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%12.7%
1 years$56,814$56,308$55,815$55,333$54,862$54,244
2 years$28,126$27,602$27,094$26,602$26,125$25,503
3 years$18,564$18,038$17,532$17,044$16,575$15,968
4 years$13,785$13,260$12,759$12,279$11,821$11,234
5 years$10,917$10,396$9,901$9,432$8,986$8,421
6 years$9,007$8,489$8,002$7,543$7,111$6,567
7 years$7,642$7,129$6,649$6,201$5,783$5,262
8 years$6,619$6,111$5,639$5,202$4,797$4,299
9 years$5,824$5,321$4,857$4,431$4,040$3,564
10 years$5,189$4,690$4,235$3,820$3,442$2,988
11 years$4,669$4,175$3,728$3,324$2,961$2,528
12 years$4,236$3,747$3,309$2,916$2,566$2,154
13 years$3,870$3,387$2,956$2,574$2,237$1,846
14 years$3,557$3,078$2,656$2,285$1,961$1,590
15 years$3,285$2,812$2,398$2,038$1,727$1,375
16 years$3,048$2,580$2,174$1,825$1,526$1,193
17 years$2,839$2,376$1,978$1,639$1,353$1,039
18 years$2,653$2,196$1,806$1,477$1,203$906
19 years$2,487$2,035$1,653$1,335$1,072$792
20 years$2,338$1,891$1,517$1,209$958$694
21 years$2,204$1,761$1,396$1,097$857$609
22 years$2,081$1,644$1,286$998$768$535
23 years$1,970$1,538$1,188$909$690$471
24 years$1,868$1,441$1,098$829$620$414
25 years$1,774$1,352$1,017$757$558$365
26 years$1,687$1,271$944$692$502$322
27 years$1,607$1,196$876$633$453$284
28 years$1,533$1,127$814$580$409$251
29 years$1,465$1,063$758$532$369$222
30 years$1,400$1,004$706$488$334$196
31 years$1,341$949$658$449$302$174
32 years$1,285$898$614$412$273$154
33 years$1,232$850$573$379$247$136
34 years$1,183$806$536$349$223$120
35 years$1,136$765$501$321$202$107
36 years$1,093$726$469$296$183$94
37 years$1,051$689$439$272$166$84
38 years$1,012$655$411$251$151$74
39 years$976$623$385$232$137$66
40 years$941$593$361$214$124$58
41 years$907$564$338$197$112$52
42 years$876$537$317$182$102$46
43 years$846$512$298$168$93$41
44 years$817$488$279$155$84$36
45 years$790$465$262$143$76$32
46 years$764$444$246$132$69$28
47 years$740$424$232$122$63$25
48 years$716$404$218$113$57$22
49 years$693$386$204$104$52$20
50 years$672$369$192$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $688,000, adding $6,741 every year, while hoping to spend $37,040 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: 85/10/5 Blend
64$688,000$688,000$688,000$688,000
65$765,129$728,665$718,001$829,588
66$803,762$724,960$702,644$868,918
67$845,094$719,831$685,531$906,327
68$889,362$713,170$666,564$946,233
69$936,824$704,863$645,641$988,861
70$987,764$694,785$622,654$1,034,459
71$1,042,495$682,809$597,492$1,083,300
72$1,101,359$668,796$570,038$1,135,684
73$1,164,731$652,601$540,168$1,191,942
74$1,233,026$634,070$507,755$1,252,439
75$1,306,695$613,040$472,666$1,317,574
76$1,386,237$589,339$434,759$1,387,789
77$1,472,200$562,783$393,891$1,463,571
78$1,565,185$533,180$349,906$1,545,454
79$1,665,853$500,325$302,648$1,634,030
80$1,774,932$464,002$251,948$1,729,947
81$1,893,220$423,984$197,633$1,833,921
82$2,021,597$380,027$139,522$1,946,742
83$2,161,029$331,878$77,425$2,069,279
84$2,312,580$279,266$11,145$2,202,489
85$2,477,419$221,906$0$2,347,427
86$2,656,835$159,498$0$2,508,437
87$2,852,242$91,724$0$2,684,461
88$3,065,200$18,247$0$2,876,330
89$3,297,423$0$0$3,085,613
90$3,550,800$0$0$3,320,783
91$3,827,408$0$0$3,579,716
92$4,129,534$0$0$3,862,547
93$4,459,697$0$0$4,171,634
94$4,820,668$0$0$4,509,575
95$5,215,500$0$0$4,879,226
96$5,647,553$0$0$5,283,737
97$6,120,528$0$0$5,726,574
98$6,638,499$0$0$6,211,552
99$7,205,955$0$0$6,742,875
100$7,827,836$0$0$7,325,173