Can I retire at age 65 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$53,429$52,953$52,488$52,035$51,593$50,345
2 years$26,450$25,957$25,480$25,017$24,568$23,319
3 years$17,458$16,963$16,487$16,029$15,587$14,375
4 years$12,963$12,470$11,998$11,548$11,117$9,951
5 years$10,267$9,777$9,311$8,870$8,451$7,335
6 years$8,470$7,983$7,525$7,093$6,687$5,622
7 years$7,187$6,704$6,253$5,832$5,438$4,425
8 years$6,225$5,747$5,303$4,892$4,511$3,548
9 years$5,477$5,004$4,568$4,167$3,799$2,886
10 years$4,879$4,410$3,982$3,592$3,237$2,373
11 years$4,391$3,926$3,506$3,126$2,784$1,967
12 years$3,984$3,524$3,111$2,742$2,413$1,642
13 years$3,639$3,185$2,780$2,421$2,104$1,378
14 years$3,345$2,895$2,498$2,149$1,844$1,162
15 years$3,090$2,645$2,255$1,916$1,624$983
16 years$2,866$2,426$2,045$1,716$1,435$834
17 years$2,670$2,235$1,860$1,542$1,272$709
18 years$2,495$2,065$1,698$1,389$1,131$605
19 years$2,339$1,914$1,555$1,255$1,008$516
20 years$2,199$1,778$1,427$1,137$901$442
21 years$2,072$1,656$1,312$1,032$806$378
22 years$1,957$1,546$1,210$938$723$324
23 years$1,852$1,446$1,117$855$649$278
24 years$1,756$1,355$1,033$779$583$239
25 years$1,668$1,271$957$712$525$205
26 years$1,587$1,195$887$651$473$176
27 years$1,512$1,125$824$596$426$152
28 years$1,442$1,060$766$546$384$131
29 years$1,377$1,000$713$501$347$112
30 years$1,317$944$664$459$314$97
31 years$1,261$893$619$422$284$83
32 years$1,208$845$577$388$257$72
33 years$1,159$800$539$357$232$62
34 years$1,112$758$504$328$210$53
35 years$1,069$719$471$302$190$46
36 years$1,028$682$441$278$172$40
37 years$989$648$412$256$156$34
38 years$952$616$386$236$142$29
39 years$917$586$362$218$129$25
40 years$885$557$339$201$117$22
41 years$853$530$318$185$106$19
42 years$824$505$298$171$96$16
43 years$796$481$280$158$87$14
44 years$769$459$263$146$79$12
45 years$743$438$247$135$72$10
46 years$719$417$232$124$65$9
47 years$696$398$218$115$59$8
48 years$673$380$205$106$54$7
49 years$652$363$192$98$49$6
50 years$632$347$181$91$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $647,000, adding $6,637 every year, while hoping to spend $48,131 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: 66/27/7 Blend
64$647,000$647,000$647,000$647,000
65$719,840$685,549$675,521$766,025
66$742,053$667,930$646,939$779,936
67$764,918$647,834$615,788$788,754
68$788,451$625,090$581,929$797,117
69$812,669$599,515$545,219$804,974
70$837,586$570,916$505,509$812,271
71$863,219$539,090$462,642$818,950
72$889,582$503,821$416,456$824,950
73$916,692$464,880$366,779$830,205
74$944,562$422,027$313,434$834,646
75$973,208$375,006$256,234$838,196
76$1,002,643$323,550$194,986$840,776
77$1,032,881$267,372$129,486$842,301
78$1,063,934$206,172$59,523$842,680
79$1,095,813$139,633$0$841,814
80$1,128,531$67,419$0$840,732
81$1,162,095$0$0$843,010
82$1,196,514$0$0$847,312
83$1,231,795$0$0$872,250
84$1,267,940$0$0$897,794
85$1,304,954$0$0$923,946
86$1,342,835$0$0$950,705
87$1,381,580$0$0$978,067
88$1,421,183$0$0$1,006,028
89$1,461,634$0$0$1,034,578
90$1,502,920$0$0$1,063,708
91$1,545,020$0$0$1,093,403
92$1,587,912$0$0$1,123,644
93$1,631,566$0$0$1,154,409
94$1,675,946$0$0$1,185,671
95$1,721,008$0$0$1,217,398
96$1,766,702$0$0$1,249,550
97$1,812,966$0$0$1,282,083
98$1,859,729$0$0$1,314,945
99$1,906,911$0$0$1,348,074
100$1,954,416$0$0$1,381,402