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%19.9%
1 years$55,245$54,753$54,273$53,805$53,347$51,230
2 years$27,349$26,840$26,346$25,868$25,403$23,297
3 years$18,052$17,540$17,048$16,574$16,117$14,087
4 years$13,404$12,894$12,406$11,940$11,495$9,557
5 years$10,616$10,109$9,628$9,171$8,738$6,898
6 years$8,758$8,255$7,781$7,334$6,914$5,172
7 years$7,431$6,932$6,466$6,030$5,623$3,979
8 years$6,437$5,942$5,484$5,058$4,665$3,117
9 years$5,664$5,174$4,723$4,309$3,929$2,474
10 years$5,045$4,560$4,118$3,714$3,347$1,983
11 years$4,540$4,060$3,625$3,232$2,879$1,602
12 years$4,119$3,644$3,217$2,835$2,495$1,302
13 years$3,763$3,293$2,874$2,503$2,175$1,064
14 years$3,458$2,993$2,583$2,222$1,907$872
15 years$3,195$2,734$2,332$1,982$1,679$717
16 years$2,964$2,509$2,114$1,774$1,484$591
17 years$2,761$2,311$1,924$1,594$1,316$488
18 years$2,580$2,135$1,756$1,437$1,170$404
19 years$2,419$1,979$1,608$1,298$1,043$335
20 years$2,274$1,839$1,475$1,176$931$278
21 years$2,143$1,713$1,357$1,067$834$231
22 years$2,024$1,599$1,251$970$747$192
23 years$1,915$1,495$1,155$884$671$159
24 years$1,816$1,401$1,068$806$603$133
25 years$1,725$1,315$989$736$542$110
26 years$1,641$1,236$917$673$489$92
27 years$1,563$1,163$852$616$441$76
28 years$1,491$1,096$792$564$397$64
29 years$1,424$1,034$737$518$359$53
30 years$1,362$976$686$475$324$44
31 years$1,304$923$640$436$293$37
32 years$1,249$873$597$401$265$31
33 years$1,198$827$558$369$240$26
34 years$1,150$784$521$339$217$21
35 years$1,105$743$487$312$197$18
36 years$1,063$706$456$288$178$15
37 years$1,022$670$426$265$162$12
38 years$985$637$399$244$147$10
39 years$949$606$374$225$133$9
40 years$915$576$351$208$121$7
41 years$882$548$329$192$109$6
42 years$852$522$308$177$99$5
43 years$823$498$289$163$90$4
44 years$795$474$272$151$82$3
45 years$768$452$255$139$74$3
46 years$743$432$240$129$67$2
47 years$719$412$225$119$61$2
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$1
50 years$653$359$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $669,000, adding $5,284 every year, while hoping to spend $42,790 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: 46/48/6 Blend
64$669,000$669,000$669,000$669,000
65$742,688$707,231$696,862$775,406
66$772,914$696,358$674,679$787,571
67$804,789$683,517$650,318$795,857
68$838,436$668,567$623,662$803,840
69$873,989$651,360$594,587$811,506
70$911,594$631,735$562,964$818,840
71$951,412$609,524$528,658$825,831
72$993,616$584,551$491,528$832,470
73$1,038,398$556,627$451,427$838,749
74$1,085,965$525,553$408,201$844,664
75$1,136,546$491,118$361,689$850,214
76$1,190,391$453,099$311,722$855,405
77$1,247,772$411,262$258,126$860,246
78$1,308,989$365,358$200,717$864,750
79$1,374,369$315,124$139,305$868,941
80$1,444,272$260,282$73,689$872,849
81$1,519,091$200,539$3,660$876,512
82$1,599,258$135,585$0$879,981
83$1,685,246$65,093$0$887,866
84$1,777,575$0$0$896,237
85$1,876,815$0$0$910,927
86$1,983,593$0$0$963,780
87$2,098,595$0$0$1,020,762
88$2,222,577$0$0$1,082,255
89$2,356,368$0$0$1,148,677
90$2,500,878$0$0$1,220,489
91$2,657,110$0$0$1,298,197
92$2,826,163$0$0$1,382,358
93$3,009,248$0$0$1,473,584
94$3,207,693$0$0$1,572,546
95$3,422,963$0$0$1,679,985
96$3,656,665$0$0$1,796,715
97$3,910,568$0$0$1,923,631
98$4,186,618$0$0$2,061,717
99$4,486,957$0$0$2,212,056
100$4,813,939$0$0$2,375,842