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%18.9%
1 years$57,062$56,554$56,058$55,574$55,101$53,125
2 years$28,249$27,722$27,213$26,718$26,239$24,269
3 years$18,645$18,117$17,608$17,119$16,647$14,746
4 years$13,845$13,318$12,814$12,333$11,873$10,055
5 years$10,965$10,441$9,944$9,473$9,025$7,295
6 years$9,046$8,526$8,037$7,576$7,142$5,500
7 years$7,676$7,160$6,678$6,228$5,808$4,255
8 years$6,648$6,138$5,664$5,225$4,818$3,353
9 years$5,850$5,344$4,878$4,450$4,058$2,678
10 years$5,211$4,710$4,253$3,836$3,457$2,161
11 years$4,689$4,193$3,744$3,339$2,973$1,757
12 years$4,255$3,764$3,323$2,928$2,577$1,438
13 years$3,887$3,401$2,969$2,585$2,247$1,182
14 years$3,572$3,092$2,668$2,295$1,970$976
15 years$3,300$2,824$2,408$2,047$1,734$808
16 years$3,061$2,591$2,184$1,833$1,533$671
17 years$2,851$2,386$1,987$1,647$1,359$559
18 years$2,665$2,205$1,814$1,484$1,208$466
19 years$2,498$2,044$1,660$1,341$1,077$389
20 years$2,348$1,899$1,524$1,214$962$325
21 years$2,213$1,769$1,402$1,102$861$272
22 years$2,090$1,651$1,292$1,002$772$228
23 years$1,978$1,544$1,193$913$693$191
24 years$1,876$1,447$1,103$832$623$160
25 years$1,782$1,358$1,022$760$560$134
26 years$1,695$1,276$948$695$505$113
27 years$1,614$1,201$880$636$455$95
28 years$1,540$1,132$818$583$411$79
29 years$1,471$1,068$761$535$371$67
30 years$1,407$1,008$709$491$335$56
31 years$1,346$953$661$451$303$47
32 years$1,290$902$617$414$274$40
33 years$1,237$854$576$381$248$33
34 years$1,188$810$538$350$224$28
35 years$1,141$768$503$323$203$24
36 years$1,097$729$471$297$184$20
37 years$1,056$692$440$274$167$17
38 years$1,017$658$412$252$151$14
39 years$980$626$386$233$137$12
40 years$945$595$362$215$124$10
41 years$911$567$340$198$113$8
42 years$880$540$319$183$102$7
43 years$850$514$299$169$93$6
44 years$821$490$281$156$84$5
45 years$794$467$264$144$77$4
46 years$768$446$247$133$70$3
47 years$743$425$233$123$63$3
48 years$719$406$218$113$57$2
49 years$696$388$205$105$52$2
50 years$675$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $691,000, adding $6,418 every year, while hoping to spend $41,518 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: 82/7/11 Blend
64$691,000$691,000$691,000$691,000
65$768,102$731,479$720,769$829,140
66$802,274$723,147$700,740$861,740
67$838,539$713,015$678,648$891,382
68$877,069$700,951$654,381$922,684
69$918,047$686,815$627,821$955,791
70$961,679$670,460$598,843$990,861
71$1,008,185$651,727$567,320$1,028,070
72$1,057,811$630,452$533,115$1,067,610
73$1,110,822$606,459$496,089$1,109,694
74$1,167,511$579,561$456,093$1,154,556
75$1,228,199$549,561$412,974$1,202,453
76$1,293,238$516,252$366,571$1,253,670
77$1,363,013$479,413$316,717$1,308,521
78$1,437,948$438,812$263,234$1,367,352
79$1,518,507$394,203$205,941$1,430,543
80$1,605,201$345,325$144,647$1,498,515
81$1,698,590$291,904$79,151$1,571,731
82$1,799,289$233,650$9,245$1,650,702
83$1,907,973$170,256$0$1,735,993
84$2,025,386$101,398$0$1,835,895
85$2,152,343$26,734$0$1,945,080
86$2,289,741$0$0$2,063,246
87$2,438,566$0$0$2,195,421
88$2,599,902$0$0$2,340,954
89$2,774,942$0$0$2,498,862
90$2,964,996$0$0$2,670,329
91$3,171,507$0$0$2,856,657
92$3,396,060$0$0$3,059,281
93$3,640,400$0$0$3,279,777
94$3,906,449$0$0$3,519,880
95$4,196,319$0$0$3,781,498
96$4,512,334$0$0$4,066,733
97$4,857,056$0$0$4,377,897
98$5,233,299$0$0$4,717,534
99$5,644,165$0$0$5,088,447
100$6,093,067$0$0$5,493,720