Can I retire at age 65 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,649$56,145$55,652$55,172$54,703$53,796
2 years$28,044$27,522$27,016$26,525$26,049$25,138
3 years$18,510$17,986$17,481$16,995$16,526$15,640
4 years$13,744$13,222$12,722$12,244$11,787$10,932
5 years$10,886$10,366$9,873$9,404$8,960$8,139
6 years$8,980$8,464$7,978$7,521$7,090$6,303
7 years$7,620$7,108$6,630$6,183$5,766$5,013
8 years$6,600$6,093$5,623$5,187$4,783$4,065
9 years$5,807$5,305$4,843$4,418$4,028$3,344
10 years$5,174$4,676$4,222$3,808$3,432$2,782
11 years$4,655$4,163$3,717$3,315$2,952$2,334
12 years$4,224$3,737$3,299$2,907$2,558$1,973
13 years$3,859$3,377$2,947$2,567$2,231$1,676
14 years$3,546$3,069$2,648$2,278$1,955$1,431
15 years$3,276$2,804$2,391$2,032$1,722$1,227
16 years$3,039$2,573$2,168$1,819$1,522$1,055
17 years$2,831$2,369$1,973$1,635$1,349$910
18 years$2,646$2,189$1,801$1,473$1,200$787
19 years$2,480$2,029$1,648$1,331$1,069$681
20 years$2,331$1,885$1,513$1,206$955$591
21 years$2,197$1,756$1,392$1,094$855$513
22 years$2,075$1,639$1,283$995$766$447
23 years$1,964$1,533$1,184$906$688$389
24 years$1,862$1,437$1,095$826$618$339
25 years$1,769$1,348$1,014$755$556$296
26 years$1,682$1,267$941$690$501$258
27 years$1,603$1,192$874$632$452$226
28 years$1,529$1,124$812$579$408$197
29 years$1,460$1,060$756$531$368$172
30 years$1,396$1,001$704$487$333$151
31 years$1,337$946$656$447$301$132
32 years$1,281$895$612$411$272$115
33 years$1,229$848$572$378$246$101
34 years$1,179$804$534$348$223$89
35 years$1,133$762$499$320$202$78
36 years$1,090$724$467$295$183$68
37 years$1,048$687$437$272$166$60
38 years$1,010$653$409$250$150$52
39 years$973$621$384$231$136$46
40 years$938$591$360$213$124$40
41 years$905$562$337$196$112$35
42 years$873$536$316$181$102$31
43 years$844$510$297$167$92$27
44 years$815$486$279$155$84$24
45 years$788$464$262$143$76$21
46 years$762$443$246$132$69$18
47 years$737$422$231$122$63$16
48 years$714$403$217$113$57$14
49 years$691$385$204$104$52$12
50 years$670$368$192$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $686,000, adding $6,150 every year, while hoping to spend $41,235 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: 34/37/29 Blend
64$686,000$686,000$686,000$686,000
65$762,316$725,958$715,325$781,387
66$796,198$717,656$695,414$788,033
67$832,155$707,565$673,455$791,093
68$870,353$695,555$649,334$793,604
69$910,977$681,485$622,935$795,544
70$954,229$665,209$594,135$796,895
71$1,000,327$646,572$562,806$797,641
72$1,049,513$625,407$528,813$797,768
73$1,102,052$601,540$492,016$797,266
74$1,158,232$574,787$452,270$796,126
75$1,218,372$544,951$409,421$794,348
76$1,282,819$511,827$363,310$791,932
77$1,351,955$475,195$313,769$788,888
78$1,426,199$434,824$260,625$785,230
79$1,506,011$390,470$203,696$780,981
80$1,591,895$341,874$142,790$776,174
81$1,684,407$288,764$77,712$770,851
82$1,784,153$230,850$8,252$765,065
83$1,891,804$167,829$0$758,885
84$2,008,093$99,378$0$772,777
85$2,133,829$25,158$0$790,508
86$2,269,899$0$0$809,714
87$2,417,277$0$0$853,084
88$2,577,038$0$0$911,286
89$2,750,360$0$0$974,516
90$2,938,541$0$0$1,043,260
91$3,143,006$0$0$1,118,050
92$3,365,327$0$0$1,199,473
93$3,607,228$0$0$1,288,173
94$3,870,611$0$0$1,384,861
95$4,157,566$0$0$1,490,317
96$4,470,392$0$0$1,605,403
97$4,811,623$0$0$1,731,064
98$5,184,044$0$0$1,868,342
99$5,590,724$0$0$2,018,386
100$6,035,039$0$0$2,182,457