Can I retire at age 65 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$53,676$53,198$52,732$52,276$51,832$50,641
2 years$26,572$26,078$25,598$25,133$24,682$23,488
3 years$17,539$17,042$16,564$16,103$15,659$14,500
4 years$13,023$12,528$12,054$11,601$11,168$10,053
5 years$10,314$9,822$9,354$8,911$8,490$7,422
6 years$8,509$8,020$7,560$7,126$6,718$5,698
7 years$7,220$6,735$6,282$5,859$5,463$4,492
8 years$6,254$5,773$5,328$4,915$4,532$3,609
9 years$5,503$5,027$4,589$4,186$3,817$2,941
10 years$4,902$4,431$4,001$3,609$3,252$2,422
11 years$4,411$3,945$3,522$3,141$2,797$2,012
12 years$4,002$3,540$3,126$2,755$2,424$1,683
13 years$3,656$3,200$2,793$2,432$2,114$1,415
14 years$3,360$2,908$2,509$2,159$1,853$1,195
15 years$3,104$2,657$2,266$1,925$1,631$1,013
16 years$2,880$2,438$2,054$1,724$1,442$861
17 years$2,682$2,245$1,869$1,549$1,278$734
18 years$2,507$2,074$1,706$1,396$1,137$627
19 years$2,350$1,923$1,562$1,261$1,013$537
20 years$2,209$1,786$1,433$1,142$905$460
21 years$2,082$1,664$1,319$1,037$810$395
22 years$1,966$1,553$1,215$943$726$339
23 years$1,861$1,453$1,122$858$652$292
24 years$1,764$1,361$1,038$783$586$251
25 years$1,676$1,277$961$715$527$216
26 years$1,594$1,201$891$654$475$187
27 years$1,519$1,130$828$598$428$161
28 years$1,449$1,065$769$548$386$139
29 years$1,384$1,004$716$503$349$120
30 years$1,323$949$667$461$315$103
31 years$1,267$897$622$424$285$89
32 years$1,214$848$580$390$258$77
33 years$1,164$803$542$358$233$67
34 years$1,117$762$506$330$211$58
35 years$1,074$722$473$303$191$50
36 years$1,032$686$443$279$173$43
37 years$993$651$414$257$157$37
38 years$957$619$388$237$142$32
39 years$922$588$364$219$129$28
40 years$889$560$341$202$117$24
41 years$857$533$319$186$106$21
42 years$828$508$300$172$96$18
43 years$799$484$281$159$87$16
44 years$772$461$264$146$79$13
45 years$747$440$248$135$72$12
46 years$722$419$233$125$65$10
47 years$699$400$219$115$59$9
48 years$676$382$206$107$54$8
49 years$655$365$193$99$49$7
50 years$635$348$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $650,000, adding $5,534 every year, while hoping to spend $39,909 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: 61/29/10 Blend
64$650,000$650,000$650,000$650,000
65$722,008$687,558$677,483$764,073
66$753,190$678,786$657,716$784,166
67$786,215$668,246$635,949$801,016
68$821,229$655,810$612,073$818,413
69$858,391$641,341$585,974$836,409
70$897,876$624,695$557,533$855,065
71$939,873$605,720$526,625$874,450
72$984,593$584,253$493,119$894,643
73$1,032,263$560,122$456,880$915,730
74$1,083,133$533,148$417,765$937,810
75$1,137,478$503,137$375,625$960,994
76$1,195,597$469,888$330,306$985,406
77$1,257,821$433,185$281,644$1,011,185
78$1,324,511$392,803$229,471$1,038,488
79$1,396,062$348,501$173,609$1,067,490
80$1,472,909$300,027$113,874$1,098,389
81$1,555,530$247,113$50,073$1,131,402
82$1,644,448$189,475$0$1,166,776
83$1,740,239$126,817$0$1,206,707
84$1,843,535$58,822$0$1,255,406
85$1,955,029$0$0$1,307,891
86$2,075,485$0$0$1,369,302
87$2,205,739$0$0$1,456,046
88$2,346,714$0$0$1,549,971
89$2,499,423$0$0$1,651,758
90$2,664,977$0$0$1,762,152
91$2,844,603$0$0$1,881,977
92$3,039,646$0$0$2,012,137
93$3,251,588$0$0$2,153,627
94$3,482,058$0$0$2,307,540
95$3,732,848$0$0$2,475,081
96$4,005,930$0$0$2,657,575
97$4,303,476$0$0$2,856,479
98$4,627,872$0$0$3,073,399
99$4,981,749$0$0$3,310,099
100$5,367,999$0$0$3,568,524