Can I retire at age 65 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$56,402$55,899$55,409$54,931$54,463$52,932
2 years$27,922$27,402$26,898$26,409$25,935$24,404
3 years$18,429$17,907$17,404$16,920$16,454$14,971
4 years$13,684$13,164$12,666$12,190$11,735$10,312
5 years$10,838$10,320$9,829$9,363$8,921$7,561
6 years$8,941$8,427$7,944$7,488$7,059$5,764
7 years$7,587$7,077$6,601$6,156$5,741$4,510
8 years$6,571$6,067$5,598$5,164$4,762$3,596
9 years$5,782$5,282$4,822$4,399$4,011$2,907
10 years$5,151$4,656$4,204$3,792$3,417$2,375
11 years$4,635$4,145$3,701$3,300$2,939$1,957
12 years$4,205$3,720$3,284$2,895$2,547$1,623
13 years$3,842$3,362$2,934$2,555$2,221$1,353
14 years$3,531$3,056$2,637$2,268$1,947$1,132
15 years$3,261$2,792$2,381$2,023$1,714$951
16 years$3,026$2,561$2,158$1,811$1,515$801
17 years$2,818$2,359$1,964$1,628$1,343$677
18 years$2,634$2,180$1,793$1,467$1,194$573
19 years$2,469$2,020$1,641$1,325$1,065$485
20 years$2,321$1,877$1,506$1,200$951$412
21 years$2,188$1,749$1,385$1,089$851$350
22 years$2,066$1,632$1,277$991$763$298
23 years$1,955$1,527$1,179$902$685$254
24 years$1,854$1,430$1,090$823$615$216
25 years$1,761$1,342$1,010$751$554$184
26 years$1,675$1,261$937$687$499$157
27 years$1,596$1,187$870$629$450$134
28 years$1,522$1,119$809$576$406$114
29 years$1,454$1,055$752$528$366$98
30 years$1,390$997$701$485$331$83
31 years$1,331$942$653$445$299$71
32 years$1,275$892$610$409$271$61
33 years$1,223$844$569$376$245$52
34 years$1,174$800$532$346$222$44
35 years$1,128$759$497$319$201$38
36 years$1,085$720$465$294$182$32
37 years$1,044$684$435$271$165$28
38 years$1,005$650$408$249$150$24
39 years$968$618$382$230$136$20
40 years$934$588$358$212$123$17
41 years$901$560$336$196$112$15
42 years$870$533$315$181$101$13
43 years$840$508$296$167$92$11
44 years$812$484$277$154$83$9
45 years$785$462$260$142$76$8
46 years$759$441$245$131$69$7
47 years$734$420$230$121$62$6
48 years$711$401$216$112$57$5
49 years$688$383$203$104$52$4
50 years$667$366$191$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $683,000, adding $6,330 every year, while hoping to spend $30,610 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: 53/38/9 Blend
64$683,000$683,000$683,000$683,000
65$759,195$722,996$712,410$797,387
66$804,065$725,854$703,707$826,883
67$852,484$727,827$693,686$855,094
68$904,785$728,837$682,272$885,062
69$961,328$728,806$669,383$916,958
70$1,022,513$727,647$654,937$950,974
71$1,088,778$725,269$638,846$987,320
72$1,160,603$721,578$621,017$1,026,231
73$1,238,519$716,469$601,356$1,067,967
74$1,323,108$709,836$579,761$1,112,815
75$1,415,010$701,563$556,128$1,161,095
76$1,514,929$691,528$530,347$1,213,158
77$1,623,642$679,603$502,303$1,269,397
78$1,742,000$665,650$471,877$1,330,242
79$1,870,942$649,525$438,943$1,396,174
80$2,011,501$631,074$403,370$1,467,721
81$2,164,813$610,136$365,022$1,545,471
82$2,332,130$586,538$323,756$1,630,073
83$2,514,827$560,099$279,422$1,722,244
84$2,714,422$530,626$231,865$1,822,779
85$2,932,582$497,916$180,921$1,932,556
86$3,171,145$461,754$126,422$2,052,547
87$3,432,134$421,912$68,190$2,183,826
88$3,717,777$378,150$6,039$2,327,582
89$4,030,525$330,214$0$2,485,128
90$4,373,079$277,836$0$2,663,704
91$4,748,415$220,732$0$2,860,123
92$5,159,807$158,601$0$3,075,595
93$5,610,864$91,129$0$3,312,104
94$6,105,558$17,980$0$3,571,835
95$6,648,266$0$0$3,857,205
96$7,243,808$0$0$4,196,470
97$7,897,495$0$0$4,577,180
98$8,615,174$0$0$4,995,232
99$9,403,289$0$0$5,454,387
100$10,268,936$0$0$5,958,790