Can I retire at age 65 with 678,000?

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 $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%11.6%
1 years$55,989$55,490$55,003$54,528$54,065$53,701
2 years$27,717$27,201$26,701$26,216$25,745$25,379
3 years$18,295$17,776$17,277$16,797$16,334$15,976
4 years$13,584$13,067$12,573$12,101$11,649$11,302
5 years$10,759$10,245$9,757$9,295$8,856$8,521
6 years$8,876$8,366$7,885$7,433$7,007$6,685
7 years$7,531$7,026$6,553$6,111$5,699$5,389
8 years$6,523$6,022$5,557$5,126$4,728$4,430
9 years$5,740$5,243$4,787$4,367$3,981$3,696
10 years$5,113$4,622$4,173$3,764$3,392$3,120
11 years$4,601$4,115$3,674$3,276$2,917$2,657
12 years$4,174$3,693$3,260$2,873$2,528$2,280
13 years$3,814$3,337$2,913$2,537$2,205$1,968
14 years$3,505$3,034$2,617$2,252$1,933$1,707
15 years$3,238$2,771$2,363$2,008$1,702$1,488
16 years$3,004$2,543$2,142$1,798$1,504$1,301
17 years$2,798$2,342$1,950$1,616$1,333$1,141
18 years$2,615$2,164$1,780$1,456$1,186$1,003
19 years$2,451$2,005$1,629$1,316$1,057$884
20 years$2,304$1,863$1,495$1,192$944$781
21 years$2,172$1,736$1,375$1,081$845$690
22 years$2,051$1,620$1,268$983$757$612
23 years$1,941$1,515$1,170$895$680$543
24 years$1,840$1,420$1,082$817$611$482
25 years$1,748$1,332$1,003$746$550$428
26 years$1,663$1,252$930$682$495$381
27 years$1,584$1,179$863$624$446$339
28 years$1,511$1,111$803$572$403$302
29 years$1,443$1,048$747$524$364$270
30 years$1,380$989$696$481$329$240
31 years$1,321$935$649$442$297$215
32 years$1,266$885$605$406$269$192
33 years$1,214$838$565$374$243$171
34 years$1,166$794$528$344$220$153
35 years$1,120$753$494$316$199$137
36 years$1,077$715$462$291$181$122
37 years$1,036$679$432$269$164$109
38 years$998$645$405$248$149$98
39 years$961$614$379$228$135$87
40 years$927$584$355$210$122$78
41 years$894$556$333$194$111$70
42 years$863$529$313$179$101$63
43 years$834$504$293$165$91$56
44 years$806$481$275$153$83$50
45 years$779$458$259$141$75$45
46 years$753$437$243$130$68$40
47 years$729$417$228$120$62$36
48 years$706$398$214$111$56$32
49 years$683$381$202$103$51$29
50 years$662$363$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 $678,000, adding $4,898 every year, while hoping to spend $29,868 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: 55/35/10 Blend
64$678,000$678,000$678,000$678,000
65$752,208$716,274$705,765$791,447
66$797,154$719,592$697,629$821,888
67$845,684$722,072$688,219$851,316
68$898,130$723,641$677,462$882,647
69$954,862$724,221$665,279$916,068
70$1,016,281$723,731$651,589$951,783
71$1,082,831$722,084$636,307$990,022
72$1,155,001$719,187$619,344$1,031,037
73$1,233,327$714,943$600,608$1,075,108
74$1,318,397$709,246$579,999$1,122,543
75$1,410,863$701,988$557,418$1,173,686
76$1,511,436$693,050$532,757$1,228,914
77$1,620,902$682,310$505,904$1,288,648
78$1,740,126$669,635$476,744$1,353,351
79$1,870,059$654,887$445,155$1,423,534
80$2,011,747$637,918$411,009$1,499,767
81$2,166,341$618,572$374,174$1,582,675
82$2,335,110$596,685$334,511$1,672,953
83$2,519,449$572,080$291,875$1,771,367
84$2,720,895$544,574$246,115$1,878,765
85$2,941,139$513,971$197,072$1,996,084
86$3,182,043$480,063$144,582$2,124,360
87$3,445,657$442,633$88,472$2,264,738
88$3,734,241$401,448$28,562$2,418,483
89$4,050,280$356,265$0$2,586,993
90$4,396,511$306,825$0$2,775,587
91$4,775,951$252,855$0$2,985,694
92$5,191,920$194,067$0$3,216,171
93$5,648,076$130,157$0$3,469,122
94$6,148,447$60,802$0$3,746,872
95$6,697,471$0$0$4,051,984
96$7,300,034$0$0$4,392,810
97$7,961,520$0$0$4,792,738
98$8,687,860$0$0$5,231,941
99$9,485,586$0$0$5,714,378
100$10,361,893$0$0$6,244,411