Can I retire at age 65 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$57,310$56,799$56,301$55,815$55,341$53,872
2 years$28,371$27,843$27,331$26,834$26,353$24,883
3 years$18,726$18,196$17,685$17,193$16,719$15,295
4 years$13,905$13,376$12,870$12,387$11,924$10,556
5 years$11,013$10,487$9,988$9,514$9,065$7,756
6 years$9,085$8,563$8,072$7,608$7,173$5,926
7 years$7,709$7,191$6,707$6,255$5,833$4,647
8 years$6,677$6,164$5,688$5,247$4,839$3,714
9 years$5,875$5,367$4,899$4,470$4,075$3,010
10 years$5,234$4,731$4,271$3,853$3,472$2,465
11 years$4,710$4,212$3,761$3,353$2,986$2,036
12 years$4,273$3,780$3,337$2,941$2,588$1,693
13 years$3,904$3,416$2,982$2,597$2,257$1,415
14 years$3,588$3,105$2,679$2,305$1,978$1,188
15 years$3,314$2,837$2,419$2,056$1,742$1,001
16 years$3,075$2,603$2,193$1,841$1,539$845
17 years$2,864$2,397$1,996$1,654$1,365$716
18 years$2,676$2,215$1,822$1,490$1,214$608
19 years$2,509$2,053$1,668$1,347$1,082$517
20 years$2,359$1,907$1,531$1,220$966$440
21 years$2,223$1,777$1,408$1,107$865$375
22 years$2,099$1,658$1,297$1,006$775$320
23 years$1,987$1,551$1,198$917$696$273
24 years$1,884$1,453$1,108$836$625$233
25 years$1,789$1,364$1,026$763$563$200
26 years$1,702$1,282$952$698$507$171
27 years$1,621$1,206$884$639$457$146
28 years$1,547$1,137$822$585$412$125
29 years$1,477$1,072$765$537$372$107
30 years$1,413$1,013$712$493$336$92
31 years$1,352$957$664$453$304$79
32 years$1,296$906$619$416$275$68
33 years$1,243$858$578$382$249$58
34 years$1,193$813$540$352$225$50
35 years$1,146$771$505$324$204$43
36 years$1,102$732$473$298$185$37
37 years$1,061$695$442$275$168$31
38 years$1,021$661$414$253$152$27
39 years$984$628$388$234$138$23
40 years$949$598$364$215$125$20
41 years$915$569$341$199$113$17
42 years$884$542$320$183$103$15
43 years$853$516$300$169$93$13
44 years$825$492$282$156$85$11
45 years$797$469$265$144$77$9
46 years$771$448$249$133$70$8
47 years$746$427$234$123$63$7
48 years$722$408$219$114$58$6
49 years$699$389$206$105$52$5
50 years$678$372$194$97$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $694,000, adding $3,399 every year, while hoping to spend $32,586 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: 71/8/21 Blend
64$694,000$694,000$694,000$694,000
65$768,294$731,512$720,755$818,654
66$811,989$732,685$710,229$853,838
67$859,048$732,823$698,258$888,163
68$909,781$731,841$684,760$924,940
69$964,527$729,650$669,648$964,407
70$1,023,658$726,152$652,830$1,006,829
71$1,087,584$721,246$634,213$1,052,497
72$1,156,755$714,825$613,697$1,101,732
73$1,231,667$706,774$591,178$1,154,891
74$1,312,862$696,971$566,547$1,212,365
75$1,400,939$685,288$539,692$1,274,586
76$1,496,557$671,589$510,494$1,342,032
77$1,600,438$655,729$478,828$1,415,232
78$1,713,379$637,556$444,565$1,494,766
79$1,836,255$616,908$407,569$1,581,277
80$1,970,030$593,613$367,700$1,675,474
81$2,115,765$567,492$324,809$1,778,139
82$2,274,625$538,351$278,742$1,890,135
83$2,447,895$505,989$229,339$2,012,417
84$2,636,988$470,190$176,429$2,146,034
85$2,843,460$430,729$119,839$2,292,147
86$3,069,024$387,365$59,384$2,452,037
87$3,315,564$339,845$0$2,627,115
88$3,585,157$287,903$0$2,820,091
89$3,880,087$231,254$0$3,045,807
90$4,202,871$169,601$0$3,292,888
91$4,556,280$102,628$0$3,563,475
92$4,943,366$30,002$0$3,859,927
93$5,367,488$0$0$4,184,843
94$5,832,347$0$0$4,545,368
95$6,342,020$0$0$4,943,579
96$6,900,994$0$0$5,380,348
97$7,514,215$0$0$5,859,542
98$8,187,127$0$0$6,385,420
99$8,925,731$0$0$6,962,677
100$9,736,632$0$0$7,596,481