Can I retire at age 65 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$51,447$50,988$50,541$50,105$49,679$49,470
2 years$25,469$24,994$24,535$24,089$23,657$23,445
3 years$16,810$16,334$15,876$15,434$15,009$14,802
4 years$12,482$12,007$11,553$11,119$10,704$10,504
5 years$9,886$9,414$8,966$8,541$8,137$7,943
6 years$8,156$7,687$7,246$6,830$6,439$6,252
7 years$6,920$6,456$6,021$5,615$5,236$5,057
8 years$5,994$5,534$5,106$4,711$4,344$4,171
9 years$5,274$4,818$4,398$4,012$3,658$3,493
10 years$4,698$4,247$3,834$3,459$3,117$2,958
11 years$4,228$3,781$3,376$3,010$2,681$2,529
12 years$3,836$3,393$2,996$2,640$2,323$2,178
13 years$3,504$3,067$2,677$2,331$2,026$1,887
14 years$3,221$2,787$2,405$2,069$1,776$1,644
15 years$2,975$2,546$2,171$1,845$1,564$1,438
16 years$2,760$2,336$1,969$1,652$1,382$1,262
17 years$2,571$2,152$1,791$1,485$1,225$1,112
18 years$2,403$1,988$1,635$1,338$1,089$982
19 years$2,252$1,843$1,497$1,209$971$869
20 years$2,117$1,712$1,374$1,095$867$771
21 years$1,995$1,595$1,264$994$776$685
22 years$1,885$1,489$1,165$903$696$609
23 years$1,784$1,392$1,075$823$625$543
24 years$1,691$1,305$995$750$561$484
25 years$1,606$1,224$921$685$505$432
26 years$1,528$1,151$854$627$455$386
27 years$1,456$1,083$793$574$410$346
28 years$1,389$1,020$738$526$370$310
29 years$1,326$963$686$482$334$277
30 years$1,268$909$639$442$302$249
31 years$1,214$859$596$406$273$223
32 years$1,163$813$556$373$247$200
33 years$1,116$770$519$343$224$180
34 years$1,071$730$485$316$202$161
35 years$1,029$692$454$291$183$145
36 years$989$657$424$268$166$130
37 years$952$624$397$247$151$117
38 years$917$593$372$227$136$105
39 years$883$564$348$210$124$95
40 years$852$537$327$193$112$85
41 years$822$511$306$178$102$76
42 years$793$486$287$165$92$69
43 years$766$463$270$152$84$62
44 years$740$442$253$140$76$56
45 years$716$421$238$130$69$50
46 years$692$402$223$120$63$45
47 years$670$384$210$111$57$41
48 years$648$366$197$102$52$37
49 years$628$350$185$94$47$33
50 years$608$334$174$87$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $623,000, adding $2,044 every year, while hoping to spend $51,784 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: 72/23/5 Blend
64$623,000$623,000$623,000$623,000
65$688,654$655,635$645,979$737,790
66$703,799$632,664$612,521$747,477
67$718,754$606,831$576,208$751,383
68$733,443$577,942$536,887$754,191
69$747,784$545,791$494,402$755,776
70$761,683$510,160$448,590$756,005
71$775,034$470,818$399,278$754,728
72$787,721$427,521$346,287$751,785
73$799,612$380,012$289,430$746,999
74$810,559$328,020$228,513$740,179
75$820,398$271,255$163,330$731,114
76$828,946$209,414$93,669$719,575
77$836,000$142,176$19,308$705,311
78$841,331$69,203$0$688,048
79$844,689$0$0$670,692
80$845,792$0$0$653,516
81$844,327$0$0$651,801
82$839,950$0$0$647,757
83$832,276$0$0$641,079
84$820,878$0$0$631,428
85$805,285$0$0$618,429
86$784,972$0$0$601,666
87$759,361$0$0$580,678
88$727,808$0$0$554,955
89$689,603$0$0$523,932
90$643,959$0$0$486,985
91$590,006$0$0$443,422
92$526,781$0$0$392,478
93$453,220$0$0$333,309
94$368,146$0$0$264,980
95$270,258$0$0$186,458
96$158,120$0$0$96,601
97$30,143$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0