Can I retire at age 65 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$57,145$56,636$56,139$55,654$55,181$54,605
2 years$28,289$27,763$27,252$26,757$26,277$25,696
3 years$18,672$18,143$17,634$17,143$16,671$16,105
4 years$13,865$13,337$12,833$12,351$11,890$11,342
5 years$10,981$10,456$9,959$9,487$9,039$8,510
6 years$9,059$8,539$8,048$7,587$7,152$6,644
7 years$7,687$7,171$6,688$6,237$5,816$5,330
8 years$6,658$6,147$5,672$5,232$4,825$4,359
9 years$5,858$5,352$4,885$4,457$4,064$3,618
10 years$5,219$4,717$4,259$3,842$3,462$3,037
11 years$4,696$4,199$3,750$3,344$2,978$2,573
12 years$4,261$3,769$3,328$2,933$2,580$2,195
13 years$3,893$3,406$2,973$2,589$2,250$1,884
14 years$3,577$3,096$2,671$2,298$1,973$1,625
15 years$3,304$2,828$2,412$2,050$1,737$1,407
16 years$3,066$2,595$2,187$1,835$1,535$1,223
17 years$2,856$2,390$1,990$1,649$1,361$1,065
18 years$2,669$2,208$1,816$1,486$1,210$931
19 years$2,502$2,047$1,663$1,343$1,079$815
20 years$2,352$1,902$1,526$1,216$963$715
21 years$2,216$1,772$1,404$1,104$862$628
22 years$2,093$1,654$1,294$1,004$773$553
23 years$1,981$1,547$1,195$914$694$487
24 years$1,878$1,449$1,105$834$624$430
25 years$1,784$1,360$1,023$761$561$379
26 years$1,697$1,278$949$696$505$335
27 years$1,617$1,203$881$637$456$296
28 years$1,542$1,133$819$584$411$262
29 years$1,473$1,069$762$535$371$232
30 years$1,409$1,010$710$491$335$205
31 years$1,348$955$662$451$303$182
32 years$1,292$903$618$415$274$161
33 years$1,239$855$577$381$248$143
34 years$1,190$811$539$351$225$127
35 years$1,143$769$504$323$204$112
36 years$1,099$730$471$297$184$100
37 years$1,058$693$441$274$167$89
38 years$1,018$659$413$253$152$79
39 years$981$626$387$233$137$70
40 years$946$596$363$215$125$62
41 years$913$567$340$198$113$55
42 years$881$540$319$183$103$49
43 years$851$515$299$169$93$43
44 years$822$491$281$156$85$39
45 years$795$468$264$144$77$34
46 years$769$446$248$133$70$30
47 years$744$426$233$123$63$27
48 years$720$407$219$114$57$24
49 years$697$388$206$105$52$21
50 years$676$371$193$97$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $692,000, adding $5,283 every year, while hoping to spend $28,172 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: 58/14/28 Blend
64$692,000$692,000$692,000$692,000
65$768,033$731,357$720,631$806,429
66$816,398$737,219$714,798$839,185
67$868,752$742,424$707,825$871,465
68$925,471$746,910$699,644$906,083
69$986,972$750,611$690,184$943,274
70$1,053,709$753,457$679,372$983,297
71$1,126,185$755,373$667,128$1,026,439
72$1,204,950$756,281$653,371$1,073,018
73$1,290,612$756,096$638,016$1,123,385
74$1,383,839$754,729$620,974$1,177,928
75$1,485,365$752,085$602,151$1,237,075
76$1,595,998$748,063$581,449$1,301,300
77$1,716,628$742,557$558,766$1,371,126
78$1,848,234$735,452$533,995$1,447,132
79$1,991,895$726,630$507,024$1,529,957
80$2,148,795$715,962$477,736$1,620,306
81$2,320,242$703,314$446,010$1,718,960
82$2,507,673$688,542$411,718$1,826,778
83$2,712,670$671,496$374,725$1,944,714
84$2,936,978$652,015$334,894$2,073,815
85$3,182,516$629,929$292,079$2,215,244
86$3,451,396$605,059$246,127$2,370,280
87$3,745,946$577,214$196,879$2,540,336
88$4,068,729$546,195$144,172$2,726,975
89$4,422,568$511,787$87,830$2,931,918
90$4,810,571$473,766$27,674$3,157,068
91$5,236,164$431,895$0$3,404,524
92$5,703,116$385,921$0$3,687,514
93$6,215,583$335,581$0$4,007,217
94$6,778,140$280,592$0$4,358,239
95$7,395,828$220,658$0$4,743,757
96$8,074,199$155,467$0$5,167,274
97$8,819,370$84,687$0$5,632,650
98$9,638,079$7,970$0$6,144,141
99$10,537,748$0$0$6,706,436
100$11,526,557$0$0$7,336,267