Can I retire at age 65 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$50,786$50,334$49,892$49,462$49,041$47,662
2 years$25,142$24,673$24,220$23,780$23,353$21,974
3 years$16,595$16,124$15,672$15,236$14,816$13,481
4 years$12,322$11,853$11,405$10,977$10,567$9,285
5 years$9,759$9,293$8,851$8,431$8,033$6,808
6 years$8,051$7,588$7,153$6,742$6,356$5,190
7 years$6,831$6,373$5,944$5,543$5,169$4,061
8 years$5,917$5,463$5,041$4,650$4,288$3,238
9 years$5,206$4,756$4,342$3,961$3,611$2,618
10 years$4,638$4,192$3,785$3,414$3,077$2,139
11 years$4,173$3,732$3,332$2,971$2,646$1,762
12 years$3,787$3,350$2,957$2,606$2,293$1,461
13 years$3,459$3,027$2,642$2,301$2,000$1,218
14 years$3,179$2,752$2,374$2,043$1,753$1,020
15 years$2,937$2,514$2,144$1,822$1,544$857
16 years$2,725$2,306$1,943$1,631$1,364$722
17 years$2,538$2,124$1,768$1,466$1,210$609
18 years$2,372$1,963$1,614$1,321$1,075$516
19 years$2,224$1,819$1,478$1,193$959$437
20 years$2,090$1,690$1,356$1,081$856$371
21 years$1,970$1,574$1,248$981$766$315
22 years$1,860$1,470$1,150$892$687$268
23 years$1,761$1,375$1,062$812$617$228
24 years$1,669$1,288$982$741$554$194
25 years$1,586$1,209$909$677$499$166
26 years$1,508$1,136$843$619$449$141
27 years$1,437$1,069$783$566$405$121
28 years$1,371$1,007$728$519$365$103
29 years$1,309$950$678$476$330$88
30 years$1,252$897$631$437$298$75
31 years$1,198$848$588$401$270$64
32 years$1,148$803$549$369$244$55
33 years$1,101$760$513$339$221$47
34 years$1,057$721$479$312$200$40
35 years$1,016$683$448$287$181$34
36 years$977$649$419$264$164$29
37 years$940$616$392$244$149$25
38 years$905$585$367$225$135$21
39 years$872$557$344$207$122$18
40 years$841$530$322$191$111$16
41 years$811$504$302$176$101$13
42 years$783$480$284$163$91$11
43 years$756$458$266$150$83$10
44 years$731$436$250$139$75$8
45 years$706$416$235$128$68$7
46 years$683$397$220$118$62$6
47 years$661$379$207$109$56$5
48 years$640$361$194$101$51$4
49 years$620$345$183$93$46$4
50 years$600$330$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $615,000, adding $2,469 every year, while hoping to spend $29,019 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: 78/10/12 Blend
64$615,000$615,000$615,000$615,000
65$680,277$647,682$638,149$731,598
66$718,789$648,542$628,651$766,572
67$760,257$648,472$617,863$800,956
68$804,951$647,395$605,709$837,842
69$853,170$645,231$592,114$877,468
70$905,239$641,893$576,995$920,093
71$961,518$637,291$560,270$966,009
72$1,022,402$631,328$541,848$1,015,533
73$1,088,325$623,900$521,637$1,069,015
74$1,159,763$614,901$499,541$1,126,843
75$1,237,242$604,213$475,459$1,189,443
76$1,321,337$591,717$449,284$1,257,285
77$1,412,684$577,282$420,905$1,330,887
78$1,511,981$560,771$390,208$1,410,821
79$1,619,995$542,041$357,072$1,497,715
80$1,737,570$520,937$321,370$1,592,266
81$1,865,637$497,297$282,970$1,695,237
82$2,005,218$470,951$241,736$1,807,475
83$2,157,438$441,716$197,522$1,929,909
84$2,323,538$409,400$150,180$2,063,566
85$2,504,879$373,802$99,552$2,209,577
86$2,702,965$334,706$45,475$2,369,191
87$2,919,446$291,885$0$2,543,782
88$3,156,144$245,101$0$2,736,435
89$3,415,060$194,101$0$2,953,570
90$3,698,400$138,616$0$3,191,228
91$4,008,594$78,366$0$3,451,465
92$4,348,316$13,051$0$3,736,550
93$4,720,512$0$0$4,048,981
94$5,128,424$0$0$4,397,855
95$5,575,626$0$0$4,781,926
96$6,066,051$0$0$5,203,140
97$6,604,034$0$0$5,665,222
98$7,194,347$0$0$6,172,274
99$7,842,248$0$0$6,728,816
100$8,553,528$0$0$7,339,824