Can I retire at age 65 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$50,373$49,925$49,487$49,059$48,642$46,786
2 years$24,937$24,473$24,023$23,586$23,163$21,315
3 years$16,460$15,993$15,544$15,112$14,696$12,914
4 years$12,222$11,757$11,312$10,887$10,481$8,779
5 years$9,680$9,217$8,779$8,363$7,967$6,349
6 years$7,985$7,527$7,095$6,688$6,304$4,771
7 years$6,776$6,321$5,896$5,498$5,127$3,679
8 years$5,869$5,418$5,000$4,612$4,253$2,888
9 years$5,164$4,718$4,306$3,929$3,582$2,298
10 years$4,600$4,158$3,754$3,387$3,052$1,847
11 years$4,140$3,702$3,305$2,947$2,625$1,496
12 years$3,756$3,323$2,933$2,585$2,275$1,220
13 years$3,431$3,003$2,621$2,282$1,984$999
14 years$3,153$2,729$2,355$2,026$1,739$821
15 years$2,913$2,493$2,126$1,807$1,531$677
16 years$2,703$2,288$1,928$1,618$1,353$560
17 years$2,517$2,107$1,754$1,454$1,200$464
18 years$2,353$1,947$1,601$1,310$1,067$385
19 years$2,205$1,804$1,466$1,184$951$320
20 years$2,073$1,677$1,345$1,072$849$266
21 years$1,954$1,562$1,237$973$760$222
22 years$1,845$1,458$1,140$885$681$185
23 years$1,746$1,363$1,053$806$612$154
24 years$1,656$1,277$974$735$550$129
25 years$1,573$1,199$902$671$495$107
26 years$1,496$1,127$837$614$446$90
27 years$1,425$1,060$777$562$402$75
28 years$1,360$999$722$515$362$63
29 years$1,299$943$672$472$327$52
30 years$1,242$890$626$433$296$44
31 years$1,189$841$584$398$267$37
32 years$1,139$796$544$366$242$31
33 years$1,092$754$508$336$219$26
34 years$1,049$715$475$309$198$21
35 years$1,008$678$444$285$179$18
36 years$969$643$415$262$163$15
37 years$932$611$389$242$147$13
38 years$898$581$364$223$134$10
39 years$865$552$341$205$121$9
40 years$834$525$320$189$110$7
41 years$805$500$300$175$100$6
42 years$777$476$281$161$90$5
43 years$750$454$264$149$82$4
44 years$725$433$248$137$75$4
45 years$701$412$233$127$68$3
46 years$678$394$218$117$61$3
47 years$656$376$205$108$56$2
48 years$635$358$193$100$51$2
49 years$615$342$181$93$46$1
50 years$596$327$170$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $610,000, adding $4,707 every year, while hoping to spend $48,187 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: 59/17/24 Blend
64$610,000$610,000$610,000$610,000
65$677,075$644,745$635,290$712,404
66$694,866$625,067$605,302$717,320
67$712,857$602,810$572,694$717,084
68$731,017$577,796$537,328$715,786
69$749,311$549,838$499,058$713,333
70$767,698$518,738$457,734$709,628
71$786,133$484,285$413,198$704,563
72$804,562$446,259$365,283$698,023
73$822,925$404,423$313,818$689,886
74$841,155$358,531$258,622$680,017
75$859,174$308,321$199,508$668,275
76$876,896$253,515$136,278$654,504
77$894,224$193,822$68,728$638,538
78$911,047$128,932$0$620,199
79$927,244$58,519$0$600,152
80$942,675$0$0$596,168
81$957,187$0$0$593,784
82$970,608$0$0$601,611
83$982,745$0$0$608,574
84$993,383$0$0$614,534
85$1,002,285$0$0$619,334
86$1,009,182$0$0$622,800
87$1,013,781$0$0$624,739
88$1,015,751$0$0$624,936
89$1,014,726$0$0$623,153
90$1,010,301$0$0$619,123
91$1,002,025$0$0$612,553
92$989,398$0$0$603,116
93$971,866$0$0$590,452
94$948,815$0$0$574,159
95$919,563$0$0$553,794
96$883,358$0$0$528,865
97$839,365$0$0$498,829
98$786,661$0$0$463,084
99$724,224$0$0$420,964
100$650,923$0$0$371,734