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%16.8%
1 years$57,145$56,636$56,139$55,654$55,181$53,651
2 years$28,289$27,763$27,252$26,757$26,277$24,747
3 years$18,672$18,143$17,634$17,143$16,671$15,189
4 years$13,865$13,337$12,833$12,351$11,890$10,467
5 years$10,981$10,456$9,959$9,487$9,039$7,679
6 years$9,059$8,539$8,048$7,587$7,152$5,857
7 years$7,687$7,171$6,688$6,237$5,816$4,586
8 years$6,658$6,147$5,672$5,232$4,825$3,658
9 years$5,858$5,352$4,885$4,457$4,064$2,959
10 years$5,219$4,717$4,259$3,842$3,462$2,420
11 years$4,696$4,199$3,750$3,344$2,978$1,994
12 years$4,261$3,769$3,328$2,933$2,580$1,655
13 years$3,893$3,406$2,973$2,589$2,250$1,380
14 years$3,577$3,096$2,671$2,298$1,973$1,156
15 years$3,304$2,828$2,412$2,050$1,737$972
16 years$3,066$2,595$2,187$1,835$1,535$820
17 years$2,856$2,390$1,990$1,649$1,361$693
18 years$2,669$2,208$1,816$1,486$1,210$587
19 years$2,502$2,047$1,663$1,343$1,079$498
20 years$2,352$1,902$1,526$1,216$963$423
21 years$2,216$1,772$1,404$1,104$862$359
22 years$2,093$1,654$1,294$1,004$773$306
23 years$1,981$1,547$1,195$914$694$261
24 years$1,878$1,449$1,105$834$624$222
25 years$1,784$1,360$1,023$761$561$190
26 years$1,697$1,278$949$696$505$162
27 years$1,617$1,203$881$637$456$138
28 years$1,542$1,133$819$584$411$118
29 years$1,473$1,069$762$535$371$101
30 years$1,409$1,010$710$491$335$86
31 years$1,348$955$662$451$303$74
32 years$1,292$903$618$415$274$63
33 years$1,239$855$577$381$248$54
34 years$1,190$811$539$351$225$46
35 years$1,143$769$504$323$204$39
36 years$1,099$730$471$297$184$34
37 years$1,058$693$441$274$167$29
38 years$1,018$659$413$253$152$25
39 years$981$626$387$233$137$21
40 years$946$596$363$215$125$18
41 years$913$567$340$198$113$16
42 years$881$540$319$183$103$13
43 years$851$515$299$169$93$11
44 years$822$491$281$156$85$10
45 years$795$468$264$144$77$8
46 years$769$446$248$133$70$7
47 years$744$426$233$123$63$6
48 years$720$407$219$114$57$5
49 years$697$388$206$105$52$4
50 years$676$371$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $692,000, adding $3,555 every year, while hoping to spend $57,237 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: 69/25/6 Blend
64$692,000$692,000$692,000$692,000
65$766,251$729,575$718,849$818,238
66$783,509$704,424$682,031$827,947
67$800,609$676,123$642,061$831,211
68$817,474$644,456$598,773$833,214
69$834,018$609,197$551,994$833,819
70$850,145$570,104$501,542$832,879
71$865,745$526,924$447,229$830,233
72$880,695$479,388$388,856$825,704
73$894,860$427,212$326,217$819,104
74$908,087$370,097$259,096$810,222
75$920,204$307,723$187,267$798,832
76$931,021$239,758$110,497$784,687
77$940,325$165,846$28,539$767,518
78$947,880$85,615$0$747,030
79$953,423$0$0$726,677
80$956,660$0$0$704,898
81$957,265$0$0$704,649
82$954,878$0$0$702,101
83$949,096$0$0$696,950
84$939,475$0$0$688,855
85$925,519$0$0$677,440
86$906,682$0$0$662,288
87$882,357$0$0$642,937
88$851,871$0$0$618,874
89$814,479$0$0$589,533
90$769,360$0$0$554,287
91$715,599$0$0$512,441
92$652,190$0$0$463,228
93$578,017$0$0$405,799
94$491,846$0$0$339,214
95$392,313$0$0$262,436
96$277,913$0$0$174,319
97$146,980$0$0$73,594
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0