Can I retire at age 65 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$52,933$52,462$52,002$51,553$51,114$50,877
2 years$26,205$25,717$25,244$24,785$24,340$24,101
3 years$17,296$16,806$16,334$15,880$15,442$15,209
4 years$12,843$12,354$11,887$11,441$11,014$10,787
5 years$10,172$9,686$9,225$8,787$8,372$8,153
6 years$8,391$7,909$7,455$7,027$6,625$6,414
7 years$7,120$6,642$6,195$5,778$5,388$5,184
8 years$6,167$5,694$5,254$4,847$4,470$4,274
9 years$5,426$4,957$4,525$4,128$3,764$3,577
10 years$4,834$4,370$3,945$3,559$3,207$3,028
11 years$4,350$3,890$3,473$3,097$2,758$2,587
12 years$3,947$3,491$3,083$2,717$2,390$2,226
13 years$3,606$3,155$2,754$2,398$2,084$1,928
14 years$3,314$2,868$2,474$2,129$1,827$1,678
15 years$3,061$2,620$2,234$1,899$1,609$1,467
16 years$2,840$2,404$2,026$1,700$1,422$1,287
17 years$2,645$2,214$1,843$1,527$1,261$1,133
18 years$2,472$2,046$1,683$1,377$1,121$999
19 years$2,318$1,896$1,540$1,244$999$884
20 years$2,179$1,762$1,414$1,127$892$783
21 years$2,053$1,641$1,300$1,022$799$695
22 years$1,939$1,532$1,198$930$716$618
23 years$1,835$1,433$1,107$847$643$551
24 years$1,740$1,342$1,023$772$578$491
25 years$1,653$1,260$948$705$520$438
26 years$1,572$1,184$879$645$468$391
27 years$1,498$1,114$816$590$422$350
28 years$1,429$1,050$759$541$381$313
29 years$1,365$990$706$496$344$280
30 years$1,305$935$658$455$311$251
31 years$1,249$884$613$418$281$225
32 years$1,197$837$572$384$254$201
33 years$1,148$792$534$353$230$181
34 years$1,102$751$499$325$208$162
35 years$1,059$712$467$299$189$146
36 years$1,018$676$437$276$171$131
37 years$980$642$409$254$155$117
38 years$943$610$383$234$140$105
39 years$909$580$358$216$127$95
40 years$876$552$336$199$115$85
41 years$845$526$315$184$105$76
42 years$816$500$296$169$95$69
43 years$788$477$277$156$86$62
44 years$762$455$260$144$78$56
45 years$736$433$244$133$71$50
46 years$712$414$230$123$65$45
47 years$689$395$216$114$59$40
48 years$667$377$203$105$53$36
49 years$646$360$191$97$48$33
50 years$626$344$179$90$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $641,000, adding $5,559 every year, while hoping to spend $55,257 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: 33/43/24 Blend
64$641,000$641,000$641,000$641,000
65$712,116$678,143$668,208$730,240
66$725,959$652,579$631,800$718,763
67$739,362$623,910$592,320$701,029
68$752,221$591,927$549,607$680,804
69$764,422$556,405$503,493$657,904
70$775,835$517,111$453,802$632,132
71$786,315$473,794$400,349$603,278
72$795,701$426,193$342,943$571,116
73$803,815$374,028$281,384$535,408
74$810,454$317,006$215,461$495,894
75$815,398$254,816$144,956$452,301
76$818,397$187,131$69,641$404,334
77$819,177$113,604$0$351,676
78$817,432$33,869$0$296,741
79$812,822$0$0$255,626
80$804,969$0$0$234,981
81$793,457$0$0$228,975
82$777,822$0$0$221,412
83$757,549$0$0$212,105
84$732,072$0$0$200,843
85$700,759$0$0$187,396
86$662,914$0$0$171,509
87$617,764$0$0$152,898
88$564,458$0$0$131,253
89$502,050$0$0$106,226
90$429,497$0$0$77,436
91$345,645$0$0$44,462
92$249,219$0$0$6,837
93$138,810$0$0$0
94$12,860$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0