Can I retire at age 65 with 624,000?

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 $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%15.6%
1 years$51,529$51,070$50,623$50,185$49,759$48,615
2 years$25,510$25,034$24,574$24,128$23,695$22,549
3 years$16,837$16,360$15,901$15,459$15,033$13,920
4 years$12,502$12,027$11,572$11,137$10,722$9,651
5 years$9,902$9,429$8,980$8,554$8,150$7,125
6 years$8,169$7,699$7,257$6,841$6,449$5,470
7 years$6,931$6,466$6,031$5,624$5,245$4,312
8 years$6,004$5,543$5,115$4,718$4,351$3,464
9 years$5,283$4,826$4,405$4,019$3,664$2,823
10 years$4,706$4,254$3,841$3,464$3,122$2,325
11 years$4,235$3,787$3,381$3,015$2,685$1,931
12 years$3,842$3,399$3,001$2,645$2,327$1,615
13 years$3,510$3,072$2,681$2,335$2,029$1,358
14 years$3,226$2,792$2,409$2,073$1,779$1,147
15 years$2,980$2,551$2,175$1,848$1,566$973
16 years$2,765$2,340$1,972$1,655$1,384$827
17 years$2,575$2,155$1,794$1,487$1,227$705
18 years$2,407$1,991$1,638$1,340$1,091$602
19 years$2,256$1,846$1,499$1,211$973$516
20 years$2,121$1,715$1,376$1,097$869$442
21 years$1,999$1,597$1,266$995$777$379
22 years$1,888$1,491$1,167$905$697$326
23 years$1,786$1,395$1,077$824$626$280
24 years$1,694$1,307$996$752$562$241
25 years$1,609$1,226$923$686$506$208
26 years$1,530$1,153$856$628$456$179
27 years$1,458$1,085$795$575$411$154
28 years$1,391$1,022$739$526$371$133
29 years$1,328$964$687$483$335$115
30 years$1,270$911$640$443$302$99
31 years$1,216$861$597$407$273$86
32 years$1,165$814$557$374$247$74
33 years$1,117$771$520$344$224$64
34 years$1,073$731$486$316$203$55
35 years$1,031$693$454$291$184$48
36 years$991$658$425$268$166$41
37 years$954$625$398$247$151$36
38 years$918$594$372$228$137$31
39 years$885$565$349$210$124$27
40 years$853$537$327$194$112$23
41 years$823$512$307$179$102$20
42 years$794$487$288$165$93$17
43 years$767$464$270$152$84$15
44 years$741$443$253$141$76$13
45 years$717$422$238$130$69$11
46 years$693$403$223$120$63$10
47 years$671$384$210$111$57$8
48 years$649$367$197$102$52$7
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 $6,102 every year, while hoping to spend $43,966 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: 41/45/14 Blend
64$624,000$624,000$624,000$624,000
65$693,942$660,870$651,198$719,291
66$717,945$646,473$626,234$723,367
67$742,922$629,898$598,960$722,982
68$768,927$610,989$569,252$721,612
69$796,017$589,587$536,981$719,187
70$824,253$565,519$502,012$715,634
71$853,700$538,603$464,203$710,877
72$884,430$508,647$423,407$704,836
73$916,520$475,449$379,469$697,428
74$950,053$438,794$332,228$688,566
75$985,117$398,453$281,517$678,158
76$1,021,809$354,188$227,158$666,109
77$1,060,235$305,745$168,969$652,322
78$1,100,508$252,855$106,758$636,692
79$1,142,751$195,235$40,326$619,113
80$1,187,097$132,587$0$599,474
81$1,233,691$64,595$0$582,228
82$1,282,692$0$0$569,412
83$1,334,271$0$0$559,404
84$1,388,614$0$0$582,588
85$1,445,924$0$0$607,071
86$1,506,425$0$0$632,950
87$1,570,356$0$0$660,333
88$1,637,982$0$0$689,339
89$1,709,590$0$0$720,094
90$1,785,495$0$0$752,741
91$1,866,041$0$0$787,433
92$1,951,602$0$0$824,338
93$2,042,591$0$0$863,639
94$2,139,456$0$0$905,538
95$2,242,690$0$0$950,256
96$2,352,831$0$0$998,035
97$2,470,471$0$0$1,049,139
98$2,596,255$0$0$1,103,858
99$2,730,894$0$0$1,162,511
100$2,875,166$0$0$1,225,448