Can I retire at age 65 with 631,000?

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 $631,000?

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$52,107$51,643$51,190$50,748$50,317$49,833
2 years$25,796$25,315$24,850$24,398$23,960$23,473
3 years$17,026$16,544$16,079$15,632$15,201$14,725
4 years$12,642$12,161$11,702$11,262$10,842$10,381
5 years$10,013$9,535$9,081$8,650$8,242$7,798
6 years$8,260$7,786$7,339$6,918$6,521$6,094
7 years$7,009$6,539$6,099$5,687$5,304$4,894
8 years$6,071$5,605$5,172$4,771$4,400$4,007
9 years$5,342$4,880$4,455$4,064$3,705$3,330
10 years$4,759$4,301$3,884$3,503$3,157$2,799
11 years$4,282$3,829$3,419$3,049$2,715$2,374
12 years$3,885$3,437$3,034$2,674$2,353$2,028
13 years$3,549$3,106$2,711$2,361$2,052$1,742
14 years$3,262$2,823$2,436$2,096$1,799$1,505
15 years$3,013$2,579$2,199$1,869$1,584$1,305
16 years$2,796$2,366$1,994$1,674$1,400$1,135
17 years$2,604$2,179$1,814$1,504$1,241$991
18 years$2,434$2,014$1,656$1,355$1,103$867
19 years$2,281$1,866$1,516$1,224$984$760
20 years$2,145$1,734$1,392$1,109$879$668
21 years$2,021$1,615$1,280$1,006$786$588
22 years$1,909$1,508$1,180$915$705$518
23 years$1,806$1,410$1,089$833$633$457
24 years$1,713$1,321$1,007$760$569$404
25 years$1,627$1,240$933$694$512$357
26 years$1,548$1,165$865$635$461$316
27 years$1,474$1,097$804$581$415$280
28 years$1,406$1,034$747$532$375$248
29 years$1,343$975$695$488$339$220
30 years$1,284$921$648$448$306$195
31 years$1,230$870$604$411$277$173
32 years$1,178$824$563$378$250$153
33 years$1,130$780$526$348$226$136
34 years$1,085$739$491$320$205$121
35 years$1,042$701$459$295$186$108
36 years$1,002$666$430$271$168$96
37 years$964$632$402$250$152$85
38 years$929$601$377$230$138$76
39 years$895$571$353$212$125$67
40 years$863$543$331$196$114$60
41 years$832$517$310$181$103$53
42 years$803$493$291$167$94$47
43 years$776$469$273$154$85$42
44 years$750$447$256$142$77$37
45 years$725$427$241$131$70$33
46 years$701$407$226$121$64$30
47 years$678$388$212$112$58$26
48 years$657$371$200$104$52$23
49 years$636$354$188$96$48$21
50 years$616$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 $631,000, adding $3,477 every year, while hoping to spend $20,738 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: 54/38/8 Blend
64$631,000$631,000$631,000$631,000
65$698,949$665,506$655,725$735,156
66$748,176$676,050$655,627$770,604
67$801,730$686,417$654,830$806,593
68$860,029$696,574$653,290$845,262
69$923,536$706,489$650,958$886,869
70$992,757$716,128$647,786$931,700
71$1,068,252$725,452$643,721$980,066
72$1,150,636$734,421$638,707$1,032,314
73$1,240,586$742,993$632,689$1,088,824
74$1,338,847$751,121$625,605$1,150,018
75$1,446,240$758,756$617,394$1,216,358
76$1,563,668$765,847$607,988$1,288,356
77$1,692,126$772,337$597,320$1,366,576
78$1,832,709$778,168$585,316$1,451,641
79$1,986,623$783,276$571,902$1,544,236
80$2,155,196$787,594$556,999$1,645,119
81$2,339,891$791,051$540,523$1,755,125
82$2,542,318$793,571$522,388$1,875,175
83$2,764,250$795,072$502,504$2,006,284
84$3,007,643$795,469$480,777$2,149,574
85$3,274,646$794,671$457,107$2,306,280
86$3,567,631$792,581$431,391$2,477,766
87$3,889,208$789,096$403,522$2,665,535
88$4,242,253$784,108$373,385$2,871,247
89$4,629,933$777,499$340,864$3,096,730
90$5,055,739$769,149$305,835$3,344,001
91$5,523,513$758,926$268,169$3,615,287
92$6,037,491$746,693$227,733$3,913,041
93$6,602,338$732,304$184,385$4,239,969
94$7,223,194$715,604$137,979$4,599,056
95$7,905,720$696,430$88,362$4,993,595
96$8,656,156$674,607$35,374$5,427,215
97$9,481,374$649,953$0$5,903,919
98$10,388,946$622,272$0$6,429,929
99$11,387,215$591,361$0$7,011,645
100$12,485,374$557,000$0$7,651,429