Can I retire at age 65 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$49,878$49,433$49,000$48,577$48,164$47,720
2 years$24,692$24,232$23,786$23,354$22,935$22,488
3 years$16,298$15,836$15,391$14,963$14,551$14,115
4 years$12,102$11,641$11,201$10,780$10,378$9,956
5 years$9,584$9,127$8,692$8,280$7,889$7,482
6 years$7,907$7,453$7,025$6,622$6,242$5,851
7 years$6,709$6,259$5,838$5,444$5,077$4,701
8 years$5,811$5,365$4,951$4,567$4,212$3,852
9 years$5,113$4,671$4,264$3,890$3,547$3,202
10 years$4,555$4,117$3,718$3,353$3,022$2,693
11 years$4,099$3,665$3,273$2,918$2,599$2,285
12 years$3,719$3,290$2,905$2,560$2,252$1,953
13 years$3,398$2,973$2,595$2,260$1,964$1,680
14 years$3,122$2,702$2,332$2,006$1,722$1,452
15 years$2,884$2,469$2,105$1,789$1,516$1,260
16 years$2,676$2,265$1,909$1,602$1,340$1,097
17 years$2,492$2,086$1,737$1,439$1,188$958
18 years$2,329$1,928$1,585$1,297$1,056$839
19 years$2,184$1,786$1,451$1,172$941$736
20 years$2,053$1,660$1,332$1,062$841$647
21 years$1,934$1,546$1,225$963$753$570
22 years$1,827$1,443$1,129$876$675$503
23 years$1,729$1,350$1,043$798$606$444
24 years$1,640$1,265$964$728$544$392
25 years$1,557$1,187$893$664$490$347
26 years$1,481$1,116$828$608$441$307
27 years$1,411$1,050$769$556$398$272
28 years$1,346$989$715$510$359$241
29 years$1,286$933$665$467$324$214
30 years$1,229$881$620$429$293$190
31 years$1,177$833$578$394$265$169
32 years$1,128$788$539$362$239$150
33 years$1,082$747$503$333$217$133
34 years$1,038$708$470$306$196$119
35 years$998$671$440$282$178$105
36 years$959$637$411$260$161$94
37 years$923$605$385$239$146$83
38 years$889$575$361$220$132$74
39 years$856$547$338$203$120$66
40 years$826$520$317$188$109$59
41 years$797$495$297$173$99$52
42 years$769$472$278$160$90$47
43 years$743$449$261$147$81$42
44 years$718$428$245$136$74$37
45 years$694$408$230$126$67$33
46 years$671$390$216$116$61$29
47 years$649$372$203$107$55$26
48 years$629$355$191$99$50$23
49 years$609$339$180$92$46$21
50 years$590$324$169$85$41$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $604,000, adding $4,735 every year, while hoping to spend $36,642 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: 65/17/18 Blend
64$604,000$604,000$604,000$604,000
65$670,492$638,480$629,118$710,775
66$699,896$630,779$611,207$730,669
67$731,070$621,472$591,467$747,767
68$764,157$610,443$569,800$765,572
69$799,313$597,566$546,100$784,154
70$836,707$582,711$520,258$803,592
71$876,525$565,737$492,160$823,971
72$918,970$546,498$461,687$845,390
73$964,265$524,836$428,714$867,958
74$1,012,654$500,587$393,110$891,794
75$1,064,405$473,577$354,740$917,036
76$1,119,812$443,619$313,460$943,833
77$1,179,195$410,518$269,124$972,353
78$1,242,907$374,069$221,574$1,002,784
79$1,311,337$334,051$170,650$1,035,334
80$1,384,909$290,235$116,182$1,070,236
81$1,464,089$242,376$57,993$1,107,746
82$1,549,390$190,216$0$1,148,151
83$1,641,374$133,483$0$1,192,560
84$1,740,660$71,890$0$1,252,476
85$1,847,927$5,132$0$1,317,180
86$1,963,922$0$0$1,387,151
87$2,089,464$0$0$1,475,469
88$2,225,457$0$0$1,572,212
89$2,372,890$0$0$1,677,129
90$2,532,856$0$0$1,791,002
91$2,706,553$0$0$1,914,688
92$2,895,301$0$0$2,049,131
93$3,100,550$0$0$2,195,371
94$3,323,898$0$0$2,354,550
95$3,567,100$0$0$2,527,925
96$3,832,090$0$0$2,716,881
97$4,120,995$0$0$2,922,941
98$4,436,157$0$0$3,147,780
99$4,780,152$0$0$3,393,243
100$5,155,817$0$0$3,661,362