Can I retire at age 65 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$52,685$52,216$51,758$51,311$50,875$49,726
2 years$26,082$25,596$25,125$24,669$24,226$23,075
3 years$17,215$16,727$16,258$15,806$15,370$14,252
4 years$12,783$12,296$11,832$11,387$10,962$9,886
5 years$10,124$9,641$9,182$8,746$8,333$7,302
6 years$8,352$7,872$7,420$6,995$6,594$5,609
7 years$7,087$6,611$6,166$5,751$5,363$4,424
8 years$6,138$5,667$5,229$4,824$4,449$3,557
9 years$5,401$4,934$4,504$4,109$3,746$2,900
10 years$4,812$4,349$3,927$3,542$3,192$2,390
11 years$4,330$3,872$3,457$3,083$2,745$1,987
12 years$3,928$3,475$3,068$2,704$2,379$1,662
13 years$3,589$3,140$2,741$2,387$2,075$1,399
14 years$3,298$2,855$2,463$2,119$1,819$1,182
15 years$3,047$2,608$2,224$1,890$1,601$1,003
16 years$2,827$2,393$2,016$1,692$1,415$854
17 years$2,633$2,203$1,835$1,520$1,255$728
18 years$2,461$2,036$1,675$1,370$1,116$623
19 years$2,307$1,887$1,533$1,238$994$533
20 years$2,168$1,754$1,407$1,121$888$457
21 years$2,043$1,633$1,294$1,018$795$393
22 years$1,930$1,525$1,193$925$713$338
23 years$1,827$1,426$1,101$843$640$291
24 years$1,732$1,336$1,019$769$575$251
25 years$1,645$1,254$943$702$517$216
26 years$1,565$1,178$875$642$466$186
27 years$1,491$1,109$812$587$420$161
28 years$1,422$1,045$755$538$379$139
29 years$1,358$986$703$494$342$120
30 years$1,299$931$655$453$309$104
31 years$1,243$880$610$416$280$90
32 years$1,191$833$569$382$253$77
33 years$1,143$789$532$352$229$67
34 years$1,097$747$497$323$207$58
35 years$1,054$709$464$298$188$50
36 years$1,013$673$435$274$170$43
37 years$975$639$407$253$154$37
38 years$939$607$381$233$140$32
39 years$905$578$357$215$127$28
40 years$872$549$334$198$115$24
41 years$841$523$314$183$104$21
42 years$812$498$294$169$95$18
43 years$784$475$276$156$86$16
44 years$758$452$259$144$78$14
45 years$733$431$243$133$71$12
46 years$709$412$229$123$64$10
47 years$686$393$215$113$58$9
48 years$664$375$202$105$53$8
49 years$643$358$190$97$48$7
50 years$623$342$178$89$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $638,000, adding $3,539 every year, while hoping to spend $20,739 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: 64/13/23 Blend
64$638,000$638,000$638,000$638,000
65$706,726$672,912$663,023$747,519
66$756,746$683,819$663,169$786,360
67$811,173$694,565$662,624$826,137
68$870,435$705,120$661,343$869,125
69$935,001$715,454$659,280$915,640
70$1,005,391$725,530$656,386$966,031
71$1,082,173$735,314$652,607$1,020,683
72$1,165,976$744,765$647,890$1,080,019
73$1,257,489$753,842$642,178$1,144,508
74$1,357,473$762,500$635,411$1,214,665
75$1,466,764$770,692$627,527$1,291,060
76$1,586,284$778,366$618,459$1,374,319
77$1,717,048$785,468$608,140$1,465,135
78$1,860,171$791,941$596,497$1,564,270
79$2,016,885$797,722$583,456$1,672,565
80$2,188,543$802,747$568,938$1,790,949
81$2,376,638$806,944$552,860$1,920,444
82$2,582,811$810,241$535,137$2,062,178
83$2,808,872$812,557$515,679$2,217,396
84$3,056,814$813,809$494,391$2,387,468
85$3,328,831$813,908$471,175$2,573,908
86$3,627,341$812,759$445,929$2,778,382
87$3,955,007$810,260$418,544$3,002,731
88$4,314,761$806,307$388,909$3,248,980
89$4,709,834$800,784$356,905$3,519,367
90$5,143,787$793,572$322,411$3,816,355
91$5,620,540$784,544$285,299$4,142,662
92$6,144,413$773,564$245,434$4,501,285
93$6,720,163$760,489$202,676$4,895,527
94$7,353,035$745,167$156,880$5,329,031
95$8,048,802$727,439$107,894$5,805,811
96$8,813,830$707,133$55,558$6,330,296
97$9,655,128$684,069$0$6,907,365
98$10,580,420$658,058$0$7,542,471
99$11,598,217$628,897$0$8,256,029
100$12,717,894$596,373$0$9,040,974