Can I retire at age 65 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$52,603$52,134$51,677$51,231$50,795$50,412
2 years$26,041$25,556$25,086$24,630$24,188$23,802
3 years$17,188$16,701$16,232$15,781$15,346$14,968
4 years$12,763$12,277$11,813$11,369$10,945$10,579
5 years$10,108$9,625$9,167$8,733$8,320$7,967
6 years$8,339$7,860$7,409$6,984$6,583$6,243
7 years$7,076$6,601$6,157$5,742$5,354$5,028
8 years$6,129$5,658$5,221$4,816$4,442$4,129
9 years$5,393$4,926$4,497$4,103$3,741$3,441
10 years$4,804$4,342$3,921$3,536$3,187$2,901
11 years$4,323$3,866$3,452$3,078$2,741$2,467
12 years$3,922$3,470$3,063$2,700$2,375$2,114
13 years$3,583$3,136$2,737$2,383$2,071$1,823
14 years$3,293$2,850$2,459$2,116$1,816$1,579
15 years$3,042$2,604$2,220$1,887$1,599$1,374
16 years$2,822$2,389$2,013$1,689$1,413$1,200
17 years$2,629$2,200$1,832$1,518$1,253$1,051
18 years$2,457$2,033$1,672$1,368$1,114$923
19 years$2,303$1,884$1,531$1,236$993$812
20 years$2,165$1,751$1,405$1,120$887$716
21 years$2,040$1,631$1,292$1,016$794$632
22 years$1,927$1,522$1,191$924$711$559
23 years$1,824$1,424$1,100$841$639$495
24 years$1,729$1,334$1,017$767$574$439
25 years$1,642$1,252$942$701$516$390
26 years$1,562$1,177$874$641$465$346
27 years$1,488$1,107$811$586$419$308
28 years$1,420$1,043$754$537$378$274
29 years$1,356$984$702$493$342$244
30 years$1,297$930$654$452$309$217
31 years$1,241$879$609$415$279$193
32 years$1,189$831$569$382$253$172
33 years$1,141$787$531$351$229$154
34 years$1,095$746$496$323$207$137
35 years$1,052$708$464$297$187$122
36 years$1,012$672$434$274$170$109
37 years$974$638$406$252$154$98
38 years$937$606$380$233$140$87
39 years$903$577$356$214$127$78
40 years$871$549$334$198$115$69
41 years$840$522$313$182$104$62
42 years$811$497$294$168$94$55
43 years$783$474$276$155$86$50
44 years$757$452$259$144$78$44
45 years$732$431$243$133$71$40
46 years$708$411$228$122$64$35
47 years$685$392$214$113$58$32
48 years$663$374$201$105$53$28
49 years$642$357$189$97$48$25
50 years$622$341$178$89$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $637,000, adding $6,638 every year, while hoping to spend $40,149 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: 78/10/12 Blend
64$637,000$637,000$637,000$637,000
65$708,821$675,060$665,187$761,979
66$738,403$665,420$644,752$788,246
67$769,656$653,962$622,287$811,241
68$802,709$640,554$597,682$835,317
69$837,702$625,057$570,821$860,565
70$874,787$607,325$541,583$887,086
71$914,131$587,200$509,842$914,992
72$955,917$564,518$475,467$944,406
73$1,000,345$539,103$438,319$975,465
74$1,047,632$510,771$398,255$1,008,318
75$1,098,019$479,327$355,124$1,043,133
76$1,151,765$444,562$308,769$1,080,093
77$1,209,159$406,260$259,027$1,119,402
78$1,270,514$364,187$205,726$1,161,284
79$1,336,175$318,101$148,686$1,205,989
80$1,406,520$267,743$87,722$1,253,789
81$1,481,963$212,840$22,638$1,304,989
82$1,562,958$153,104$0$1,359,925
83$1,650,005$88,231$0$1,424,961
84$1,743,650$17,899$0$1,497,996
85$1,844,496$0$0$1,576,609
86$1,953,202$0$0$1,667,739
87$2,070,494$0$0$1,768,207
88$2,197,169$0$0$1,876,729
89$2,334,102$0$0$1,994,058
90$2,482,257$0$0$2,121,020
91$2,642,690$0$0$2,258,524
92$2,816,567$0$0$2,407,571
93$3,005,164$0$0$2,569,259
94$3,209,890$0$0$2,744,796
95$3,432,291$0$0$2,935,513
96$3,674,070$0$0$3,142,871
97$3,937,097$0$0$3,368,480
98$4,223,435$0$0$3,614,110
99$4,535,348$0$0$3,881,709
100$4,875,332$0$0$4,173,419