Can I retire at age 65 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,291$49,843$49,406$48,979$48,563$47,293
2 years$24,896$24,433$23,983$23,548$23,125$21,854
3 years$16,433$15,967$15,519$15,087$14,671$13,440
4 years$12,202$11,737$11,294$10,869$10,464$9,280
5 years$9,664$9,202$8,764$8,349$7,954$6,823
6 years$7,972$7,514$7,083$6,677$6,294$5,215
7 years$6,765$6,311$5,886$5,489$5,119$4,093
8 years$5,859$5,409$4,992$4,605$4,247$3,273
9 years$5,156$4,710$4,299$3,922$3,576$2,654
10 years$4,593$4,151$3,748$3,381$3,047$2,175
11 years$4,133$3,696$3,300$2,942$2,621$1,798
12 years$3,750$3,317$2,929$2,581$2,271$1,495
13 years$3,426$2,998$2,617$2,279$1,980$1,251
14 years$3,148$2,725$2,351$2,023$1,736$1,051
15 years$2,908$2,489$2,123$1,804$1,528$886
16 years$2,698$2,284$1,924$1,615$1,351$749
17 years$2,513$2,103$1,751$1,451$1,198$635
18 years$2,349$1,944$1,599$1,308$1,065$539
19 years$2,202$1,801$1,463$1,182$949$459
20 years$2,070$1,674$1,343$1,070$848$391
21 years$1,951$1,559$1,235$971$759$333
22 years$1,842$1,455$1,139$883$680$285
23 years$1,743$1,361$1,051$804$611$243
24 years$1,653$1,275$972$734$549$208
25 years$1,570$1,197$901$670$494$178
26 years$1,494$1,125$835$613$445$153
27 years$1,423$1,059$776$561$401$131
28 years$1,357$998$721$514$362$112
29 years$1,296$941$671$471$327$96
30 years$1,240$889$625$432$295$82
31 years$1,187$840$583$397$267$71
32 years$1,137$795$544$365$241$61
33 years$1,091$753$508$336$219$52
34 years$1,047$713$474$309$198$45
35 years$1,006$677$443$284$179$38
36 years$967$642$415$262$162$33
37 years$931$610$388$241$147$28
38 years$896$580$364$222$133$24
39 years$864$551$341$205$121$21
40 years$833$525$319$189$110$18
41 years$803$499$299$174$100$15
42 years$775$476$281$161$90$13
43 years$749$453$263$149$82$11
44 years$724$432$247$137$74$10
45 years$700$412$232$127$68$8
46 years$677$393$218$117$61$7
47 years$655$375$205$108$56$6
48 years$634$358$193$100$51$5
49 years$614$342$181$92$46$5
50 years$595$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $609,000, adding $6,813 every year, while hoping to spend $51,986 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: 80/7/13 Blend
64$609,000$609,000$609,000$609,000
65$678,146$645,869$636,429$730,159
66$692,004$622,203$602,437$741,643
67$705,533$595,636$565,563$746,822
68$718,645$565,970$525,657$751,002
69$731,241$532,997$482,561$754,061
70$743,209$496,495$436,108$755,861
71$754,426$456,233$386,127$756,254
72$764,751$411,962$332,437$755,075
73$774,032$363,424$274,849$752,143
74$782,094$310,343$213,168$747,259
75$788,746$252,428$147,187$740,205
76$793,773$189,372$76,692$730,741
77$796,936$120,850$1,460$718,603
78$797,972$46,519$0$703,502
79$796,585$0$0$696,051
80$792,449$0$0$688,513
81$785,202$0$0$681,806
82$774,441$0$0$671,990
83$759,720$0$0$658,674
84$740,546$0$0$641,420
85$716,372$0$0$619,748
86$686,590$0$0$593,120
87$650,532$0$0$560,947
88$607,453$0$0$522,574
89$556,533$0$0$477,274
90$496,864$0$0$424,249
91$427,440$0$0$362,611
92$347,152$0$0$291,381
93$254,773$0$0$209,477
94$148,945$0$0$115,703
95$28,171$0$0$8,737
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0