Can I retire at age 65 with 684,000?

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 $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%12.8%
1 years$56,484$55,981$55,490$55,011$54,543$53,906
2 years$27,962$27,442$26,937$26,448$25,973$25,332
3 years$18,456$17,933$17,430$16,945$16,478$15,853
4 years$13,704$13,183$12,685$12,208$11,752$11,148
5 years$10,854$10,336$9,844$9,377$8,934$8,352
6 years$8,954$8,440$7,955$7,499$7,069$6,510
7 years$7,598$7,088$6,611$6,165$5,749$5,213
8 years$6,581$6,075$5,606$5,172$4,769$4,257
9 years$5,790$5,290$4,829$4,405$4,017$3,527
10 years$5,158$4,663$4,210$3,797$3,422$2,955
11 years$4,642$4,151$3,706$3,305$2,943$2,498
12 years$4,211$3,726$3,289$2,899$2,551$2,127
13 years$3,848$3,367$2,939$2,559$2,224$1,822
14 years$3,536$3,060$2,640$2,272$1,950$1,568
15 years$3,266$2,796$2,384$2,026$1,717$1,356
16 years$3,030$2,565$2,161$1,814$1,517$1,176
17 years$2,823$2,362$1,967$1,630$1,345$1,022
18 years$2,638$2,183$1,795$1,469$1,196$891
19 years$2,473$2,023$1,644$1,327$1,066$779
20 years$2,325$1,880$1,508$1,202$952$682
21 years$2,191$1,751$1,388$1,091$852$598
22 years$2,069$1,635$1,279$992$764$525
23 years$1,958$1,529$1,181$903$686$461
24 years$1,857$1,432$1,092$824$616$406
25 years$1,763$1,344$1,011$752$555$357
26 years$1,678$1,263$938$688$500$315
27 years$1,598$1,189$871$630$450$278
28 years$1,524$1,120$810$577$406$245
29 years$1,456$1,057$754$529$367$216
30 years$1,392$998$702$486$332$191
31 years$1,333$944$654$446$300$169
32 years$1,277$893$611$410$271$149
33 years$1,225$846$570$377$245$132
34 years$1,176$801$533$347$222$117
35 years$1,130$760$498$319$201$103
36 years$1,086$721$466$294$182$92
37 years$1,045$685$436$271$165$81
38 years$1,007$651$408$250$150$72
39 years$970$619$383$230$136$63
40 years$935$589$359$212$123$56
41 years$902$561$336$196$112$50
42 years$871$534$315$181$101$44
43 years$841$509$296$167$92$39
44 years$813$485$278$154$84$35
45 years$786$463$261$142$76$31
46 years$760$441$245$131$69$27
47 years$735$421$230$121$63$24
48 years$712$402$216$112$57$21
49 years$689$384$203$104$52$19
50 years$668$367$191$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $684,000, adding $5,656 every year, while hoping to spend $36,171 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: 83/11/6 Blend
64$684,000$684,000$684,000$684,000
65$759,602$723,350$712,748$821,906
66$798,596$720,309$698,140$860,395
67$840,355$715,906$681,829$897,182
68$885,122$710,037$663,722$936,444
69$933,167$702,590$643,718$978,408
70$984,781$693,448$621,714$1,023,320
71$1,040,287$682,486$597,600$1,071,456
72$1,100,040$669,571$571,263$1,123,116
73$1,164,427$654,563$542,583$1,178,632
74$1,233,875$637,313$511,436$1,238,370
75$1,308,853$617,664$477,692$1,302,733
76$1,389,876$595,450$441,215$1,372,164
77$1,477,511$570,494$401,863$1,447,152
78$1,572,379$542,611$359,488$1,528,236
79$1,675,164$511,602$313,934$1,616,009
80$1,786,620$477,259$265,039$1,711,125
81$1,907,573$439,362$212,636$1,814,306
82$2,038,932$397,678$156,546$1,926,344
83$2,181,699$351,960$96,586$2,048,117
84$2,336,974$301,947$32,563$2,180,589
85$2,505,968$247,366$0$2,324,824
86$2,690,015$187,925$0$2,484,284
87$2,890,580$123,317$0$2,660,346
88$3,109,278$53,218$0$2,852,361
89$3,347,884$0$0$3,061,915
90$3,608,354$0$0$3,293,503
91$3,892,840$0$0$3,553,494
92$4,203,711$0$0$3,837,611
93$4,543,576$0$0$4,148,240
94$4,915,307$0$0$4,488,008
95$5,322,065$0$0$4,859,806
96$5,767,332$0$0$5,266,820
97$6,254,942$0$0$5,712,556
98$6,789,119$0$0$6,200,875
99$7,374,510$0$0$6,736,030
100$8,016,238$0$0$7,322,705