Can I retire at age 65 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,484$55,981$55,490$55,011$54,543$53,203
2 years$27,962$27,442$26,937$26,448$25,973$24,631
3 years$18,456$17,933$17,430$16,945$16,478$15,177
4 years$13,704$13,183$12,685$12,208$11,752$10,501
5 years$10,854$10,336$9,844$9,377$8,934$7,736
6 years$8,954$8,440$7,955$7,499$7,069$5,926
7 years$7,598$7,088$6,611$6,165$5,749$4,661
8 years$6,581$6,075$5,606$5,172$4,769$3,736
9 years$5,790$5,290$4,829$4,405$4,017$3,037
10 years$5,158$4,663$4,210$3,797$3,422$2,495
11 years$4,642$4,151$3,706$3,305$2,943$2,068
12 years$4,211$3,726$3,289$2,899$2,551$1,725
13 years$3,848$3,367$2,939$2,559$2,224$1,446
14 years$3,536$3,060$2,640$2,272$1,950$1,218
15 years$3,266$2,796$2,384$2,026$1,717$1,030
16 years$3,030$2,565$2,161$1,814$1,517$873
17 years$2,823$2,362$1,967$1,630$1,345$742
18 years$2,638$2,183$1,795$1,469$1,196$632
19 years$2,473$2,023$1,644$1,327$1,066$540
20 years$2,325$1,880$1,508$1,202$952$461
21 years$2,191$1,751$1,388$1,091$852$395
22 years$2,069$1,635$1,279$992$764$338
23 years$1,958$1,529$1,181$903$686$290
24 years$1,857$1,432$1,092$824$616$249
25 years$1,763$1,344$1,011$752$555$213
26 years$1,678$1,263$938$688$500$183
27 years$1,598$1,189$871$630$450$158
28 years$1,524$1,120$810$577$406$136
29 years$1,456$1,057$754$529$367$117
30 years$1,392$998$702$486$332$100
31 years$1,333$944$654$446$300$86
32 years$1,277$893$611$410$271$74
33 years$1,225$846$570$377$245$64
34 years$1,176$801$533$347$222$55
35 years$1,130$760$498$319$201$47
36 years$1,086$721$466$294$182$41
37 years$1,045$685$436$271$165$35
38 years$1,007$651$408$250$150$30
39 years$970$619$383$230$136$26
40 years$935$589$359$212$123$23
41 years$902$561$336$196$112$19
42 years$871$534$315$181$101$17
43 years$841$509$296$167$92$14
44 years$813$485$278$154$84$12
45 years$786$463$261$142$76$11
46 years$760$441$245$131$69$9
47 years$735$421$230$121$63$8
48 years$712$402$216$112$57$7
49 years$689$384$203$104$52$6
50 years$668$367$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $684,000, adding $6,038 every year, while hoping to spend $58,354 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: 37/35/28 Blend
64$684,000$684,000$684,000$684,000
65$759,996$723,744$713,142$781,572
66$775,428$697,119$674,944$771,426
67$790,477$667,234$633,511$754,726
68$805,045$633,867$588,672$735,569
69$819,017$596,785$540,250$713,773
70$832,268$555,738$488,060$689,140
71$844,656$510,467$431,907$661,463
72$856,024$460,693$371,589$630,516
73$866,196$406,124$306,895$596,059
74$874,976$346,452$237,604$557,834
75$882,144$281,349$163,484$515,567
76$887,459$210,470$84,296$468,962
77$890,648$133,452$0$417,701
78$891,412$49,909$0$361,510
79$889,416$0$0$326,839
80$884,289$0$0$303,794
81$875,620$0$0$298,471
82$862,953$0$0$291,462
83$845,782$0$0$282,558
84$823,545$0$0$271,528
85$795,622$0$0$258,119
86$761,326$0$0$242,047
87$719,894$0$0$223,000
88$670,486$0$0$200,632
89$612,168$0$0$174,562
90$543,911$0$0$144,367
91$464,574$0$0$109,580
92$372,899$0$0$69,685
93$267,492$0$0$24,112
94$146,815$0$0$0
95$9,168$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0