Can I retire at age 65 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$51,199$50,743$50,298$49,864$49,440$48,186
2 years$25,346$24,874$24,417$23,973$23,543$22,288
3 years$16,730$16,255$15,799$15,360$14,936$13,719
4 years$12,422$11,949$11,498$11,066$10,653$9,483
5 years$9,838$9,369$8,923$8,500$8,098$6,979
6 years$8,116$7,650$7,211$6,797$6,408$5,340
7 years$6,887$6,425$5,992$5,588$5,211$4,196
8 years$5,965$5,507$5,082$4,688$4,323$3,359
9 years$5,249$4,795$4,377$3,993$3,641$2,727
10 years$4,676$4,226$3,816$3,442$3,102$2,238
11 years$4,207$3,763$3,360$2,996$2,668$1,852
12 years$3,817$3,377$2,982$2,628$2,312$1,543
13 years$3,488$3,052$2,664$2,320$2,016$1,292
14 years$3,205$2,774$2,393$2,059$1,767$1,087
15 years$2,961$2,534$2,161$1,836$1,556$917
16 years$2,747$2,325$1,959$1,644$1,375$777
17 years$2,558$2,141$1,783$1,477$1,219$659
18 years$2,391$1,979$1,627$1,331$1,084$561
19 years$2,242$1,834$1,490$1,203$966$478
20 years$2,107$1,704$1,367$1,090$863$408
21 years$1,986$1,587$1,258$989$772$348
22 years$1,875$1,482$1,159$899$692$298
23 years$1,775$1,386$1,070$819$622$255
24 years$1,683$1,298$990$747$559$219
25 years$1,598$1,218$917$682$503$187
26 years$1,521$1,145$850$624$453$161
27 years$1,449$1,078$790$571$408$138
28 years$1,382$1,016$734$523$368$118
29 years$1,320$958$683$480$333$102
30 years$1,262$905$636$440$301$87
31 years$1,208$855$593$404$272$75
32 years$1,158$809$553$372$246$64
33 years$1,110$766$517$342$222$55
34 years$1,066$726$483$314$201$48
35 years$1,024$689$451$289$182$41
36 years$985$654$422$267$165$35
37 years$948$621$395$246$150$30
38 years$912$590$370$226$136$26
39 years$879$561$347$209$123$22
40 years$848$534$325$192$112$19
41 years$818$508$305$178$101$17
42 years$789$484$286$164$92$14
43 years$762$461$268$151$83$12
44 years$737$440$252$140$76$11
45 years$712$419$236$129$69$9
46 years$689$400$222$119$62$8
47 years$667$382$209$110$57$7
48 years$645$364$196$102$51$6
49 years$625$348$184$94$47$5
50 years$605$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $620,000, adding $4,631 every year, while hoping to spend $30,733 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: 61/29/10 Blend
64$620,000$620,000$620,000$620,000
65$688,017$655,157$645,547$728,140
66$725,495$654,560$634,473$754,997
67$765,766$652,904$621,998$780,357
68$809,082$650,104$608,043$807,266
69$855,720$646,071$592,524$835,874
70$905,985$640,709$575,355$866,347
71$960,210$633,919$556,445$898,872
72$1,018,764$625,594$535,698$933,652
73$1,082,050$615,620$513,016$970,915
74$1,150,511$603,877$488,294$1,010,911
75$1,224,635$590,239$461,423$1,053,918
76$1,304,958$574,571$432,291$1,100,244
77$1,392,069$556,731$400,779$1,150,230
78$1,486,617$536,567$366,762$1,204,253
79$1,589,314$513,921$330,110$1,262,730
80$1,700,945$488,624$290,690$1,326,124
81$1,822,372$460,497$248,359$1,394,945
82$1,954,545$429,352$202,969$1,469,759
83$2,098,507$394,989$154,367$1,551,192
84$2,255,408$357,197$102,392$1,639,935
85$2,426,513$315,753$46,876$1,736,753
86$2,613,214$270,422$0$1,842,493
87$2,817,043$220,954$0$1,959,411
88$3,039,687$167,086$0$2,092,643
89$3,283,003$108,541$0$2,238,346
90$3,549,035$45,025$0$2,397,807
91$3,840,034$0$0$2,572,442
92$4,158,478$0$0$2,771,406
93$4,507,096$0$0$3,004,998
94$4,888,894$0$0$3,260,870
95$5,307,181$0$0$3,541,246
96$5,765,601$0$0$3,848,575
97$6,268,168$0$0$4,185,555
98$6,819,303$0$0$4,555,155
99$7,423,874$0$0$4,960,650
100$8,087,246$0$0$5,405,642