Can I retire at age 65 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$54,420$53,935$53,462$53,000$52,550$51,637
2 years$26,940$26,439$25,952$25,481$25,024$24,107
3 years$17,782$17,278$16,793$16,326$15,876$14,984
4 years$13,203$12,701$12,221$11,762$11,323$10,462
5 years$10,457$9,958$9,484$9,034$8,607$7,781
6 years$8,627$8,131$7,664$7,225$6,811$6,019
7 years$7,320$6,829$6,369$5,940$5,539$4,783
8 years$6,340$5,853$5,402$4,983$4,595$3,874
9 years$5,579$5,096$4,652$4,244$3,870$3,183
10 years$4,970$4,492$4,056$3,659$3,297$2,644
11 years$4,472$3,999$3,571$3,184$2,836$2,216
12 years$4,058$3,589$3,169$2,793$2,457$1,870
13 years$3,707$3,244$2,831$2,466$2,143$1,587
14 years$3,407$2,949$2,544$2,189$1,878$1,354
15 years$3,147$2,694$2,297$1,952$1,654$1,159
16 years$2,920$2,471$2,082$1,748$1,462$995
17 years$2,719$2,276$1,895$1,570$1,296$857
18 years$2,542$2,103$1,730$1,415$1,152$740
19 years$2,383$1,949$1,584$1,279$1,027$640
20 years$2,240$1,811$1,453$1,158$917$554
21 years$2,111$1,687$1,337$1,051$821$481
22 years$1,993$1,575$1,232$956$736$417
23 years$1,887$1,473$1,138$870$661$363
24 years$1,789$1,380$1,052$794$594$316
25 years$1,699$1,295$974$725$534$275
26 years$1,616$1,217$904$663$481$240
27 years$1,540$1,145$839$607$434$209
28 years$1,469$1,079$780$556$392$183
29 years$1,403$1,018$726$510$354$159
30 years$1,341$962$676$468$319$139
31 years$1,284$909$630$430$289$122
32 years$1,230$860$588$395$261$106
33 years$1,180$815$549$363$236$93
34 years$1,133$772$513$334$214$81
35 years$1,089$732$480$308$194$71
36 years$1,047$695$449$283$176$62
37 years$1,007$660$420$261$159$54
38 years$970$627$393$241$144$48
39 years$934$597$369$222$131$42
40 years$901$568$345$205$119$36
41 years$869$540$324$189$108$32
42 years$839$515$304$174$98$28
43 years$810$490$285$161$89$24
44 years$783$467$268$148$81$21
45 years$757$446$251$137$73$19
46 years$732$425$236$127$66$16
47 years$708$406$222$117$60$14
48 years$686$387$208$108$55$13
49 years$664$370$196$100$50$11
50 years$643$353$184$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $659,000, adding $3,424 every year, while hoping to spend $37,576 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: 48/29/23 Blend
64$659,000$659,000$659,000$659,000
65$729,750$694,823$684,608$759,865
66$764,204$688,889$667,562$775,317
67$800,913$681,404$648,686$788,059
68$840,067$672,254$627,877$801,133
69$881,874$661,315$605,032$814,584
70$926,564$648,459$580,040$828,469
71$974,387$633,546$552,784$842,851
72$1,025,617$616,432$523,145$857,803
73$1,080,555$596,963$490,996$873,406
74$1,139,533$574,975$456,205$889,754
75$1,202,912$550,296$418,634$906,955
76$1,271,091$522,742$378,140$925,129
77$1,344,507$492,121$334,573$944,414
78$1,423,639$458,228$287,774$964,962
79$1,509,016$420,847$237,580$986,950
80$1,601,217$379,749$183,820$1,010,573
81$1,700,878$334,694$126,315$1,036,052
82$1,808,699$285,426$64,878$1,063,635
83$1,925,450$231,674$0$1,093,601
84$2,051,975$173,156$0$1,126,432
85$2,189,205$109,569$0$1,179,310
86$2,338,162$40,596$0$1,236,741
87$2,499,970$0$0$1,299,218
88$2,675,868$0$0$1,378,168
89$2,867,216$0$0$1,478,210
90$3,075,511$0$0$1,587,179
91$3,302,401$0$0$1,705,946
92$3,549,699$0$0$1,835,469
93$3,819,401$0$0$1,976,802
94$4,113,703$0$0$2,131,105
95$4,435,023$0$0$2,299,657
96$4,786,022$0$0$2,483,863
97$5,169,629$0$0$2,685,271
98$5,589,070$0$0$2,905,588
99$6,047,896$0$0$3,146,688
100$6,550,018$0$0$3,410,640