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%12.9%
1 years$51,034$50,579$50,136$49,703$49,280$48,685
2 years$25,264$24,794$24,338$23,896$23,467$22,867
3 years$16,676$16,203$15,748$15,310$14,888$14,304
4 years$12,382$11,911$11,461$11,030$10,618$10,053
5 years$9,807$9,338$8,894$8,472$8,072$7,528
6 years$8,090$7,625$7,188$6,775$6,387$5,864
7 years$6,865$6,404$5,973$5,570$5,194$4,694
8 years$5,946$5,489$5,066$4,673$4,309$3,830
9 years$5,232$4,779$4,363$3,980$3,629$3,172
10 years$4,661$4,213$3,804$3,431$3,092$2,656
11 years$4,194$3,750$3,349$2,986$2,659$2,244
12 years$3,805$3,366$2,972$2,619$2,305$1,910
13 years$3,476$3,042$2,655$2,312$2,010$1,635
14 years$3,195$2,765$2,386$2,053$1,762$1,406
15 years$2,951$2,526$2,154$1,831$1,551$1,214
16 years$2,738$2,318$1,953$1,639$1,371$1,052
17 years$2,550$2,134$1,777$1,473$1,215$915
18 years$2,383$1,972$1,622$1,327$1,081$797
19 years$2,234$1,828$1,485$1,199$963$696
20 years$2,100$1,699$1,363$1,086$860$609
21 years$1,979$1,582$1,254$986$770$533
22 years$1,869$1,477$1,155$896$690$468
23 years$1,769$1,381$1,067$816$620$411
24 years$1,678$1,294$987$744$557$361
25 years$1,593$1,215$914$680$501$318
26 years$1,516$1,141$848$622$451$280
27 years$1,444$1,074$787$569$407$247
28 years$1,377$1,012$732$521$367$217
29 years$1,316$955$681$478$332$192
30 years$1,258$902$634$439$300$169
31 years$1,204$853$591$403$271$150
32 years$1,154$807$552$370$245$132
33 years$1,107$764$515$341$222$117
34 years$1,062$724$481$313$201$103
35 years$1,021$687$450$288$182$91
36 years$982$652$421$266$165$81
37 years$944$619$394$245$149$71
38 years$909$588$369$226$135$63
39 years$876$559$346$208$123$56
40 years$845$532$324$192$111$49
41 years$815$507$304$177$101$44
42 years$787$483$285$163$92$39
43 years$760$460$267$151$83$34
44 years$734$438$251$139$76$30
45 years$710$418$236$129$69$27
46 years$687$399$221$119$62$24
47 years$664$380$208$110$57$21
48 years$643$363$195$101$51$19
49 years$623$347$184$94$47$16
50 years$603$331$173$87$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $618,000, adding $5,384 every year, while hoping to spend $49,272 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: 34/50/16 Blend
64$618,000$618,000$618,000$618,000
65$686,590$653,836$644,257$706,364
66$704,197$633,449$613,414$700,910
67$721,948$610,411$579,887$690,040
68$739,807$584,541$543,534$677,262
69$757,731$555,647$504,205$662,432
70$775,670$523,524$461,747$645,401
71$793,569$487,958$415,996$626,009
72$811,366$448,721$366,785$604,084
73$828,989$405,572$313,936$579,445
74$846,358$358,257$257,265$551,897
75$863,382$306,507$196,578$521,234
76$879,960$250,038$131,676$487,236
77$895,976$188,551$62,348$449,668
78$911,303$121,727$0$408,280
79$925,798$49,234$0$364,791
80$939,300$0$0$328,418
81$951,629$0$0$304,355
82$962,587$0$0$306,817
83$971,950$0$0$308,629
84$979,470$0$0$309,697
85$984,871$0$0$309,916
86$987,846$0$0$309,169
87$988,054$0$0$307,326
88$985,115$0$0$304,245
89$978,610$0$0$299,764
90$968,071$0$0$293,708
91$952,981$0$0$285,881
92$932,766$0$0$276,064
93$906,790$0$0$264,019
94$874,350$0$0$249,478
95$834,665$0$0$232,148
96$786,873$0$0$211,703
97$730,019$0$0$187,783
98$663,047$0$0$159,989
99$584,789$0$0$127,881
100$493,952$0$0$90,973