Can I retire at age 65 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$51,694$51,234$50,785$50,346$49,918$47,938
2 years$25,591$25,115$24,653$24,205$23,771$21,800
3 years$16,891$16,413$15,952$15,508$15,081$13,182
4 years$12,542$12,065$11,609$11,173$10,756$8,943
5 years$9,934$9,459$9,009$8,582$8,176$6,455
6 years$8,195$7,724$7,281$6,863$6,470$4,840
7 years$6,954$6,487$6,050$5,642$5,262$3,723
8 years$6,023$5,560$5,131$4,733$4,365$2,916
9 years$5,299$4,841$4,419$4,032$3,676$2,315
10 years$4,721$4,267$3,853$3,475$3,132$1,856
11 years$4,248$3,799$3,392$3,025$2,694$1,499
12 years$3,854$3,410$3,010$2,653$2,334$1,219
13 years$3,521$3,081$2,690$2,342$2,036$995
14 years$3,236$2,801$2,417$2,079$1,784$816
15 years$2,989$2,559$2,182$1,854$1,571$671
16 years$2,773$2,348$1,978$1,660$1,389$553
17 years$2,583$2,162$1,800$1,492$1,231$457
18 years$2,414$1,998$1,643$1,344$1,095$378
19 years$2,263$1,852$1,504$1,215$976$313
20 years$2,128$1,721$1,381$1,100$872$260
21 years$2,005$1,603$1,270$998$780$216
22 years$1,894$1,496$1,170$908$699$179
23 years$1,792$1,399$1,081$827$628$149
24 years$1,699$1,311$999$754$564$124
25 years$1,614$1,230$926$689$508$103
26 years$1,535$1,156$858$630$457$86
27 years$1,463$1,088$797$576$412$72
28 years$1,395$1,025$741$528$372$60
29 years$1,333$967$690$484$336$50
30 years$1,274$914$642$444$303$41
31 years$1,220$864$599$408$274$34
32 years$1,169$817$559$375$248$29
33 years$1,121$774$522$345$225$24
34 years$1,076$733$487$317$203$20
35 years$1,034$696$456$292$184$17
36 years$994$660$426$269$167$14
37 years$957$627$399$248$151$12
38 years$921$596$374$229$137$10
39 years$888$567$350$211$124$8
40 years$856$539$328$194$113$7
41 years$826$513$308$179$102$6
42 years$797$489$289$165$93$5
43 years$770$466$271$153$84$4
44 years$744$444$254$141$76$3
45 years$719$423$239$130$69$3
46 years$695$404$224$120$63$2
47 years$673$385$211$111$57$2
48 years$651$368$198$103$52$2
49 years$631$351$186$95$47$1
50 years$611$336$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $626,000, adding $6,333 every year, while hoping to spend $49,103 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: 24/49/27 Blend
64$626,000$626,000$626,000$626,000
65$696,384$663,206$653,503$707,056
66$715,170$643,458$623,151$696,785
67$734,227$621,097$590,135$681,213
68$753,530$595,942$554,316$663,491
69$773,050$567,804$515,546$643,473
70$792,755$536,480$473,671$621,003
71$812,608$501,759$428,531$595,917
72$832,563$463,415$379,956$568,042
73$852,572$421,209$327,771$537,192
74$872,576$374,891$271,794$503,172
75$892,512$324,194$211,832$465,775
76$912,306$268,837$147,686$424,781
77$931,875$208,523$79,147$379,959
78$951,124$142,939$5,997$331,060
79$969,950$71,754$0$277,825
80$988,233$0$0$240,736
81$1,005,840$0$0$204,835
82$1,022,622$0$0$207,346
83$1,038,413$0$0$209,534
84$1,053,027$0$0$211,348
85$1,066,255$0$0$212,731
86$1,077,866$0$0$213,620
87$1,087,600$0$0$213,944
88$1,095,171$0$0$213,625
89$1,100,259$0$0$212,575
90$1,102,507$0$0$210,700
91$1,101,520$0$0$207,890
92$1,096,858$0$0$204,029
93$1,088,035$0$0$198,985
94$1,074,510$0$0$192,611
95$1,055,684$0$0$184,747
96$1,030,892$0$0$175,215
97$999,398$0$0$163,816
98$960,388$0$0$150,333
99$912,959$0$0$134,523
100$856,112$0$0$116,120