Can I retire at age 65 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$56,071$55,572$55,084$54,609$54,144$53,182
2 years$27,758$27,241$26,740$26,254$25,783$24,817
3 years$18,322$17,802$17,303$16,821$16,358$15,417
4 years$13,604$13,087$12,592$12,119$11,667$10,760
5 years$10,775$10,260$9,772$9,308$8,869$7,998
6 years$8,889$8,378$7,897$7,444$7,018$6,184
7 years$7,542$7,036$6,562$6,120$5,707$4,910
8 years$6,533$6,031$5,566$5,134$4,735$3,975
9 years$5,748$5,251$4,794$4,373$3,987$3,264
10 years$5,121$4,629$4,179$3,770$3,397$2,710
11 years$4,608$4,121$3,679$3,281$2,922$2,270
12 years$4,181$3,698$3,265$2,878$2,532$1,915
13 years$3,819$3,342$2,917$2,541$2,208$1,624
14 years$3,510$3,038$2,621$2,255$1,935$1,384
15 years$3,242$2,775$2,367$2,011$1,704$1,184
16 years$3,008$2,546$2,146$1,801$1,506$1,016
17 years$2,802$2,345$1,952$1,618$1,335$874
18 years$2,619$2,167$1,782$1,458$1,187$754
19 years$2,455$2,008$1,632$1,318$1,058$652
20 years$2,308$1,866$1,497$1,193$945$564
21 years$2,175$1,738$1,377$1,083$846$489
22 years$2,054$1,623$1,269$985$758$424
23 years$1,944$1,518$1,172$897$681$369
24 years$1,843$1,422$1,084$818$612$321
25 years$1,751$1,334$1,004$747$551$279
26 years$1,665$1,254$931$683$496$243
27 years$1,586$1,180$865$625$447$212
28 years$1,513$1,112$804$573$403$185
29 years$1,445$1,049$748$525$364$161
30 years$1,382$991$697$482$329$140
31 years$1,323$937$650$443$298$123
32 years$1,268$886$606$407$269$107
33 years$1,216$839$566$374$244$94
34 years$1,167$795$529$344$221$82
35 years$1,122$755$494$317$200$71
36 years$1,078$716$462$292$181$62
37 years$1,038$680$433$269$164$55
38 years$999$646$405$248$149$48
39 years$963$615$380$229$135$42
40 years$928$585$356$211$122$36
41 years$896$557$334$194$111$32
42 years$864$530$313$179$101$28
43 years$835$505$294$166$91$24
44 years$807$482$276$153$83$21
45 years$780$459$259$141$75$19
46 years$754$438$243$131$68$16
47 years$730$418$228$121$62$14
48 years$707$399$215$111$56$12
49 years$684$381$202$103$51$11
50 years$663$364$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $679,000, adding $4,548 every year, while hoping to spend $36,465 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: 64/14/22 Blend
64$679,000$679,000$679,000$679,000
65$752,949$716,962$706,438$796,583
66$790,952$713,295$691,305$822,864
67$831,608$708,226$674,443$847,057
68$875,151$701,648$655,756$872,652
69$921,835$693,447$635,142$899,789
70$971,939$683,503$612,496$928,624
71$1,025,770$671,688$587,708$959,329
72$1,083,665$657,867$560,663$992,095
73$1,145,993$641,896$531,239$1,027,135
74$1,213,160$623,625$499,311$1,064,685
75$1,285,611$602,892$464,748$1,105,005
76$1,363,838$579,527$427,410$1,148,384
77$1,448,376$553,351$387,156$1,195,143
78$1,539,819$524,174$343,834$1,245,637
79$1,638,815$491,793$297,287$1,300,259
80$1,746,080$455,997$247,352$1,359,446
81$1,862,400$416,560$193,858$1,423,679
82$1,988,638$373,245$136,625$1,493,492
83$2,125,744$325,800$75,468$1,569,478
84$2,274,765$273,959$10,191$1,652,288
85$2,436,851$217,442$0$1,742,649
86$2,613,266$155,953$0$1,855,320
87$2,805,402$89,178$0$1,980,688
88$3,014,793$16,788$0$2,117,389
89$3,243,123$0$0$2,266,561
90$3,492,249$0$0$2,438,943
91$3,764,214$0$0$2,629,996
92$4,061,264$0$0$2,838,718
93$4,385,877$0$0$3,066,854
94$4,740,777$0$0$3,316,325
95$5,128,963$0$0$3,589,247
96$5,553,741$0$0$3,887,949
97$6,018,747$0$0$4,214,995
98$6,527,988$0$0$4,573,210
99$7,085,873$0$0$4,965,704
100$7,697,262$0$0$5,395,902