Can I retire at age 65 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$55,989$55,490$55,003$54,528$54,065$53,769
2 years$27,717$27,201$26,701$26,216$25,745$25,447
3 years$18,295$17,776$17,277$16,797$16,334$16,042
4 years$13,584$13,067$12,573$12,101$11,649$11,366
5 years$10,759$10,245$9,757$9,295$8,856$8,582
6 years$8,876$8,366$7,885$7,433$7,007$6,744
7 years$7,531$7,026$6,553$6,111$5,699$5,446
8 years$6,523$6,022$5,557$5,126$4,728$4,485
9 years$5,740$5,243$4,787$4,367$3,981$3,748
10 years$5,113$4,622$4,173$3,764$3,392$3,169
11 years$4,601$4,115$3,674$3,276$2,917$2,704
12 years$4,174$3,693$3,260$2,873$2,528$2,325
13 years$3,814$3,337$2,913$2,537$2,205$2,011
14 years$3,505$3,034$2,617$2,252$1,933$1,748
15 years$3,238$2,771$2,363$2,008$1,702$1,526
16 years$3,004$2,543$2,142$1,798$1,504$1,337
17 years$2,798$2,342$1,950$1,616$1,333$1,175
18 years$2,615$2,164$1,780$1,456$1,186$1,035
19 years$2,451$2,005$1,629$1,316$1,057$914
20 years$2,304$1,863$1,495$1,192$944$809
21 years$2,172$1,736$1,375$1,081$845$717
22 years$2,051$1,620$1,268$983$757$637
23 years$1,941$1,515$1,170$895$680$566
24 years$1,840$1,420$1,082$817$611$504
25 years$1,748$1,332$1,003$746$550$449
26 years$1,663$1,252$930$682$495$400
27 years$1,584$1,179$863$624$446$357
28 years$1,511$1,111$803$572$403$319
29 years$1,443$1,048$747$524$364$285
30 years$1,380$989$696$481$329$255
31 years$1,321$935$649$442$297$228
32 years$1,266$885$605$406$269$204
33 years$1,214$838$565$374$243$183
34 years$1,166$794$528$344$220$164
35 years$1,120$753$494$316$199$147
36 years$1,077$715$462$291$181$132
37 years$1,036$679$432$269$164$118
38 years$998$645$405$248$149$106
39 years$961$614$379$228$135$95
40 years$927$584$355$210$122$85
41 years$894$556$333$194$111$76
42 years$863$529$313$179$101$68
43 years$834$504$293$165$91$61
44 years$806$481$275$153$83$55
45 years$779$458$259$141$75$50
46 years$753$437$243$130$68$44
47 years$729$417$228$120$62$40
48 years$706$398$214$111$56$36
49 years$683$381$202$103$51$32
50 years$662$363$189$95$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $678,000, adding $3,893 every year, while hoping to spend $42,082 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: 33/37/30 Blend
64$678,000$678,000$678,000$678,000
65$751,172$715,238$704,729$769,029
66$783,016$705,509$683,562$773,288
67$816,699$693,894$660,276$773,896
68$852,362$680,255$634,755$773,749
69$890,162$664,446$606,879$772,809
70$930,269$646,315$576,520$771,041
71$972,871$625,699$543,548$768,408
72$1,018,172$602,426$507,825$764,874
73$1,066,394$576,314$469,205$760,407
74$1,117,782$547,169$427,540$754,973
75$1,172,605$514,789$382,671$748,542
76$1,231,155$478,958$334,435$741,087
77$1,293,754$439,448$282,660$732,583
78$1,360,753$396,018$227,166$723,008
79$1,432,541$348,414$167,767$712,348
80$1,509,540$296,366$104,267$700,590
81$1,592,216$239,590$36,462$687,732
82$1,681,079$177,787$0$673,775
83$1,776,689$110,639$0$670,224
84$1,879,662$37,811$0$678,811
85$1,990,673$0$0$687,961
86$2,110,465$0$0$714,512
87$2,239,853$0$0$759,897
88$2,379,734$0$0$809,044
89$2,531,092$0$0$862,311
90$2,695,010$0$0$920,090
91$2,872,678$0$0$982,812
92$3,065,407$0$0$1,050,951
93$3,274,635$0$0$1,125,028
94$3,501,945$0$0$1,205,618
95$3,749,080$0$0$1,293,353
96$4,017,956$0$0$1,388,926
97$4,310,681$0$0$1,493,103
98$4,629,575$0$0$1,606,724
99$4,977,191$0$0$1,730,717
100$5,356,340$0$0$1,866,101