Can I retire at age 65 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$57,558$57,045$56,545$56,056$55,580$53,672
2 years$28,494$27,963$27,449$26,950$26,467$24,564
3 years$18,807$18,274$17,761$17,267$16,791$14,954
4 years$13,965$13,434$12,926$12,440$11,976$10,217
5 years$11,060$10,532$10,031$9,555$9,104$7,429
6 years$9,124$8,600$8,106$7,641$7,204$5,613
7 years$7,742$7,222$6,736$6,282$5,858$4,353
8 years$6,706$6,191$5,713$5,270$4,860$3,438
9 years$5,901$5,390$4,921$4,489$4,093$2,752
10 years$5,257$4,751$4,290$3,870$3,487$2,226
11 years$4,730$4,230$3,777$3,368$2,999$1,815
12 years$4,291$3,796$3,352$2,954$2,599$1,489
13 years$3,921$3,431$2,995$2,608$2,266$1,228
14 years$3,603$3,119$2,691$2,315$1,987$1,017
15 years$3,328$2,849$2,429$2,065$1,749$844
16 years$3,088$2,614$2,203$1,849$1,546$703
17 years$2,876$2,407$2,004$1,661$1,371$587
18 years$2,688$2,224$1,830$1,497$1,219$491
19 years$2,520$2,062$1,675$1,353$1,086$411
20 years$2,369$1,916$1,537$1,225$970$345
21 years$2,232$1,784$1,414$1,112$868$289
22 years$2,108$1,666$1,303$1,011$778$243
23 years$1,995$1,558$1,203$921$699$204
24 years$1,892$1,460$1,113$840$628$172
25 years$1,797$1,370$1,031$767$565$145
26 years$1,709$1,287$956$701$509$122
27 years$1,628$1,212$888$642$459$103
28 years$1,553$1,142$825$588$414$86
29 years$1,484$1,077$768$539$374$73
30 years$1,419$1,017$715$495$338$61
31 years$1,358$962$667$454$305$52
32 years$1,301$910$622$418$276$44
33 years$1,248$862$581$384$250$37
34 years$1,198$817$543$353$226$31
35 years$1,151$775$507$325$205$26
36 years$1,107$735$475$300$186$22
37 years$1,065$698$444$276$168$19
38 years$1,026$664$416$254$153$16
39 years$988$631$390$235$138$13
40 years$953$600$365$216$126$11
41 years$919$571$343$200$114$9
42 years$887$544$321$184$103$8
43 years$857$519$302$170$94$7
44 years$828$494$283$157$85$6
45 years$801$471$266$145$77$5
46 years$774$450$250$134$70$4
47 years$749$429$235$124$64$3
48 years$725$410$220$114$58$3
49 years$702$391$207$106$53$2
50 years$681$374$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $697,000, adding $6,922 every year, while hoping to spend $23,388 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: 49/28/23 Blend
64$697,000$697,000$697,000$697,000
65$775,234$738,293$727,490$807,880
66$829,423$749,585$726,976$842,623
67$888,356$760,646$725,661$877,437
68$952,491$771,440$723,494$914,782
69$1,022,334$781,930$720,419$954,906
70$1,098,441$792,073$716,382$998,083
71$1,181,423$801,826$711,322$1,044,617
72$1,271,954$811,141$705,177$1,094,843
73$1,370,775$819,969$697,882$1,149,130
74$1,478,702$828,255$689,369$1,207,888
75$1,596,632$835,943$679,566$1,271,568
76$1,725,556$842,971$668,398$1,340,668
77$1,866,560$849,274$655,788$1,415,737
78$2,020,845$854,784$641,652$1,497,385
79$2,189,729$859,427$625,906$1,586,281
80$2,374,667$863,123$608,458$1,683,166
81$2,577,258$865,791$589,217$1,788,857
82$2,799,265$867,342$568,082$1,904,257
83$3,042,629$867,681$544,952$2,030,362
84$3,309,488$866,709$519,719$2,168,272
85$3,602,197$864,319$492,271$2,319,201
86$3,923,350$860,398$462,490$2,484,487
87$4,275,802$854,829$430,255$2,665,610
88$4,662,701$847,482$395,435$2,864,200
89$5,087,513$838,225$357,899$3,082,059
90$5,554,056$826,915$317,505$3,321,174
91$6,066,536$813,400$274,108$3,583,735
92$6,629,587$797,522$227,555$3,872,163
93$7,248,314$779,109$177,687$4,189,127
94$7,928,340$757,983$124,337$4,537,570
95$8,675,861$733,954$67,333$4,920,742
96$9,497,702$706,821$6,491$5,342,225
97$10,401,383$676,371$0$5,805,973
98$11,395,189$642,378$0$6,330,689
99$12,488,249$604,605$0$6,909,473
100$13,690,619$562,800$0$7,546,087