Can I retire at age 65 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$55,906$55,408$54,922$54,448$53,985$52,257
2 years$27,676$27,161$26,661$26,177$25,707$23,982
3 years$18,268$17,750$17,252$16,772$16,310$14,642
4 years$13,564$13,048$12,555$12,083$11,632$10,034
5 years$10,743$10,230$9,743$9,281$8,843$7,319
6 years$8,863$8,353$7,874$7,422$6,997$5,548
7 years$7,520$7,015$6,543$6,102$5,690$4,317
8 years$6,514$6,013$5,549$5,119$4,721$3,422
9 years$5,731$5,236$4,779$4,360$3,975$2,750
10 years$5,106$4,615$4,167$3,759$3,387$2,233
11 years$4,594$4,108$3,668$3,271$2,913$1,827
12 years$4,168$3,688$3,256$2,869$2,525$1,505
13 years$3,808$3,332$2,909$2,533$2,201$1,246
14 years$3,500$3,029$2,613$2,249$1,930$1,036
15 years$3,233$2,767$2,360$2,005$1,699$864
16 years$2,999$2,539$2,139$1,796$1,502$723
17 years$2,794$2,338$1,947$1,613$1,331$606
18 years$2,611$2,161$1,777$1,454$1,184$509
19 years$2,448$2,002$1,627$1,314$1,055$428
20 years$2,301$1,861$1,493$1,190$943$361
21 years$2,168$1,733$1,373$1,080$843$304
22 years$2,048$1,618$1,266$982$756$257
23 years$1,938$1,513$1,169$894$679$217
24 years$1,838$1,418$1,081$816$610$183
25 years$1,745$1,330$1,001$745$549$155
26 years$1,660$1,250$928$681$494$131
27 years$1,582$1,177$862$623$446$111
28 years$1,509$1,109$801$571$402$94
29 years$1,441$1,046$746$524$363$80
30 years$1,378$988$695$481$328$67
31 years$1,319$934$648$441$297$57
32 years$1,264$884$604$406$268$48
33 years$1,212$837$564$373$243$41
34 years$1,164$793$527$343$220$35
35 years$1,118$752$493$316$199$29
36 years$1,075$714$461$291$180$25
37 years$1,035$678$432$268$164$21
38 years$996$645$404$247$148$18
39 years$960$613$379$228$134$15
40 years$926$583$355$210$122$13
41 years$893$555$333$194$111$11
42 years$862$529$312$179$100$9
43 years$832$504$293$165$91$8
44 years$804$480$275$153$83$7
45 years$778$458$258$141$75$6
46 years$752$437$242$130$68$5
47 years$728$417$228$120$62$4
48 years$705$398$214$111$56$3
49 years$682$380$201$103$51$3
50 years$661$363$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $677,000, adding $3,352 every year, while hoping to spend $38,925 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: 42/42/16 Blend
64$677,000$677,000$677,000$677,000
65$749,512$713,631$703,137$777,348
66$784,546$707,183$685,276$790,856
67$821,849$699,114$665,513$801,388
68$861,611$689,304$643,741$811,962
69$904,042$677,626$619,852$822,600
70$949,368$663,944$593,731$833,330
71$997,840$648,114$565,258$844,184
72$1,049,733$629,985$534,308$855,202
73$1,105,348$609,396$500,749$866,430
74$1,165,015$586,178$464,445$877,925
75$1,229,096$560,150$425,254$889,751
76$1,297,988$531,122$383,024$901,984
77$1,372,129$498,893$337,601$914,711
78$1,451,996$463,249$288,821$928,033
79$1,538,118$423,966$236,515$942,067
80$1,631,071$380,806$180,503$956,946
81$1,731,492$333,516$120,602$972,823
82$1,840,078$281,833$56,616$989,872
83$1,957,597$225,474$0$1,008,292
84$2,084,893$164,143$0$1,030,300
85$2,222,893$97,527$0$1,064,602
86$2,372,617$25,295$0$1,101,849
87$2,535,188$0$0$1,142,407
88$2,711,838$0$0$1,211,133
89$2,903,926$0$0$1,298,652
90$3,112,944$0$0$1,393,964
91$3,340,535$0$0$1,497,827
92$3,588,508$0$0$1,611,078
93$3,858,853$0$0$1,734,634
94$4,153,759$0$0$1,869,509
95$4,475,636$0$0$2,016,817
96$4,827,137$0$0$2,177,783
97$5,211,184$0$0$2,353,759
98$5,630,992$0$0$2,546,229
99$6,090,100$0$0$2,756,833
100$6,592,407$0$0$2,987,370