Can I retire at age 65 with 607,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$50,125$49,679$49,243$48,818$48,403$48,159
2 years$24,815$24,352$23,905$23,470$23,049$22,802
3 years$16,379$15,915$15,468$15,038$14,623$14,382
4 years$12,162$11,699$11,257$10,834$10,429$10,195
5 years$9,632$9,172$8,736$8,321$7,928$7,702
6 years$7,946$7,490$7,060$6,655$6,273$6,055
7 years$6,742$6,290$5,867$5,471$5,102$4,892
8 years$5,840$5,392$4,975$4,590$4,233$4,031
9 years$5,139$4,694$4,285$3,909$3,564$3,371
10 years$4,578$4,138$3,736$3,370$3,037$2,852
11 years$4,119$3,684$3,289$2,933$2,612$2,435
12 years$3,737$3,306$2,919$2,572$2,263$2,095
13 years$3,414$2,988$2,608$2,271$1,974$1,813
14 years$3,138$2,716$2,343$2,016$1,730$1,577
15 years$2,899$2,481$2,116$1,798$1,523$1,378
16 years$2,689$2,276$1,918$1,610$1,346$1,208
17 years$2,505$2,096$1,745$1,446$1,194$1,062
18 years$2,341$1,937$1,593$1,304$1,061$937
19 years$2,195$1,795$1,459$1,178$946$828
20 years$2,063$1,668$1,339$1,067$845$733
21 years$1,944$1,554$1,231$968$756$650
22 years$1,836$1,451$1,135$880$678$578
23 years$1,738$1,357$1,048$802$609$514
24 years$1,648$1,271$969$731$547$458
25 years$1,565$1,193$898$668$492$408
26 years$1,489$1,121$832$611$443$364
27 years$1,418$1,055$773$559$400$325
28 years$1,353$994$719$512$361$291
29 years$1,292$938$669$470$326$260
30 years$1,236$886$623$431$294$233
31 years$1,183$837$581$396$266$209
32 years$1,133$792$542$364$241$187
33 years$1,087$750$506$334$218$167
34 years$1,044$711$473$308$197$150
35 years$1,003$675$442$283$179$135
36 years$964$640$413$261$162$121
37 years$928$608$387$240$147$108
38 years$893$578$362$222$133$97
39 years$861$549$339$204$121$87
40 years$830$523$318$188$109$78
41 years$801$498$298$174$99$70
42 years$773$474$280$160$90$63
43 years$746$452$263$148$82$57
44 years$721$430$247$137$74$51
45 years$697$410$231$126$67$46
46 years$674$392$217$117$61$41
47 years$653$374$204$108$56$37
48 years$632$357$192$100$50$33
49 years$612$341$180$92$46$30
50 years$593$325$170$85$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $607,000, adding $6,532 every year, while hoping to spend $39,384 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: 36/43/21 Blend
64$607,000$607,000$607,000$607,000
65$675,652$643,481$634,072$695,479
66$702,664$633,107$613,409$700,184
67$731,111$620,905$590,734$701,130
68$761,099$606,744$565,938$701,346
69$792,741$590,484$538,907$700,789
70$826,161$571,978$509,521$699,416
71$861,497$551,072$477,657$697,185
72$898,895$527,600$443,184$694,052
73$938,517$501,388$405,966$689,973
74$980,541$472,251$365,861$684,905
75$1,025,160$439,995$322,721$678,803
76$1,072,585$404,413$276,391$671,625
77$1,123,047$365,288$226,708$663,330
78$1,176,800$322,389$173,505$653,878
79$1,234,121$275,473$116,604$643,231
80$1,295,312$224,283$55,822$631,352
81$1,360,708$168,547$0$618,211
82$1,430,672$107,977$0$605,805
83$1,505,604$42,272$0$605,565
84$1,585,944$0$0$604,998
85$1,672,170$0$0$617,812
86$1,764,813$0$0$653,130
87$1,864,450$0$0$691,177
88$1,971,719$0$0$732,205
89$2,087,318$0$0$776,490
90$2,212,014$0$0$824,335
91$2,346,650$0$0$876,071
92$2,492,153$0$0$932,066
93$2,649,541$0$0$992,722
94$2,819,933$0$0$1,058,480
95$3,004,560$0$0$1,129,827
96$3,204,773$0$0$1,207,298
97$3,422,062$0$0$1,291,482
98$3,658,061$0$0$1,383,025
99$3,914,571$0$0$1,482,639
100$4,193,573$0$0$1,591,108