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%17.4%
1 years$50,869$50,416$49,974$49,542$49,121$47,644
2 years$25,183$24,714$24,259$23,818$23,391$21,915
3 years$16,622$16,151$15,697$15,261$14,840$13,412
4 years$12,342$11,872$11,424$10,994$10,584$9,215
5 years$9,775$9,308$8,865$8,445$8,046$6,739
6 years$8,064$7,601$7,164$6,753$6,366$5,123
7 years$6,842$6,383$5,954$5,552$5,178$3,997
8 years$5,927$5,471$5,049$4,658$4,295$3,178
9 years$5,215$4,764$4,349$3,967$3,617$2,561
10 years$4,646$4,199$3,791$3,420$3,082$2,086
11 years$4,180$3,738$3,338$2,976$2,651$1,713
12 years$3,793$3,355$2,962$2,611$2,297$1,416
13 years$3,465$3,032$2,647$2,305$2,003$1,176
14 years$3,184$2,756$2,378$2,046$1,756$981
15 years$2,942$2,518$2,147$1,825$1,546$821
16 years$2,729$2,310$1,947$1,634$1,366$690
17 years$2,542$2,127$1,771$1,468$1,212$580
18 years$2,376$1,966$1,617$1,323$1,077$489
19 years$2,227$1,822$1,480$1,195$960$413
20 years$2,094$1,693$1,359$1,083$858$349
21 years$1,973$1,577$1,250$983$767$296
22 years$1,863$1,472$1,152$893$688$250
23 years$1,764$1,377$1,063$814$618$212
24 years$1,672$1,290$983$742$555$180
25 years$1,588$1,211$911$678$499$153
26 years$1,511$1,138$845$620$450$130
27 years$1,439$1,071$784$567$406$110
28 years$1,373$1,009$729$520$366$94
29 years$1,311$952$679$477$330$80
30 years$1,254$899$632$437$299$68
31 years$1,200$850$589$402$270$58
32 years$1,150$804$550$369$244$49
33 years$1,103$761$513$339$221$42
34 years$1,059$722$480$312$200$36
35 years$1,017$685$448$288$181$30
36 years$978$650$420$265$164$26
37 years$941$617$393$244$149$22
38 years$907$586$368$225$135$19
39 years$873$558$345$207$122$16
40 years$842$531$323$191$111$14
41 years$812$505$303$176$101$12
42 years$784$481$284$163$91$10
43 years$757$458$267$150$83$8
44 years$732$437$250$139$75$7
45 years$708$417$235$128$68$6
46 years$684$397$221$118$62$5
47 years$662$379$207$109$56$4
48 years$641$362$195$101$51$4
49 years$621$346$183$93$46$3
50 years$601$330$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $616,000, adding $5,756 every year, while hoping to spend $22,266 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: 27/50/23 Blend
64$616,000$616,000$616,000$616,000
65$684,769$652,121$642,573$698,172
66$730,925$660,384$640,409$717,495
67$781,042$668,306$637,425$735,897
68$835,502$675,846$633,572$755,186
69$894,722$682,962$628,796$775,450
70$959,164$689,607$623,041$796,791
71$1,029,333$695,733$616,248$819,318
72$1,105,789$701,288$608,356$843,156
73$1,189,145$706,216$599,301$868,444
74$1,280,075$710,458$589,015$895,335
75$1,379,324$713,952$577,428$924,001
76$1,487,710$716,630$564,467$954,632
77$1,606,134$718,422$550,054$987,443
78$1,735,587$719,252$534,108$1,022,668
79$1,877,161$719,040$516,545$1,060,571
80$2,032,060$717,701$497,277$1,101,444
81$2,201,605$715,145$476,212$1,145,611
82$2,387,257$711,274$453,253$1,193,433
83$2,590,619$705,988$428,299$1,245,310
84$2,813,459$699,179$401,244$1,301,688
85$3,057,726$690,732$371,979$1,363,058
86$3,325,562$680,526$340,388$1,429,968
87$3,619,329$668,433$306,352$1,503,024
88$3,941,630$654,315$269,744$1,582,900
89$4,295,329$638,029$230,433$1,670,342
90$4,683,582$619,422$188,282$1,766,175
91$5,109,866$598,332$143,148$1,871,315
92$5,578,011$574,589$94,882$1,986,777
93$6,092,235$548,011$43,327$2,113,684
94$6,657,186$518,406$0$2,253,280
95$7,277,983$485,572$0$2,409,810
96$7,960,267$449,296$0$2,593,463
97$8,710,252$409,349$0$2,795,325
98$9,534,784$365,493$0$3,017,307
99$10,441,405$317,475$0$3,261,519
100$11,438,424$265,027$0$3,530,293