Can I retire at age 65 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$52,768$52,298$51,839$51,392$50,955$50,111
2 years$26,123$25,636$25,165$24,708$24,264$23,416
3 years$17,242$16,754$16,283$15,830$15,394$14,569
4 years$12,803$12,316$11,850$11,405$10,979$10,183
5 years$10,140$9,656$9,196$8,760$8,346$7,581
6 years$8,365$7,885$7,432$7,005$6,604$5,871
7 years$7,098$6,621$6,176$5,760$5,371$4,670
8 years$6,148$5,676$5,238$4,832$4,456$3,787
9 years$5,410$4,942$4,511$4,115$3,752$3,115
10 years$4,819$4,356$3,933$3,548$3,197$2,591
11 years$4,336$3,878$3,463$3,087$2,750$2,175
12 years$3,934$3,481$3,073$2,708$2,383$1,838
13 years$3,594$3,145$2,745$2,391$2,078$1,562
14 years$3,303$2,859$2,467$2,122$1,821$1,333
15 years$3,051$2,612$2,227$1,893$1,604$1,143
16 years$2,831$2,396$2,019$1,695$1,417$983
17 years$2,637$2,207$1,837$1,523$1,257$848
18 years$2,464$2,039$1,677$1,372$1,117$733
19 years$2,310$1,890$1,536$1,240$996$635
20 years$2,172$1,756$1,409$1,123$890$551
21 years$2,047$1,636$1,296$1,019$796$478
22 years$1,933$1,527$1,195$927$714$416
23 years$1,829$1,428$1,103$844$641$362
24 years$1,735$1,338$1,020$770$576$316
25 years$1,647$1,256$945$703$518$276
26 years$1,567$1,180$876$643$467$241
27 years$1,493$1,111$814$588$421$210
28 years$1,424$1,047$756$539$380$184
29 years$1,360$987$704$494$343$161
30 years$1,301$932$656$454$310$140
31 years$1,245$882$611$417$280$123
32 years$1,193$834$570$383$253$108
33 years$1,144$790$533$352$229$94
34 years$1,099$749$498$324$208$82
35 years$1,055$710$465$298$188$72
36 years$1,015$674$435$275$170$63
37 years$977$640$407$253$154$55
38 years$940$608$381$233$140$49
39 years$906$578$357$215$127$43
40 years$874$550$335$198$115$37
41 years$843$524$314$183$104$33
42 years$814$499$295$169$95$29
43 years$786$475$276$156$86$25
44 years$759$453$260$144$78$22
45 years$734$432$244$133$71$19
46 years$710$412$229$123$64$17
47 years$687$393$215$113$58$15
48 years$665$376$202$105$53$13
49 years$644$359$190$97$48$11
50 years$624$343$179$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $639,000, adding $5,518 every year, while hoping to spend $22,601 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: 42/49/9 Blend
64$639,000$639,000$639,000$639,000
65$709,870$676,003$666,098$737,588
66$758,229$685,080$664,365$766,553
67$810,764$693,844$661,817$795,188
68$867,876$702,256$658,402$825,683
69$930,007$710,274$654,066$858,214
70$997,644$717,854$648,754$892,980
71$1,071,323$724,948$642,406$930,197
72$1,151,632$731,505$634,961$970,107
73$1,239,221$737,471$626,354$1,012,976
74$1,334,802$742,788$616,518$1,059,099
75$1,439,162$747,395$605,381$1,108,801
76$1,553,165$751,226$592,870$1,162,441
77$1,677,764$754,212$578,907$1,220,419
78$1,814,006$756,278$563,411$1,283,173
79$1,963,046$757,347$546,297$1,351,189
80$2,126,155$757,335$527,475$1,425,004
81$2,304,731$756,153$506,854$1,505,212
82$2,500,315$753,706$484,336$1,592,469
83$2,714,605$749,896$459,819$1,687,498
84$2,949,470$744,615$433,197$1,791,102
85$3,206,966$737,752$404,360$1,904,165
86$3,489,362$729,187$373,192$2,027,662
87$3,799,154$718,794$339,570$2,162,675
88$4,139,091$706,439$303,370$2,310,396
89$4,512,204$691,980$264,458$2,472,140
90$4,921,828$675,266$222,696$2,649,363
91$5,371,639$656,139$177,942$2,843,671
92$5,865,687$634,430$130,043$3,056,837
93$6,408,430$609,960$78,843$3,290,819
94$7,004,783$582,542$24,177$3,547,779
95$7,660,160$551,975$0$3,830,104
96$8,380,522$518,048$0$4,143,711
97$9,172,441$480,537$0$4,490,918
98$10,043,154$439,208$0$4,872,629
99$11,000,637$393,810$0$5,292,408
100$12,053,674$344,080$0$5,754,185