Can I retire at age 65 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$57,475$56,963$56,464$55,976$55,500$54,806
2 years$28,453$27,923$27,410$26,912$26,429$25,731
3 years$18,780$18,248$17,736$17,243$16,767$16,087
4 years$13,945$13,414$12,907$12,422$11,959$11,301
5 years$11,044$10,517$10,016$9,541$9,091$8,457
6 years$9,111$8,588$8,095$7,630$7,193$6,585
7 years$7,731$7,212$6,727$6,273$5,850$5,267
8 years$6,696$6,182$5,705$5,263$4,853$4,296
9 years$5,892$5,383$4,914$4,483$4,087$3,555
10 years$5,249$4,745$4,284$3,864$3,482$2,975
11 years$4,723$4,224$3,771$3,363$2,995$2,512
12 years$4,285$3,791$3,347$2,950$2,595$2,137
13 years$3,915$3,426$2,990$2,604$2,263$1,828
14 years$3,598$3,114$2,687$2,312$1,984$1,571
15 years$3,324$2,845$2,426$2,062$1,747$1,356
16 years$3,084$2,610$2,199$1,846$1,544$1,174
17 years$2,872$2,404$2,001$1,659$1,369$1,020
18 years$2,684$2,221$1,827$1,495$1,217$888
19 years$2,516$2,059$1,673$1,351$1,085$775
20 years$2,365$1,913$1,535$1,223$969$677
21 years$2,229$1,782$1,412$1,110$867$593
22 years$2,105$1,663$1,301$1,009$777$520
23 years$1,993$1,556$1,201$919$698$456
24 years$1,889$1,458$1,111$838$627$401
25 years$1,794$1,368$1,029$766$564$352
26 years$1,707$1,286$954$700$508$310
27 years$1,626$1,210$886$641$458$273
28 years$1,551$1,140$824$587$414$240
29 years$1,482$1,075$767$538$373$212
30 years$1,417$1,016$714$494$337$187
31 years$1,356$960$666$454$305$165
32 years$1,300$908$621$417$276$146
33 years$1,246$860$580$384$250$129
34 years$1,197$815$542$353$226$113
35 years$1,150$773$507$325$205$100
36 years$1,105$734$474$299$186$89
37 years$1,064$697$444$276$168$78
38 years$1,024$663$415$254$152$69
39 years$987$630$389$234$138$61
40 years$952$599$365$216$125$54
41 years$918$571$342$199$114$48
42 years$886$543$321$184$103$42
43 years$856$518$301$170$94$37
44 years$827$494$283$157$85$33
45 years$799$471$265$145$77$29
46 years$773$449$249$134$70$26
47 years$748$428$234$124$64$23
48 years$724$409$220$114$58$20
49 years$701$391$207$106$52$18
50 years$680$373$194$98$48$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $696,000, adding $2,896 every year, while hoping to spend $45,353 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: 34/37/29 Blend
64$696,000$696,000$696,000$696,000
65$769,979$733,091$722,303$789,329
66$800,262$720,757$698,245$791,881
67$832,113$706,299$671,861$790,391
68$865,646$689,565$643,025$787,915
69$900,981$670,393$611,606$784,398
70$938,252$648,613$577,466$779,782
71$977,604$624,046$540,462$774,007
72$1,019,196$596,500$500,442$767,016
73$1,063,198$565,773$457,252$758,746
74$1,109,800$531,651$410,726$749,137
75$1,159,207$493,910$360,693$738,127
76$1,211,645$452,310$306,974$725,653
77$1,267,358$406,599$249,384$711,655
78$1,326,616$356,510$187,725$696,070
79$1,389,713$301,761$121,796$678,840
80$1,456,971$242,054$51,384$659,905
81$1,528,743$177,076$0$639,209
82$1,605,416$106,493$0$624,051
83$1,687,412$29,955$0$624,474
84$1,775,196$0$0$624,592
85$1,869,278$0$0$645,986
86$1,970,216$0$0$682,092
87$2,078,623$0$0$720,942
88$2,195,173$0$0$762,788
89$2,320,603$0$0$807,904
90$2,455,725$0$0$856,591
91$2,601,429$0$0$909,183
92$2,758,695$0$0$966,044
93$2,928,598$0$0$1,027,574
94$3,112,319$0$0$1,094,214
95$3,311,157$0$0$1,166,450
96$3,526,540$0$0$1,244,813
97$3,760,038$0$0$1,329,890
98$4,013,377$0$0$1,422,325
99$4,288,456$0$0$1,522,827
100$4,587,363$0$0$1,632,177