Can I retire at age 65 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$51,777$51,316$50,866$50,427$49,998$48,690
2 years$25,632$25,155$24,692$24,244$23,809$22,500
3 years$16,918$16,439$15,977$15,533$15,105$13,837
4 years$12,562$12,084$11,628$11,191$10,773$9,555
5 years$9,949$9,474$9,023$8,596$8,190$7,024
6 years$8,208$7,736$7,292$6,874$6,480$5,369
7 years$6,965$6,497$6,060$5,651$5,270$4,214
8 years$6,033$5,569$5,139$4,741$4,372$3,369
9 years$5,308$4,849$4,426$4,038$3,682$2,732
10 years$4,729$4,274$3,859$3,481$3,137$2,239
11 years$4,255$3,805$3,397$3,029$2,698$1,851
12 years$3,860$3,415$3,015$2,657$2,338$1,540
13 years$3,527$3,086$2,694$2,346$2,039$1,288
14 years$3,241$2,805$2,420$2,082$1,787$1,082
15 years$2,994$2,563$2,185$1,857$1,574$912
16 years$2,778$2,351$1,981$1,663$1,391$771
17 years$2,587$2,165$1,803$1,494$1,233$654
18 years$2,418$2,001$1,646$1,346$1,096$555
19 years$2,267$1,854$1,507$1,217$977$472
20 years$2,131$1,723$1,383$1,102$873$402
21 years$2,008$1,605$1,272$1,000$781$343
22 years$1,897$1,498$1,172$909$700$293
23 years$1,795$1,401$1,082$828$629$250
24 years$1,702$1,313$1,001$755$565$214
25 years$1,617$1,232$927$690$508$183
26 years$1,538$1,158$860$631$458$157
27 years$1,465$1,090$798$577$413$135
28 years$1,397$1,027$742$529$373$115
29 years$1,335$969$691$485$336$99
30 years$1,276$915$643$445$304$85
31 years$1,222$865$600$409$275$73
32 years$1,171$818$560$376$249$62
33 years$1,123$775$523$346$225$54
34 years$1,078$735$488$318$204$46
35 years$1,036$697$456$293$184$39
36 years$996$661$427$270$167$34
37 years$958$628$400$248$151$29
38 years$923$597$374$229$137$25
39 years$889$568$351$211$125$21
40 years$857$540$329$195$113$18
41 years$827$514$308$180$102$16
42 years$798$490$289$166$93$14
43 years$771$466$271$153$84$12
44 years$745$445$255$141$77$10
45 years$720$424$239$130$70$9
46 years$697$404$225$121$63$7
47 years$674$386$211$111$57$6
48 years$652$368$198$103$52$5
49 years$632$352$186$95$47$5
50 years$612$336$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $627,000, adding $4,612 every year, while hoping to spend $36,844 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: 55/16/29 Blend
64$627,000$627,000$627,000$627,000
65$695,711$662,480$652,762$728,153
66$727,472$655,740$635,428$744,315
67$761,238$647,435$616,278$757,738
68$797,174$637,449$595,213$771,623
69$835,461$625,660$572,128$786,028
70$876,299$611,937$546,915$801,020
71$919,904$596,145$519,459$816,672
72$966,514$578,137$489,642$833,070
73$1,016,392$557,758$457,338$850,308
74$1,069,823$534,847$422,418$868,494
75$1,127,121$509,231$384,745$887,748
76$1,188,631$480,727$344,178$908,207
77$1,254,732$449,143$300,568$930,023
78$1,325,838$414,274$253,760$953,367
79$1,402,404$375,905$203,592$978,430
80$1,484,933$333,808$149,896$1,005,428
81$1,573,973$287,742$92,495$1,034,600
82$1,670,129$237,452$31,204$1,066,214
83$1,774,065$182,669$0$1,100,571
84$1,886,510$123,111$0$1,148,589
85$2,008,267$58,475$0$1,211,050
86$2,140,216$0$0$1,278,768
87$2,283,328$0$0$1,354,308
88$2,438,670$0$0$1,447,527
89$2,607,413$0$0$1,548,840
90$2,790,847$0$0$1,659,027
91$2,990,393$0$0$1,778,948
92$3,207,611$0$0$1,909,548
93$3,444,219$0$0$2,051,866
94$3,702,108$0$0$2,207,049
95$3,983,360$0$0$2,376,357
96$4,290,264$0$0$2,561,175
97$4,625,340$0$0$2,763,032
98$4,991,365$0$0$2,983,608
99$5,391,393$0$0$3,224,752
100$5,828,788$0$0$3,488,504