Can I retire at age 65 with 630,000?

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 $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%12.3%
1 years$52,025$51,561$51,109$50,668$50,237$49,754
2 years$25,755$25,275$24,810$24,360$23,922$23,436
3 years$16,999$16,518$16,054$15,607$15,177$14,702
4 years$12,622$12,142$11,683$11,244$10,825$10,365
5 years$9,997$9,520$9,067$8,637$8,229$7,785
6 years$8,247$7,773$7,327$6,907$6,511$6,085
7 years$6,998$6,528$6,089$5,678$5,295$4,886
8 years$6,061$5,596$5,164$4,764$4,393$4,001
9 years$5,333$4,872$4,448$4,057$3,699$3,325
10 years$4,751$4,295$3,878$3,498$3,152$2,794
11 years$4,275$3,823$3,414$3,044$2,711$2,370
12 years$3,879$3,432$3,030$2,670$2,349$2,024
13 years$3,544$3,101$2,707$2,357$2,049$1,740
14 years$3,257$2,819$2,432$2,092$1,796$1,502
15 years$3,008$2,575$2,196$1,866$1,581$1,303
16 years$2,791$2,363$1,991$1,671$1,397$1,134
17 years$2,600$2,176$1,812$1,501$1,239$989
18 years$2,430$2,011$1,654$1,353$1,102$866
19 years$2,278$1,863$1,514$1,222$982$759
20 years$2,141$1,732$1,389$1,107$877$667
21 years$2,018$1,613$1,278$1,005$785$587
22 years$1,906$1,506$1,178$914$704$517
23 years$1,804$1,408$1,088$832$632$456
24 years$1,710$1,319$1,006$759$568$403
25 years$1,624$1,238$932$693$511$356
26 years$1,545$1,164$864$634$460$315
27 years$1,472$1,095$802$580$415$279
28 years$1,404$1,032$746$531$374$247
29 years$1,341$973$694$487$338$219
30 years$1,282$919$646$447$305$195
31 years$1,228$869$603$411$276$173
32 years$1,176$822$562$378$250$153
33 years$1,128$779$525$347$226$136
34 years$1,083$738$491$319$205$121
35 years$1,041$700$459$294$185$107
36 years$1,001$664$429$271$168$95
37 years$963$631$402$250$152$85
38 years$927$600$376$230$138$75
39 years$893$570$352$212$125$67
40 years$861$543$330$196$114$60
41 years$831$517$310$180$103$53
42 years$802$492$290$167$93$47
43 years$775$469$273$154$85$42
44 years$749$447$256$142$77$37
45 years$724$426$240$131$70$33
46 years$700$406$226$121$63$30
47 years$677$388$212$112$58$26
48 years$656$370$199$103$52$23
49 years$635$354$187$96$48$21
50 years$615$338$176$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $630,000, adding $5,447 every year, while hoping to spend $39,862 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: 75/12/13 Blend
64$630,000$630,000$630,000$630,000
65$699,879$666,489$656,724$750,094
66$728,853$656,734$636,311$774,237
67$759,448$645,165$613,879$795,169
68$791,784$631,651$589,316$817,014
69$825,998$616,053$562,510$839,849
70$862,235$598,225$533,340$863,763
71$900,656$578,011$501,679$888,851
72$941,435$555,246$467,398$915,219
73$984,765$529,757$430,359$942,986
74$1,030,854$501,358$390,420$972,282
75$1,079,933$469,856$347,430$1,003,252
76$1,132,251$435,044$301,234$1,036,058
77$1,188,084$396,705$251,669$1,070,876
78$1,247,733$354,607$198,564$1,107,905
79$1,311,527$308,509$141,742$1,147,362
80$1,379,829$258,152$81,016$1,189,489
81$1,453,036$203,266$16,194$1,234,555
82$1,531,582$143,562$0$1,282,855
83$1,615,946$78,739$0$1,342,069
84$1,706,651$8,476$0$1,408,084
85$1,804,273$0$0$1,479,085
86$1,909,444$0$0$1,564,472
87$2,022,858$0$0$1,657,778
88$2,145,279$0$0$1,758,514
89$2,277,542$0$0$1,867,372
90$2,420,571$0$0$1,985,111
91$2,575,376$0$0$2,112,570
92$2,743,070$0$0$2,250,665
93$2,924,876$0$0$2,400,409
94$3,122,140$0$0$2,562,913
95$3,336,341$0$0$2,739,398
96$3,569,107$0$0$2,931,209
97$3,822,227$0$0$3,139,825
98$4,097,672$0$0$3,366,873
99$4,397,607$0$0$3,614,144
100$4,724,418$0$0$3,883,609