Can I retire at age 65 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$52,851$52,380$51,921$51,472$51,034$50,586
2 years$26,164$25,676$25,204$24,746$24,302$23,850
3 years$17,269$16,780$16,309$15,855$15,418$14,977
4 years$12,823$12,335$11,869$11,423$10,996$10,569
5 years$10,156$9,671$9,211$8,774$8,359$7,947
6 years$8,378$7,897$7,443$7,016$6,614$6,218
7 years$7,109$6,632$6,186$5,769$5,379$4,999
8 years$6,158$5,685$5,246$4,839$4,463$4,098
9 years$5,418$4,950$4,518$4,122$3,758$3,409
10 years$4,827$4,363$3,939$3,553$3,202$2,869
11 years$4,343$3,884$3,468$3,092$2,754$2,436
12 years$3,941$3,486$3,078$2,712$2,387$2,083
13 years$3,600$3,150$2,750$2,395$2,081$1,793
14 years$3,309$2,864$2,471$2,126$1,824$1,550
15 years$3,056$2,616$2,231$1,896$1,606$1,346
16 years$2,835$2,400$2,022$1,697$1,420$1,173
17 years$2,641$2,210$1,840$1,525$1,259$1,025
18 years$2,468$2,042$1,680$1,374$1,119$898
19 years$2,314$1,893$1,538$1,242$998$789
20 years$2,175$1,759$1,411$1,125$891$694
21 years$2,050$1,638$1,298$1,021$797$612
22 years$1,936$1,529$1,197$928$715$540
23 years$1,832$1,430$1,105$845$642$477
24 years$1,737$1,340$1,022$771$577$422
25 years$1,650$1,258$946$704$519$374
26 years$1,570$1,182$878$644$467$331
27 years$1,495$1,112$815$589$421$294
28 years$1,426$1,048$758$540$380$261
29 years$1,362$989$705$495$343$231
30 years$1,303$934$657$454$310$206
31 years$1,247$883$612$417$280$183
32 years$1,195$835$571$384$254$162
33 years$1,146$791$533$353$230$145
34 years$1,100$750$498$324$208$129
35 years$1,057$711$466$299$188$114
36 years$1,016$675$436$275$171$102
37 years$978$641$408$253$155$91
38 years$942$609$382$234$140$81
39 years$908$579$358$215$127$72
40 years$875$551$335$199$115$64
41 years$844$525$315$183$105$57
42 years$815$500$295$169$95$51
43 years$787$476$277$156$86$45
44 years$760$454$260$144$78$40
45 years$735$433$244$133$71$36
46 years$711$413$229$123$64$32
47 years$688$394$215$114$59$29
48 years$666$376$202$105$53$26
49 years$645$359$190$97$48$23
50 years$625$343$179$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $640,000, adding $6,322 every year, while hoping to spend $36,976 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: 67/24/9 Blend
64$640,000$640,000$640,000$640,000
65$711,801$677,881$667,961$757,803
66$745,063$671,755$650,996$783,053
67$780,478$664,090$632,223$805,628
68$818,227$654,770$611,542$829,336
69$858,507$643,676$588,851$854,283
70$901,537$630,677$564,039$880,586
71$947,552$615,639$536,992$908,376
72$996,814$598,417$507,593$937,797
73$1,049,607$578,858$475,716$969,012
74$1,106,246$556,801$441,232$1,002,198
75$1,167,074$532,075$404,003$1,037,554
76$1,232,468$504,499$363,890$1,075,299
77$1,302,842$473,882$320,743$1,115,678
78$1,378,651$440,021$274,407$1,158,961
79$1,460,395$402,703$224,721$1,205,449
80$1,548,622$361,703$171,515$1,255,473
81$1,643,934$316,779$114,615$1,309,403
82$1,746,996$267,682$53,834$1,367,647
83$1,858,534$214,143$0$1,430,658
84$1,979,350$155,881$0$1,499,997
85$2,110,322$92,598$0$1,580,746
86$2,252,420$23,981$0$1,668,365
87$2,406,708$0$0$1,763,557
88$2,574,356$0$0$1,880,384
89$2,756,652$0$0$2,014,339
90$2,955,014$0$0$2,160,135
91$3,171,000$0$0$2,318,923
92$3,406,325$0$0$2,491,969
93$3,662,877$0$0$2,680,666
94$3,942,735$0$0$2,886,547
95$4,248,186$0$0$3,111,301
96$4,581,745$0$0$3,356,784
97$4,946,186$0$0$3,625,043
98$5,344,558$0$0$3,918,329
99$5,780,221$0$0$4,239,121
100$6,256,873$0$0$4,590,150