Can I retire at age 65 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$51,860$51,398$50,947$50,507$50,078$48,887
2 years$25,673$25,195$24,732$24,282$23,846$22,654
3 years$16,945$16,465$16,003$15,558$15,129$13,972
4 years$12,582$12,104$11,646$11,209$10,790$9,677
5 years$9,965$9,489$9,038$8,609$8,203$7,137
6 years$8,221$7,749$7,304$6,885$6,490$5,473
7 years$6,976$6,507$6,070$5,660$5,278$4,310
8 years$6,042$5,578$5,147$4,748$4,379$3,458
9 years$5,316$4,857$4,434$4,045$3,688$2,815
10 years$4,736$4,281$3,865$3,486$3,142$2,315
11 years$4,262$3,811$3,403$3,034$2,702$1,921
12 years$3,867$3,421$3,020$2,661$2,342$1,604
13 years$3,533$3,091$2,698$2,350$2,042$1,347
14 years$3,247$2,810$2,424$2,086$1,790$1,136
15 years$2,999$2,567$2,189$1,860$1,576$962
16 years$2,782$2,355$1,984$1,666$1,393$817
17 years$2,591$2,169$1,806$1,496$1,235$695
18 years$2,422$2,004$1,648$1,349$1,098$593
19 years$2,271$1,857$1,509$1,219$979$507
20 years$2,134$1,726$1,385$1,104$874$434
21 years$2,011$1,608$1,274$1,002$782$372
22 years$1,900$1,501$1,174$911$701$319
23 years$1,798$1,404$1,084$829$630$274
24 years$1,705$1,315$1,003$756$566$235
25 years$1,619$1,234$929$691$509$202
26 years$1,540$1,160$861$632$459$174
27 years$1,467$1,092$800$578$414$150
28 years$1,400$1,029$743$530$373$129
29 years$1,337$970$692$486$337$111
30 years$1,278$916$644$446$304$96
31 years$1,224$866$601$409$275$83
32 years$1,173$820$561$376$249$71
33 years$1,125$776$523$346$225$62
34 years$1,080$736$489$318$204$53
35 years$1,037$698$457$293$185$46
36 years$997$662$428$270$167$39
37 years$960$629$400$249$152$34
38 years$924$598$375$229$138$29
39 years$890$569$351$211$125$25
40 years$859$541$329$195$113$22
41 years$828$515$309$180$103$19
42 years$800$490$290$166$93$16
43 years$772$467$272$153$85$14
44 years$746$445$255$141$77$12
45 years$721$425$239$131$70$11
46 years$698$405$225$121$63$9
47 years$675$387$211$112$57$8
48 years$654$369$199$103$52$7
49 years$633$352$187$95$47$6
50 years$613$337$175$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $628,000, adding $6,280 every year, while hoping to spend $51,380 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: 30/44/26 Blend
64$628,000$628,000$628,000$628,000
65$698,534$665,250$655,516$713,737
66$715,116$643,179$622,808$703,966
67$731,668$618,305$587,282$688,515
68$748,132$590,436$548,789$670,860
69$764,443$559,369$507,175$650,842
70$780,528$524,889$462,277$628,296
71$796,304$486,771$413,926$603,044
72$811,678$444,774$361,943$574,897
73$826,546$398,645$306,146$543,653
74$840,791$348,116$246,339$509,100
75$854,282$292,904$182,321$471,009
76$866,873$232,710$113,883$429,137
77$878,400$167,218$40,804$383,225
78$888,680$96,096$0$332,998
79$897,511$18,989$0$288,477
80$904,665$0$0$251,784
81$909,890$0$0$242,538
82$912,906$0$0$241,700
83$913,401$0$0$239,970
84$911,030$0$0$237,233
85$905,407$0$0$233,359
86$896,106$0$0$228,207
87$882,655$0$0$221,616
88$864,528$0$0$213,413
89$841,146$0$0$203,402
90$811,864$0$0$191,369
91$775,971$0$0$177,076
92$732,677$0$0$160,260
93$681,111$0$0$140,630
94$620,306$0$0$117,865
95$549,195$0$0$91,609
96$466,599$0$0$61,469
97$371,210$0$0$27,011
98$261,589$0$0$0
99$136,140$0$0$0
100$0$0$0$0