Can I retire at age 65 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$54,007$53,526$53,056$52,598$52,151$51,779
2 years$26,736$26,238$25,755$25,288$24,834$24,459
3 years$17,647$17,147$16,666$16,202$15,756$15,389
4 years$13,103$12,605$12,128$11,673$11,237$10,882
5 years$10,378$9,882$9,412$8,966$8,542$8,199
6 years$8,561$8,070$7,606$7,170$6,759$6,429
7 years$7,265$6,777$6,321$5,895$5,497$5,180
8 years$6,292$5,809$5,361$4,945$4,560$4,256
9 years$5,537$5,058$4,617$4,212$3,840$3,549
10 years$4,932$4,458$4,025$3,631$3,272$2,994
11 years$4,438$3,969$3,544$3,160$2,814$2,548
12 years$4,027$3,562$3,145$2,772$2,439$2,185
13 years$3,679$3,219$2,810$2,447$2,127$1,885
14 years$3,381$2,926$2,525$2,172$1,864$1,634
15 years$3,123$2,673$2,279$1,937$1,641$1,423
16 years$2,897$2,453$2,067$1,735$1,451$1,243
17 years$2,699$2,259$1,881$1,558$1,286$1,090
18 years$2,522$2,087$1,717$1,404$1,144$957
19 years$2,365$1,934$1,572$1,269$1,019$843
20 years$2,223$1,797$1,442$1,149$911$744
21 years$2,095$1,674$1,327$1,043$815$658
22 years$1,978$1,563$1,223$948$730$582
23 years$1,872$1,462$1,129$864$656$516
24 years$1,775$1,370$1,044$788$589$458
25 years$1,686$1,285$967$719$530$407
26 years$1,604$1,208$897$658$478$362
27 years$1,528$1,137$833$602$431$322
28 years$1,458$1,071$774$552$389$286
29 years$1,392$1,011$720$506$351$255
30 years$1,331$954$671$464$317$227
31 years$1,274$902$626$426$287$203
32 years$1,221$854$584$392$259$181
33 years$1,171$808$545$360$235$161
34 years$1,124$766$509$332$212$144
35 years$1,080$727$476$305$192$129
36 years$1,039$690$445$281$174$115
37 years$999$655$417$259$158$103
38 years$962$623$390$239$143$92
39 years$927$592$366$220$130$82
40 years$894$563$343$203$118$73
41 years$863$536$321$187$107$66
42 years$833$511$302$173$97$59
43 years$804$487$283$160$88$52
44 years$777$464$266$147$80$47
45 years$751$442$249$136$73$42
46 years$727$422$234$126$66$38
47 years$703$403$220$116$60$34
48 years$681$384$207$107$54$30
49 years$659$367$194$99$49$27
50 years$639$351$183$92$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $654,000, adding $4,325 every year, while hoping to spend $44,425 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: 57/25/18 Blend
64$654,000$654,000$654,000$654,000
65$725,169$690,507$680,370$762,822
66$751,869$677,074$655,895$775,470
67$779,802$661,494$629,110$784,061
68$809,050$643,615$599,893$792,426
69$839,696$623,275$568,113$800,551
70$871,834$600,304$533,633$808,425
71$905,564$574,523$496,314$816,037
72$940,997$545,739$456,005$823,379
73$978,250$513,752$412,552$830,444
74$1,017,452$478,347$365,794$837,227
75$1,058,746$439,299$315,561$843,726
76$1,102,282$396,369$261,677$849,941
77$1,148,230$349,306$203,958$855,878
78$1,196,769$297,842$142,211$861,544
79$1,248,100$241,696$76,235$866,954
80$1,302,437$180,571$5,820$872,127
81$1,360,019$114,152$0$877,088
82$1,421,103$42,107$0$895,184
83$1,485,972$0$0$915,202
84$1,554,935$0$0$945,999
85$1,628,330$0$0$991,134
86$1,706,528$0$0$1,039,255
87$1,789,933$0$0$1,090,615
88$1,878,989$0$0$1,145,493
89$1,974,184$0$0$1,204,193
90$2,076,049$0$0$1,267,049
91$2,185,171$0$0$1,334,427
92$2,302,190$0$0$1,406,730
93$2,427,811$0$0$1,484,397
94$2,562,804$0$0$1,567,912
95$2,708,019$0$0$1,657,808
96$2,864,386$0$0$1,754,667
97$3,032,926$0$0$1,859,130
98$3,214,764$0$0$1,971,902
99$3,411,132$0$0$2,093,755
100$3,623,386$0$0$2,225,539