Can I retire at age 65 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$50,951$50,497$50,055$49,622$49,200$48,465
2 years$25,223$24,754$24,298$23,857$23,429$22,690
3 years$16,649$16,177$15,723$15,285$14,864$14,144
4 years$12,362$11,892$11,442$11,012$10,601$9,906
5 years$9,791$9,323$8,880$8,458$8,059$7,390
6 years$8,077$7,613$7,176$6,764$6,377$5,736
7 years$6,854$6,393$5,963$5,561$5,186$4,573
8 years$5,936$5,480$5,057$4,665$4,302$3,717
9 years$5,223$4,772$4,356$3,974$3,623$3,065
10 years$4,653$4,206$3,798$3,425$3,087$2,556
11 years$4,187$3,744$3,343$2,981$2,655$2,150
12 years$3,799$3,361$2,967$2,615$2,301$1,821
13 years$3,471$3,037$2,651$2,309$2,006$1,552
14 years$3,190$2,761$2,382$2,049$1,759$1,329
15 years$2,946$2,522$2,150$1,828$1,549$1,142
16 years$2,734$2,314$1,950$1,636$1,369$985
17 years$2,546$2,131$1,774$1,470$1,213$852
18 years$2,380$1,969$1,620$1,325$1,079$738
19 years$2,231$1,825$1,483$1,197$962$641
20 years$2,097$1,696$1,361$1,084$859$558
21 years$1,976$1,580$1,252$984$769$486
22 years$1,866$1,474$1,154$895$689$424
23 years$1,766$1,379$1,065$815$619$371
24 years$1,675$1,292$985$743$556$324
25 years$1,591$1,213$912$679$500$284
26 years$1,513$1,140$846$621$451$248
27 years$1,442$1,072$786$568$406$218
28 years$1,375$1,011$730$520$367$191
29 years$1,313$953$680$477$331$167
30 years$1,256$900$633$438$299$147
31 years$1,202$851$590$402$270$129
32 years$1,152$805$551$370$245$113
33 years$1,105$763$514$340$221$100
34 years$1,061$723$480$313$200$87
35 years$1,019$686$449$288$182$77
36 years$980$651$420$265$164$68
37 years$943$618$393$244$149$59
38 years$908$587$368$225$135$52
39 years$875$559$345$208$123$46
40 years$844$531$323$192$111$40
41 years$814$506$303$177$101$36
42 years$786$482$284$163$92$31
43 years$759$459$267$151$83$28
44 years$733$438$251$139$75$24
45 years$709$417$235$128$68$21
46 years$685$398$221$119$62$19
47 years$663$380$208$110$56$16
48 years$642$363$195$101$51$15
49 years$622$346$183$94$47$13
50 years$602$331$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 $617,000, adding $4,186 every year, while hoping to spend $44,343 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: 57/27/16 Blend
64$617,000$617,000$617,000$617,000
65$684,252$651,551$641,987$720,172
66$706,865$636,296$616,313$729,762
67$730,298$618,808$588,293$735,009
68$754,589$598,930$557,801$739,712
69$779,776$576,496$524,706$743,828
70$805,901$551,332$488,872$747,311
71$833,008$523,253$450,154$750,112
72$861,145$492,062$408,404$752,181
73$890,361$457,553$363,465$753,465
74$920,711$419,506$315,175$753,909
75$952,252$377,690$263,362$753,456
76$985,046$331,861$207,848$752,046
77$1,019,157$281,759$148,448$749,616
78$1,054,658$227,112$84,968$746,101
79$1,091,624$167,631$17,204$741,434
80$1,130,136$103,011$0$735,544
81$1,170,282$32,931$0$737,769
82$1,212,156$0$0$742,370
83$1,255,860$0$0$759,131
84$1,301,504$0$0$786,866
85$1,349,206$0$0$815,864
86$1,399,096$0$0$846,205
87$1,451,310$0$0$877,975
88$1,505,999$0$0$911,267
89$1,563,327$0$0$946,184
90$1,623,469$0$0$982,834
91$1,686,617$0$0$1,021,336
92$1,752,979$0$0$1,061,821
93$1,822,781$0$0$1,104,428
94$1,896,270$0$0$1,149,313
95$1,973,712$0$0$1,196,641
96$2,055,401$0$0$1,246,594
97$2,141,653$0$0$1,299,371
98$2,232,816$0$0$1,355,189
99$2,329,269$0$0$1,414,283
100$2,431,423$0$0$1,476,913