Can I retire at age 65 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$50,869$50,416$49,974$49,542$49,121$48,367
2 years$25,183$24,714$24,259$23,818$23,391$22,633
3 years$16,622$16,151$15,697$15,261$14,840$14,102
4 years$12,342$11,872$11,424$10,994$10,584$9,871
5 years$9,775$9,308$8,865$8,445$8,046$7,361
6 years$8,064$7,601$7,164$6,753$6,366$5,710
7 years$6,842$6,383$5,954$5,552$5,178$4,549
8 years$5,927$5,471$5,049$4,658$4,295$3,695
9 years$5,215$4,764$4,349$3,967$3,617$3,046
10 years$4,646$4,199$3,791$3,420$3,082$2,538
11 years$4,180$3,738$3,338$2,976$2,651$2,134
12 years$3,793$3,355$2,962$2,611$2,297$1,807
13 years$3,465$3,032$2,647$2,305$2,003$1,538
14 years$3,184$2,756$2,378$2,046$1,756$1,316
15 years$2,942$2,518$2,147$1,825$1,546$1,131
16 years$2,729$2,310$1,947$1,634$1,366$974
17 years$2,542$2,127$1,771$1,468$1,212$842
18 years$2,376$1,966$1,617$1,323$1,077$729
19 years$2,227$1,822$1,480$1,195$960$633
20 years$2,094$1,693$1,359$1,083$858$550
21 years$1,973$1,577$1,250$983$767$479
22 years$1,863$1,472$1,152$893$688$418
23 years$1,764$1,377$1,063$814$618$365
24 years$1,672$1,290$983$742$555$319
25 years$1,588$1,211$911$678$499$279
26 years$1,511$1,138$845$620$450$244
27 years$1,439$1,071$784$567$406$214
28 years$1,373$1,009$729$520$366$187
29 years$1,311$952$679$477$330$164
30 years$1,254$899$632$437$299$144
31 years$1,200$850$589$402$270$126
32 years$1,150$804$550$369$244$111
33 years$1,103$761$513$339$221$97
34 years$1,059$722$480$312$200$85
35 years$1,017$685$448$288$181$75
36 years$978$650$420$265$164$66
37 years$941$617$393$244$149$58
38 years$907$586$368$225$135$51
39 years$873$558$345$207$122$45
40 years$842$531$323$191$111$39
41 years$812$505$303$176$101$34
42 years$784$481$284$163$91$30
43 years$757$458$267$150$83$27
44 years$732$437$250$139$75$23
45 years$708$417$235$128$68$21
46 years$684$397$221$118$62$18
47 years$662$379$207$109$56$16
48 years$641$362$195$101$51$14
49 years$621$346$183$93$46$12
50 years$601$330$172$86$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $616,000, adding $3,702 every year, while hoping to spend $21,406 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: 46/33/21 Blend
64$616,000$616,000$616,000$616,000
65$682,651$650,003$640,455$709,794
66$729,505$659,077$639,134$738,265
67$780,421$667,878$637,052$766,721
68$835,791$676,371$634,160$797,153
69$896,045$684,517$630,407$829,756
70$961,658$692,274$625,742$864,744
71$1,033,151$699,599$620,108$902,355
72$1,111,098$706,446$613,448$942,851
73$1,196,132$712,763$605,700$986,523
74$1,288,948$718,499$596,801$1,033,690
75$1,390,311$723,596$586,685$1,084,707
76$1,501,065$727,995$575,282$1,139,964
77$1,622,138$731,631$562,518$1,199,896
78$1,754,552$734,436$548,317$1,264,978
79$1,899,430$736,338$532,600$1,335,740
80$2,058,012$737,259$515,283$1,412,764
81$2,231,662$737,117$496,277$1,496,695
82$2,421,883$735,827$475,493$1,588,244
83$2,630,327$733,294$452,834$1,688,197
84$2,858,817$729,422$428,201$1,797,421
85$3,109,359$724,107$401,489$1,916,876
86$3,384,163$717,237$372,588$2,047,620
87$3,685,663$708,697$341,385$2,190,822
88$4,016,540$698,363$307,761$2,347,771
89$4,379,747$686,103$271,591$2,519,894
90$4,778,537$671,778$232,745$2,708,761
91$5,216,493$655,240$191,088$2,916,110
92$5,697,563$636,335$146,477$3,143,857
93$6,226,096$614,896$98,765$3,394,116
94$6,806,881$590,750$47,797$3,669,224
95$7,445,196$563,710$0$3,971,755
96$8,146,857$533,582$0$4,306,031
97$8,918,267$500,158$0$4,685,236
98$9,766,485$463,221$0$5,102,153
99$10,699,285$422,538$0$5,560,640
100$11,725,235$377,865$0$6,064,957