Can I retire at age 65 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$56,732$56,226$55,733$55,252$54,782$53,545
2 years$28,085$27,562$27,055$26,564$26,087$24,847
3 years$18,537$18,012$17,506$17,020$16,551$15,347
4 years$13,764$13,241$12,740$12,262$11,804$10,646
5 years$10,901$10,381$9,887$9,418$8,973$7,863
6 years$8,993$8,477$7,990$7,532$7,100$6,040
7 years$7,631$7,119$6,640$6,192$5,774$4,764
8 years$6,610$6,102$5,631$5,195$4,790$3,830
9 years$5,816$5,313$4,850$4,425$4,034$3,123
10 years$5,181$4,683$4,228$3,814$3,437$2,574
11 years$4,662$4,169$3,723$3,319$2,956$2,139
12 years$4,230$3,742$3,304$2,912$2,562$1,790
13 years$3,864$3,382$2,952$2,570$2,234$1,506
14 years$3,552$3,074$2,652$2,282$1,958$1,273
15 years$3,281$2,808$2,394$2,035$1,724$1,080
16 years$3,044$2,576$2,171$1,822$1,524$919
17 years$2,835$2,373$1,975$1,637$1,351$784
18 years$2,649$2,192$1,803$1,475$1,201$670
19 years$2,484$2,032$1,651$1,333$1,071$574
20 years$2,335$1,888$1,515$1,207$956$493
21 years$2,200$1,759$1,394$1,096$856$423
22 years$2,078$1,642$1,284$996$767$364
23 years$1,967$1,535$1,186$907$689$313
24 years$1,865$1,439$1,097$828$619$270
25 years$1,771$1,350$1,016$756$557$233
26 years$1,685$1,269$942$691$502$201
27 years$1,605$1,194$875$633$452$173
28 years$1,531$1,125$813$580$408$149
29 years$1,462$1,062$757$531$369$129
30 years$1,398$1,003$705$488$333$112
31 years$1,339$948$657$448$301$96
32 years$1,283$897$613$412$272$83
33 years$1,230$849$573$379$246$72
34 years$1,181$805$535$348$223$62
35 years$1,135$763$500$321$202$54
36 years$1,091$725$468$295$183$47
37 years$1,050$688$438$272$166$40
38 years$1,011$654$410$251$150$35
39 years$974$622$384$231$136$30
40 years$939$592$360$213$124$26
41 years$906$563$338$197$112$23
42 years$875$536$317$182$102$20
43 years$845$511$297$168$92$17
44 years$816$487$279$155$84$15
45 years$789$465$262$143$76$13
46 years$763$443$246$132$69$11
47 years$739$423$231$122$63$10
48 years$715$404$217$113$57$8
49 years$692$386$204$104$52$7
50 years$671$368$192$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $687,000, adding $2,040 every year, while hoping to spend $48,548 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: 76/11/13 Blend
64$687,000$687,000$687,000$687,000
65$759,178$722,767$712,119$814,720
66$784,960$706,528$684,320$835,395
67$811,744$687,866$653,963$851,737
68$839,581$666,611$620,911$868,305
69$868,527$642,584$585,020$885,104
70$898,640$615,593$546,141$902,142
71$929,982$585,438$504,117$919,427
72$962,621$551,905$458,786$936,968
73$996,629$514,770$409,976$954,779
74$1,032,084$473,792$357,509$972,872
75$1,069,071$428,722$301,199$991,265
76$1,107,679$379,292$240,852$1,009,976
77$1,148,006$325,221$176,265$1,029,028
78$1,190,158$266,213$107,225$1,048,445
79$1,234,248$201,952$33,512$1,068,259
80$1,280,401$132,107$0$1,088,504
81$1,328,750$56,328$0$1,115,481
82$1,379,439$0$0$1,148,341
83$1,432,626$0$0$1,185,633
84$1,488,481$0$0$1,231,965
85$1,547,190$0$0$1,280,673
86$1,608,954$0$0$1,331,925
87$1,673,993$0$0$1,385,905
88$1,742,544$0$0$1,442,811
89$1,814,869$0$0$1,502,861
90$1,891,250$0$0$1,566,292
91$1,971,996$0$0$1,633,363
92$2,057,446$0$0$1,704,355
93$2,147,968$0$0$1,779,576
94$2,243,963$0$0$1,859,363
95$2,345,873$0$0$1,944,084
96$2,454,177$0$0$2,034,142
97$2,569,403$0$0$2,129,975
98$2,692,126$0$0$2,232,067
99$2,822,978$0$0$2,340,944
100$2,962,648$0$0$2,457,185