Can I retire at age 65 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$51,282$50,825$50,379$49,944$49,519$48,759
2 years$25,387$24,914$24,456$24,012$23,581$22,817
3 years$16,757$16,282$15,825$15,384$14,961$14,216
4 years$12,442$11,969$11,516$11,084$10,670$9,952
5 years$9,854$9,384$8,937$8,513$8,111$7,420
6 years$8,129$7,662$7,222$6,808$6,418$5,756
7 years$6,898$6,435$6,002$5,597$5,220$4,586
8 years$5,975$5,516$5,090$4,695$4,330$3,725
9 years$5,257$4,803$4,384$4,000$3,647$3,070
10 years$4,683$4,233$3,822$3,448$3,107$2,559
11 years$4,214$3,769$3,365$3,000$2,672$2,151
12 years$3,824$3,383$2,986$2,632$2,316$1,821
13 years$3,493$3,057$2,668$2,323$2,019$1,551
14 years$3,210$2,779$2,397$2,063$1,770$1,327
15 years$2,965$2,538$2,164$1,839$1,559$1,140
16 years$2,751$2,329$1,962$1,647$1,377$982
17 years$2,563$2,145$1,786$1,480$1,221$849
18 years$2,395$1,982$1,630$1,334$1,086$735
19 years$2,245$1,837$1,492$1,205$968$638
20 years$2,111$1,707$1,370$1,091$865$555
21 years$1,989$1,590$1,260$991$774$483
22 years$1,879$1,484$1,161$901$694$421
23 years$1,778$1,388$1,072$820$623$368
24 years$1,686$1,300$991$748$560$321
25 years$1,601$1,220$918$683$504$281
26 years$1,523$1,147$852$625$454$246
27 years$1,451$1,079$791$572$409$215
28 years$1,384$1,017$735$524$369$189
29 years$1,322$960$684$480$333$165
30 years$1,264$906$637$441$301$145
31 years$1,210$857$594$405$272$127
32 years$1,160$811$554$372$246$112
33 years$1,112$768$518$342$223$98
34 years$1,068$728$484$315$202$86
35 years$1,026$690$452$290$183$76
36 years$986$655$423$267$166$66
37 years$949$622$396$246$150$58
38 years$914$591$371$227$136$51
39 years$881$562$347$209$123$45
40 years$849$535$326$193$112$40
41 years$819$509$305$178$102$35
42 years$791$485$286$164$92$31
43 years$764$462$269$152$84$27
44 years$738$440$252$140$76$24
45 years$713$420$237$129$69$21
46 years$690$401$222$119$63$18
47 years$668$382$209$110$57$16
48 years$646$365$196$102$52$14
49 years$626$349$185$94$47$12
50 years$606$333$174$87$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $621,000, adding $3,584 every year, while hoping to spend $50,478 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: 36/48/16 Blend
64$621,000$621,000$621,000$621,000
65$688,039$655,126$645,500$709,325
66$704,511$633,519$613,416$703,441
67$720,971$609,161$578,566$692,054
68$737,365$581,865$540,803$678,684
69$753,631$551,431$499,974$663,180
70$769,699$517,649$455,922$645,382
71$785,491$480,297$408,478$625,119
72$800,918$439,139$357,469$602,210
73$815,881$393,926$302,714$576,460
74$830,269$344,396$244,022$547,661
75$843,955$290,270$181,196$515,591
76$856,801$231,256$114,028$480,012
77$868,651$167,043$42,304$440,672
78$879,329$97,304$0$397,298
79$888,642$21,694$0$355,447
80$896,373$0$0$317,049
81$902,281$0$0$306,359
82$906,097$0$0$306,248
83$907,524$0$0$305,137
84$906,230$0$0$302,895
85$901,847$0$0$299,373
86$893,968$0$0$294,407
87$882,139$0$0$287,816
88$865,859$0$0$279,400
89$844,571$0$0$268,935
90$817,659$0$0$256,176
91$784,441$0$0$240,849
92$744,161$0$0$222,653
93$695,983$0$0$201,254
94$638,982$0$0$176,283
95$572,136$0$0$147,331
96$494,312$0$0$113,948
97$404,261$0$0$75,635
98$300,599$0$0$31,841
99$181,801$0$0$0
100$46,176$0$0$0