Can I retire at age 65 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$53,098$52,625$52,164$51,714$51,274$50,095
2 years$26,286$25,797$25,322$24,862$24,416$23,235
3 years$17,350$16,858$16,385$15,929$15,491$14,344
4 years$12,883$12,393$11,924$11,476$11,048$9,945
5 years$10,203$9,716$9,254$8,815$8,399$7,342
6 years$8,417$7,934$7,478$7,049$6,645$5,637
7 years$7,142$6,663$6,215$5,796$5,405$4,444
8 years$6,186$5,711$5,270$4,862$4,484$3,570
9 years$5,443$4,973$4,539$4,141$3,776$2,909
10 years$4,849$4,383$3,958$3,570$3,217$2,396
11 years$4,364$3,902$3,484$3,107$2,767$1,990
12 years$3,959$3,502$3,092$2,725$2,398$1,665
13 years$3,617$3,165$2,763$2,406$2,091$1,400
14 years$3,324$2,877$2,482$2,136$1,833$1,182
15 years$3,070$2,628$2,241$1,905$1,614$1,002
16 years$2,849$2,411$2,032$1,705$1,426$852
17 years$2,653$2,221$1,849$1,532$1,265$727
18 years$2,480$2,052$1,688$1,381$1,124$621
19 years$2,325$1,902$1,545$1,248$1,002$531
20 years$2,185$1,767$1,418$1,130$895$455
21 years$2,059$1,646$1,304$1,026$801$391
22 years$1,945$1,537$1,202$933$718$336
23 years$1,841$1,437$1,110$849$645$289
24 years$1,745$1,347$1,027$775$579$249
25 years$1,658$1,264$951$707$521$214
26 years$1,577$1,188$882$647$470$185
27 years$1,502$1,118$819$592$423$159
28 years$1,433$1,053$761$542$382$137
29 years$1,369$994$708$497$345$118
30 years$1,309$938$660$456$312$102
31 years$1,253$887$615$419$282$88
32 years$1,201$839$574$385$255$76
33 years$1,152$795$536$354$231$66
34 years$1,105$753$501$326$209$57
35 years$1,062$715$468$300$189$49
36 years$1,021$678$438$276$171$43
37 years$983$644$410$255$155$37
38 years$946$612$384$235$141$32
39 years$912$582$360$216$128$27
40 years$879$554$337$200$116$24
41 years$848$527$316$184$105$21
42 years$819$502$296$170$95$18
43 years$791$478$278$157$87$15
44 years$764$456$261$145$79$13
45 years$739$435$245$134$71$11
46 years$714$415$230$124$65$10
47 years$691$396$216$114$59$9
48 years$669$378$203$106$53$7
49 years$648$361$191$98$49$6
50 years$628$345$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $643,000, adding $3,354 every year, while hoping to spend $29,149 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: 40/43/17 Blend
64$643,000$643,000$643,000$643,000
65$712,046$677,967$668,000$736,811
66$753,660$680,173$659,364$756,961
67$798,542$681,510$649,461$775,675
68$846,994$681,905$638,219$795,303
69$899,349$681,280$625,561$815,946
70$955,972$679,552$611,407$837,711
71$1,017,265$676,633$595,672$860,723
72$1,083,668$672,431$578,270$885,118
73$1,155,668$666,846$559,108$911,049
74$1,233,798$659,773$538,090$938,687
75$1,318,646$651,102$515,116$968,225
76$1,410,856$640,714$490,080$999,874
77$1,511,139$628,485$462,874$1,033,873
78$1,620,278$614,283$433,382$1,070,486
79$1,739,131$597,968$401,485$1,110,009
80$1,868,644$579,391$367,058$1,152,769
81$2,009,861$558,395$329,968$1,199,132
82$2,163,925$534,815$290,081$1,249,505
83$2,332,099$508,475$247,253$1,304,339
84$2,515,772$479,189$201,335$1,364,136
85$2,716,473$446,761$152,171$1,429,455
86$2,935,883$410,983$99,599$1,500,915
87$3,175,857$371,635$43,449$1,579,204
88$3,438,435$328,485$0$1,665,086
89$3,725,862$281,288$0$1,762,397
90$4,040,614$229,784$0$1,877,692
91$4,385,413$173,701$0$2,004,160
92$4,763,261$112,748$0$2,142,991
93$5,177,461$46,620$0$2,295,506
94$5,631,653$0$0$2,463,161
95$6,129,844$0$0$2,659,403
96$6,676,448$0$0$2,899,003
97$7,276,330$0$0$3,162,046
98$7,934,844$0$0$3,450,890
99$8,657,891$0$0$3,768,135
100$9,451,970$0$0$4,116,645