Can I retire at age 65 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$51,034$50,579$50,136$49,703$49,280$47,875
2 years$25,264$24,794$24,338$23,896$23,467$22,062
3 years$16,676$16,203$15,748$15,310$14,888$13,528
4 years$12,382$11,911$11,461$11,030$10,618$9,313
5 years$9,807$9,338$8,894$8,472$8,072$6,825
6 years$8,090$7,625$7,188$6,775$6,387$5,200
7 years$6,865$6,404$5,973$5,570$5,194$4,067
8 years$5,946$5,489$5,066$4,673$4,309$3,241
9 years$5,232$4,779$4,363$3,980$3,629$2,618
10 years$4,661$4,213$3,804$3,431$3,092$2,138
11 years$4,194$3,750$3,349$2,986$2,659$1,760
12 years$3,805$3,366$2,972$2,619$2,305$1,459
13 years$3,476$3,042$2,655$2,312$2,010$1,215
14 years$3,195$2,765$2,386$2,053$1,762$1,016
15 years$2,951$2,526$2,154$1,831$1,551$853
16 years$2,738$2,318$1,953$1,639$1,371$718
17 years$2,550$2,134$1,777$1,473$1,215$606
18 years$2,383$1,972$1,622$1,327$1,081$513
19 years$2,234$1,828$1,485$1,199$963$434
20 years$2,100$1,699$1,363$1,086$860$368
21 years$1,979$1,582$1,254$986$770$313
22 years$1,869$1,477$1,155$896$690$266
23 years$1,769$1,381$1,067$816$620$226
24 years$1,678$1,294$987$744$557$192
25 years$1,593$1,215$914$680$501$164
26 years$1,516$1,141$848$622$451$140
27 years$1,444$1,074$787$569$407$119
28 years$1,377$1,012$732$521$367$102
29 years$1,316$955$681$478$332$87
30 years$1,258$902$634$439$300$74
31 years$1,204$853$591$403$271$63
32 years$1,154$807$552$370$245$54
33 years$1,107$764$515$341$222$46
34 years$1,062$724$481$313$201$39
35 years$1,021$687$450$288$182$34
36 years$982$652$421$266$165$29
37 years$944$619$394$245$149$24
38 years$909$588$369$226$135$21
39 years$876$559$346$208$123$18
40 years$845$532$324$192$111$15
41 years$815$507$304$177$101$13
42 years$787$483$285$163$92$11
43 years$760$460$267$151$83$10
44 years$734$438$251$139$76$8
45 years$710$418$236$129$69$7
46 years$687$399$221$119$62$6
47 years$664$380$208$110$57$5
48 years$643$363$195$101$51$4
49 years$623$347$184$94$47$4
50 years$603$331$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $618,000, adding $2,253 every year, while hoping to spend $21,661 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: 36/50/14 Blend
64$618,000$618,000$618,000$618,000
65$683,360$650,606$641,027$704,942
66$730,016$659,439$639,454$729,529
67$780,704$667,978$637,103$753,825
68$835,814$676,187$633,924$779,583
69$895,772$684,026$629,866$806,945
70$961,050$691,452$624,875$836,067
71$1,032,164$698,420$618,895$867,123
72$1,109,684$704,881$611,868$900,305
73$1,194,236$710,785$603,730$935,825
74$1,286,511$716,077$594,417$973,920
75$1,387,268$720,697$583,863$1,014,849
76$1,497,342$724,583$571,995$1,058,903
77$1,617,653$727,670$558,739$1,106,399
78$1,749,215$729,888$544,018$1,157,693
79$1,893,143$731,160$527,751$1,213,175
80$2,050,665$731,409$509,852$1,273,279
81$2,223,134$730,549$490,233$1,338,485
82$2,412,039$728,490$468,801$1,409,323
83$2,619,019$725,139$445,458$1,486,379
84$2,845,881$720,393$420,103$1,570,304
85$3,094,615$714,146$392,631$1,661,813
86$3,367,411$706,284$362,929$1,761,702
87$3,666,682$696,687$330,882$1,870,847
88$3,995,086$685,227$296,369$1,990,219
89$4,355,551$671,770$259,264$2,120,890
90$4,751,302$656,171$219,434$2,264,046
91$5,185,891$638,280$176,741$2,420,996
92$5,663,232$617,936$131,042$2,593,188
93$6,187,636$594,969$82,186$2,782,221
94$6,763,851$569,199$30,016$2,989,863
95$7,397,111$540,437$0$3,218,066
96$8,093,178$508,481$0$3,472,820
97$8,858,404$473,117$0$3,757,707
98$9,699,784$434,123$0$4,070,897
99$10,625,026$391,259$0$4,415,323
100$11,642,622$344,274$0$4,794,221