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%13.4%
1 years$51,860$51,398$50,947$50,507$50,078$49,370
2 years$25,673$25,195$24,732$24,282$23,846$23,135
3 years$16,945$16,465$16,003$15,558$15,129$14,436
4 years$12,582$12,104$11,646$11,209$10,790$10,120
5 years$9,965$9,489$9,038$8,609$8,203$7,558
6 years$8,221$7,749$7,304$6,885$6,490$5,872
7 years$6,976$6,507$6,070$5,660$5,278$4,687
8 years$6,042$5,578$5,147$4,748$4,379$3,814
9 years$5,316$4,857$4,434$4,045$3,688$3,149
10 years$4,736$4,281$3,865$3,486$3,142$2,629
11 years$4,262$3,811$3,403$3,034$2,702$2,214
12 years$3,867$3,421$3,020$2,661$2,342$1,878
13 years$3,533$3,091$2,698$2,350$2,042$1,603
14 years$3,247$2,810$2,424$2,086$1,790$1,374
15 years$2,999$2,567$2,189$1,860$1,576$1,182
16 years$2,782$2,355$1,984$1,666$1,393$1,021
17 years$2,591$2,169$1,806$1,496$1,235$884
18 years$2,422$2,004$1,648$1,349$1,098$768
19 years$2,271$1,857$1,509$1,219$979$668
20 years$2,134$1,726$1,385$1,104$874$582
21 years$2,011$1,608$1,274$1,002$782$508
22 years$1,900$1,501$1,174$911$701$444
23 years$1,798$1,404$1,084$829$630$388
24 years$1,705$1,315$1,003$756$566$340
25 years$1,619$1,234$929$691$509$298
26 years$1,540$1,160$861$632$459$261
27 years$1,467$1,092$800$578$414$230
28 years$1,400$1,029$743$530$373$202
29 years$1,337$970$692$486$337$177
30 years$1,278$916$644$446$304$156
31 years$1,224$866$601$409$275$137
32 years$1,173$820$561$376$249$120
33 years$1,125$776$523$346$225$106
34 years$1,080$736$489$318$204$93
35 years$1,037$698$457$293$185$82
36 years$997$662$428$270$167$72
37 years$960$629$400$249$152$64
38 years$924$598$375$229$138$56
39 years$890$569$351$211$125$49
40 years$859$541$329$195$113$44
41 years$828$515$309$180$103$38
42 years$800$490$290$166$93$34
43 years$772$467$272$153$85$30
44 years$746$445$255$141$77$26
45 years$721$425$239$131$70$23
46 years$698$405$225$121$63$20
47 years$675$387$211$112$57$18
48 years$654$369$199$103$52$16
49 years$633$352$187$95$47$14
50 years$613$337$175$88$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $628,000, adding $2,810 every year, while hoping to spend $32,616 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: 70/7/23 Blend
64$628,000$628,000$628,000$628,000
65$694,955$661,671$651,937$739,404
66$731,137$659,389$639,073$767,193
67$769,916$655,903$624,686$793,522
68$811,524$651,118$608,689$821,557
69$856,212$644,936$590,993$851,465
70$904,259$637,251$571,505$883,431
71$955,969$627,952$550,126$917,658
72$1,011,677$616,921$526,754$954,371
73$1,071,751$604,033$501,283$993,819
74$1,136,594$589,155$473,600$1,036,278
75$1,206,650$572,146$443,589$1,082,052
76$1,282,406$552,860$411,127$1,131,477
77$1,364,399$531,137$376,088$1,184,926
78$1,453,218$506,813$338,337$1,242,807
79$1,549,510$479,711$297,735$1,305,577
80$1,653,988$449,645$254,137$1,373,735
81$1,767,435$416,418$207,391$1,447,836
82$1,890,713$379,822$157,338$1,528,491
83$2,024,770$339,637$103,813$1,616,377
84$2,170,649$295,632$46,643$1,712,240
85$2,329,497$247,559$0$1,816,904
86$2,502,577$195,161$0$1,934,805
87$2,691,278$138,162$0$2,075,869
88$2,897,130$76,274$0$2,229,793
89$3,121,817$9,191$0$2,397,855
90$3,367,190$0$0$2,581,459
91$3,635,291$0$0$2,787,038
92$3,928,364$0$0$3,012,572
93$4,248,882$0$0$3,259,260
94$4,599,568$0$0$3,529,201
95$4,983,418$0$0$3,824,708
96$5,403,734$0$0$4,148,325
97$5,864,151$0$0$4,502,857
98$6,368,671$0$0$4,891,390
99$6,921,702$0$0$5,317,325
100$7,528,102$0$0$5,784,406