Can I retire at age 65 with 692,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$57,145$56,636$56,139$55,654$55,181$54,673
2 years$28,289$27,763$27,252$26,757$26,277$25,765
3 years$18,672$18,143$17,634$17,143$16,671$16,171
4 years$13,865$13,337$12,833$12,351$11,890$11,406
5 years$10,981$10,456$9,959$9,487$9,039$8,572
6 years$9,059$8,539$8,048$7,587$7,152$6,703
7 years$7,687$7,171$6,688$6,237$5,816$5,386
8 years$6,658$6,147$5,672$5,232$4,825$4,413
9 years$5,858$5,352$4,885$4,457$4,064$3,669
10 years$5,219$4,717$4,259$3,842$3,462$3,086
11 years$4,696$4,199$3,750$3,344$2,978$2,618
12 years$4,261$3,769$3,328$2,933$2,580$2,238
13 years$3,893$3,406$2,973$2,589$2,250$1,925
14 years$3,577$3,096$2,671$2,298$1,973$1,663
15 years$3,304$2,828$2,412$2,050$1,737$1,443
16 years$3,066$2,595$2,187$1,835$1,535$1,257
17 years$2,856$2,390$1,990$1,649$1,361$1,098
18 years$2,669$2,208$1,816$1,486$1,210$961
19 years$2,502$2,047$1,663$1,343$1,079$843
20 years$2,352$1,902$1,526$1,216$963$741
21 years$2,216$1,772$1,404$1,104$862$653
22 years$2,093$1,654$1,294$1,004$773$576
23 years$1,981$1,547$1,195$914$694$508
24 years$1,878$1,449$1,105$834$624$449
25 years$1,784$1,360$1,023$761$561$398
26 years$1,697$1,278$949$696$505$352
27 years$1,617$1,203$881$637$456$312
28 years$1,542$1,133$819$584$411$277
29 years$1,473$1,069$762$535$371$245
30 years$1,409$1,010$710$491$335$218
31 years$1,348$955$662$451$303$194
32 years$1,292$903$618$415$274$172
33 years$1,239$855$577$381$248$153
34 years$1,190$811$539$351$225$136
35 years$1,143$769$504$323$204$121
36 years$1,099$730$471$297$184$107
37 years$1,058$693$441$274$167$96
38 years$1,018$659$413$253$152$85
39 years$981$626$387$233$137$76
40 years$946$596$363$215$125$67
41 years$913$567$340$198$113$60
42 years$881$540$319$183$103$53
43 years$851$515$299$169$93$48
44 years$822$491$281$156$85$42
45 years$795$468$264$144$77$38
46 years$769$446$248$133$70$34
47 years$744$426$233$123$63$30
48 years$720$407$219$114$57$27
49 years$697$388$206$105$52$24
50 years$676$371$193$97$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $692,000, adding $4,805 every year, while hoping to spend $23,287 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: 54/26/20 Blend
64$692,000$692,000$692,000$692,000
65$767,540$730,864$720,138$804,567
66$821,052$741,900$719,486$841,502
67$879,242$752,695$718,031$878,831
68$942,562$763,214$715,722$918,963
69$1,011,510$773,419$712,506$962,173
70$1,086,634$783,266$708,325$1,008,763
71$1,168,538$792,713$703,121$1,059,069
72$1,257,884$801,711$696,830$1,113,459
73$1,355,403$810,210$689,389$1,172,341
74$1,461,900$818,156$680,729$1,236,164
75$1,578,259$825,491$670,779$1,305,426
76$1,705,455$832,153$659,463$1,380,672
77$1,844,560$838,078$646,705$1,462,509
78$1,996,756$843,195$632,421$1,551,603
79$2,163,345$847,431$616,526$1,648,690
80$2,345,757$850,706$598,930$1,754,584
81$2,545,570$852,936$579,540$1,870,179
82$2,764,521$854,034$558,258$1,996,465
83$3,004,524$853,902$534,981$2,134,534
84$3,267,684$852,443$509,602$2,285,590
85$3,556,323$849,547$482,009$2,450,962
86$3,872,996$845,103$452,084$2,632,115
87$4,220,518$838,990$419,706$2,830,667
88$4,601,991$831,080$384,745$3,048,401
89$5,020,830$821,239$347,070$3,287,287
90$5,480,797$809,323$306,540$3,549,496
91$5,986,038$795,179$263,009$3,837,422
92$6,541,119$778,648$216,325$4,153,708
93$7,151,071$759,559$166,329$4,501,267
94$7,821,434$737,732$112,855$4,883,315
95$8,558,314$712,974$55,730$5,303,396
96$9,368,438$685,086$0$5,765,421
97$10,259,215$653,851$0$6,274,819
98$11,238,810$619,045$0$6,847,994
99$12,316,218$580,428$0$7,478,327
100$13,501,350$537,747$0$8,171,648