Can I retire at age 65 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$53,594$53,116$52,651$52,196$51,752$50,440
2 years$26,532$26,037$25,559$25,094$24,644$23,330
3 years$17,512$17,016$16,538$16,078$15,635$14,361
4 years$13,003$12,508$12,035$11,583$11,151$9,927
5 years$10,299$9,807$9,340$8,897$8,477$7,305
6 years$8,496$8,008$7,548$7,115$6,707$5,590
7 years$7,209$6,725$6,273$5,850$5,455$4,392
8 years$6,244$5,765$5,320$4,907$4,525$3,516
9 years$5,494$5,019$4,582$4,180$3,811$2,855
10 years$4,895$4,424$3,994$3,603$3,247$2,343
11 years$4,404$3,939$3,517$3,136$2,793$1,939
12 years$3,996$3,535$3,121$2,750$2,420$1,615
13 years$3,651$3,195$2,788$2,428$2,110$1,352
14 years$3,355$2,904$2,505$2,156$1,850$1,138
15 years$3,099$2,653$2,262$1,922$1,629$960
16 years$2,875$2,434$2,051$1,721$1,440$813
17 years$2,678$2,241$1,866$1,547$1,276$690
18 years$2,503$2,071$1,704$1,394$1,135$587
19 years$2,346$1,920$1,560$1,259$1,012$500
20 years$2,206$1,784$1,431$1,141$904$427
21 years$2,079$1,661$1,317$1,035$809$365
22 years$1,963$1,551$1,213$941$725$312
23 years$1,858$1,451$1,120$857$651$267
24 years$1,762$1,359$1,036$782$585$229
25 years$1,673$1,275$960$714$526$196
26 years$1,592$1,199$890$653$474$168
27 years$1,516$1,128$826$598$427$144
28 years$1,446$1,063$768$547$386$124
29 years$1,382$1,003$715$502$348$106
30 years$1,321$947$666$461$315$91
31 years$1,265$895$621$423$284$79
32 years$1,212$847$579$389$257$67
33 years$1,162$802$541$358$233$58
34 years$1,116$760$505$329$211$50
35 years$1,072$721$472$303$191$43
36 years$1,031$685$442$279$173$37
37 years$992$650$414$257$157$32
38 years$955$618$387$237$142$27
39 years$920$588$363$218$129$23
40 years$887$559$340$201$117$20
41 years$856$532$319$186$106$17
42 years$826$507$299$172$96$15
43 years$798$483$281$158$87$13
44 years$771$460$264$146$79$11
45 years$745$439$247$135$72$10
46 years$721$419$232$125$65$8
47 years$698$400$218$115$59$7
48 years$675$381$205$106$54$6
49 years$654$364$193$98$49$5
50 years$634$348$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $649,000, adding $4,329 every year, while hoping to spend $37,454 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: 51/43/6 Blend
64$649,000$649,000$649,000$649,000
65$719,663$685,266$675,207$755,103
66$753,218$678,994$657,976$773,391
67$788,940$671,158$638,912$788,846
68$827,011$661,644$617,914$804,746
69$867,630$650,328$594,878$821,142
70$911,014$637,080$569,692$838,091
71$957,402$621,762$542,241$855,656
72$1,007,056$604,227$512,405$873,913
73$1,060,263$584,321$480,058$892,945
74$1,117,336$561,879$445,067$912,847
75$1,178,623$536,730$407,295$933,725
76$1,244,501$508,688$366,598$955,703
77$1,315,388$477,561$322,826$978,916
78$1,391,739$443,143$275,822$1,003,519
79$1,474,056$405,217$225,422$1,029,688
80$1,562,891$363,554$171,455$1,057,617
81$1,658,850$317,912$113,743$1,087,526
82$1,762,597$268,035$52,098$1,119,664
83$1,874,865$213,651$0$1,154,306
84$1,996,458$154,476$0$1,192,640
85$2,128,259$90,208$0$1,237,754
86$2,271,240$20,528$0$1,286,712
87$2,426,472$0$0$1,339,962
88$2,595,130$0$0$1,423,984
89$2,778,507$0$0$1,525,958
90$2,978,027$0$0$1,636,970
91$3,195,256$0$0$1,757,899
92$3,431,916$0$0$1,889,713
93$3,689,904$0$0$2,033,476
94$3,971,307$0$0$2,190,360
95$4,278,422$0$0$2,361,654
96$4,613,776$0$0$2,548,779
97$4,980,153$0$0$2,753,296
98$5,380,618$0$0$2,976,927
99$5,818,544$0$0$3,221,567
100$6,297,645$0$0$3,489,301