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%13.3%
1 years$56,980$56,472$55,977$55,494$55,022$54,267
2 years$28,208$27,682$27,173$26,680$26,201$25,441
3 years$18,618$18,091$17,583$17,094$16,623$15,883
4 years$13,825$13,299$12,796$12,315$11,856$11,140
5 years$10,949$10,426$9,930$9,459$9,012$8,324
6 years$9,033$8,514$8,025$7,565$7,131$6,471
7 years$7,664$7,150$6,669$6,219$5,800$5,168
8 years$6,639$6,129$5,656$5,217$4,811$4,207
9 years$5,841$5,336$4,871$4,444$4,052$3,476
10 years$5,204$4,704$4,247$3,831$3,452$2,904
11 years$4,682$4,187$3,739$3,334$2,969$2,447
12 years$4,248$3,758$3,318$2,924$2,573$2,077
13 years$3,881$3,396$2,965$2,582$2,244$1,773
14 years$3,567$3,087$2,664$2,292$1,967$1,521
15 years$3,295$2,820$2,405$2,044$1,732$1,310
16 years$3,057$2,588$2,180$1,830$1,531$1,132
17 years$2,847$2,383$1,984$1,644$1,357$981
18 years$2,661$2,202$1,811$1,482$1,207$853
19 years$2,495$2,041$1,658$1,339$1,075$742
20 years$2,345$1,896$1,522$1,213$961$647
21 years$2,210$1,766$1,400$1,101$860$565
22 years$2,087$1,649$1,290$1,001$771$494
23 years$1,975$1,542$1,191$911$692$433
24 years$1,873$1,445$1,102$831$622$379
25 years$1,779$1,356$1,020$759$559$333
26 years$1,692$1,274$946$694$504$292
27 years$1,612$1,199$879$635$454$257
28 years$1,538$1,130$817$582$410$226
29 years$1,469$1,066$760$534$370$198
30 years$1,405$1,007$708$490$334$175
31 years$1,345$952$660$450$302$154
32 years$1,288$901$616$413$274$135
33 years$1,236$853$575$380$248$119
34 years$1,186$808$537$350$224$105
35 years$1,140$767$502$322$203$92
36 years$1,096$728$470$297$184$81
37 years$1,055$691$440$273$167$72
38 years$1,015$657$412$252$151$63
39 years$978$625$386$232$137$56
40 years$943$594$362$214$124$49
41 years$910$566$339$198$113$43
42 years$878$539$318$182$102$38
43 years$848$513$299$168$93$34
44 years$820$489$280$155$84$30
45 years$793$467$263$144$77$26
46 years$767$445$247$133$69$23
47 years$742$425$232$123$63$20
48 years$718$406$218$113$57$18
49 years$695$387$205$105$52$16
50 years$674$370$193$97$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $690,000, adding $4,621 every year, while hoping to spend $37,739 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: 59/27/14 Blend
64$690,000$690,000$690,000$690,000
65$765,147$728,577$717,882$807,336
66$803,038$724,123$701,777$831,888
67$843,528$718,186$683,867$854,041
68$886,845$710,654$664,053$877,306
69$933,234$701,406$642,230$901,795
70$982,966$690,318$618,287$927,634
71$1,036,339$677,254$592,110$954,960
72$1,093,679$662,073$563,579$983,929
73$1,155,344$644,624$532,569$1,014,713
74$1,221,728$624,749$498,949$1,047,503
75$1,293,262$602,279$462,581$1,082,513
76$1,370,420$577,036$423,323$1,119,981
77$1,453,723$548,832$381,025$1,160,169
78$1,543,744$517,466$335,530$1,203,372
79$1,641,113$482,728$286,677$1,249,914
80$1,746,519$444,395$234,294$1,300,159
81$1,860,725$402,231$178,204$1,354,508
82$1,984,566$355,987$118,220$1,413,408
83$2,118,961$305,400$54,150$1,477,353
84$2,264,921$250,191$0$1,546,892
85$2,423,559$190,066$0$1,624,762
86$2,596,097$124,715$0$1,718,282
87$2,783,883$53,809$0$1,820,137
88$2,988,397$0$0$1,931,192
89$3,211,268$0$0$2,059,237
90$3,454,292$0$0$2,216,342
91$3,719,441$0$0$2,387,806
92$4,008,889$0$0$2,575,038
93$4,325,027$0$0$2,779,594
94$4,670,490$0$0$3,003,185
95$5,048,176$0$0$3,247,694
96$5,461,276$0$0$3,515,196
97$5,913,305$0$0$3,807,975
98$6,408,134$0$0$4,128,545
99$6,950,022$0$0$4,479,676
100$7,543,663$0$0$4,864,418