Can I retire at age 65 with 624,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$51,529$51,070$50,623$50,185$49,759$48,556
2 years$25,510$25,034$24,574$24,128$23,695$22,490
3 years$16,837$16,360$15,901$15,459$15,033$13,864
4 years$12,502$12,027$11,572$11,137$10,722$9,598
5 years$9,902$9,429$8,980$8,554$8,150$7,074
6 years$8,169$7,699$7,257$6,841$6,449$5,422
7 years$6,931$6,466$6,031$5,624$5,245$4,267
8 years$6,004$5,543$5,115$4,718$4,351$3,422
9 years$5,283$4,826$4,405$4,019$3,664$2,784
10 years$4,706$4,254$3,841$3,464$3,122$2,288
11 years$4,235$3,787$3,381$3,015$2,685$1,897
12 years$3,842$3,399$3,001$2,645$2,327$1,584
13 years$3,510$3,072$2,681$2,335$2,029$1,329
14 years$3,226$2,792$2,409$2,073$1,779$1,120
15 years$2,980$2,551$2,175$1,848$1,566$948
16 years$2,765$2,340$1,972$1,655$1,384$804
17 years$2,575$2,155$1,794$1,487$1,227$684
18 years$2,407$1,991$1,638$1,340$1,091$583
19 years$2,256$1,846$1,499$1,211$973$498
20 years$2,121$1,715$1,376$1,097$869$426
21 years$1,999$1,597$1,266$995$777$365
22 years$1,888$1,491$1,167$905$697$313
23 years$1,786$1,395$1,077$824$626$268
24 years$1,694$1,307$996$752$562$230
25 years$1,609$1,226$923$686$506$198
26 years$1,530$1,153$856$628$456$170
27 years$1,458$1,085$795$575$411$146
28 years$1,391$1,022$739$526$371$126
29 years$1,328$964$687$483$335$108
30 years$1,270$911$640$443$302$93
31 years$1,216$861$597$407$273$80
32 years$1,165$814$557$374$247$69
33 years$1,117$771$520$344$224$60
34 years$1,073$731$486$316$203$51
35 years$1,031$693$454$291$184$44
36 years$991$658$425$268$166$38
37 years$954$625$398$247$151$33
38 years$918$594$372$228$137$28
39 years$885$565$349$210$124$25
40 years$853$537$327$194$112$21
41 years$823$512$307$179$102$18
42 years$794$487$288$165$93$16
43 years$767$464$270$152$84$14
44 years$741$443$253$141$76$12
45 years$717$422$238$130$69$10
46 years$693$403$223$120$63$9
47 years$671$384$210$111$57$8
48 years$649$367$197$102$52$6
49 years$629$350$185$95$47$6
50 years$609$335$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $624,000, adding $2,564 every year, while hoping to spend $20,601 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: 30/46/24 Blend
64$624,000$624,000$624,000$624,000
65$690,293$657,221$647,549$705,802
66$738,783$667,505$647,322$728,243
67$791,529$677,603$646,398$750,366
68$848,943$687,484$644,730$773,745
69$911,479$697,114$642,272$798,501
70$979,636$706,458$638,974$824,771
71$1,053,962$715,479$634,783$852,705
72$1,135,064$724,135$629,646$882,469
73$1,223,607$732,383$623,505$914,249
74$1,320,323$740,178$616,301$948,250
75$1,426,019$747,470$607,970$984,700
76$1,541,583$754,207$598,448$1,023,850
77$1,667,994$760,332$587,665$1,065,980
78$1,806,327$765,786$575,549$1,111,399
79$1,957,768$770,505$562,026$1,160,450
80$2,123,623$774,423$547,017$1,213,512
81$2,305,330$777,466$530,439$1,271,006
82$2,504,471$779,559$512,206$1,333,397
83$2,722,790$780,621$492,228$1,401,199
84$2,962,208$780,565$470,411$1,474,984
85$3,224,840$779,299$446,656$1,555,381
86$3,513,016$776,727$420,862$1,643,089
87$3,829,302$772,745$392,919$1,738,879
88$4,176,524$767,244$362,715$1,843,606
89$4,557,798$760,107$330,134$1,958,213
90$4,976,552$751,211$295,053$2,083,745
91$5,436,566$740,425$257,342$2,221,357
92$5,942,002$727,612$216,870$2,372,324
93$6,497,446$712,625$173,494$2,538,057
94$7,107,950$695,308$127,071$2,720,117
95$7,779,080$675,497$77,447$2,920,225
96$8,516,968$653,019$24,463$3,140,285
97$9,328,370$627,688$0$3,382,402
98$10,220,729$599,310$0$3,657,114
99$11,202,245$567,679$0$3,965,992
100$12,281,956$532,576$0$4,305,647