Can I retire at age 65 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$56,567$56,063$55,571$55,091$54,623$53,151
2 years$28,003$27,482$26,976$26,486$26,011$24,539
3 years$18,483$17,960$17,455$16,970$16,502$15,076
4 years$13,724$13,202$12,703$12,226$11,770$10,400
5 years$10,870$10,351$9,858$9,391$8,947$7,638
6 years$8,967$8,452$7,967$7,510$7,080$5,832
7 years$7,609$7,098$6,620$6,174$5,758$4,571
8 years$6,591$6,084$5,615$5,179$4,776$3,651
9 years$5,799$5,298$4,836$4,412$4,022$2,957
10 years$5,166$4,670$4,216$3,803$3,427$2,421
11 years$4,649$4,157$3,712$3,310$2,948$1,998
12 years$4,218$3,731$3,294$2,903$2,554$1,660
13 years$3,853$3,372$2,943$2,563$2,227$1,387
14 years$3,541$3,065$2,644$2,275$1,953$1,163
15 years$3,271$2,800$2,387$2,029$1,719$979
16 years$3,035$2,569$2,165$1,817$1,519$827
17 years$2,827$2,366$1,970$1,632$1,347$700
18 years$2,642$2,186$1,798$1,471$1,198$593
19 years$2,477$2,026$1,646$1,329$1,068$504
20 years$2,328$1,883$1,511$1,204$954$429
21 years$2,194$1,754$1,390$1,093$853$365
22 years$2,072$1,637$1,281$993$765$311
23 years$1,961$1,531$1,182$905$687$266
24 years$1,859$1,434$1,094$825$617$227
25 years$1,766$1,346$1,013$754$555$194
26 years$1,680$1,265$939$689$500$166
27 years$1,600$1,191$872$631$451$142
28 years$1,527$1,122$811$578$407$121
29 years$1,458$1,058$755$530$368$104
30 years$1,394$1,000$703$486$332$89
31 years$1,335$945$655$447$300$76
32 years$1,279$894$611$410$272$65
33 years$1,227$847$571$377$246$56
34 years$1,178$803$533$347$223$48
35 years$1,131$761$499$320$202$41
36 years$1,088$722$467$294$183$35
37 years$1,047$686$437$271$166$30
38 years$1,008$652$409$250$150$26
39 years$971$620$383$231$136$22
40 years$937$590$359$213$123$19
41 years$903$562$337$196$112$16
42 years$872$535$316$181$102$14
43 years$842$510$296$167$92$12
44 years$814$486$278$154$84$10
45 years$787$463$261$143$76$9
46 years$761$442$245$132$69$8
47 years$736$422$230$122$63$6
48 years$713$403$217$112$57$6
49 years$690$384$204$104$52$5
50 years$669$367$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 $685,000, adding $5,178 every year, while hoping to spend $47,119 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: 64/11/25 Blend
64$685,000$685,000$685,000$685,000
65$760,211$723,906$713,289$803,567
66$787,618$709,243$687,050$818,810
67$816,242$692,283$658,352$829,751
68$846,156$672,862$627,065$840,653
69$877,441$650,810$593,048$851,517
70$910,184$625,943$556,160$862,347
71$944,480$598,071$516,247$873,147
72$980,429$566,988$473,154$883,926
73$1,018,142$532,481$426,714$894,694
74$1,057,740$494,320$376,757$905,466
75$1,099,354$452,265$323,102$916,259
76$1,143,124$406,063$265,562$927,096
77$1,189,205$355,442$203,941$938,004
78$1,237,765$300,120$138,034$949,016
79$1,288,988$239,796$67,628$960,171
80$1,343,071$174,153$0$971,516
81$1,400,233$102,855$0$985,108
82$1,460,711$25,549$0$1,018,391
83$1,524,763$0$0$1,053,444
84$1,592,674$0$0$1,097,459
85$1,664,751$0$0$1,147,480
86$1,741,333$0$0$1,200,653
87$1,822,791$0$0$1,257,238
88$1,909,528$0$0$1,317,519
89$2,001,988$0$0$1,381,808
90$2,100,655$0$0$1,450,447
91$2,206,063$0$0$1,523,809
92$2,318,793$0$0$1,602,305
93$2,439,485$0$0$1,686,384
94$2,568,838$0$0$1,776,539
95$2,707,622$0$0$1,873,311
96$2,856,680$0$0$1,977,295
97$3,016,938$0$0$2,089,142
98$3,189,412$0$0$2,209,567
99$3,375,218$0$0$2,339,356
100$3,575,581$0$0$2,479,373