Can I retire at age 65 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$56,154$55,654$55,166$54,689$54,224$52,073
2 years$27,799$27,281$26,779$26,293$25,821$23,680
3 years$18,349$17,829$17,328$16,846$16,382$14,319
4 years$13,624$13,106$12,610$12,137$11,684$9,715
5 years$10,790$10,275$9,786$9,322$8,882$7,011
6 years$8,902$8,390$7,909$7,455$7,028$5,257
7 years$7,553$7,046$6,572$6,129$5,716$4,044
8 years$6,542$6,040$5,574$5,142$4,742$3,168
9 years$5,757$5,259$4,801$4,379$3,993$2,514
10 years$5,128$4,635$4,185$3,775$3,402$2,016
11 years$4,615$4,127$3,685$3,286$2,926$1,629
12 years$4,187$3,704$3,270$2,882$2,536$1,324
13 years$3,825$3,347$2,922$2,544$2,211$1,081
14 years$3,515$3,043$2,625$2,258$1,938$886
15 years$3,247$2,779$2,370$2,014$1,707$729
16 years$3,013$2,550$2,149$1,803$1,508$601
17 years$2,806$2,348$1,955$1,620$1,337$496
18 years$2,622$2,170$1,785$1,460$1,189$411
19 years$2,459$2,011$1,634$1,320$1,060$340
20 years$2,311$1,869$1,500$1,195$947$282
21 years$2,178$1,741$1,379$1,085$847$234
22 years$2,057$1,625$1,271$986$759$195
23 years$1,947$1,520$1,174$898$682$162
24 years$1,846$1,424$1,086$819$613$135
25 years$1,753$1,336$1,005$748$551$112
26 years$1,668$1,256$933$684$497$93
27 years$1,589$1,182$866$626$448$78
28 years$1,516$1,114$805$574$404$65
29 years$1,448$1,051$749$526$365$54
30 years$1,384$992$698$483$330$45
31 years$1,325$938$651$443$298$37
32 years$1,270$888$607$407$270$31
33 years$1,218$841$567$375$244$26
34 years$1,169$797$530$345$221$22
35 years$1,123$756$495$317$200$18
36 years$1,080$717$463$292$181$15
37 years$1,039$681$433$269$164$13
38 years$1,001$647$406$248$149$10
39 years$964$616$380$229$135$9
40 years$930$586$356$211$123$7
41 years$897$558$334$195$111$6
42 years$866$531$314$180$101$5
43 years$836$506$294$166$92$4
44 years$808$482$276$153$83$4
45 years$781$460$259$141$75$3
46 years$755$439$244$131$68$2
47 years$731$419$229$121$62$2
48 years$708$400$215$112$56$2
49 years$685$382$202$103$51$1
50 years$664$365$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $680,000, adding $3,036 every year, while hoping to spend $26,477 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: 30/49/21 Blend
64$680,000$680,000$680,000$680,000
65$752,492$716,452$705,912$770,052
66$801,074$723,386$701,388$790,626
67$853,725$729,774$695,826$810,163
68$910,831$735,558$689,162$830,625
69$972,818$740,683$681,331$852,110
70$1,040,153$745,084$672,263$874,726
71$1,113,352$748,696$661,887$898,592
72$1,192,981$751,449$650,128$923,844
73$1,279,663$753,268$636,905$950,632
74$1,374,084$754,074$622,137$979,125
75$1,476,999$753,782$605,737$1,009,509
76$1,589,238$752,302$587,614$1,041,994
77$1,711,715$749,540$567,674$1,076,812
78$1,845,437$745,395$545,818$1,114,223
79$1,991,511$739,758$521,942$1,154,515
80$2,151,156$732,518$495,939$1,198,010
81$2,325,715$723,552$467,694$1,245,066
82$2,516,667$712,735$437,090$1,296,079
83$2,725,638$699,930$404,003$1,351,492
84$2,954,420$684,994$368,305$1,411,795
85$3,204,987$667,775$329,859$1,477,533
86$3,479,513$648,112$288,527$1,549,313
87$3,780,390$625,837$244,159$1,627,805
88$4,110,254$600,767$196,603$1,713,756
89$4,472,009$572,714$145,698$1,807,993
90$4,868,852$541,475$91,277$1,911,432
91$5,304,305$506,838$33,165$2,025,092
92$5,782,248$468,576$0$2,150,098
93$6,306,952$426,452$0$2,294,165
94$6,883,127$380,213$0$2,460,563
95$7,515,957$329,594$0$2,643,430
96$8,211,154$274,314$0$2,844,508
97$8,975,011$214,075$0$3,065,726
98$9,814,460$148,563$0$3,309,213
99$10,737,140$77,447$0$3,577,325
100$11,751,463$377$0$3,872,662