Can I retire at age 65 with 610,000?

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 $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%15.7%
1 years$50,373$49,925$49,487$49,059$48,642$47,505
2 years$24,937$24,473$24,023$23,586$23,163$22,024
3 years$16,460$15,993$15,544$15,112$14,696$13,590
4 years$12,222$11,757$11,312$10,887$10,481$9,417
5 years$9,680$9,217$8,779$8,363$7,967$6,949
6 years$7,985$7,527$7,095$6,688$6,304$5,332
7 years$6,776$6,321$5,896$5,498$5,127$4,201
8 years$5,869$5,418$5,000$4,612$4,253$3,373
9 years$5,164$4,718$4,306$3,929$3,582$2,747
10 years$4,600$4,158$3,754$3,387$3,052$2,261
11 years$4,140$3,702$3,305$2,947$2,625$1,877
12 years$3,756$3,323$2,933$2,585$2,275$1,569
13 years$3,431$3,003$2,621$2,282$1,984$1,318
14 years$3,153$2,729$2,355$2,026$1,739$1,113
15 years$2,913$2,493$2,126$1,807$1,531$943
16 years$2,703$2,288$1,928$1,618$1,353$801
17 years$2,517$2,107$1,754$1,454$1,200$682
18 years$2,353$1,947$1,601$1,310$1,067$583
19 years$2,205$1,804$1,466$1,184$951$498
20 years$2,073$1,677$1,345$1,072$849$427
21 years$1,954$1,562$1,237$973$760$366
22 years$1,845$1,458$1,140$885$681$314
23 years$1,746$1,363$1,053$806$612$270
24 years$1,656$1,277$974$735$550$232
25 years$1,573$1,199$902$671$495$200
26 years$1,496$1,127$837$614$446$172
27 years$1,425$1,060$777$562$402$148
28 years$1,360$999$722$515$362$128
29 years$1,299$943$672$472$327$110
30 years$1,242$890$626$433$296$95
31 years$1,189$841$584$398$267$82
32 years$1,139$796$544$366$242$71
33 years$1,092$754$508$336$219$61
34 years$1,049$715$475$309$198$53
35 years$1,008$678$444$285$179$46
36 years$969$643$415$262$163$39
37 years$932$611$389$242$147$34
38 years$898$581$364$223$134$29
39 years$865$552$341$205$121$25
40 years$834$525$320$189$110$22
41 years$805$500$300$175$100$19
42 years$777$476$281$161$90$16
43 years$750$454$264$149$82$14
44 years$725$433$248$137$75$12
45 years$701$412$233$127$68$11
46 years$678$394$218$117$61$9
47 years$656$376$205$108$56$8
48 years$635$358$193$100$51$7
49 years$615$342$181$93$46$6
50 years$596$327$170$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $610,000, adding $4,842 every year, while hoping to spend $30,487 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: 42/36/22 Blend
64$610,000$610,000$610,000$610,000
65$677,215$644,885$635,430$701,115
66$713,852$644,046$624,278$717,760
67$753,206$642,144$611,732$732,473
68$795,519$639,096$597,711$747,790
69$841,061$634,811$582,134$763,782
70$890,127$629,194$564,913$780,531
71$943,041$622,145$545,959$798,129
72$1,000,159$613,558$525,176$816,678
73$1,061,872$603,320$502,466$836,295
74$1,128,610$591,310$477,726$857,109
75$1,200,846$577,402$450,848$879,269
76$1,279,100$561,462$421,718$902,936
77$1,363,942$543,347$390,220$928,296
78$1,456,000$522,907$356,229$955,555
79$1,555,966$499,984$319,616$984,942
80$1,664,600$474,408$280,248$1,016,716
81$1,782,736$446,001$237,984$1,051,165
82$1,911,296$414,576$192,677$1,088,609
83$2,051,290$379,932$144,174$1,129,406
84$2,203,833$341,860$92,315$1,173,958
85$2,370,149$300,136$36,932$1,222,708
86$2,551,587$254,526$0$1,276,153
87$2,749,632$204,781$0$1,340,049
88$2,965,918$150,639$0$1,419,396
89$3,202,244$91,822$0$1,506,242
90$3,460,590$28,038$0$1,601,395
91$3,743,135$0$0$1,705,745
92$4,052,282$0$0$1,836,532
93$4,390,674$0$0$1,991,924
94$4,761,220$0$0$2,162,159
95$5,167,127$0$0$2,348,722
96$5,611,925$0$0$2,553,243
97$6,099,502$0$0$2,777,521
98$6,634,139$0$0$3,023,537
99$7,220,552$0$0$3,293,472
100$7,863,936$0$0$3,589,728