Can I retire at age 65 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$55,989$55,490$55,003$54,528$54,065$52,758
2 years$27,717$27,201$26,701$26,216$25,745$24,436
3 years$18,295$17,776$17,277$16,797$16,334$15,064
4 years$13,584$13,067$12,573$12,101$11,649$10,428
5 years$10,759$10,245$9,757$9,295$8,856$7,687
6 years$8,876$8,366$7,885$7,433$7,007$5,892
7 years$7,531$7,026$6,553$6,111$5,699$4,637
8 years$6,523$6,022$5,557$5,126$4,728$3,719
9 years$5,740$5,243$4,787$4,367$3,981$3,024
10 years$5,113$4,622$4,173$3,764$3,392$2,487
11 years$4,601$4,115$3,674$3,276$2,917$2,062
12 years$4,174$3,693$3,260$2,873$2,528$1,721
13 years$3,814$3,337$2,913$2,537$2,205$1,444
14 years$3,505$3,034$2,617$2,252$1,933$1,217
15 years$3,238$2,771$2,363$2,008$1,702$1,030
16 years$3,004$2,543$2,142$1,798$1,504$874
17 years$2,798$2,342$1,950$1,616$1,333$743
18 years$2,615$2,164$1,780$1,456$1,186$634
19 years$2,451$2,005$1,629$1,316$1,057$541
20 years$2,304$1,863$1,495$1,192$944$463
21 years$2,172$1,736$1,375$1,081$845$396
22 years$2,051$1,620$1,268$983$757$340
23 years$1,941$1,515$1,170$895$680$291
24 years$1,840$1,420$1,082$817$611$250
25 years$1,748$1,332$1,003$746$550$215
26 years$1,663$1,252$930$682$495$185
27 years$1,584$1,179$863$624$446$159
28 years$1,511$1,111$803$572$403$137
29 years$1,443$1,048$747$524$364$118
30 years$1,380$989$696$481$329$101
31 years$1,321$935$649$442$297$87
32 years$1,266$885$605$406$269$75
33 years$1,214$838$565$374$243$65
34 years$1,166$794$528$344$220$56
35 years$1,120$753$494$316$199$48
36 years$1,077$715$462$291$181$42
37 years$1,036$679$432$269$164$36
38 years$998$645$405$248$149$31
39 years$961$614$379$228$135$27
40 years$927$584$355$210$122$23
41 years$894$556$333$194$111$20
42 years$863$529$313$179$101$17
43 years$834$504$293$165$91$15
44 years$806$481$275$153$83$13
45 years$779$458$259$141$75$11
46 years$753$437$243$130$68$9
47 years$729$417$228$120$62$8
48 years$706$398$214$111$56$7
49 years$683$381$202$103$51$6
50 years$662$363$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $678,000, adding $6,637 every year, while hoping to spend $44,548 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: 40/40/20 Blend
64$678,000$678,000$678,000$678,000
65$754,002$718,068$707,559$779,459
66$783,512$705,855$683,864$786,084
67$814,538$691,550$657,881$788,487
68$847,189$675,004$629,488$790,172
69$881,582$656,059$598,556$791,095
70$917,844$634,546$564,948$791,217
71$956,115$610,290$528,525$790,493
72$996,545$583,101$489,137$788,882
73$1,039,302$552,782$446,632$786,342
74$1,084,564$519,121$400,848$782,831
75$1,132,530$481,899$351,616$778,307
76$1,183,414$440,878$298,762$772,732
77$1,237,453$395,811$242,101$766,067
78$1,294,903$346,436$181,441$758,276
79$1,356,047$292,476$116,584$749,326
80$1,421,194$233,636$47,319$739,186
81$1,490,680$169,609$0$727,832
82$1,564,876$100,067$0$720,917
83$1,644,189$24,665$0$723,897
84$1,729,061$0$0$726,706
85$1,819,981$0$0$754,467
86$1,917,484$0$0$795,941
87$2,022,155$0$0$840,528
88$2,134,639$0$0$888,510
89$2,255,643$0$0$940,196
90$2,385,942$0$0$995,928
91$2,526,389$0$0$1,056,080
92$2,677,919$0$0$1,121,061
93$2,841,561$0$0$1,191,325
94$3,018,446$0$0$1,267,366
95$3,209,814$0$0$1,349,732
96$3,417,032$0$0$1,439,021
97$3,641,600$0$0$1,535,894
98$3,885,169$0$0$1,641,076
99$4,149,555$0$0$1,755,364
100$4,436,752$0$0$1,879,637