Can I retire at age 65 with 687,000?

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 $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%13.1%
1 years$56,732$56,226$55,733$55,252$54,782$54,075
2 years$28,085$27,562$27,055$26,564$26,087$25,376
3 years$18,537$18,012$17,506$17,020$16,551$15,857
4 years$13,764$13,241$12,740$12,262$11,804$11,134
5 years$10,901$10,381$9,887$9,418$8,973$8,328
6 years$8,993$8,477$7,990$7,532$7,100$6,481
7 years$7,631$7,119$6,640$6,192$5,774$5,181
8 years$6,610$6,102$5,631$5,195$4,790$4,223
9 years$5,816$5,313$4,850$4,425$4,034$3,493
10 years$5,181$4,683$4,228$3,814$3,437$2,922
11 years$4,662$4,169$3,723$3,319$2,956$2,465
12 years$4,230$3,742$3,304$2,912$2,562$2,095
13 years$3,864$3,382$2,952$2,570$2,234$1,791
14 years$3,552$3,074$2,652$2,282$1,958$1,539
15 years$3,281$2,808$2,394$2,035$1,724$1,327
16 years$3,044$2,576$2,171$1,822$1,524$1,148
17 years$2,835$2,373$1,975$1,637$1,351$997
18 years$2,649$2,192$1,803$1,475$1,201$867
19 years$2,484$2,032$1,651$1,333$1,071$756
20 years$2,335$1,888$1,515$1,207$956$660
21 years$2,200$1,759$1,394$1,096$856$578
22 years$2,078$1,642$1,284$996$767$506
23 years$1,967$1,535$1,186$907$689$444
24 years$1,865$1,439$1,097$828$619$389
25 years$1,771$1,350$1,016$756$557$342
26 years$1,685$1,269$942$691$502$301
27 years$1,605$1,194$875$633$452$265
28 years$1,531$1,125$813$580$408$233
29 years$1,462$1,062$757$531$369$205
30 years$1,398$1,003$705$488$333$181
31 years$1,339$948$657$448$301$159
32 years$1,283$897$613$412$272$141
33 years$1,230$849$573$379$246$124
34 years$1,181$805$535$348$223$109
35 years$1,135$763$500$321$202$97
36 years$1,091$725$468$295$183$85
37 years$1,050$688$438$272$166$75
38 years$1,011$654$410$251$150$66
39 years$974$622$384$231$136$59
40 years$939$592$360$213$124$52
41 years$906$563$338$197$112$46
42 years$875$536$317$182$102$40
43 years$845$511$297$168$92$36
44 years$816$487$279$155$84$32
45 years$789$465$262$143$76$28
46 years$763$443$246$132$69$25
47 years$739$423$231$122$63$22
48 years$715$404$217$113$57$19
49 years$692$386$204$104$52$17
50 years$671$368$192$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $687,000, adding $4,044 every year, while hoping to spend $25,018 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: 59/12/29 Blend
64$687,000$687,000$687,000$687,000
65$761,245$724,834$714,186$799,925
66$812,273$733,732$711,492$835,748
67$867,668$742,228$707,870$871,812
68$927,848$750,275$703,261$910,637
69$993,274$757,823$697,606$952,498
70$1,064,453$764,822$690,841$997,700
71$1,141,943$771,214$682,900$1,046,580
72$1,226,358$776,941$673,714$1,099,506
73$1,318,373$781,938$663,210$1,156,890
74$1,418,732$786,138$651,313$1,219,184
75$1,528,253$789,469$637,942$1,286,885
76$1,647,837$791,855$623,015$1,360,547
77$1,778,475$793,214$606,445$1,440,776
78$1,921,259$793,461$588,140$1,528,246
79$2,077,390$792,503$568,005$1,623,696
80$2,248,191$790,243$545,941$1,727,945
81$2,435,120$786,578$521,843$1,841,897
82$2,639,780$781,399$495,603$1,966,548
83$2,863,939$774,588$467,107$2,102,997
84$3,109,541$766,023$436,235$2,252,460
85$3,378,729$755,573$402,864$2,416,274
86$3,673,863$743,100$366,863$2,595,918
87$3,997,541$728,456$328,097$2,793,024
88$4,352,626$711,486$286,424$3,009,389
89$4,742,271$692,026$241,697$3,246,998
90$5,169,949$669,901$193,759$3,508,043
91$5,639,484$644,927$142,451$3,794,938
92$6,155,092$616,909$87,603$4,110,348
93$6,721,413$585,639$29,040$4,457,212
94$7,343,562$550,901$0$4,838,774
95$8,027,172$512,462$0$5,268,962
96$8,778,449$470,078$0$5,751,631
97$9,604,231$423,491$0$6,282,197
98$10,512,049$372,429$0$6,865,523
99$11,510,202$316,602$0$7,506,968
100$12,607,833$255,706$0$8,212,438