Can I retire at age 65 with 632,000?

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 $632,000?

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$52,190$51,725$51,272$50,829$50,397$49,684
2 years$25,837$25,355$24,889$24,437$23,998$23,282
3 years$17,053$16,570$16,105$15,657$15,226$14,528
4 years$12,663$12,181$11,720$11,280$10,859$10,185
5 years$10,029$9,550$9,095$8,664$8,255$7,606
6 years$8,273$7,798$7,350$6,929$6,532$5,910
7 years$7,020$6,549$6,108$5,697$5,312$4,717
8 years$6,081$5,614$5,180$4,779$4,407$3,838
9 years$5,350$4,888$4,462$4,070$3,711$3,169
10 years$4,766$4,308$3,890$3,509$3,162$2,645
11 years$4,289$3,835$3,425$3,054$2,720$2,228
12 years$3,891$3,442$3,039$2,678$2,357$1,890
13 years$3,555$3,111$2,715$2,365$2,055$1,613
14 years$3,267$2,828$2,440$2,099$1,801$1,383
15 years$3,018$2,583$2,203$1,872$1,586$1,190
16 years$2,800$2,370$1,997$1,676$1,402$1,028
17 years$2,608$2,183$1,817$1,506$1,243$890
18 years$2,437$2,017$1,659$1,357$1,105$773
19 years$2,285$1,869$1,519$1,226$985$672
20 years$2,148$1,737$1,394$1,111$880$586
21 years$2,024$1,618$1,282$1,008$787$511
22 years$1,912$1,510$1,182$917$706$447
23 years$1,809$1,413$1,091$835$634$391
24 years$1,716$1,323$1,009$761$569$342
25 years$1,629$1,242$935$695$512$300
26 years$1,550$1,167$867$636$462$263
27 years$1,477$1,099$805$582$416$231
28 years$1,409$1,035$748$533$376$203
29 years$1,345$977$696$489$339$178
30 years$1,286$922$649$449$306$157
31 years$1,231$872$605$412$277$138
32 years$1,180$825$564$379$251$121
33 years$1,132$781$527$348$227$107
34 years$1,087$740$492$320$205$94
35 years$1,044$702$460$295$186$83
36 years$1,004$667$430$272$168$73
37 years$966$633$403$250$153$64
38 years$930$602$377$231$138$56
39 years$896$572$353$213$126$50
40 years$864$544$331$196$114$44
41 years$834$518$311$181$103$39
42 years$805$493$291$167$94$34
43 years$777$470$273$154$85$30
44 years$751$448$257$142$77$26
45 years$726$427$241$132$70$23
46 years$702$408$226$121$64$21
47 years$679$389$213$112$58$18
48 years$658$371$200$104$52$16
49 years$637$355$188$96$48$14
50 years$617$339$177$89$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $632,000, adding $6,293 every year, while hoping to spend $42,762 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: 67/13/20 Blend
64$632,000$632,000$632,000$632,000
65$702,955$669,459$659,663$746,138
66$729,158$656,764$636,264$763,149
67$756,601$642,014$610,647$776,221
68$785,364$625,063$582,693$789,489
69$815,536$605,756$552,279$802,971
70$847,213$583,930$519,272$816,689
71$880,498$559,412$483,537$830,667
72$915,505$532,020$444,932$844,935
73$952,357$501,558$403,307$859,526
74$991,186$467,824$358,507$874,480
75$1,032,139$430,599$310,369$889,840
76$1,075,375$389,656$258,724$905,659
77$1,121,067$344,753$203,394$921,994
78$1,169,403$295,633$144,195$938,911
79$1,220,590$242,027$80,934$956,488
80$1,274,853$183,649$13,408$974,809
81$1,332,438$120,199$0$993,971
82$1,393,616$51,357$0$1,026,602
83$1,458,679$0$0$1,064,177
84$1,527,950$0$0$1,107,341
85$1,601,782$0$0$1,161,199
86$1,680,562$0$0$1,218,689
87$1,764,712$0$0$1,280,124
88$1,854,697$0$0$1,345,844
89$1,951,025$0$0$1,416,224
90$2,054,253$0$0$1,491,676
91$2,164,994$0$0$1,572,651
92$2,283,918$0$0$1,659,643
93$2,411,762$0$0$1,753,196
94$2,549,335$0$0$1,853,905
95$2,697,526$0$0$1,962,427
96$2,857,309$0$0$2,079,479
97$3,029,755$0$0$2,205,852
98$3,216,043$0$0$2,342,415
99$3,417,466$0$0$2,490,122
100$3,635,445$0$0$2,650,021