Can I retire at age 65 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$53,511$53,035$52,570$52,116$51,672$50,963
2 years$26,491$25,997$25,519$25,056$24,606$23,893
3 years$17,485$16,990$16,513$16,053$15,611$14,916
4 years$12,983$12,489$12,017$11,566$11,134$10,462
5 years$10,283$9,792$9,326$8,883$8,464$7,818
6 years$8,483$7,996$7,537$7,104$6,697$6,077
7 years$7,198$6,715$6,263$5,841$5,447$4,853
8 years$6,235$5,756$5,311$4,900$4,518$3,951
9 years$5,486$5,011$4,575$4,173$3,805$3,264
10 years$4,887$4,417$3,988$3,598$3,242$2,727
11 years$4,397$3,932$3,511$3,131$2,788$2,298
12 years$3,990$3,530$3,116$2,746$2,416$1,951
13 years$3,645$3,190$2,784$2,425$2,107$1,665
14 years$3,350$2,899$2,502$2,152$1,847$1,429
15 years$3,094$2,649$2,259$1,919$1,626$1,231
16 years$2,871$2,430$2,048$1,719$1,437$1,063
17 years$2,674$2,238$1,863$1,544$1,274$922
18 years$2,499$2,068$1,701$1,392$1,133$801
19 years$2,343$1,917$1,557$1,257$1,010$697
20 years$2,202$1,781$1,429$1,139$902$608
21 years$2,075$1,659$1,314$1,034$807$531
22 years$1,960$1,549$1,211$940$724$464
23 years$1,855$1,448$1,119$856$650$407
24 years$1,759$1,357$1,035$781$584$356
25 years$1,671$1,273$958$713$525$313
26 years$1,589$1,197$889$652$473$274
27 years$1,514$1,126$825$597$427$241
28 years$1,444$1,061$767$547$385$212
29 years$1,379$1,001$714$501$348$186
30 years$1,319$946$665$460$314$164
31 years$1,263$894$620$423$284$144
32 years$1,210$846$578$388$257$127
33 years$1,160$801$540$357$232$112
34 years$1,114$759$505$329$210$99
35 years$1,070$720$472$302$191$87
36 years$1,029$683$441$279$173$77
37 years$990$649$413$257$157$67
38 years$954$617$387$237$142$59
39 years$919$587$362$218$129$52
40 years$886$558$340$201$117$46
41 years$855$531$319$186$106$41
42 years$825$506$299$171$96$36
43 years$797$482$280$158$87$32
44 years$770$460$263$146$79$28
45 years$744$438$247$135$72$25
46 years$720$418$232$125$65$22
47 years$697$399$218$115$59$19
48 years$674$381$205$106$54$17
49 years$653$364$193$98$49$15
50 years$633$347$181$91$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $648,000, adding $6,743 every year, while hoping to spend $56,412 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: 48/38/14 Blend
64$648,000$648,000$648,000$648,000
65$721,051$686,707$676,663$752,546
66$734,577$660,334$639,310$748,624
67$747,591$630,778$598,814$738,003
68$759,982$597,823$555,011$725,224
69$771,626$561,242$507,730$710,106
70$782,382$520,793$456,789$692,451
71$792,095$476,222$402,001$672,049
72$800,591$427,259$343,171$648,673
73$807,676$373,620$280,092$622,077
74$813,135$315,003$212,550$591,995
75$816,727$251,090$140,323$558,143
76$818,186$181,547$63,177$520,212
77$817,216$106,017$0$477,869
78$813,488$24,128$0$433,614
79$806,636$0$0$394,455
80$796,256$0$0$377,542
81$781,898$0$0$368,573
82$763,065$0$0$357,192
83$739,205$0$0$343,109
84$709,709$0$0$325,998
85$673,900$0$0$305,500
86$631,030$0$0$281,218
87$580,271$0$0$252,712
88$520,709$0$0$219,498
89$451,331$0$0$181,038
90$371,018$0$0$136,738
91$278,532$0$0$85,942
92$172,509$0$0$27,926
93$51,435$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0