Can I retire at age 65 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$50,538$50,088$49,649$49,220$48,802$48,515
2 years$25,019$24,553$24,101$23,664$23,239$22,949
3 years$16,514$16,046$15,595$15,162$14,744$14,460
4 years$12,262$11,795$11,349$10,923$10,515$10,241
5 years$9,711$9,248$8,808$8,390$7,994$7,728
6 years$8,012$7,551$7,118$6,709$6,325$6,069
7 years$6,798$6,342$5,915$5,516$5,144$4,898
8 years$5,888$5,436$5,016$4,627$4,267$4,032
9 years$5,181$4,733$4,321$3,942$3,594$3,368
10 years$4,615$4,172$3,767$3,398$3,062$2,846
11 years$4,153$3,714$3,316$2,957$2,633$2,427
12 years$3,768$3,333$2,943$2,594$2,282$2,085
13 years$3,443$3,012$2,629$2,290$1,990$1,802
14 years$3,164$2,738$2,363$2,033$1,744$1,565
15 years$2,922$2,501$2,133$1,813$1,536$1,366
16 years$2,711$2,295$1,934$1,623$1,357$1,196
17 years$2,525$2,114$1,760$1,458$1,204$1,050
18 years$2,360$1,953$1,606$1,314$1,070$925
19 years$2,213$1,810$1,471$1,188$954$816
20 years$2,080$1,682$1,350$1,076$852$722
21 years$1,960$1,567$1,241$976$762$639
22 years$1,851$1,463$1,144$888$683$567
23 years$1,752$1,368$1,056$808$614$504
24 years$1,661$1,282$977$737$551$448
25 years$1,578$1,203$905$673$496$399
26 years$1,501$1,130$839$616$447$355
27 years$1,430$1,064$779$563$403$317
28 years$1,364$1,002$725$516$364$283
29 years$1,303$946$674$473$328$253
30 years$1,246$893$628$434$297$226
31 years$1,193$844$585$399$268$202
32 years$1,143$799$546$367$243$180
33 years$1,096$757$510$337$220$161
34 years$1,052$717$477$310$199$145
35 years$1,011$680$446$286$180$129
36 years$972$645$417$263$163$116
37 years$935$613$390$242$148$104
38 years$901$583$365$223$134$93
39 years$868$554$342$206$122$83
40 years$837$527$321$190$110$75
41 years$807$502$301$175$100$67
42 years$779$478$282$162$91$60
43 years$753$455$265$149$82$54
44 years$727$434$249$138$75$48
45 years$703$414$233$127$68$43
46 years$680$395$219$118$62$39
47 years$658$377$206$109$56$35
48 years$637$360$194$100$51$31
49 years$617$343$182$93$46$28
50 years$598$328$171$86$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $612,000, adding $5,926 every year, while hoping to spend $36,018 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: 38/46/16 Blend
64$612,000$612,000$612,000$612,000
65$680,537$648,101$638,615$702,910
66$711,629$641,535$621,685$712,924
67$744,685$633,440$602,982$719,848
68$779,867$623,703$582,406$726,564
69$817,354$612,205$559,857$733,070
70$857,340$598,819$535,228$739,371
71$900,037$583,409$508,407$745,471
72$945,680$565,836$479,278$751,382
73$994,524$545,947$447,719$757,117
74$1,046,851$523,583$413,603$762,697
75$1,102,968$498,577$376,797$768,147
76$1,163,213$470,750$337,161$773,499
77$1,227,957$439,913$294,553$778,795
78$1,297,607$405,867$248,818$784,084
79$1,372,610$368,401$199,800$789,424
80$1,453,456$327,293$147,334$794,888
81$1,540,685$282,306$91,246$800,558
82$1,634,889$233,194$31,357$806,533
83$1,736,720$179,692$0$812,928
84$1,846,891$121,523$0$825,434
85$1,966,191$58,394$0$844,721
86$2,095,483$0$0$865,644
87$2,235,718$0$0$893,506
88$2,387,941$0$0$955,905
89$2,553,304$0$0$1,023,764
90$2,733,069$0$0$1,097,611
91$2,928,630$0$0$1,178,027
92$3,141,516$0$0$1,265,651
93$3,373,413$0$0$1,361,189
94$3,626,175$0$0$1,465,414
95$3,901,842$0$0$1,579,181
96$4,202,659$0$0$1,703,426
97$4,531,099$0$0$1,839,184
98$4,889,882$0$0$1,987,593
99$5,282,004$0$0$2,149,905
100$5,710,764$0$0$2,327,500