Can I retire at age 65 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$56,402$55,899$55,409$54,931$54,463$53,233
2 years$27,922$27,402$26,898$26,409$25,935$24,702
3 years$18,429$17,907$17,404$16,920$16,454$15,257
4 years$13,684$13,164$12,666$12,190$11,735$10,584
5 years$10,838$10,320$9,829$9,363$8,921$7,818
6 years$8,941$8,427$7,944$7,488$7,059$6,005
7 years$7,587$7,077$6,601$6,156$5,741$4,736
8 years$6,571$6,067$5,598$5,164$4,762$3,808
9 years$5,782$5,282$4,822$4,399$4,011$3,104
10 years$5,151$4,656$4,204$3,792$3,417$2,559
11 years$4,635$4,145$3,701$3,300$2,939$2,127
12 years$4,205$3,720$3,284$2,895$2,547$1,780
13 years$3,842$3,362$2,934$2,555$2,221$1,498
14 years$3,531$3,056$2,637$2,268$1,947$1,266
15 years$3,261$2,792$2,381$2,023$1,714$1,074
16 years$3,026$2,561$2,158$1,811$1,515$914
17 years$2,818$2,359$1,964$1,628$1,343$780
18 years$2,634$2,180$1,793$1,467$1,194$666
19 years$2,469$2,020$1,641$1,325$1,065$571
20 years$2,321$1,877$1,506$1,200$951$490
21 years$2,188$1,749$1,385$1,089$851$421
22 years$2,066$1,632$1,277$991$763$362
23 years$1,955$1,527$1,179$902$685$311
24 years$1,854$1,430$1,090$823$615$268
25 years$1,761$1,342$1,010$751$554$231
26 years$1,675$1,261$937$687$499$199
27 years$1,596$1,187$870$629$450$172
28 years$1,522$1,119$809$576$406$149
29 years$1,454$1,055$752$528$366$128
30 years$1,390$997$701$485$331$111
31 years$1,331$942$653$445$299$96
32 years$1,275$892$610$409$271$83
33 years$1,223$844$569$376$245$72
34 years$1,174$800$532$346$222$62
35 years$1,128$759$497$319$201$54
36 years$1,085$720$465$294$182$46
37 years$1,044$684$435$271$165$40
38 years$1,005$650$408$249$150$35
39 years$968$618$382$230$136$30
40 years$934$588$358$212$123$26
41 years$901$560$336$196$112$22
42 years$870$533$315$181$101$19
43 years$840$508$296$167$92$17
44 years$812$484$277$154$83$15
45 years$785$462$260$142$76$13
46 years$759$441$245$131$69$11
47 years$734$420$230$121$62$9
48 years$711$401$216$112$57$8
49 years$688$383$203$104$52$7
50 years$667$366$191$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $683,000, adding $6,846 every year, while hoping to spend $38,508 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: 73/16/11 Blend
64$683,000$683,000$683,000$683,000
65$759,728$723,529$712,942$813,051
66$796,248$718,009$695,853$843,691
67$835,202$710,929$676,902$871,797
68$876,799$702,170$655,984$901,526
69$921,265$691,609$632,992$933,029
70$968,850$679,114$607,813$966,471
71$1,019,828$664,546$580,330$1,002,037
72$1,074,498$647,757$550,419$1,039,928
73$1,133,190$628,590$517,952$1,080,369
74$1,196,266$606,881$482,793$1,123,608
75$1,264,120$582,454$444,802$1,169,918
76$1,337,190$555,124$403,833$1,219,602
77$1,415,953$524,695$359,731$1,272,994
78$1,500,935$490,959$312,336$1,330,464
79$1,592,712$453,698$261,481$1,392,421
80$1,691,919$412,679$206,991$1,459,316
81$1,799,253$367,659$148,683$1,531,648
82$1,915,479$318,377$86,367$1,609,968
83$2,041,441$264,560$19,843$1,694,886
84$2,178,064$205,920$0$1,787,075
85$2,326,368$142,151$0$1,893,282
86$2,487,471$72,930$0$2,011,201
87$2,662,608$0$0$2,139,435
88$2,853,133$0$0$2,279,380
89$3,060,538$0$0$2,445,730
90$3,286,464$0$0$2,626,964
91$3,532,718$0$0$2,824,534
92$3,801,288$0$0$3,040,040
93$4,094,361$0$0$3,275,240
94$4,414,346$0$0$3,532,072
95$4,763,893$0$0$3,812,668
96$5,145,922$0$0$4,119,374
97$5,563,646$0$0$4,454,776
98$6,020,601$0$0$4,821,718
99$6,520,684$0$0$5,223,335
100$7,068,184$0$0$5,663,074