Can I retire at age 65 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,980$56,472$55,977$55,494$55,022$54,424
2 years$28,208$27,682$27,173$26,680$26,201$25,599
3 years$18,618$18,091$17,583$17,094$16,623$16,036
4 years$13,825$13,299$12,796$12,315$11,856$11,288
5 years$10,949$10,426$9,930$9,459$9,012$8,465
6 years$9,033$8,514$8,025$7,565$7,131$6,606
7 years$7,664$7,150$6,669$6,219$5,800$5,296
8 years$6,639$6,129$5,656$5,217$4,811$4,329
9 years$5,841$5,336$4,871$4,444$4,052$3,591
10 years$5,204$4,704$4,247$3,831$3,452$3,013
11 years$4,682$4,187$3,739$3,334$2,969$2,550
12 years$4,248$3,758$3,318$2,924$2,573$2,174
13 years$3,881$3,396$2,965$2,582$2,244$1,865
14 years$3,567$3,087$2,664$2,292$1,967$1,607
15 years$3,295$2,820$2,405$2,044$1,732$1,391
16 years$3,057$2,588$2,180$1,830$1,531$1,208
17 years$2,847$2,383$1,984$1,644$1,357$1,052
18 years$2,661$2,202$1,811$1,482$1,207$918
19 years$2,495$2,041$1,658$1,339$1,075$804
20 years$2,345$1,896$1,522$1,213$961$704
21 years$2,210$1,766$1,400$1,101$860$619
22 years$2,087$1,649$1,290$1,001$771$544
23 years$1,975$1,542$1,191$911$692$479
24 years$1,873$1,445$1,102$831$622$422
25 years$1,779$1,356$1,020$759$559$372
26 years$1,692$1,274$946$694$504$328
27 years$1,612$1,199$879$635$454$290
28 years$1,538$1,130$817$582$410$256
29 years$1,469$1,066$760$534$370$227
30 years$1,405$1,007$708$490$334$201
31 years$1,345$952$660$450$302$178
32 years$1,288$901$616$413$274$157
33 years$1,236$853$575$380$248$139
34 years$1,186$808$537$350$224$123
35 years$1,140$767$502$322$203$109
36 years$1,096$728$470$297$184$97
37 years$1,055$691$440$273$167$86
38 years$1,015$657$412$252$151$76
39 years$978$625$386$232$137$68
40 years$943$594$362$214$124$60
41 years$910$566$339$198$113$53
42 years$878$539$318$182$102$47
43 years$848$513$299$168$93$42
44 years$820$489$280$155$84$37
45 years$793$467$263$144$77$33
46 years$767$445$247$133$69$29
47 years$742$425$232$123$63$26
48 years$718$406$218$113$57$23
49 years$695$387$205$105$52$21
50 years$674$370$193$97$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $690,000, adding $6,054 every year, while hoping to spend $59,704 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: 88/6/6 Blend
64$690,000$690,000$690,000$690,000
65$766,625$730,055$719,360$833,408
66$781,296$702,303$679,934$850,051
67$795,462$671,190$637,186$859,370
68$809,010$636,489$590,942$867,652
69$821,810$597,958$541,020$874,746
70$833,720$555,343$487,229$880,486
71$844,579$508,374$429,371$884,687
72$854,209$456,768$367,238$887,146
73$862,411$400,222$300,613$887,638
74$868,964$338,420$229,270$885,914
75$873,620$271,025$152,973$881,700
76$876,107$197,682$71,474$874,691
77$876,118$118,016$0$864,554
78$873,315$31,633$0$851,911
79$867,324$0$0$840,309
80$857,726$0$0$828,823
81$844,061$0$0$815,478
82$825,816$0$0$797,688
83$802,422$0$0$774,903
84$773,253$0$0$746,513
85$737,611$0$0$711,843
86$694,726$0$0$670,146
87$643,747$0$0$620,595
88$583,729$0$0$562,277
89$513,631$0$0$494,179
90$432,299$0$0$415,183
91$338,460$0$0$324,053
92$230,703$0$0$219,424
93$107,474$0$0$99,785
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0