Can I retire at age 65 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$55,741$55,244$54,760$54,287$53,825$51,772
2 years$27,594$27,081$26,582$26,100$25,631$23,586
3 years$18,214$17,697$17,201$16,722$16,261$14,290
4 years$13,524$13,009$12,518$12,047$11,598$9,714
5 years$10,711$10,200$9,714$9,254$8,816$7,026
6 years$8,836$8,329$7,851$7,400$6,976$5,280
7 years$7,498$6,994$6,524$6,084$5,673$4,071
8 years$6,494$5,996$5,533$5,104$4,707$3,196
9 years$5,714$5,220$4,765$4,347$3,964$2,543
10 years$5,091$4,601$4,155$3,747$3,377$2,044
11 years$4,581$4,096$3,658$3,261$2,905$1,656
12 years$4,156$3,677$3,246$2,861$2,517$1,350
13 years$3,797$3,323$2,900$2,526$2,195$1,105
14 years$3,489$3,020$2,606$2,242$1,924$909
15 years$3,223$2,759$2,353$1,999$1,694$749
16 years$2,991$2,531$2,133$1,790$1,497$620
17 years$2,785$2,331$1,941$1,608$1,328$513
18 years$2,603$2,154$1,772$1,450$1,180$426
19 years$2,440$1,996$1,622$1,310$1,052$354
20 years$2,294$1,855$1,489$1,186$940$295
21 years$2,162$1,728$1,369$1,077$841$245
22 years$2,042$1,613$1,262$979$754$205
23 years$1,932$1,509$1,165$892$677$171
24 years$1,832$1,414$1,078$813$608$142
25 years$1,740$1,327$998$743$547$119
26 years$1,655$1,247$926$679$493$99
27 years$1,577$1,173$860$621$444$83
28 years$1,504$1,106$799$569$401$69
29 years$1,437$1,043$744$522$362$58
30 years$1,374$985$693$479$327$48
31 years$1,315$931$646$440$296$41
32 years$1,260$881$602$404$268$34
33 years$1,209$834$563$372$242$28
34 years$1,160$791$526$342$219$24
35 years$1,115$750$491$315$199$20
36 years$1,072$712$460$290$180$17
37 years$1,032$676$430$267$163$14
38 years$993$643$403$246$148$12
39 years$957$611$378$227$134$10
40 years$923$581$354$210$122$8
41 years$890$553$332$193$110$7
42 years$859$527$311$178$100$6
43 years$830$502$292$165$91$5
44 years$802$479$274$152$82$4
45 years$775$456$257$140$75$3
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$2
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $675,000, adding $5,153 every year, while hoping to spend $52,150 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: 37/38/25 Blend
64$675,000$675,000$675,000$675,000
65$749,165$713,390$702,928$771,111
66$770,093$692,859$670,989$767,144
67$791,407$669,574$636,232$757,686
68$813,093$643,346$598,508$746,442
69$835,131$613,972$557,660$733,285
70$857,498$581,240$513,526$718,079
71$880,169$544,927$465,934$700,679
72$903,110$504,792$414,707$680,931
73$926,286$460,586$359,659$658,673
74$949,655$412,042$300,595$633,730
75$973,167$358,880$237,312$605,920
76$996,767$300,802$169,599$575,045
77$1,020,390$237,494$97,234$540,899
78$1,043,965$168,626$19,986$503,260
79$1,067,408$93,848$0$461,892
80$1,090,627$12,790$0$433,204
81$1,113,516$0$0$407,044
82$1,135,957$0$0$409,197
83$1,157,815$0$0$416,410
84$1,178,942$0$0$423,270
85$1,199,169$0$0$429,708
86$1,218,309$0$0$435,646
87$1,236,151$0$0$440,996
88$1,252,460$0$0$445,661
89$1,266,974$0$0$449,531
90$1,279,403$0$0$452,486
91$1,289,419$0$0$454,391
92$1,296,663$0$0$455,097
93$1,300,730$0$0$454,436
94$1,301,174$0$0$452,226
95$1,297,498$0$0$448,260
96$1,289,151$0$0$442,312
97$1,275,520$0$0$434,130
98$1,255,928$0$0$423,434
99$1,229,622$0$0$409,915
100$1,195,769$0$0$393,231