Can I retire at age 65 with 698,000?

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 $698,000?

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$57,640$57,127$56,626$56,137$55,660$54,182
2 years$28,535$28,003$27,488$26,989$26,505$25,026
3 years$18,834$18,300$17,787$17,292$16,816$15,383
4 years$13,985$13,453$12,944$12,458$11,993$10,617
5 years$11,076$10,547$10,045$9,569$9,117$7,801
6 years$9,137$8,613$8,118$7,652$7,214$5,960
7 years$7,753$7,233$6,746$6,291$5,867$4,674
8 years$6,716$6,200$5,721$5,278$4,867$3,736
9 years$5,909$5,398$4,928$4,495$4,099$3,027
10 years$5,264$4,758$4,296$3,875$3,492$2,480
11 years$4,737$4,236$3,782$3,373$3,004$2,048
12 years$4,298$3,802$3,357$2,958$2,603$1,703
13 years$3,926$3,436$2,999$2,612$2,270$1,423
14 years$3,608$3,123$2,695$2,318$1,990$1,195
15 years$3,333$2,853$2,433$2,067$1,752$1,006
16 years$3,092$2,618$2,206$1,851$1,548$850
17 years$2,880$2,411$2,007$1,663$1,373$720
18 years$2,692$2,228$1,832$1,499$1,221$611
19 years$2,524$2,064$1,677$1,354$1,088$520
20 years$2,372$1,918$1,539$1,227$972$442
21 years$2,236$1,787$1,416$1,113$870$377
22 years$2,111$1,668$1,305$1,012$780$322
23 years$1,998$1,560$1,205$922$700$275
24 years$1,895$1,462$1,114$841$629$235
25 years$1,800$1,372$1,032$768$566$201
26 years$1,712$1,289$957$702$510$172
27 years$1,631$1,213$889$643$460$147
28 years$1,556$1,143$826$589$415$126
29 years$1,486$1,079$769$540$374$108
30 years$1,421$1,019$716$496$338$92
31 years$1,360$963$668$455$306$79
32 years$1,303$911$623$418$277$68
33 years$1,250$863$582$385$250$58
34 years$1,200$818$544$354$227$50
35 years$1,153$776$508$326$205$43
36 years$1,109$736$475$300$186$37
37 years$1,067$699$445$276$169$32
38 years$1,027$664$417$255$153$27
39 years$990$632$390$235$139$23
40 years$954$601$366$217$126$20
41 years$921$572$343$200$114$17
42 years$889$545$322$185$104$15
43 years$858$519$302$170$94$13
44 years$829$495$283$157$85$11
45 years$802$472$266$145$77$9
46 years$775$450$250$134$70$8
47 years$750$430$235$124$64$7
48 years$726$410$221$115$58$6
49 years$703$392$207$106$53$5
50 years$681$374$195$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $698,000, adding $5,901 every year, while hoping to spend $57,436 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: 33/44/23 Blend
64$698,000$698,000$698,000$698,000
65$775,283$738,289$727,470$795,244
66$793,250$713,354$690,729$785,764
67$811,125$685,271$650,832$769,940
68$828,838$653,828$607,612$751,720
69$846,309$618,795$560,897$730,928
70$863,450$579,933$510,504$707,379
71$880,159$536,987$456,244$680,872
72$896,325$489,689$397,918$651,198
73$911,822$437,755$335,319$618,128
74$926,507$380,885$268,231$581,423
75$940,223$318,760$196,429$540,824
76$952,793$251,047$119,677$496,057
77$964,020$177,390$37,729$446,829
78$973,685$97,417$0$392,826
79$981,542$10,733$0$345,916
80$987,320$0$0$304,214
81$990,716$0$0$298,361
82$991,393$0$0$296,657
83$988,977$0$0$293,766
84$983,054$0$0$289,537
85$973,162$0$0$283,798
86$958,790$0$0$276,364
87$939,374$0$0$267,025
88$914,284$0$0$255,552
89$882,827$0$0$241,689
90$844,233$0$0$225,154
91$797,651$0$0$205,635
92$742,136$0$0$182,787
93$676,648$0$0$156,228
94$600,033$0$0$125,536
95$511,015$0$0$90,244
96$408,186$0$0$49,838
97$289,987$0$0$3,748
98$154,697$0$0$0
99$414$0$0$0
100$0$0$0$0