Can I retire at age 65 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$56,071$55,572$55,084$54,609$54,144$53,624
2 years$27,758$27,241$26,740$26,254$25,783$25,258
3 years$18,322$17,802$17,303$16,821$16,358$15,846
4 years$13,604$13,087$12,592$12,119$11,667$11,171
5 years$10,775$10,260$9,772$9,308$8,869$8,391
6 years$8,889$8,378$7,897$7,444$7,018$6,558
7 years$7,542$7,036$6,562$6,120$5,707$5,266
8 years$6,533$6,031$5,566$5,134$4,735$4,312
9 years$5,748$5,251$4,794$4,373$3,987$3,583
10 years$5,121$4,629$4,179$3,770$3,397$3,012
11 years$4,608$4,121$3,679$3,281$2,922$2,554
12 years$4,181$3,698$3,265$2,878$2,532$2,182
13 years$3,819$3,342$2,917$2,541$2,208$1,875
14 years$3,510$3,038$2,621$2,255$1,935$1,619
15 years$3,242$2,775$2,367$2,011$1,704$1,404
16 years$3,008$2,546$2,146$1,801$1,506$1,222
17 years$2,802$2,345$1,952$1,618$1,335$1,066
18 years$2,619$2,167$1,782$1,458$1,187$933
19 years$2,455$2,008$1,632$1,318$1,058$818
20 years$2,308$1,866$1,497$1,193$945$719
21 years$2,175$1,738$1,377$1,083$846$632
22 years$2,054$1,623$1,269$985$758$557
23 years$1,944$1,518$1,172$897$681$492
24 years$1,843$1,422$1,084$818$612$434
25 years$1,751$1,334$1,004$747$551$384
26 years$1,665$1,254$931$683$496$340
27 years$1,586$1,180$865$625$447$301
28 years$1,513$1,112$804$573$403$267
29 years$1,445$1,049$748$525$364$236
30 years$1,382$991$697$482$329$210
31 years$1,323$937$650$443$298$186
32 years$1,268$886$606$407$269$165
33 years$1,216$839$566$374$244$147
34 years$1,167$795$529$344$221$130
35 years$1,122$755$494$317$200$116
36 years$1,078$716$462$292$181$103
37 years$1,038$680$433$269$164$91
38 years$999$646$405$248$149$81
39 years$963$615$380$229$135$72
40 years$928$585$356$211$122$64
41 years$896$557$334$194$111$57
42 years$864$530$313$179$101$51
43 years$835$505$294$166$91$45
44 years$807$482$276$153$83$40
45 years$780$459$259$141$75$36
46 years$754$438$243$131$68$32
47 years$730$418$228$121$62$28
48 years$707$399$215$111$56$25
49 years$684$381$202$103$51$22
50 years$663$364$190$95$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $679,000, adding $4,183 every year, while hoping to spend $53,847 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: 47/42/11 Blend
64$679,000$679,000$679,000$679,000
65$752,573$716,586$706,061$785,458
66$772,042$694,406$672,422$786,394
67$791,693$669,334$635,850$781,499
68$811,487$641,172$596,192$774,969
69$831,379$609,710$553,285$766,671
70$851,320$574,726$506,960$756,463
71$871,251$535,985$457,040$744,190
72$891,109$493,238$403,341$729,688
73$910,817$446,222$345,668$712,782
74$930,294$394,660$283,821$693,284
75$949,444$338,259$217,590$670,991
76$968,162$276,708$146,754$645,687
77$986,328$209,680$71,084$617,140
78$1,003,809$136,830$0$585,101
79$1,020,454$57,791$0$550,439
80$1,036,096$0$0$520,710
81$1,050,548$0$0$500,142
82$1,063,600$0$0$505,517
83$1,075,019$0$0$510,003
84$1,084,545$0$0$513,463
85$1,091,889$0$0$515,746
86$1,096,729$0$0$516,684
87$1,098,706$0$0$516,091
88$1,097,424$0$0$513,758
89$1,092,440$0$0$509,455
90$1,083,265$0$0$502,928
91$1,069,355$0$0$493,892
92$1,050,108$0$0$482,034
93$1,024,855$0$0$467,006
94$992,857$0$0$448,423
95$953,294$0$0$425,859
96$905,260$0$0$398,841
97$847,750$0$0$366,849
98$779,654$0$0$329,303
99$699,743$0$0$285,567
100$606,659$0$0$234,935