Can I retire at age 65 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$52,355$51,889$51,434$50,990$50,556$50,259
2 years$25,918$25,436$24,968$24,514$24,074$23,774
3 years$17,107$16,622$16,156$15,707$15,274$14,980
4 years$12,703$12,219$11,757$11,316$10,893$10,609
5 years$10,060$9,580$9,124$8,692$8,281$8,006
6 years$8,300$7,823$7,374$6,951$6,552$6,288
7 years$7,042$6,570$6,128$5,715$5,329$5,074
8 years$6,100$5,631$5,197$4,794$4,421$4,177
9 years$5,367$4,903$4,476$4,083$3,723$3,489
10 years$4,781$4,322$3,902$3,520$3,172$2,948
11 years$4,302$3,848$3,435$3,063$2,728$2,514
12 years$3,904$3,453$3,049$2,687$2,364$2,160
13 years$3,566$3,121$2,724$2,372$2,062$1,867
14 years$3,278$2,837$2,447$2,106$1,807$1,622
15 years$3,027$2,591$2,210$1,878$1,591$1,415
16 years$2,809$2,378$2,003$1,681$1,406$1,239
17 years$2,616$2,190$1,823$1,511$1,247$1,088
18 years$2,445$2,023$1,664$1,362$1,109$958
19 years$2,292$1,875$1,524$1,230$988$845
20 years$2,155$1,743$1,398$1,114$883$748
21 years$2,031$1,623$1,286$1,011$790$662
22 years$1,918$1,515$1,185$919$708$588
23 years$1,815$1,417$1,094$837$636$522
24 years$1,721$1,328$1,012$764$571$464
25 years$1,635$1,246$937$697$514$413
26 years$1,555$1,171$869$638$463$368
27 years$1,481$1,102$807$584$417$328
28 years$1,413$1,038$751$535$377$293
29 years$1,350$980$698$490$340$262
30 years$1,291$925$651$450$307$234
31 years$1,235$875$607$413$278$209
32 years$1,184$828$566$380$251$187
33 years$1,135$784$528$349$227$167
34 years$1,090$743$494$321$206$150
35 years$1,047$705$462$296$187$134
36 years$1,007$669$432$273$169$120
37 years$969$635$404$251$153$108
38 years$933$604$378$231$139$96
39 years$899$574$355$213$126$86
40 years$867$546$332$197$114$77
41 years$836$520$312$182$104$69
42 years$807$495$292$168$94$62
43 years$780$472$274$155$85$56
44 years$753$450$257$143$77$50
45 years$728$429$242$132$70$45
46 years$704$409$227$122$64$40
47 years$682$390$213$113$58$36
48 years$660$373$200$104$53$32
49 years$639$356$188$96$48$29
50 years$619$340$177$89$43$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $634,000, adding $5,577 every year, while hoping to spend $48,159 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: 44/40/16 Blend
64$634,000$634,000$634,000$634,000
65$704,421$670,819$660,992$731,935
66$725,031$652,448$631,894$733,389
67$746,129$631,563$600,208$729,729
68$767,714$607,990$565,795$724,729
69$789,784$581,544$528,512$718,289
70$812,333$552,031$488,208$710,298
71$835,355$519,245$444,727$700,641
72$858,841$482,967$397,905$689,196
73$882,778$442,967$347,570$675,831
74$907,151$399,002$293,543$660,407
75$931,941$350,814$235,638$642,777
76$957,126$298,132$173,659$622,783
77$982,679$240,666$107,402$600,259
78$1,008,568$178,115$36,656$575,025
79$1,034,756$110,156$0$546,894
80$1,061,200$36,452$0$522,294
81$1,087,849$0$0$501,491
82$1,114,646$0$0$497,115
83$1,141,525$0$0$508,783
84$1,168,412$0$0$520,411
85$1,195,220$0$0$531,956
86$1,221,852$0$0$543,371
87$1,248,200$0$0$554,601
88$1,274,140$0$0$565,584
89$1,299,532$0$0$576,251
90$1,324,220$0$0$586,525
91$1,348,028$0$0$596,319
92$1,370,760$0$0$605,536
93$1,392,196$0$0$614,067
94$1,412,089$0$0$621,792
95$1,430,165$0$0$628,575
96$1,446,116$0$0$634,266
97$1,459,602$0$0$638,697
98$1,470,243$0$0$641,681
99$1,477,614$0$0$643,012
100$1,481,245$0$0$642,459