Can I retire at age 65 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$55,328$54,835$54,354$53,885$53,427$51,883
2 years$27,390$26,880$26,386$25,906$25,441$23,898
3 years$18,079$17,566$17,073$16,598$16,141$14,647
4 years$13,424$12,913$12,425$11,958$11,512$10,078
5 years$10,632$10,124$9,642$9,185$8,751$7,382
6 years$8,771$8,267$7,792$7,345$6,924$5,621
7 years$7,442$6,943$6,476$6,039$5,631$4,394
8 years$6,446$5,951$5,492$5,066$4,672$3,499
9 years$5,672$5,182$4,730$4,315$3,934$2,825
10 years$5,053$4,567$4,124$3,720$3,352$2,306
11 years$4,547$4,066$3,630$3,237$2,883$1,897
12 years$4,125$3,649$3,222$2,839$2,498$1,571
13 years$3,769$3,298$2,879$2,507$2,179$1,308
14 years$3,464$2,998$2,586$2,225$1,910$1,093
15 years$3,199$2,739$2,335$1,985$1,682$917
16 years$2,968$2,513$2,117$1,777$1,486$771
17 years$2,765$2,314$1,927$1,597$1,318$651
18 years$2,584$2,138$1,759$1,439$1,172$550
19 years$2,422$1,982$1,610$1,300$1,044$465
20 years$2,277$1,841$1,478$1,178$933$394
21 years$2,146$1,715$1,359$1,069$835$335
22 years$2,027$1,601$1,253$972$748$284
23 years$1,918$1,497$1,157$885$672$241
24 years$1,819$1,403$1,070$807$604$205
25 years$1,727$1,317$991$737$543$175
26 years$1,643$1,237$919$674$489$149
27 years$1,565$1,165$853$617$441$127
28 years$1,493$1,097$793$565$398$108
29 years$1,426$1,035$738$518$359$92
30 years$1,364$978$688$476$325$79
31 years$1,306$924$641$437$294$67
32 years$1,251$875$598$401$266$57
33 years$1,200$828$558$369$240$49
34 years$1,152$785$522$340$218$42
35 years$1,107$745$488$313$197$36
36 years$1,064$707$456$288$179$30
37 years$1,024$671$427$265$162$26
38 years$986$638$400$245$147$22
39 years$950$607$375$226$133$19
40 years$916$577$351$208$121$16
41 years$884$549$329$192$110$14
42 years$853$523$309$177$99$12
43 years$824$498$290$163$90$10
44 years$796$475$272$151$82$9
45 years$770$453$255$139$74$7
46 years$744$432$240$129$67$6
47 years$720$412$225$119$61$5
48 years$697$394$212$110$56$5
49 years$675$376$199$102$51$4
50 years$654$359$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $670,000, adding $3,526 every year, while hoping to spend $48,473 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: 74/11/15 Blend
64$670,000$670,000$670,000$670,000
65$741,977$706,467$696,082$794,184
66$766,084$689,509$667,826$812,248
67$791,025$670,095$636,999$825,708
68$816,834$648,055$603,463$839,156
69$843,547$623,206$567,075$852,580
70$871,202$595,356$527,685$865,966
71$899,839$564,302$485,136$879,297
72$929,499$529,830$439,265$892,558
73$960,228$491,711$389,901$905,734
74$992,073$449,707$336,864$918,807
75$1,025,083$403,562$279,968$931,760
76$1,059,314$353,008$219,018$944,577
77$1,094,820$297,761$153,812$957,238
78$1,131,663$237,523$84,136$969,727
79$1,169,906$171,976$9,768$982,024
80$1,209,619$100,785$0$994,111
81$1,250,875$23,598$0$1,017,109
82$1,293,752$0$0$1,042,254
83$1,338,334$0$0$1,075,261
84$1,384,711$0$0$1,112,573
85$1,432,979$0$0$1,151,411
86$1,483,242$0$0$1,191,859
87$1,535,611$0$0$1,234,007
88$1,590,206$0$0$1,277,953
89$1,647,155$0$0$1,323,801
90$1,706,597$0$0$1,371,663
91$1,768,682$0$0$1,421,661
92$1,833,573$0$0$1,473,927
93$1,901,444$0$0$1,528,603
94$1,972,484$0$0$1,585,842
95$2,046,899$0$0$1,645,812
96$2,124,910$0$0$1,708,692
97$2,206,759$0$0$1,774,678
98$2,292,708$0$0$1,843,984
99$2,383,041$0$0$1,916,839
100$2,478,067$0$0$1,993,497