Can I retire at age 65 with 614,000?

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 $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%11.3%
1 years$50,704$50,252$49,811$49,381$48,961$48,693
2 years$25,101$24,633$24,180$23,741$23,315$23,045
3 years$16,568$16,098$15,646$15,211$14,792$14,528
4 years$12,302$11,834$11,386$10,959$10,550$10,293
5 years$9,743$9,278$8,836$8,417$8,020$7,772
6 years$8,038$7,576$7,141$6,731$6,346$6,107
7 years$6,820$6,362$5,934$5,534$5,161$4,931
8 years$5,907$5,454$5,033$4,643$4,281$4,061
9 years$5,198$4,748$4,335$3,954$3,606$3,395
10 years$4,631$4,186$3,779$3,409$3,072$2,870
11 years$4,167$3,726$3,327$2,967$2,642$2,449
12 years$3,780$3,344$2,953$2,602$2,290$2,105
13 years$3,454$3,022$2,638$2,297$1,997$1,821
14 years$3,174$2,747$2,370$2,039$1,750$1,583
15 years$2,932$2,510$2,140$1,819$1,541$1,382
16 years$2,720$2,303$1,940$1,628$1,362$1,211
17 years$2,534$2,121$1,766$1,463$1,208$1,064
18 years$2,368$1,959$1,612$1,319$1,074$937
19 years$2,220$1,816$1,475$1,191$957$828
20 years$2,087$1,688$1,354$1,079$855$733
21 years$1,967$1,572$1,246$979$765$650
22 years$1,857$1,467$1,148$890$686$577
23 years$1,758$1,372$1,060$811$616$513
24 years$1,667$1,286$980$740$553$456
25 years$1,583$1,207$908$675$498$407
26 years$1,506$1,134$842$618$448$363
27 years$1,435$1,067$782$565$404$324
28 years$1,368$1,006$727$518$365$289
29 years$1,307$949$676$475$329$258
30 years$1,250$896$630$436$298$231
31 years$1,196$847$587$400$269$207
32 years$1,146$801$548$368$243$185
33 years$1,100$759$512$338$220$166
34 years$1,056$719$478$311$199$148
35 years$1,014$682$447$287$181$133
36 years$975$648$418$264$164$119
37 years$938$615$391$243$148$107
38 years$904$585$367$224$134$96
39 years$871$556$343$207$122$86
40 years$839$529$322$191$111$77
41 years$810$503$302$176$100$69
42 years$782$479$283$162$91$62
43 years$755$457$266$150$83$56
44 years$730$435$249$138$75$50
45 years$705$415$234$128$68$45
46 years$682$396$220$118$62$40
47 years$660$378$207$109$56$36
48 years$639$361$194$101$51$32
49 years$619$345$182$93$46$29
50 years$599$329$172$86$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $614,000, adding $4,052 every year, while hoping to spend $30,507 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: 63/13/24 Blend
64$614,000$614,000$614,000$614,000
65$680,808$648,266$638,749$719,168
66$717,791$647,571$627,688$744,888
67$757,524$645,821$615,233$769,226
68$800,255$642,930$601,307$795,127
69$846,257$638,809$585,827$822,748
70$895,828$633,364$568,706$852,262
71$949,299$626,495$549,853$883,863
72$1,007,030$618,095$529,176$917,763
73$1,069,417$608,053$506,573$954,197
74$1,136,898$596,247$481,944$993,427
75$1,209,951$582,553$455,179$1,035,742
76$1,289,104$566,836$426,165$1,081,461
77$1,374,937$548,955$394,786$1,130,939
78$1,468,086$528,760$360,917$1,184,567
79$1,569,253$506,091$324,430$1,242,778
80$1,679,209$480,782$285,190$1,306,052
81$1,798,801$452,653$243,057$1,374,918
82$1,928,965$421,519$197,885$1,449,963
83$2,070,725$387,179$149,520$1,531,835
84$2,225,213$349,425$97,803$1,621,249
85$2,393,671$308,034$42,566$1,718,998
86$2,577,469$262,771$0$1,825,957
87$2,778,114$213,389$0$1,947,289
88$2,997,263$159,627$0$2,091,771
89$3,236,742$101,207$0$2,249,723
90$3,498,562$37,838$0$2,422,499
91$3,784,935$0$0$2,611,593
92$4,098,297$0$0$2,823,056
93$4,441,333$0$0$3,060,512
94$4,816,996$0$0$3,320,598
95$5,228,540$0$0$3,605,571
96$5,679,548$0$0$3,917,920
97$6,173,967$0$0$4,260,382
98$6,716,142$0$0$4,635,975
99$7,310,860$0$0$5,048,021
100$7,963,395$0$0$5,500,179