Can I retire at age 65 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$53,016$52,544$52,083$51,633$51,194$50,680
2 years$26,245$25,757$25,283$24,824$24,378$23,861
3 years$17,323$16,832$16,360$15,905$15,466$14,962
4 years$12,863$12,373$11,906$11,458$11,031$10,542
5 years$10,187$9,701$9,239$8,801$8,385$7,914
6 years$8,404$7,922$7,467$7,038$6,635$6,182
7 years$7,131$6,653$6,205$5,787$5,396$4,962
8 years$6,177$5,702$5,262$4,854$4,477$4,061
9 years$5,435$4,965$4,532$4,135$3,770$3,372
10 years$4,842$4,376$3,951$3,564$3,212$2,833
11 years$4,357$3,896$3,479$3,102$2,763$2,401
12 years$3,953$3,497$3,087$2,721$2,394$2,050
13 years$3,611$3,160$2,758$2,402$2,088$1,760
14 years$3,319$2,873$2,478$2,132$1,830$1,519
15 years$3,066$2,624$2,238$1,902$1,611$1,316
16 years$2,844$2,408$2,029$1,703$1,424$1,145
17 years$2,649$2,217$1,846$1,530$1,263$998
18 years$2,476$2,049$1,685$1,379$1,123$873
19 years$2,321$1,899$1,543$1,246$1,001$765
20 years$2,182$1,765$1,416$1,128$894$671
21 years$2,056$1,644$1,302$1,024$800$590
22 years$1,942$1,534$1,200$931$717$520
23 years$1,838$1,435$1,108$848$644$458
24 years$1,743$1,344$1,025$773$578$405
25 years$1,655$1,262$949$706$521$357
26 years$1,575$1,186$880$646$469$316
27 years$1,500$1,116$818$591$423$280
28 years$1,431$1,052$760$542$381$248
29 years$1,367$992$707$497$344$219
30 years$1,307$937$659$456$311$194
31 years$1,251$886$614$419$281$172
32 years$1,199$838$573$385$255$153
33 years$1,150$794$535$354$230$136
34 years$1,104$752$500$326$209$120
35 years$1,060$713$467$300$189$107
36 years$1,020$677$437$276$171$95
37 years$981$643$409$254$155$84
38 years$945$611$383$234$141$75
39 years$910$581$359$216$128$67
40 years$878$553$337$199$116$59
41 years$847$526$316$184$105$53
42 years$817$501$296$170$95$47
43 years$789$478$278$157$86$42
44 years$763$455$261$145$78$37
45 years$737$434$245$134$71$33
46 years$713$414$230$123$65$29
47 years$690$395$216$114$59$26
48 years$668$377$203$105$53$23
49 years$647$360$191$97$48$21
50 years$627$344$179$90$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $642,000, adding $5,852 every year, while hoping to spend $22,262 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: 50/44/6 Blend
64$642,000$642,000$642,000$642,000
65$713,520$679,494$669,543$747,845
66$762,613$689,103$668,286$781,469
67$815,967$698,436$666,241$815,103
68$873,993$707,457$663,358$851,118
69$937,144$716,126$659,584$889,741
70$1,005,917$724,402$654,865$931,223
71$1,080,861$732,237$649,143$975,842
72$1,162,578$739,586$642,359$1,023,904
73$1,251,731$746,396$634,448$1,075,747
74$1,349,051$752,613$625,345$1,131,744
75$1,455,341$758,177$614,981$1,192,307
76$1,571,486$763,029$603,284$1,257,891
77$1,698,461$767,100$590,177$1,328,996
78$1,837,338$770,322$575,581$1,406,177
79$1,989,297$772,619$559,414$1,490,045
80$2,155,640$773,911$541,589$1,581,275
81$2,337,798$774,116$522,015$1,680,610
82$2,537,348$773,142$500,597$1,788,873
83$2,756,027$770,895$477,236$1,906,971
84$2,995,746$767,274$451,828$2,035,904
85$3,258,613$762,171$424,266$2,176,776
86$3,546,948$755,474$394,435$2,330,808
87$3,863,305$747,060$362,217$2,499,343
88$4,210,500$736,804$327,488$2,683,867
89$4,591,632$724,568$290,121$2,886,016
90$5,010,117$710,211$249,978$3,107,599
91$5,469,717$693,579$206,920$3,350,609
92$5,974,576$674,512$160,800$3,617,247
93$6,529,260$652,840$111,464$3,909,940
94$7,138,797$628,382$58,751$4,231,366
95$7,808,729$600,948$2,494$4,584,480
96$8,545,160$570,335$0$4,972,541
97$9,354,816$536,331$0$5,402,830
98$10,245,104$498,708$0$5,876,039
99$11,224,189$457,230$0$6,396,395
100$12,301,065$411,642$0$6,968,738