Can I retire at age 65 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$56,236$55,735$55,247$54,770$54,304$52,713
2 years$27,840$27,321$26,819$26,332$25,859$24,270
3 years$18,375$17,855$17,354$16,871$16,406$14,867
4 years$13,644$13,125$12,629$12,155$11,701$10,225
5 years$10,806$10,290$9,801$9,336$8,895$7,485
6 years$8,915$8,403$7,920$7,466$7,038$5,697
7 years$7,564$7,057$6,582$6,138$5,724$4,450
8 years$6,552$6,049$5,582$5,149$4,749$3,542
9 years$5,765$5,267$4,808$4,386$3,999$2,858
10 years$5,136$4,642$4,191$3,781$3,407$2,331
11 years$4,621$4,133$3,690$3,290$2,930$1,917
12 years$4,193$3,709$3,275$2,886$2,539$1,586
13 years$3,831$3,352$2,926$2,548$2,214$1,319
14 years$3,521$3,047$2,629$2,262$1,941$1,102
15 years$3,252$2,783$2,374$2,017$1,709$924
16 years$3,017$2,554$2,152$1,806$1,511$777
17 years$2,810$2,352$1,958$1,623$1,339$655
18 years$2,626$2,173$1,788$1,462$1,191$553
19 years$2,462$2,014$1,636$1,321$1,061$467
20 years$2,315$1,872$1,502$1,197$948$396
21 years$2,181$1,743$1,381$1,086$848$336
22 years$2,060$1,627$1,273$988$761$285
23 years$1,950$1,522$1,176$899$683$242
24 years$1,849$1,426$1,087$820$614$206
25 years$1,756$1,338$1,007$749$552$175
26 years$1,670$1,258$934$685$497$149
27 years$1,591$1,184$867$627$448$127
28 years$1,518$1,115$806$574$405$108
29 years$1,450$1,052$750$527$365$92
30 years$1,386$994$699$483$330$78
31 years$1,327$939$651$444$298$67
32 years$1,272$889$608$408$270$57
33 years$1,220$842$568$375$244$48
34 years$1,171$798$530$345$221$41
35 years$1,125$757$496$318$200$35
36 years$1,082$718$464$293$182$30
37 years$1,041$682$434$270$165$26
38 years$1,002$648$407$249$149$22
39 years$966$616$381$229$135$19
40 years$931$587$357$211$123$16
41 years$898$558$335$195$111$14
42 years$867$532$314$180$101$12
43 years$837$507$295$166$92$10
44 years$809$483$277$153$83$8
45 years$782$461$260$142$76$7
46 years$757$439$244$131$69$6
47 years$732$419$229$121$62$5
48 years$709$400$215$112$57$4
49 years$686$382$202$103$51$4
50 years$665$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $681,000, adding $4,735 every year, while hoping to spend $32,533 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: 58/24/18 Blend
64$681,000$681,000$681,000$681,000
65$755,346$719,253$708,698$795,329
66$797,777$719,882$697,824$823,624
67$843,445$719,451$685,496$850,495
68$892,646$717,874$671,630$879,053
69$945,706$715,060$656,140$909,466
70$1,002,981$710,911$638,934$941,920
71$1,064,864$705,324$619,917$976,624
72$1,131,786$698,191$598,990$1,013,807
73$1,204,220$689,394$576,048$1,053,723
74$1,282,688$678,812$550,983$1,096,654
75$1,367,762$666,314$523,681$1,142,912
76$1,460,072$651,762$494,023$1,192,843
77$1,560,312$635,010$461,884$1,246,830
78$1,669,241$615,903$427,136$1,305,297
79$1,787,700$594,279$389,641$1,368,713
80$1,916,610$569,963$349,258$1,437,598
81$2,056,985$542,772$305,839$1,512,527
82$2,209,942$512,512$259,229$1,594,136
83$2,376,710$478,979$209,268$1,683,129
84$2,558,641$441,956$155,784$1,780,283
85$2,757,223$401,213$98,604$1,886,461
86$2,974,096$356,507$37,543$2,002,614
87$3,211,061$307,584$0$2,129,795
88$3,470,106$254,172$0$2,274,473
89$3,753,416$195,986$0$2,440,669
90$4,063,399$132,724$0$2,622,628
91$4,402,704$64,066$0$2,821,963
92$4,774,251$0$0$3,040,455
93$5,181,254$0$0$3,282,794
94$5,627,252$0$0$3,566,949
95$6,116,143$0$0$3,878,491
96$6,652,221$0$0$4,220,163
97$7,240,214$0$0$4,594,987
98$7,885,331$0$0$5,006,291
99$8,593,308$0$0$5,457,740
100$9,370,464$0$0$5,953,373