Can I retire at age 65 with 626,000?

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 $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%14.2%
1 years$51,694$51,234$50,785$50,346$49,918$49,051
2 years$25,591$25,115$24,653$24,205$23,771$22,900
3 years$16,891$16,413$15,952$15,508$15,081$14,233
4 years$12,542$12,065$11,609$11,173$10,756$9,938
5 years$9,934$9,459$9,009$8,582$8,176$7,391
6 years$8,195$7,724$7,281$6,863$6,470$5,718
7 years$6,954$6,487$6,050$5,642$5,262$4,543
8 years$6,023$5,560$5,131$4,733$4,365$3,680
9 years$5,299$4,841$4,419$4,032$3,676$3,024
10 years$4,721$4,267$3,853$3,475$3,132$2,512
11 years$4,248$3,799$3,392$3,025$2,694$2,105
12 years$3,854$3,410$3,010$2,653$2,334$1,777
13 years$3,521$3,081$2,690$2,342$2,036$1,508
14 years$3,236$2,801$2,417$2,079$1,784$1,286
15 years$2,989$2,559$2,182$1,854$1,571$1,101
16 years$2,773$2,348$1,978$1,660$1,389$945
17 years$2,583$2,162$1,800$1,492$1,231$814
18 years$2,414$1,998$1,643$1,344$1,095$703
19 years$2,263$1,852$1,504$1,215$976$608
20 years$2,128$1,721$1,381$1,100$872$526
21 years$2,005$1,603$1,270$998$780$457
22 years$1,894$1,496$1,170$908$699$397
23 years$1,792$1,399$1,081$827$628$345
24 years$1,699$1,311$999$754$564$300
25 years$1,614$1,230$926$689$508$261
26 years$1,535$1,156$858$630$457$228
27 years$1,463$1,088$797$576$412$199
28 years$1,395$1,025$741$528$372$173
29 years$1,333$967$690$484$336$151
30 years$1,274$914$642$444$303$132
31 years$1,220$864$599$408$274$115
32 years$1,169$817$559$375$248$101
33 years$1,121$774$522$345$225$88
34 years$1,076$733$487$317$203$77
35 years$1,034$696$456$292$184$67
36 years$994$660$426$269$167$59
37 years$957$627$399$248$151$52
38 years$921$596$374$229$137$45
39 years$888$567$350$211$124$39
40 years$856$539$328$194$113$35
41 years$826$513$308$179$102$30
42 years$797$489$289$165$93$26
43 years$770$466$271$153$84$23
44 years$744$444$254$141$76$20
45 years$719$423$239$130$69$18
46 years$695$404$224$120$63$16
47 years$673$385$211$111$57$14
48 years$651$368$198$103$52$12
49 years$631$351$186$95$47$10
50 years$611$336$175$88$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $626,000, adding $3,436 every year, while hoping to spend $27,082 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: 34/42/24 Blend
64$626,000$626,000$626,000$626,000
65$693,396$660,218$650,515$711,810
66$735,308$663,754$643,492$729,378
67$780,586$666,555$635,327$745,609
68$829,547$668,557$625,951$762,569
69$882,536$669,692$615,296$780,341
70$939,934$669,886$603,287$799,017
71$1,002,159$669,062$589,849$818,700
72$1,069,671$667,137$574,901$839,507
73$1,142,975$664,025$558,358$861,568
74$1,222,629$659,633$540,134$885,028
75$1,309,245$653,863$520,135$910,052
76$1,403,495$646,609$498,267$936,822
77$1,506,121$637,763$474,429$965,542
78$1,617,938$627,206$448,515$996,440
79$1,739,844$614,815$420,416$1,029,770
80$1,872,826$600,458$390,018$1,065,816
81$2,017,970$583,997$357,200$1,104,895
82$2,176,474$565,284$321,837$1,147,359
83$2,349,655$544,163$283,799$1,193,600
84$2,538,962$520,470$242,948$1,244,055
85$2,745,992$494,029$199,143$1,299,211
86$2,972,503$464,656$152,234$1,359,607
87$3,220,431$432,156$102,066$1,425,845
88$3,491,906$396,323$48,477$1,498,592
89$3,789,275$356,938$0$1,578,589
90$4,115,124$313,771$0$1,668,890
91$4,472,300$266,578$0$1,781,572
92$4,863,936$215,102$0$1,905,266
93$5,293,485$159,071$0$2,041,148
94$5,764,752$98,197$0$2,190,515
95$6,281,926$32,177$0$2,354,803
96$6,849,619$0$0$2,535,599
97$7,472,916$0$0$2,752,825
98$8,157,415$0$0$3,007,809
99$8,909,285$0$0$3,287,988
100$9,735,319$0$0$3,595,907