Can I retire at age 65 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$57,723$57,209$56,707$56,217$55,739$54,436
2 years$28,576$28,043$27,528$27,028$26,542$25,237
3 years$18,861$18,327$17,812$17,317$16,840$15,572
4 years$14,005$13,472$12,963$12,476$12,010$10,791
5 years$11,092$10,562$10,060$9,583$9,130$7,963
6 years$9,151$8,625$8,130$7,663$7,224$6,110
7 years$7,764$7,243$6,756$6,300$5,875$4,814
8 years$6,725$6,209$5,729$5,285$4,874$3,865
9 years$5,917$5,406$4,935$4,502$4,105$3,147
10 years$5,272$4,765$4,302$3,881$3,497$2,591
11 years$4,744$4,242$3,788$3,377$3,008$2,151
12 years$4,304$3,807$3,361$2,962$2,607$1,798
13 years$3,932$3,441$3,003$2,615$2,273$1,511
14 years$3,614$3,128$2,698$2,322$1,992$1,275
15 years$3,338$2,857$2,436$2,070$1,754$1,080
16 years$3,097$2,621$2,209$1,854$1,550$918
17 years$2,884$2,414$2,010$1,666$1,375$782
18 years$2,696$2,231$1,835$1,501$1,222$667
19 years$2,527$2,067$1,680$1,356$1,090$571
20 years$2,376$1,921$1,542$1,228$973$489
21 years$2,239$1,789$1,418$1,115$871$419
22 years$2,114$1,670$1,307$1,014$781$360
23 years$2,001$1,562$1,207$923$701$309
24 years$1,897$1,464$1,116$842$630$266
25 years$1,802$1,374$1,034$769$567$229
26 years$1,714$1,291$959$703$511$197
27 years$1,633$1,215$890$644$460$170
28 years$1,558$1,145$827$590$415$146
29 years$1,488$1,080$770$541$375$126
30 years$1,423$1,020$717$496$339$109
31 years$1,362$964$669$456$306$94
32 years$1,305$912$624$419$277$81
33 years$1,252$864$583$385$251$70
34 years$1,202$819$544$354$227$60
35 years$1,155$777$509$326$206$52
36 years$1,110$737$476$300$186$45
37 years$1,068$700$446$277$169$39
38 years$1,029$665$417$255$153$34
39 years$991$633$391$235$139$29
40 years$956$602$366$217$126$25
41 years$922$573$344$200$114$22
42 years$890$546$322$185$104$19
43 years$859$520$302$171$94$16
44 years$831$496$284$157$85$14
45 years$803$473$267$145$78$12
46 years$777$451$250$134$70$10
47 years$751$430$235$124$64$9
48 years$727$411$221$115$58$8
49 years$704$392$208$106$53$7
50 years$682$375$195$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $699,000, adding $3,557 every year, while hoping to spend $51,834 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: 54/28/18 Blend
64$699,000$699,000$699,000$699,000
65$773,967$736,920$726,086$811,820
66$797,761$717,878$695,258$819,052
67$822,244$696,166$661,661$821,125
68$847,433$671,598$625,147$822,239
69$873,342$643,978$585,561$822,319
70$899,988$613,097$542,742$821,282
71$927,385$578,737$496,521$819,042
72$955,547$540,664$446,724$815,506
73$984,490$498,634$393,166$810,577
74$1,014,226$452,385$335,656$804,151
75$1,044,769$401,644$273,992$796,118
76$1,076,131$346,119$207,966$786,361
77$1,108,322$285,506$137,359$774,757
78$1,141,354$219,478$61,943$761,173
79$1,175,234$147,695$0$745,470
80$1,209,970$69,794$0$731,061
81$1,245,567$0$0$727,157
82$1,282,029$0$0$726,230
83$1,319,357$0$0$747,287
84$1,357,548$0$0$768,823
85$1,396,599$0$0$790,832
86$1,436,502$0$0$813,309
87$1,477,244$0$0$836,246
88$1,518,810$0$0$859,632
89$1,561,179$0$0$883,453
90$1,604,324$0$0$907,692
91$1,648,213$0$0$932,328
92$1,692,806$0$0$957,337
93$1,738,057$0$0$982,690
94$1,783,909$0$0$1,008,350
95$1,830,299$0$0$1,034,279
96$1,877,150$0$0$1,060,430
97$1,924,374$0$0$1,086,749
98$1,971,872$0$0$1,113,174
99$2,019,528$0$0$1,139,636
100$2,067,210$0$0$1,166,053