$3,688$3,256$2,869$2,525$1,741
13 years$3,808$3,332$2,909$2,533$2,201$1,463
14 years$3,500$3,029$2,613$2,249$1,930$1,235
15 years$3,233$2,767$2,360$2,005$1,699$1,046
16 years$2,999$2,539$2,139$1,796$1,502$889
17 years$2,794$2,338$1,947$1,613$1,331$757
18 years$2,611$2,161$1,777$1,454$1,184$646
19 years$2,448$2,002$1,627$1,314$1,055$553
20 years$2,301$1,861$1,493$1,190$943$474
21 years$2,168$1,733$1,373$1,080$843$406
22 years$2,048$1,618$1,266$982$756$349
23 years$1,938$1,513$1,169$894$679$300
24 years$1,838$1,418$1,081$816$610$258
25 years$1,745$1,330$1,001$745$549$222
26 years$1,660$1,250$928$681$494$191
27 years$1,582$1,177$862$623$446$165
28 years$1,509$1,109$801$571$402$142
29 years$1,441$1,046$746$524$363$122
30 years$1,378$988$695$481$328$106
31 years$1,319$934$648$441$297$91
32 years$1,264$884$604$406$268$79
33 years$1,212$837$564$373$243$68
34 years$1,164$793$527$343$220$59
35 years$1,118$752$493$316$199$51
36 years$1,075$714$461$291$180$44
37 years$1,035$678$432$268$164$38
38 years$996$645$404$247$148$33
39 years$960$613$379$228$134$28
40 years$926$583$355$210$122$24
41 years$893$555$333$194$111$21
42 years$862$529$312$179$100$18
43 years$832$504$293$165$91$16
44 years$804$480$275$153$83$14
45 years$778$458$258$141$75$12
46 years$752$437$242$130$68$10
47 years$728$417$228$120$62$9
48 years$705$398$214$111$56$8
49 years$682$380$201$103$51$7
50 years$661$363$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $677,000, adding $5,604 every year, while hoping to spend $41,306 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: 67/23/10 Blend
64$677,000$677,000$677,000$677,000
65$751,835$715,954$705,460$800,277
66$784,572$707,086$685,144$824,335
67$819,265$696,400$662,762$845,174
68$856,068$683,761$638,203$866,878
69$895,153$669,031$611,348$889,529
70$936,704$652,060$582,074$913,214
71$980,927$632,689$550,253$938,033
72$1,028,043$610,753$515,748$964,096
73$1,078,298$586,074$478,420$991,528
74$1,131,959$558,466$438,122$1,020,465
75$1,189,319$527,732$394,699$1,051,060
76$1,250,700$493,660$347,991$1,083,484
77$1,316,454$456,032$297,831$1,117,926
78$1,386,967$414,613$244,044$1,154,599
79$1,462,664$369,155$186,446$1,193,735
80$1,544,010$319,398$124,846$1,235,597
81$1,631,516$265,066$59,046$1,280,475
82$1,725,744$205,867$0$1,328,690
83$1,827,309$141,494$0$1,381,795
84$1,936,888$71,621$0$1,445,796
85$2,055,225$0$0$1,514,851
86$2,183,136$0$0$1,590,514
87$2,321,520$0$0$1,692,015
88$2,471,365$0$0$1,801,956
89$2,633,754$0$0$1,921,137
90$2,809,881$0$0$2,050,440
91$3,001,060$0$0$2,190,832
92$3,208,733$0$0$2,343,379
93$3,434,487$0$0$2,509,251
94$3,680,070$0$0$2,689,738
95$3,947,404$0$0$2,886,258
96$4,238,602$0$0$3,100,371
97$4,555,992$0$0$3,333,794
98$4,902,136$0$0$3,588,418
99$5,279,851$0$0$3,866,323
100$5,692,240$0$0$4,169,799