Can I retire at age 65 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$55,658$55,163$54,679$54,207$53,746$53,008
2 years$27,554$27,040$26,543$26,061$25,593$24,851
3 years$18,187$17,671$17,175$16,697$16,237$15,514
4 years$13,504$12,990$12,499$12,030$11,581$10,882
5 years$10,695$10,184$9,700$9,240$8,803$8,131
6 years$8,823$8,316$7,839$7,389$6,966$6,321
7 years$7,487$6,984$6,514$6,075$5,665$5,048
8 years$6,485$5,987$5,525$5,096$4,700$4,110
9 years$5,706$5,212$4,758$4,341$3,958$3,395
10 years$5,083$4,595$4,148$3,742$3,372$2,836
11 years$4,574$4,090$3,652$3,257$2,900$2,390
12 years$4,150$3,671$3,241$2,856$2,513$2,029
13 years$3,791$3,318$2,896$2,522$2,192$1,732
14 years$3,484$3,016$2,602$2,239$1,921$1,486
15 years$3,218$2,755$2,349$1,996$1,692$1,280
16 years$2,986$2,528$2,130$1,788$1,495$1,106
17 years$2,781$2,328$1,938$1,606$1,326$959
18 years$2,599$2,151$1,769$1,447$1,179$833
19 years$2,437$1,993$1,620$1,308$1,051$725
20 years$2,291$1,852$1,486$1,185$938$632
21 years$2,159$1,725$1,367$1,075$840$552
22 years$2,039$1,611$1,260$977$753$483
23 years$1,930$1,506$1,163$890$676$423
24 years$1,830$1,411$1,076$812$607$371
25 years$1,738$1,325$997$741$546$325
26 years$1,653$1,245$924$678$492$285
27 years$1,575$1,172$858$621$444$251
28 years$1,502$1,104$798$569$400$220
29 years$1,435$1,041$743$521$362$194
30 years$1,372$984$692$479$327$170
31 years$1,313$930$645$439$295$150
32 years$1,258$880$602$404$267$132
33 years$1,207$833$562$371$242$116
34 years$1,159$790$525$342$219$102
35 years$1,113$749$491$315$198$90
36 years$1,070$711$459$290$180$80
37 years$1,030$675$430$267$163$70
38 years$992$642$402$246$148$62
39 years$956$610$377$227$134$55
40 years$921$581$353$209$121$48
41 years$889$553$331$193$110$42
42 years$858$526$311$178$100$37
43 years$829$501$292$164$91$33
44 years$801$478$274$152$82$29
45 years$774$456$257$140$75$26
46 years$749$435$241$130$68$23
47 years$725$415$227$120$62$20
48 years$701$396$213$111$56$18
49 years$679$378$200$102$51$16
50 years$658$361$188$94$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $674,000, adding $2,760 every year, while hoping to spend $25,637 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: 66/13/21 Blend
64$674,000$674,000$674,000$674,000
65$745,595$709,873$699,426$790,662
66$794,368$717,379$695,579$828,756
67$847,257$724,394$690,744$867,199
68$904,654$730,866$684,861$908,623
69$966,991$736,741$677,867$953,319
70$1,034,744$741,961$669,695$1,001,611
71$1,108,435$746,464$660,276$1,053,856
72$1,188,639$750,184$649,539$1,110,448
73$1,275,988$753,052$637,407$1,171,821
74$1,371,180$754,992$623,801$1,238,454
75$1,474,980$755,927$608,638$1,310,875
76$1,588,232$755,771$591,832$1,389,668
77$1,711,864$754,436$573,290$1,475,476
78$1,846,897$751,827$552,919$1,569,010
79$1,994,458$747,843$530,619$1,671,051
80$2,155,784$742,379$506,285$1,782,464
81$2,332,238$735,320$479,811$1,904,201
82$2,525,323$726,547$451,081$2,037,314
83$2,736,691$715,933$419,977$2,182,962
84$2,968,162$703,343$386,375$2,342,424
85$3,221,743$688,634$350,146$2,517,110
86$3,499,639$671,656$311,155$2,708,577
87$3,804,283$652,248$269,260$2,918,541
88$4,138,353$630,241$224,313$3,148,893
89$4,504,798$605,456$176,160$3,401,722
90$4,906,867$577,703$124,641$3,679,330
91$5,348,138$546,781$69,587$3,984,256
92$5,832,553$512,478$10,824$4,319,300
93$6,364,454$474,570$0$4,687,549
94$6,948,624$432,819$0$5,104,036
95$7,590,331$386,975$0$5,564,231
96$8,295,380$336,773$0$6,069,894
97$9,070,166$281,931$0$6,625,635
98$9,921,733$222,156$0$7,236,539
99$10,857,841$157,133$0$7,908,206
100$11,887,041$86,533$0$8,646,810