Can I retire at age 65 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$50,704$50,252$49,811$49,381$48,961$47,700
2 years$25,101$24,633$24,180$23,741$23,315$22,053
3 years$16,568$16,098$15,646$15,211$14,792$13,568
4 years$12,302$11,834$11,386$10,959$10,550$9,374
5 years$9,743$9,278$8,836$8,417$8,020$6,895
6 years$8,038$7,576$7,141$6,731$6,346$5,273
7 years$6,820$6,362$5,934$5,534$5,161$4,141
8 years$5,907$5,454$5,033$4,643$4,281$3,313
9 years$5,198$4,748$4,335$3,954$3,606$2,688
10 years$4,631$4,186$3,779$3,409$3,072$2,205
11 years$4,167$3,726$3,327$2,967$2,642$1,823
12 years$3,780$3,344$2,953$2,602$2,290$1,518
13 years$3,454$3,022$2,638$2,297$1,997$1,270
14 years$3,174$2,747$2,370$2,039$1,750$1,068
15 years$2,932$2,510$2,140$1,819$1,541$901
16 years$2,720$2,303$1,940$1,628$1,362$762
17 years$2,534$2,121$1,766$1,463$1,208$646
18 years$2,368$1,959$1,612$1,319$1,074$549
19 years$2,220$1,816$1,475$1,191$957$468
20 years$2,087$1,688$1,354$1,079$855$399
21 years$1,967$1,572$1,246$979$765$341
22 years$1,857$1,467$1,148$890$686$291
23 years$1,758$1,372$1,060$811$616$249
24 years$1,667$1,286$980$740$553$213
25 years$1,583$1,207$908$675$498$183
26 years$1,506$1,134$842$618$448$156
27 years$1,435$1,067$782$565$404$134
28 years$1,368$1,006$727$518$365$115
29 years$1,307$949$676$475$329$99
30 years$1,250$896$630$436$298$85
31 years$1,196$847$587$400$269$73
32 years$1,146$801$548$368$243$62
33 years$1,100$759$512$338$220$54
34 years$1,056$719$478$311$199$46
35 years$1,014$682$447$287$181$40
36 years$975$648$418$264$164$34
37 years$938$615$391$243$148$29
38 years$904$585$367$224$134$25
39 years$871$556$343$207$122$22
40 years$839$529$322$191$111$19
41 years$810$503$302$176$100$16
42 years$782$479$283$162$91$14
43 years$755$457$266$150$83$12
44 years$730$435$249$138$75$10
45 years$705$415$234$128$68$9
46 years$682$396$220$118$62$7
47 years$660$378$207$109$56$6
48 years$639$361$194$101$51$6
49 years$619$345$182$93$46$5
50 years$599$329$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $614,000, adding $4,017 every year, while hoping to spend $50,596 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: 85/9/6 Blend
64$614,000$614,000$614,000$614,000
65$680,772$648,230$638,713$738,099
66$696,376$626,159$606,276$754,020
67$711,877$601,311$571,056$764,167
68$727,210$573,497$532,908$773,701
69$742,303$542,515$491,678$782,524
70$757,073$508,154$447,205$790,532
71$771,431$470,190$399,322$797,606
72$785,273$428,385$347,855$803,618
73$798,484$382,490$292,622$808,425
74$810,936$332,238$233,431$811,870
75$822,485$277,351$170,084$813,780
76$832,970$217,533$102,374$813,964
77$842,211$152,471$30,082$812,211
78$850,011$81,836$0$808,289
79$856,145$5,279$0$804,956
80$860,368$0$0$801,169
81$862,403$0$0$802,387
82$861,946$0$0$801,788
83$858,657$0$0$798,530
84$852,159$0$0$792,262
85$842,035$0$0$782,591
86$827,821$0$0$769,084
87$809,004$0$0$751,259
88$785,016$0$0$728,583
89$755,226$0$0$700,466
90$718,936$0$0$666,254
91$675,376$0$0$625,225
92$623,690$0$0$576,578
93$562,934$0$0$519,427
94$492,063$0$0$452,794
95$409,922$0$0$375,597
96$315,234$0$0$286,640
97$206,589$0$0$184,599
98$82,426$0$0$68,015
99$0$0$0$0
100$0$0$0$0