Can I retire at age 65 with 632,000?

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 $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%12.2%
1 years$52,190$51,725$51,272$50,829$50,397$49,933
2 years$25,837$25,355$24,889$24,437$23,998$23,531
3 years$17,053$16,570$16,105$15,657$15,226$14,769
4 years$12,663$12,181$11,720$11,280$10,859$10,417
5 years$10,029$9,550$9,095$8,664$8,255$7,829
6 years$8,273$7,798$7,350$6,929$6,532$6,122
7 years$7,020$6,549$6,108$5,697$5,312$4,919
8 years$6,081$5,614$5,180$4,779$4,407$4,030
9 years$5,350$4,888$4,462$4,070$3,711$3,351
10 years$4,766$4,308$3,890$3,509$3,162$2,818
11 years$4,289$3,835$3,425$3,054$2,720$2,391
12 years$3,891$3,442$3,039$2,678$2,357$2,044
13 years$3,555$3,111$2,715$2,365$2,055$1,758
14 years$3,267$2,828$2,440$2,099$1,801$1,519
15 years$3,018$2,583$2,203$1,872$1,586$1,318
16 years$2,800$2,370$1,997$1,676$1,402$1,148
17 years$2,608$2,183$1,817$1,506$1,243$1,002
18 years$2,437$2,017$1,659$1,357$1,105$878
19 years$2,285$1,869$1,519$1,226$985$770
20 years$2,148$1,737$1,394$1,111$880$677
21 years$2,024$1,618$1,282$1,008$787$596
22 years$1,912$1,510$1,182$917$706$526
23 years$1,809$1,413$1,091$835$634$464
24 years$1,716$1,323$1,009$761$569$410
25 years$1,629$1,242$935$695$512$363
26 years$1,550$1,167$867$636$462$322
27 years$1,477$1,099$805$582$416$285
28 years$1,409$1,035$748$533$376$253
29 years$1,345$977$696$489$339$224
30 years$1,286$922$649$449$306$199
31 years$1,231$872$605$412$277$177
32 years$1,180$825$564$379$251$157
33 years$1,132$781$527$348$227$140
34 years$1,087$740$492$320$205$124
35 years$1,044$702$460$295$186$110
36 years$1,004$667$430$272$168$98
37 years$966$633$403$250$153$87
38 years$930$602$377$231$138$78
39 years$896$572$353$213$126$69
40 years$864$544$331$196$114$62
41 years$834$518$311$181$103$55
42 years$805$493$291$167$94$49
43 years$777$470$273$154$85$43
44 years$751$448$257$142$77$39
45 years$726$427$241$132$70$34
46 years$702$408$226$121$64$31
47 years$679$389$213$112$58$27
48 years$658$371$200$104$52$24
49 years$637$355$188$96$48$22
50 years$617$339$177$89$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $632,000, adding $2,137 every year, while hoping to spend $30,755 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: 61/14/25 Blend
64$632,000$632,000$632,000$632,000
65$698,668$665,172$655,376$736,508
66$737,209$665,043$644,608$762,320
67$778,651$663,876$632,449$786,945
68$823,256$661,589$618,819$813,154
69$871,314$658,093$603,635$841,109
70$923,143$653,294$586,812$870,985
71$979,092$647,094$568,258$902,981
72$1,039,544$639,385$547,879$937,313
73$1,104,920$630,058$525,576$974,224
74$1,175,684$618,993$501,244$1,013,981
75$1,252,344$606,064$474,777$1,056,879
76$1,335,462$591,140$446,060$1,103,246
77$1,425,651$574,078$414,976$1,153,445
78$1,523,591$554,731$381,401$1,207,878
79$1,630,024$532,940$345,205$1,266,988
80$1,745,771$508,539$306,254$1,331,267
81$1,871,733$481,350$264,407$1,401,260
82$2,008,902$451,189$219,516$1,477,566
83$2,158,369$417,856$171,429$1,560,852
84$2,321,335$381,143$119,985$1,651,853
85$2,499,123$340,831$65,015$1,751,382
86$2,693,186$296,684$6,346$1,860,337
87$2,905,128$248,458$0$1,979,713
88$3,136,710$195,892$0$2,125,615
89$3,389,874$138,711$0$2,287,031
90$3,666,758$76,624$0$2,463,659
91$3,969,714$9,325$0$2,657,036
92$4,301,333$0$0$2,868,855
93$4,664,469$0$0$3,110,769
94$5,062,263$0$0$3,377,394
95$5,498,176$0$0$3,669,618
96$5,976,018$0$0$3,990,002
97$6,499,986$0$0$4,341,367
98$7,074,703$0$0$4,726,820
99$7,705,260$0$0$5,149,782
100$8,397,266$0$0$5,614,022