Can I retire at age 65 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$56,814$56,308$55,815$55,333$54,862$53,170
2 years$28,126$27,602$27,094$26,602$26,125$24,435
3 years$18,564$18,038$17,532$17,044$16,575$14,940
4 years$13,785$13,260$12,759$12,279$11,821$10,254
5 years$10,917$10,396$9,901$9,432$8,986$7,491
6 years$9,007$8,489$8,002$7,543$7,111$5,688
7 years$7,642$7,129$6,649$6,201$5,783$4,434
8 years$6,619$6,111$5,639$5,202$4,797$3,520
9 years$5,824$5,321$4,857$4,431$4,040$2,834
10 years$5,189$4,690$4,235$3,820$3,442$2,305
11 years$4,669$4,175$3,728$3,324$2,961$1,891
12 years$4,236$3,747$3,309$2,916$2,566$1,561
13 years$3,870$3,387$2,956$2,574$2,237$1,295
14 years$3,557$3,078$2,656$2,285$1,961$1,079
15 years$3,285$2,812$2,398$2,038$1,727$902
16 years$3,048$2,580$2,174$1,825$1,526$756
17 years$2,839$2,376$1,978$1,639$1,353$635
18 years$2,653$2,196$1,806$1,477$1,203$535
19 years$2,487$2,035$1,653$1,335$1,072$451
20 years$2,338$1,891$1,517$1,209$958$380
21 years$2,204$1,761$1,396$1,097$857$322
22 years$2,081$1,644$1,286$998$768$272
23 years$1,970$1,538$1,188$909$690$230
24 years$1,868$1,441$1,098$829$620$195
25 years$1,774$1,352$1,017$757$558$165
26 years$1,687$1,271$944$692$502$140
27 years$1,607$1,196$876$633$453$119
28 years$1,533$1,127$814$580$409$101
29 years$1,465$1,063$758$532$369$86
30 years$1,400$1,004$706$488$334$73
31 years$1,341$949$658$449$302$62
32 years$1,285$898$614$412$273$53
33 years$1,232$850$573$379$247$45
34 years$1,183$806$536$349$223$38
35 years$1,136$765$501$321$202$32
36 years$1,093$726$469$296$183$27
37 years$1,051$689$439$272$166$23
38 years$1,012$655$411$251$151$20
39 years$976$623$385$232$137$17
40 years$941$593$361$214$124$14
41 years$907$564$338$197$112$12
42 years$876$537$317$182$102$10
43 years$846$512$298$168$93$9
44 years$817$488$279$155$84$7
45 years$790$465$262$143$76$6
46 years$764$444$246$132$69$5
47 years$740$424$232$122$63$5
48 years$716$404$218$113$57$4
49 years$693$386$204$104$52$3
50 years$672$369$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $688,000, adding $4,201 every year, while hoping to spend $41,462 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: 57/28/15 Blend
64$688,000$688,000$688,000$688,000
65$762,509$726,045$715,381$802,785
66$796,170$717,506$695,231$822,022
67$831,875$707,159$673,017$838,074
68$869,787$694,872$648,625$854,608
69$910,089$680,504$621,937$871,679
70$952,976$663,906$592,830$889,348
71$998,664$644,923$561,174$907,685
72$1,047,390$623,386$526,836$926,767
73$1,099,412$599,120$489,673$946,684
74$1,155,014$571,939$449,539$967,537
75$1,214,506$541,645$406,279$989,439
76$1,278,230$508,029$359,733$1,012,518
77$1,346,558$470,871$309,733$1,036,918
78$1,419,901$429,938$256,103$1,062,802
79$1,498,709$384,983$198,661$1,090,350
80$1,583,476$335,745$137,214$1,119,767
81$1,674,743$281,950$71,564$1,151,283
82$1,773,107$223,306$1,501$1,185,153
83$1,879,222$159,506$0$1,221,665
84$1,993,806$90,225$0$1,272,866
85$2,117,649$15,121$0$1,328,408
86$2,251,620$0$0$1,388,488
87$2,396,671$0$0$1,473,980
88$2,553,852$0$0$1,571,721
89$2,724,316$0$0$1,677,774
90$2,909,331$0$0$1,792,935
91$3,110,293$0$0$1,918,079
92$3,328,736$0$0$2,054,170
93$3,566,348$0$0$2,202,266
94$3,824,985$0$0$2,363,532
95$4,106,692$0$0$2,539,252
96$4,413,716$0$0$2,730,836
97$4,748,534$0$0$2,939,839
98$5,113,869$0$0$3,167,969
99$5,512,719$0$0$3,417,108
100$5,948,385$0$0$3,689,329