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%12.1%
1 years$55,245$54,753$54,273$53,805$53,347$52,878
2 years$27,349$26,840$26,346$25,868$25,403$24,931
3 years$18,052$17,540$17,048$16,574$16,117$15,655
4 years$13,404$12,894$12,406$11,940$11,495$11,048
5 years$10,616$10,109$9,628$9,171$8,738$8,307
6 years$8,758$8,255$7,781$7,334$6,914$6,499
7 years$7,431$6,932$6,466$6,030$5,623$5,225
8 years$6,437$5,942$5,484$5,058$4,665$4,283
9 years$5,664$5,174$4,723$4,309$3,929$3,564
10 years$5,045$4,560$4,118$3,714$3,347$2,999
11 years$4,540$4,060$3,625$3,232$2,879$2,546
12 years$4,119$3,644$3,217$2,835$2,495$2,178
13 years$3,763$3,293$2,874$2,503$2,175$1,874
14 years$3,458$2,993$2,583$2,222$1,907$1,620
15 years$3,195$2,734$2,332$1,982$1,679$1,407
16 years$2,964$2,509$2,114$1,774$1,484$1,226
17 years$2,761$2,311$1,924$1,594$1,316$1,072
18 years$2,580$2,135$1,756$1,437$1,170$939
19 years$2,419$1,979$1,608$1,298$1,043$825
20 years$2,274$1,839$1,475$1,176$931$725
21 years$2,143$1,713$1,357$1,067$834$639
22 years$2,024$1,599$1,251$970$747$564
23 years$1,915$1,495$1,155$884$671$499
24 years$1,816$1,401$1,068$806$603$441
25 years$1,725$1,315$989$736$542$391
26 years$1,641$1,236$917$673$489$346
27 years$1,563$1,163$852$616$441$307
28 years$1,491$1,096$792$564$397$272
29 years$1,424$1,034$737$518$359$242
30 years$1,362$976$686$475$324$215
31 years$1,304$923$640$436$293$191
32 years$1,249$873$597$401$265$170
33 years$1,198$827$558$369$240$151
34 years$1,150$784$521$339$217$134
35 years$1,105$743$487$312$197$120
36 years$1,063$706$456$288$178$107
37 years$1,022$670$426$265$162$95
38 years$985$637$399$244$147$84
39 years$949$606$374$225$133$75
40 years$915$576$351$208$121$67
41 years$882$548$329$192$109$60
42 years$852$522$308$177$99$53
43 years$823$498$289$163$90$47
44 years$795$474$272$151$82$42
45 years$768$452$255$139$74$38
46 years$743$432$240$129$67$34
47 years$719$412$225$119$61$30
48 years$696$393$212$110$56$27
49 years$674$375$199$101$50$24
50 years$653$359$187$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $669,000, adding $6,308 every year, while hoping to spend $44,364 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: 40/31/29 Blend
64$669,000$669,000$669,000$669,000
65$743,745$708,288$697,918$766,920
66$772,404$695,791$674,096$771,878
67$802,499$681,195$647,988$772,670
68$834,130$664,350$619,472$772,690
69$867,406$645,097$588,419$771,894
70$902,444$623,270$554,693$770,239
71$939,372$598,689$518,155$767,683
72$978,331$571,168$478,656$764,183
73$1,019,473$540,507$436,043$759,693
74$1,062,964$506,496$390,154$754,172
75$1,108,985$468,913$340,824$747,577
76$1,157,735$427,523$287,874$739,865
77$1,209,430$382,078$231,124$730,998
78$1,264,306$332,314$170,381$720,937
79$1,322,622$277,954$105,446$709,645
80$1,384,661$218,706$36,110$697,090
81$1,450,733$154,259$0$683,242
82$1,521,176$84,286$0$679,800
83$1,596,363$8,443$0$687,707
84$1,676,699$0$0$695,839
85$1,762,631$0$0$729,385
86$1,854,648$0$0$768,447
87$1,953,286$0$0$810,380
88$2,059,133$0$0$855,443
89$2,172,834$0$0$903,918
90$2,295,099$0$0$956,115
91$2,426,704$0$0$1,012,376
92$2,568,505$0$0$1,073,077
93$2,721,440$0$0$1,138,628
94$2,886,538$0$0$1,209,483
95$3,064,933$0$0$1,286,138
96$3,257,870$0$0$1,369,140
97$3,466,716$0$0$1,459,091
98$3,692,975$0$0$1,556,652
99$3,938,301$0$0$1,662,548
100$4,204,513$0$0$1,777,580