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%12.8%
1 years$52,933$52,462$52,002$51,553$51,114$50,517
2 years$26,205$25,717$25,244$24,785$24,340$23,739
3 years$17,296$16,806$16,334$15,880$15,442$14,856
4 years$12,843$12,354$11,887$11,441$11,014$10,447
5 years$10,172$9,686$9,225$8,787$8,372$7,827
6 years$8,391$7,909$7,455$7,027$6,625$6,101
7 years$7,120$6,642$6,195$5,778$5,388$4,885
8 years$6,167$5,694$5,254$4,847$4,470$3,989
9 years$5,426$4,957$4,525$4,128$3,764$3,305
10 years$4,834$4,370$3,945$3,559$3,207$2,769
11 years$4,350$3,890$3,473$3,097$2,758$2,341
12 years$3,947$3,491$3,083$2,717$2,390$1,994
13 years$3,606$3,155$2,754$2,398$2,084$1,708
14 years$3,314$2,868$2,474$2,129$1,827$1,470
15 years$3,061$2,620$2,234$1,899$1,609$1,270
16 years$2,840$2,404$2,026$1,700$1,422$1,102
17 years$2,645$2,214$1,843$1,527$1,261$958
18 years$2,472$2,046$1,683$1,377$1,121$835
19 years$2,318$1,896$1,540$1,244$999$730
20 years$2,179$1,762$1,414$1,127$892$639
21 years$2,053$1,641$1,300$1,022$799$560
22 years$1,939$1,532$1,198$930$716$492
23 years$1,835$1,433$1,107$847$643$432
24 years$1,740$1,342$1,023$772$578$380
25 years$1,653$1,260$948$705$520$335
26 years$1,572$1,184$879$645$468$295
27 years$1,498$1,114$816$590$422$260
28 years$1,429$1,050$759$541$381$230
29 years$1,365$990$706$496$344$203
30 years$1,305$935$658$455$311$179
31 years$1,249$884$613$418$281$158
32 years$1,197$837$572$384$254$140
33 years$1,148$792$534$353$230$124
34 years$1,102$751$499$325$208$110
35 years$1,059$712$467$299$189$97
36 years$1,018$676$437$276$171$86
37 years$980$642$409$254$155$76
38 years$943$610$383$234$140$67
39 years$909$580$358$216$127$60
40 years$876$552$336$199$115$53
41 years$845$526$315$184$105$47
42 years$816$500$296$169$95$41
43 years$788$477$277$156$86$37
44 years$762$455$260$144$78$32
45 years$736$433$244$133$71$29
46 years$712$414$230$123$65$25
47 years$689$395$216$114$59$23
48 years$667$377$203$105$53$20
49 years$646$360$191$97$48$18
50 years$626$344$179$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $641,000, adding $4,511 every year, while hoping to spend $33,285 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: 56/38/6 Blend
64$641,000$641,000$641,000$641,000
65$711,035$677,062$667,127$749,691
66$748,146$674,823$654,060$774,005
67$787,926$671,359$639,441$796,354
68$830,613$666,574$623,181$819,871
69$876,468$660,368$605,189$844,671
70$925,775$652,634$585,370$870,883
71$978,848$643,257$563,625$898,648
72$1,036,032$632,119$539,848$928,124
73$1,097,706$619,090$513,931$959,488
74$1,164,284$604,038$485,760$992,935
75$1,236,223$586,818$455,215$1,028,683
76$1,314,025$567,280$422,172$1,066,974
77$1,398,242$545,263$386,501$1,108,076
78$1,489,480$520,598$348,066$1,152,287
79$1,588,406$493,106$306,725$1,199,940
80$1,695,752$462,597$262,330$1,251,401
81$1,812,326$428,871$214,725$1,307,079
82$1,939,014$391,717$163,748$1,367,427
83$2,076,792$350,909$109,232$1,432,948
84$2,226,732$306,212$51,000$1,504,198
85$2,390,018$257,375$0$1,581,796
86$2,567,947$204,133$0$1,667,140
87$2,761,951$146,209$0$1,763,806
88$2,973,604$83,307$0$1,869,381
89$3,204,638$15,116$0$1,984,809
90$3,456,960$0$0$2,111,136
91$3,732,672$0$0$2,274,064
92$4,034,084$0$0$2,459,143
93$4,363,741$0$0$2,661,625
94$4,724,446$0$0$2,883,236
95$5,119,284$0$0$3,125,881
96$5,551,653$0$0$3,391,655
97$6,025,296$0$0$3,682,866
98$6,544,332$0$0$4,002,057
99$7,113,301$0$0$4,352,026
100$7,737,200$0$0$4,735,858