Can I retire at age 65 with 644,000?

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 $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%15.1%
1 years$53,181$52,707$52,245$51,794$51,353$50,276
2 years$26,327$25,837$25,362$24,901$24,454$23,373
3 years$17,377$16,885$16,411$15,954$15,515$14,464
4 years$12,903$12,412$11,943$11,494$11,065$10,054
5 years$10,219$9,731$9,268$8,829$8,412$7,442
6 years$8,431$7,946$7,490$7,060$6,656$5,729
7 years$7,153$6,673$6,224$5,805$5,413$4,529
8 years$6,196$5,720$5,279$4,869$4,491$3,649
9 years$5,452$4,980$4,546$4,148$3,782$2,982
10 years$4,857$4,390$3,964$3,575$3,222$2,464
11 years$4,370$3,908$3,490$3,112$2,771$2,053
12 years$3,965$3,508$3,097$2,729$2,401$1,723
13 years$3,623$3,170$2,767$2,410$2,094$1,454
14 years$3,329$2,881$2,486$2,139$1,836$1,232
15 years$3,075$2,632$2,245$1,908$1,616$1,048
16 years$2,853$2,415$2,035$1,708$1,428$894
17 years$2,657$2,224$1,852$1,535$1,267$765
18 years$2,484$2,055$1,690$1,383$1,126$656
19 years$2,328$1,905$1,548$1,250$1,004$564
20 years$2,189$1,770$1,420$1,132$897$485
21 years$2,063$1,649$1,306$1,027$802$418
22 years$1,948$1,539$1,204$934$719$360
23 years$1,844$1,439$1,112$851$646$311
24 years$1,748$1,349$1,028$776$580$269
25 years$1,660$1,266$952$708$522$233
26 years$1,579$1,189$883$648$470$201
27 years$1,505$1,119$820$593$424$174
28 years$1,435$1,055$762$543$383$151
29 years$1,371$995$709$498$346$131
30 years$1,311$940$661$457$312$113
31 years$1,255$888$616$420$282$98
32 years$1,202$841$575$386$255$85
33 years$1,153$796$537$355$231$74
34 years$1,107$754$501$327$209$64
35 years$1,064$716$469$301$189$56
36 years$1,023$679$439$277$172$48
37 years$984$645$411$255$156$42
38 years$948$613$384$235$141$36
39 years$913$583$360$217$128$32
40 years$880$555$338$200$116$27
41 years$849$528$317$184$105$24
42 years$820$503$297$170$96$21
43 years$792$479$279$157$87$18
44 years$765$457$262$145$79$16
45 years$740$435$246$134$71$14
46 years$715$415$231$124$65$12
47 years$692$396$217$114$59$10
48 years$670$378$204$106$53$9
49 years$649$361$191$98$49$8
50 years$629$345$180$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $644,000, adding $6,301 every year, while hoping to spend $49,795 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: 60/12/28 Blend
64$644,000$644,000$644,000$644,000
65$716,187$682,055$672,073$753,388
66$736,257$662,495$641,606$759,927
67$756,705$640,307$608,450$761,187
68$777,517$615,310$572,461$761,518
69$798,676$587,312$533,491$760,843
70$820,162$556,111$491,384$759,077
71$841,950$521,492$445,976$756,130
72$864,011$483,228$397,099$751,905
73$886,312$441,078$344,574$746,299
74$908,815$394,790$288,216$739,200
75$931,474$344,094$227,831$730,490
76$954,238$288,708$163,217$720,040
77$977,048$228,333$94,163$707,713
78$999,837$162,652$20,447$693,361
79$1,022,529$91,330$0$676,826
80$1,045,039$14,017$0$675,330
81$1,067,268$0$0$678,945
82$1,089,106$0$0$690,634
83$1,110,431$0$0$703,805
84$1,131,104$0$0$716,516
85$1,150,969$0$0$728,662
86$1,169,851$0$0$740,128
87$1,187,556$0$0$750,783
88$1,203,866$0$0$760,483
89$1,218,538$0$0$769,065
90$1,231,300$0$0$776,350
91$1,241,851$0$0$782,136
92$1,249,854$0$0$786,200
93$1,254,936$0$0$788,293
94$1,256,680$0$0$788,140
95$1,254,626$0$0$785,434
96$1,248,259$0$0$779,835
97$1,237,011$0$0$770,964
98$1,220,250$0$0$758,403
99$1,197,278$0$0$741,688
100$1,167,318$0$0$720,305