Can I retire at age 65 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$55,245$54,753$54,273$53,805$53,347$52,442
2 years$27,349$26,840$26,346$25,868$25,403$24,494
3 years$18,052$17,540$17,048$16,574$16,117$15,232
4 years$13,404$12,894$12,406$11,940$11,495$10,641
5 years$10,616$10,109$9,628$9,171$8,738$7,918
6 years$8,758$8,255$7,781$7,334$6,914$6,128
7 years$7,431$6,932$6,466$6,030$5,623$4,872
8 years$6,437$5,942$5,484$5,058$4,665$3,949
9 years$5,664$5,174$4,723$4,309$3,929$3,246
10 years$5,045$4,560$4,118$3,714$3,347$2,699
11 years$4,540$4,060$3,625$3,232$2,879$2,263
12 years$4,119$3,644$3,217$2,835$2,495$1,911
13 years$3,763$3,293$2,874$2,503$2,175$1,623
14 years$3,458$2,993$2,583$2,222$1,907$1,385
15 years$3,195$2,734$2,332$1,982$1,679$1,186
16 years$2,964$2,509$2,114$1,774$1,484$1,020
17 years$2,761$2,311$1,924$1,594$1,316$879
18 years$2,580$2,135$1,756$1,437$1,170$759
19 years$2,419$1,979$1,608$1,298$1,043$657
20 years$2,274$1,839$1,475$1,176$931$569
21 years$2,143$1,713$1,357$1,067$834$494
22 years$2,024$1,599$1,251$970$747$430
23 years$1,915$1,495$1,155$884$671$374
24 years$1,816$1,401$1,068$806$603$326
25 years$1,725$1,315$989$736$542$284
26 years$1,641$1,236$917$673$489$248
27 years$1,563$1,163$852$616$441$216
28 years$1,491$1,096$792$564$397$189
29 years$1,424$1,034$737$518$359$165
30 years$1,362$976$686$475$324$144
31 years$1,304$923$640$436$293$126
32 years$1,249$873$597$401$265$110
33 years$1,198$827$558$369$240$96
34 years$1,150$784$521$339$217$84
35 years$1,105$743$487$312$197$74
36 years$1,063$706$456$288$178$65
37 years$1,022$670$426$265$162$57
38 years$985$637$399$244$147$50
39 years$949$606$374$225$133$43
40 years$915$576$351$208$121$38
41 years$882$548$329$192$109$33
42 years$852$522$308$177$99$29
43 years$823$498$289$163$90$26
44 years$795$474$272$151$82$22
45 years$768$452$255$139$74$20
46 years$743$432$240$129$67$17
47 years$719$412$225$119$61$15
48 years$696$393$212$110$56$13
49 years$674$375$199$101$50$12
50 years$653$359$187$94$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $669,000, adding $2,578 every year, while hoping to spend $24,621 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: 36/48/16 Blend
64$669,000$669,000$669,000$669,000
65$739,897$704,440$694,071$762,829
66$789,170$712,761$691,126$787,972
67$842,644$720,665$687,256$812,580
68$900,721$728,104$682,407$838,620
69$963,843$735,031$676,516$866,233
70$1,032,498$741,391$669,523$895,576
71$1,107,223$747,128$661,361$926,821
72$1,188,605$752,183$651,963$960,161
73$1,277,294$756,491$641,255$995,810
74$1,374,005$759,986$629,163$1,034,004
75$1,479,522$762,594$615,609$1,075,006
76$1,594,711$764,239$600,510$1,119,107
77$1,720,524$764,839$583,780$1,166,629
78$1,858,010$764,309$565,328$1,217,930
79$2,008,322$762,555$545,062$1,273,406
80$2,172,730$759,479$522,881$1,333,495
81$2,352,635$754,980$498,684$1,398,683
82$2,549,575$748,946$472,361$1,469,509
83$2,765,249$741,261$443,802$1,546,568
84$3,001,522$731,801$412,888$1,630,519
85$3,260,454$720,436$379,496$1,722,092
86$3,544,309$707,026$343,498$1,822,096
87$3,855,583$691,424$304,759$1,931,424
88$4,197,024$673,476$263,141$2,051,065
89$4,571,660$653,015$218,495$2,182,112
90$4,982,824$629,868$170,669$2,325,777
91$5,434,190$603,850$119,505$2,483,395
92$5,929,804$574,764$64,834$2,656,447
93$6,474,122$542,406$6,484$2,846,568
94$7,072,054$506,555$0$3,055,566
95$7,729,008$466,981$0$3,294,963
96$8,450,944$423,440$0$3,559,243
97$9,244,424$375,673$0$3,849,772
98$10,116,681$323,407$0$4,169,281
99$11,075,683$266,354$0$4,520,787
100$12,130,206$204,208$0$4,907,617