Can I retire at age 65 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$53,263$52,789$52,326$51,874$51,433$50,210
2 years$26,368$25,877$25,401$24,940$24,492$23,267
3 years$17,404$16,911$16,436$15,979$15,539$14,350
4 years$12,923$12,431$11,961$11,512$11,082$9,939
5 years$10,235$9,746$9,282$8,842$8,425$7,330
6 years$8,444$7,959$7,502$7,071$6,666$5,621
7 years$7,165$6,684$6,234$5,814$5,421$4,426
8 years$6,206$5,729$5,287$4,877$4,498$3,552
9 years$5,460$4,988$4,554$4,154$3,788$2,891
10 years$4,864$4,397$3,970$3,581$3,227$2,378
11 years$4,377$3,914$3,495$3,116$2,775$1,973
12 years$3,971$3,513$3,102$2,734$2,405$1,648
13 years$3,628$3,175$2,771$2,413$2,097$1,384
14 years$3,334$2,886$2,490$2,142$1,839$1,167
15 years$3,080$2,636$2,248$1,911$1,619$988
16 years$2,858$2,419$2,038$1,711$1,431$839
17 years$2,662$2,228$1,855$1,537$1,269$714
18 years$2,488$2,058$1,693$1,385$1,128$609
19 years$2,332$1,908$1,550$1,252$1,005$521
20 years$2,192$1,773$1,422$1,134$898$446
21 years$2,066$1,651$1,308$1,029$804$382
22 years$1,951$1,541$1,206$935$720$328
23 years$1,847$1,442$1,113$852$647$281
24 years$1,751$1,351$1,030$777$581$242
25 years$1,663$1,268$954$710$523$208
26 years$1,582$1,191$885$649$471$179
27 years$1,507$1,121$821$594$425$154
28 years$1,438$1,056$764$544$383$133
29 years$1,373$997$711$499$346$114
30 years$1,313$941$662$458$313$99
31 years$1,257$890$617$421$283$85
32 years$1,204$842$576$387$256$73
33 years$1,155$797$538$355$231$63
34 years$1,109$756$502$327$210$54
35 years$1,065$717$470$301$190$47
36 years$1,024$680$439$277$172$41
37 years$986$646$411$255$156$35
38 years$949$614$385$235$141$30
39 years$915$584$361$217$128$26
40 years$882$556$338$200$116$23
41 years$851$529$317$185$105$19
42 years$821$504$297$171$96$17
43 years$793$480$279$157$87$14
44 years$766$457$262$145$79$13
45 years$741$436$246$134$72$11
46 years$717$416$231$124$65$9
47 years$693$397$217$115$59$8
48 years$671$379$204$106$54$7
49 years$650$362$192$98$49$6
50 years$630$346$180$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $645,000, adding $4,702 every year, while hoping to spend $36,862 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: 69/7/24 Blend
64$645,000$645,000$645,000$645,000
65$715,640$681,455$671,458$760,349
66$749,415$675,626$654,731$785,061
67$785,398$668,275$636,208$807,389
68$823,778$659,290$615,790$830,952
69$864,759$648,550$593,374$855,872
70$908,563$635,927$568,851$882,281
71$955,436$621,288$542,107$910,329
72$1,005,648$604,489$513,025$940,180
73$1,059,494$585,378$481,481$972,017
74$1,117,297$563,796$447,345$1,006,043
75$1,179,412$539,573$410,482$1,042,482
76$1,246,230$512,530$370,751$1,081,582
77$1,318,178$482,477$328,004$1,123,618
78$1,395,728$449,213$282,088$1,168,896
79$1,479,395$412,527$232,840$1,217,752
80$1,569,747$372,195$180,094$1,270,561
81$1,667,408$327,979$123,674$1,327,735
82$1,773,062$279,630$63,397$1,389,732
83$1,887,465$226,882$0$1,457,059
84$2,011,443$169,456$0$1,530,513
85$2,145,908$107,057$0$1,627,817
86$2,291,862$39,373$0$1,733,457
87$2,450,405$0$0$1,848,246
88$2,622,750$0$0$1,975,693
89$2,810,230$0$0$2,117,663
90$3,014,312$0$0$2,272,239
91$3,236,609$0$0$2,440,646
92$3,478,898$0$0$2,624,235
93$3,743,134$0$0$2,824,492
94$4,031,467$0$0$3,043,050
95$4,346,266$0$0$3,281,712
96$4,690,137$0$0$3,542,457
97$5,065,951$0$0$3,827,468
98$5,476,867$0$0$4,139,145
99$5,926,363$0$0$4,480,134
100$6,418,269$0$0$4,853,346