Can I retire at age 65 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$57,062$56,554$56,058$55,574$55,101$54,754
2 years$28,249$27,722$27,213$26,718$26,239$25,888
3 years$18,645$18,117$17,608$17,119$16,647$16,304
4 years$13,845$13,318$12,814$12,333$11,873$11,541
5 years$10,965$10,441$9,944$9,473$9,025$8,705
6 years$9,046$8,526$8,037$7,576$7,142$6,833
7 years$7,676$7,160$6,678$6,228$5,808$5,511
8 years$6,648$6,138$5,664$5,225$4,818$4,534
9 years$5,850$5,344$4,878$4,450$4,058$3,785
10 years$5,211$4,710$4,253$3,836$3,457$3,196
11 years$4,689$4,193$3,744$3,339$2,973$2,724
12 years$4,255$3,764$3,323$2,928$2,577$2,339
13 years$3,887$3,401$2,969$2,585$2,247$2,020
14 years$3,572$3,092$2,668$2,295$1,970$1,754
15 years$3,300$2,824$2,408$2,047$1,734$1,529
16 years$3,061$2,591$2,184$1,833$1,533$1,338
17 years$2,851$2,386$1,987$1,647$1,359$1,174
18 years$2,665$2,205$1,814$1,484$1,208$1,033
19 years$2,498$2,044$1,660$1,341$1,077$911
20 years$2,348$1,899$1,524$1,214$962$805
21 years$2,213$1,769$1,402$1,102$861$713
22 years$2,090$1,651$1,292$1,002$772$632
23 years$1,978$1,544$1,193$913$693$561
24 years$1,876$1,447$1,103$832$623$498
25 years$1,782$1,358$1,022$760$560$443
26 years$1,695$1,276$948$695$505$395
27 years$1,614$1,201$880$636$455$352
28 years$1,540$1,132$818$583$411$314
29 years$1,471$1,068$761$535$371$280
30 years$1,407$1,008$709$491$335$250
31 years$1,346$953$661$451$303$223
32 years$1,290$902$617$414$274$199
33 years$1,237$854$576$381$248$178
34 years$1,188$810$538$350$224$159
35 years$1,141$768$503$323$203$143
36 years$1,097$729$471$297$184$128
37 years$1,056$692$440$274$167$114
38 years$1,017$658$412$252$151$102
39 years$980$626$386$233$137$92
40 years$945$595$362$215$124$82
41 years$911$567$340$198$113$73
42 years$880$540$319$183$102$66
43 years$850$514$299$169$93$59
44 years$821$490$281$156$84$53
45 years$794$467$264$144$77$47
46 years$768$446$247$133$70$42
47 years$743$425$233$123$63$38
48 years$719$406$218$113$57$34
49 years$696$388$205$105$52$31
50 years$675$370$193$97$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $691,000, adding $3,373 every year, while hoping to spend $41,161 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: 63/26/11 Blend
64$691,000$691,000$691,000$691,000
65$764,961$728,338$717,628$811,032
66$799,192$720,232$697,873$834,155
67$835,535$710,349$676,078$854,324
68$874,162$698,558$652,129$875,318
69$915,262$684,722$625,910$897,215
70$959,039$668,694$597,298$920,106
71$1,005,720$650,319$566,166$944,090
72$1,055,551$629,433$532,381$969,278
73$1,108,804$605,861$495,802$995,796
74$1,165,774$579,420$456,283$1,023,782
75$1,226,787$549,916$413,673$1,053,393
76$1,292,199$517,142$367,812$1,084,801
77$1,362,403$480,882$318,532$1,118,200
78$1,437,827$440,904$265,662$1,153,806
79$1,518,943$396,965$209,019$1,191,860
80$1,606,267$348,809$148,414$1,232,629
81$1,700,370$296,164$83,649$1,276,411
82$1,801,874$238,742$14,517$1,323,538
83$1,911,465$176,241$0$1,374,379
84$2,029,898$108,340$0$1,436,300
85$2,158,000$34,701$0$1,505,072
86$2,296,681$0$0$1,579,524
87$2,446,943$0$0$1,673,133
88$2,609,885$0$0$1,785,448
89$2,786,719$0$0$1,907,382
90$2,978,773$0$0$2,039,857
91$3,187,514$0$0$2,183,889
92$3,414,550$0$0$2,340,596
93$3,661,655$0$0$2,511,206
94$3,930,777$0$0$2,697,072
95$4,224,061$0$0$2,899,683
96$4,543,870$0$0$3,120,676
97$4,892,801$0$0$3,361,856
98$5,273,715$0$0$3,625,206
99$5,689,761$0$0$3,912,912
100$6,144,404$0$0$4,227,379