Can I retire at age 65 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$57,145$56,636$56,139$55,654$55,181$53,244
2 years$28,289$27,763$27,252$26,757$26,277$24,346
3 years$18,672$18,143$17,634$17,143$16,671$14,807
4 years$13,865$13,337$12,833$12,351$11,890$10,106
5 years$10,981$10,456$9,959$9,487$9,039$7,340
6 years$9,059$8,539$8,048$7,587$7,152$5,540
7 years$7,687$7,171$6,688$6,237$5,816$4,291
8 years$6,658$6,147$5,672$5,232$4,825$3,385
9 years$5,858$5,352$4,885$4,457$4,064$2,707
10 years$5,219$4,717$4,259$3,842$3,462$2,187
11 years$4,696$4,199$3,750$3,344$2,978$1,781
12 years$4,261$3,769$3,328$2,933$2,580$1,459
13 years$3,893$3,406$2,973$2,589$2,250$1,202
14 years$3,577$3,096$2,671$2,298$1,973$993
15 years$3,304$2,828$2,412$2,050$1,737$824
16 years$3,066$2,595$2,187$1,835$1,535$685
17 years$2,856$2,390$1,990$1,649$1,361$571
18 years$2,669$2,208$1,816$1,486$1,210$477
19 years$2,502$2,047$1,663$1,343$1,079$399
20 years$2,352$1,902$1,526$1,216$963$334
21 years$2,216$1,772$1,404$1,104$862$280
22 years$2,093$1,654$1,294$1,004$773$235
23 years$1,981$1,547$1,195$914$694$197
24 years$1,878$1,449$1,105$834$624$165
25 years$1,784$1,360$1,023$761$561$139
26 years$1,697$1,278$949$696$505$117
27 years$1,617$1,203$881$637$456$98
28 years$1,542$1,133$819$584$411$83
29 years$1,473$1,069$762$535$371$70
30 years$1,409$1,010$710$491$335$58
31 years$1,348$955$662$451$303$49
32 years$1,292$903$618$415$274$41
33 years$1,239$855$577$381$248$35
34 years$1,190$811$539$351$225$29
35 years$1,143$769$504$323$204$25
36 years$1,099$730$471$297$184$21
37 years$1,058$693$441$274$167$18
38 years$1,018$659$413$253$152$15
39 years$981$626$387$233$137$12
40 years$946$596$363$215$125$10
41 years$913$567$340$198$113$9
42 years$881$540$319$183$103$7
43 years$851$515$299$169$93$6
44 years$822$491$281$156$85$5
45 years$795$468$264$144$77$4
46 years$769$446$248$133$70$4
47 years$744$426$233$123$63$3
48 years$720$407$219$114$57$3
49 years$697$388$206$105$52$2
50 years$676$371$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 $692,000, adding $2,769 every year, while hoping to spend $27,040 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: 66/10/24 Blend
64$692,000$692,000$692,000$692,000
65$765,440$728,764$718,038$811,040
66$814,745$735,703$713,322$848,997
67$868,172$742,076$707,542$887,163
68$926,114$747,826$700,633$928,270
69$989,002$752,894$692,529$972,609
70$1,057,310$757,216$683,158$1,020,499
71$1,131,559$760,723$672,447$1,072,296
72$1,212,324$763,344$660,320$1,128,389
73$1,300,235$765,002$646,694$1,189,211
74$1,395,987$765,614$631,486$1,255,235
75$1,500,344$765,096$614,608$1,326,988
76$1,614,147$763,354$595,965$1,405,049
77$1,738,322$760,291$575,463$1,490,057
78$1,873,889$755,803$552,998$1,582,716
79$2,021,968$749,780$528,467$1,683,807
80$2,183,796$742,106$501,757$1,794,186
81$2,360,730$732,656$472,753$1,914,801
82$2,554,269$721,301$441,335$2,046,697
83$2,766,061$707,901$407,375$2,191,028
84$2,997,919$692,308$370,743$2,349,064
85$3,251,844$674,368$331,299$2,522,210
86$3,530,035$653,915$288,901$2,712,013
87$3,834,916$630,775$243,397$2,920,181
88$4,169,157$604,762$194,630$3,148,596
89$4,535,698$575,682$142,437$3,399,335
90$4,937,776$543,327$86,646$3,674,691
91$5,378,959$507,480$27,078$3,977,189
92$5,863,174$467,908$0$4,309,617
93$6,394,749$424,367$0$4,684,393
94$6,978,452$376,599$0$5,103,570
95$7,619,532$324,331$0$5,563,995
96$8,323,775$267,273$0$6,069,846
97$9,097,553$205,122$0$6,625,724
98$9,947,885$137,556$0$7,236,703
99$10,882,507$64,233$0$7,908,370
100$11,909,938$0$0$8,646,885