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%11.7%
1 years$50,951$50,497$50,055$49,622$49,200$48,849
2 years$25,223$24,754$24,298$23,857$23,429$23,075
3 years$16,649$16,177$15,723$15,285$14,864$14,518
4 years$12,362$11,892$11,442$11,012$10,601$10,266
5 years$9,791$9,323$8,880$8,458$8,059$7,735
6 years$8,077$7,613$7,176$6,764$6,377$6,065
7 years$6,854$6,393$5,963$5,561$5,186$4,887
8 years$5,936$5,480$5,057$4,665$4,302$4,015
9 years$5,223$4,772$4,356$3,974$3,623$3,348
10 years$4,653$4,206$3,798$3,425$3,087$2,824
11 years$4,187$3,744$3,343$2,981$2,655$2,404
12 years$3,799$3,361$2,967$2,615$2,301$2,061
13 years$3,471$3,037$2,651$2,309$2,006$1,778
14 years$3,190$2,761$2,382$2,049$1,759$1,542
15 years$2,946$2,522$2,150$1,828$1,549$1,342
16 years$2,734$2,314$1,950$1,636$1,369$1,173
17 years$2,546$2,131$1,774$1,470$1,213$1,028
18 years$2,380$1,969$1,620$1,325$1,079$903
19 years$2,231$1,825$1,483$1,197$962$795
20 years$2,097$1,696$1,361$1,084$859$702
21 years$1,976$1,580$1,252$984$769$620
22 years$1,866$1,474$1,154$895$689$549
23 years$1,766$1,379$1,065$815$619$487
24 years$1,675$1,292$985$743$556$432
25 years$1,591$1,213$912$679$500$384
26 years$1,513$1,140$846$621$451$341
27 years$1,442$1,072$786$568$406$303
28 years$1,375$1,011$730$520$367$270
29 years$1,313$953$680$477$331$241
30 years$1,256$900$633$438$299$215
31 years$1,202$851$590$402$270$191
32 years$1,152$805$551$370$245$171
33 years$1,105$763$514$340$221$152
34 years$1,061$723$480$313$200$136
35 years$1,019$686$449$288$182$121
36 years$980$651$420$265$164$108
37 years$943$618$393$244$149$97
38 years$908$587$368$225$135$87
39 years$875$559$345$208$123$77
40 years$844$531$323$192$111$69
41 years$814$506$303$177$101$62
42 years$786$482$284$163$92$55
43 years$759$459$267$151$83$49
44 years$733$438$251$139$75$44
45 years$709$417$235$128$68$40
46 years$685$398$221$119$62$35
47 years$663$380$208$110$56$32
48 years$642$363$195$101$51$28
49 years$622$346$183$94$47$25
50 years$602$331$172$86$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $617,000, adding $6,879 every year, while hoping to spend $44,261 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: 46/26/28 Blend
64$617,000$617,000$617,000$617,000
65$687,030$654,329$644,765$712,823
66$710,013$639,297$619,271$716,738
67$733,858$622,046$591,440$716,169
68$758,604$602,419$561,147$714,700
69$784,297$580,253$528,260$712,270
70$810,982$555,372$492,643$708,817
71$838,709$527,592$454,154$704,273
72$867,532$496,719$412,643$698,571
73$897,509$462,546$367,954$691,638
74$928,699$424,856$319,926$683,399
75$961,170$383,418$268,387$673,774
76$994,993$337,988$213,161$662,682
77$1,030,242$288,309$154,061$650,039
78$1,067,000$234,110$90,896$635,755
79$1,105,355$175,102$23,462$619,739
80$1,145,402$110,983$0$601,895
81$1,187,244$41,432$0$596,615
82$1,230,991$0$0$597,728
83$1,276,764$0$0$607,876
84$1,324,693$0$0$630,932
85$1,374,918$0$0$655,114
86$1,427,592$0$0$680,497
87$1,482,880$0$0$707,164
88$1,540,963$0$0$735,204
89$1,602,035$0$0$764,715
90$1,666,308$0$0$795,804
91$1,734,016$0$0$828,587
92$1,805,408$0$0$863,188
93$1,880,759$0$0$899,747
94$1,960,369$0$0$938,413
95$2,044,565$0$0$979,351
96$2,133,701$0$0$1,022,738
97$2,228,169$0$0$1,068,770
98$2,328,392$0$0$1,117,662
99$2,434,836$0$0$1,169,648
100$2,548,008$0$0$1,224,982