Can I retire at age 65 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$53,181$52,707$52,245$51,794$51,353$50,586
2 years$26,327$25,837$25,362$24,901$24,454$23,683
3 years$17,377$16,885$16,411$15,954$15,515$14,763
4 years$12,903$12,412$11,943$11,494$11,065$10,340
5 years$10,219$9,731$9,268$8,829$8,412$7,714
6 years$8,431$7,946$7,490$7,060$6,656$5,987
7 years$7,153$6,673$6,224$5,805$5,413$4,773
8 years$6,196$5,720$5,279$4,869$4,491$3,879
9 years$5,452$4,980$4,546$4,148$3,782$3,199
10 years$4,857$4,390$3,964$3,575$3,222$2,667
11 years$4,370$3,908$3,490$3,112$2,771$2,244
12 years$3,965$3,508$3,097$2,729$2,401$1,901
13 years$3,623$3,170$2,767$2,410$2,094$1,620
14 years$3,329$2,881$2,486$2,139$1,836$1,387
15 years$3,075$2,632$2,245$1,908$1,616$1,192
16 years$2,853$2,415$2,035$1,708$1,428$1,028
17 years$2,657$2,224$1,852$1,535$1,267$889
18 years$2,484$2,055$1,690$1,383$1,126$771
19 years$2,328$1,905$1,548$1,250$1,004$669
20 years$2,189$1,770$1,420$1,132$897$583
21 years$2,063$1,649$1,306$1,027$802$508
22 years$1,948$1,539$1,204$934$719$443
23 years$1,844$1,439$1,112$851$646$387
24 years$1,748$1,349$1,028$776$580$338
25 years$1,660$1,266$952$708$522$296
26 years$1,579$1,189$883$648$470$259
27 years$1,505$1,119$820$593$424$227
28 years$1,435$1,055$762$543$383$199
29 years$1,371$995$709$498$346$175
30 years$1,311$940$661$457$312$153
31 years$1,255$888$616$420$282$135
32 years$1,202$841$575$386$255$118
33 years$1,153$796$537$355$231$104
34 years$1,107$754$501$327$209$91
35 years$1,064$716$469$301$189$80
36 years$1,023$679$439$277$172$71
37 years$984$645$411$255$156$62
38 years$948$613$384$235$141$55
39 years$913$583$360$217$128$48
40 years$880$555$338$200$116$42
41 years$849$528$317$184$105$37
42 years$820$503$297$170$96$33
43 years$792$479$279$157$87$29
44 years$765$457$262$145$79$25
45 years$740$435$246$134$71$22
46 years$715$415$231$124$65$20
47 years$692$396$217$114$59$17
48 years$670$378$204$106$53$15
49 years$649$361$191$98$49$13
50 years$629$345$180$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $644,000, adding $2,330 every year, while hoping to spend $34,079 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: 83/10/7 Blend
64$644,000$644,000$644,000$644,000
65$712,091$677,959$667,977$770,543
66$748,465$674,920$654,095$806,043
67$787,406$670,589$638,605$840,191
68$829,142$664,867$621,418$876,630
69$873,919$657,650$602,440$915,567
70$922,009$648,826$581,573$957,234
71$973,712$638,277$558,714$1,001,883
72$1,029,355$625,877$533,755$1,049,793
73$1,089,298$611,493$506,584$1,101,272
74$1,153,936$594,986$477,084$1,156,658
75$1,223,703$576,205$445,132$1,216,324
76$1,299,076$554,995$410,599$1,280,681
77$1,380,580$531,188$373,352$1,350,180
78$1,468,790$504,607$333,251$1,425,321
79$1,564,341$475,067$290,149$1,506,653
80$1,667,929$442,371$243,894$1,594,781
81$1,780,319$406,309$194,326$1,690,374
82$1,902,355$366,661$141,279$1,794,165
83$2,034,962$323,194$84,579$1,906,966
84$2,179,160$275,662$24,044$2,029,671
85$2,336,070$223,805$0$2,163,263
86$2,506,926$167,349$0$2,311,858
87$2,693,085$106,002$0$2,475,737
88$2,896,042$39,458$0$2,654,436
89$3,117,440$0$0$2,849,425
90$3,359,091$0$0$3,065,912
91$3,622,985$0$0$3,307,081
92$3,911,317$0$0$3,570,594
93$4,226,500$0$0$3,858,661
94$4,571,193$0$0$4,173,713
95$4,948,323$0$0$4,518,426
96$5,361,112$0$0$4,895,749
97$5,813,110$0$0$5,308,926
98$6,308,224$0$0$5,761,532
99$6,850,759$0$0$6,257,504
100$7,445,453$0$0$6,801,176