Can I retire at age 65 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$52,025$51,561$51,109$50,668$50,237$49,589
2 years$25,755$25,275$24,810$24,360$23,922$23,270
3 years$16,999$16,518$16,054$15,607$15,177$14,541
4 years$12,622$12,142$11,683$11,244$10,825$10,210
5 years$9,997$9,520$9,067$8,637$8,229$7,637
6 years$8,247$7,773$7,327$6,907$6,511$5,943
7 years$6,998$6,528$6,089$5,678$5,295$4,751
8 years$6,061$5,596$5,164$4,764$4,393$3,873
9 years$5,333$4,872$4,448$4,057$3,699$3,203
10 years$4,751$4,295$3,878$3,498$3,152$2,679
11 years$4,275$3,823$3,414$3,044$2,711$2,261
12 years$3,879$3,432$3,030$2,670$2,349$1,921
13 years$3,544$3,101$2,707$2,357$2,049$1,643
14 years$3,257$2,819$2,432$2,092$1,796$1,411
15 years$3,008$2,575$2,196$1,866$1,581$1,217
16 years$2,791$2,363$1,991$1,671$1,397$1,053
17 years$2,600$2,176$1,812$1,501$1,239$914
18 years$2,430$2,011$1,654$1,353$1,102$795
19 years$2,278$1,863$1,514$1,222$982$693
20 years$2,141$1,732$1,389$1,107$877$605
21 years$2,018$1,613$1,278$1,005$785$530
22 years$1,906$1,506$1,178$914$704$464
23 years$1,804$1,408$1,088$832$632$407
24 years$1,710$1,319$1,006$759$568$357
25 years$1,624$1,238$932$693$511$314
26 years$1,545$1,164$864$634$460$276
27 years$1,472$1,095$802$580$415$243
28 years$1,404$1,032$746$531$374$214
29 years$1,341$973$694$487$338$188
30 years$1,282$919$646$447$305$166
31 years$1,228$869$603$411$276$146
32 years$1,176$822$562$378$250$129
33 years$1,128$779$525$347$226$114
34 years$1,083$738$491$319$205$100
35 years$1,041$700$459$294$185$89
36 years$1,001$664$429$271$168$78
37 years$963$631$402$250$152$69
38 years$927$600$376$230$138$61
39 years$893$570$352$212$125$54
40 years$861$543$330$196$114$48
41 years$831$517$310$180$103$42
42 years$802$492$290$167$93$37
43 years$775$469$273$154$85$33
44 years$749$447$256$142$77$29
45 years$724$426$240$131$70$26
46 years$700$406$226$121$63$23
47 years$677$388$212$112$58$20
48 years$656$370$199$103$52$18
49 years$635$354$187$96$48$16
50 years$615$338$176$88$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $630,000, adding $3,044 every year, while hoping to spend $31,738 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: 82/5/13 Blend
64$630,000$630,000$630,000$630,000
65$697,400$664,010$654,245$752,643
66$734,766$662,777$642,393$788,089
67$774,879$660,421$629,081$822,521
68$817,987$656,851$614,225$859,391
69$864,360$651,975$597,740$898,927
70$914,295$645,693$579,535$941,381
71$968,120$637,899$559,516$987,030
72$1,026,193$628,480$537,584$1,036,179
73$1,088,907$617,319$513,636$1,089,163
74$1,156,698$604,289$487,565$1,146,354
75$1,230,039$589,257$459,256$1,208,160
76$1,309,455$572,083$428,593$1,275,030
77$1,395,521$552,617$395,453$1,347,460
78$1,488,869$530,700$359,706$1,425,997
79$1,590,196$506,166$321,218$1,511,241
80$1,700,266$478,839$279,849$1,603,858
81$1,819,921$448,530$235,452$1,704,577
82$1,950,087$415,042$187,873$1,814,204
83$2,091,783$378,166$136,954$1,933,629
84$2,246,130$337,681$82,527$2,063,830
85$2,414,361$293,353$24,417$2,205,886
86$2,597,834$244,935$0$2,360,987
87$2,798,043$192,168$0$2,535,659
88$3,016,634$134,774$0$2,730,086
89$3,255,416$72,463$0$2,942,499
90$3,516,383$4,929$0$3,174,682
91$3,801,730$0$0$3,428,601
92$4,113,872$0$0$3,710,171
93$4,455,470$0$0$4,018,624
94$4,829,454$0$0$4,356,333
95$5,239,049$0$0$4,726,216
96$5,687,809$0$0$5,131,481
97$6,179,644$0$0$5,575,663
98$6,718,864$0$0$6,062,656
99$7,310,216$0$0$6,596,748
100$7,958,925$0$0$7,182,662