Can I retire at age 65 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$57,392$56,881$56,382$55,896$55,420$54,956
2 years$28,412$27,883$27,370$26,873$26,391$25,923
3 years$18,753$18,222$17,710$17,218$16,743$16,286
4 years$13,925$13,395$12,889$12,404$11,941$11,499
5 years$11,028$10,502$10,002$9,528$9,078$8,651
6 years$9,098$8,576$8,083$7,619$7,183$6,772
7 years$7,720$7,202$6,717$6,264$5,842$5,447
8 years$6,687$6,173$5,697$5,255$4,846$4,468
9 years$5,884$5,375$4,907$4,476$4,081$3,719
10 years$5,241$4,738$4,278$3,858$3,477$3,132
11 years$4,716$4,218$3,766$3,358$2,991$2,661
12 years$4,279$3,786$3,342$2,945$2,592$2,277
13 years$3,909$3,421$2,986$2,600$2,260$1,961
14 years$3,593$3,110$2,683$2,308$1,981$1,697
15 years$3,319$2,841$2,422$2,059$1,744$1,474
16 years$3,079$2,606$2,196$1,843$1,542$1,285
17 years$2,868$2,400$1,998$1,656$1,367$1,124
18 years$2,680$2,218$1,824$1,493$1,215$986
19 years$2,513$2,056$1,670$1,349$1,083$866
20 years$2,362$1,910$1,533$1,221$968$763
21 years$2,226$1,779$1,410$1,109$866$673
22 years$2,102$1,661$1,299$1,008$776$594
23 years$1,990$1,553$1,200$918$697$525
24 years$1,887$1,455$1,110$837$626$465
25 years$1,792$1,366$1,028$765$564$412
26 years$1,705$1,284$953$699$508$366
27 years$1,624$1,208$885$640$458$324
28 years$1,549$1,138$823$586$413$288
29 years$1,479$1,074$766$538$373$256
30 years$1,415$1,014$713$493$337$228
31 years$1,354$959$665$453$305$203
32 years$1,298$907$620$416$276$180
33 years$1,245$859$579$383$249$160
34 years$1,195$814$541$352$226$143
35 years$1,148$772$506$324$204$127
36 years$1,104$733$473$299$185$113
37 years$1,062$696$443$275$168$101
38 years$1,023$662$415$254$152$90
39 years$985$629$389$234$138$80
40 years$950$599$364$216$125$72
41 years$917$570$342$199$114$64
42 years$885$543$320$184$103$57
43 years$855$517$301$170$94$51
44 years$826$493$282$157$85$45
45 years$798$470$265$145$77$40
46 years$772$448$249$134$70$36
47 years$747$428$234$123$64$32
48 years$723$408$220$114$58$29
49 years$700$390$207$105$52$26
50 years$679$373$194$97$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $695,000, adding $6,412 every year, while hoping to spend $28,068 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: 68/24/8 Blend
64$695,000$695,000$695,000$695,000
65$772,504$735,669$724,896$823,476
66$821,435$741,853$719,316$864,295
67$874,417$747,399$712,609$904,918
68$931,832$752,246$704,706$948,591
69$994,103$756,330$695,537$995,608
70$1,061,693$759,581$685,029$1,046,294
71$1,135,112$761,927$673,104$1,101,005
72$1,214,921$763,290$659,681$1,160,136
73$1,301,738$763,586$644,675$1,224,122
74$1,396,241$762,727$627,998$1,293,442
75$1,499,178$760,621$609,556$1,368,625
76$1,611,371$757,169$589,253$1,450,254
77$1,733,725$752,264$566,987$1,538,973
78$1,867,236$745,796$542,652$1,635,491
79$2,013,000$737,646$516,137$1,740,591
80$2,172,224$727,688$487,325$1,855,136
81$2,346,237$715,791$456,097$1,980,078
82$2,536,501$701,812$422,324$2,116,469
83$2,744,626$685,604$385,874$2,265,465
84$2,972,387$667,008$346,610$2,428,345
85$3,221,736$645,856$304,386$2,606,519
86$3,494,822$621,972$259,052$2,801,539
87$3,794,013$595,168$210,451$3,015,122
88$4,121,918$565,247$158,416$3,249,157
89$4,481,409$531,999$102,778$3,505,729
90$4,875,647$495,201$43,355$3,787,139
91$5,308,117$454,621$0$4,095,923
92$5,782,657$410,009$0$4,436,590
93$6,303,493$361,104$0$4,814,574
94$6,875,280$307,629$0$5,229,588
95$7,503,148$249,293$0$5,685,403
96$8,192,747$185,785$0$6,186,175
97$8,950,299$116,781$0$6,736,484
98$9,782,661$41,934$0$7,341,382
99$10,697,386$0$0$8,006,438
100$11,702,795$0$0$8,748,120