Can I retire at age 65 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$51,694$51,234$50,785$50,346$49,918$49,172
2 years$25,591$25,115$24,653$24,205$23,771$23,021
3 years$16,891$16,413$15,952$15,508$15,081$14,351
4 years$12,542$12,065$11,609$11,173$10,756$10,051
5 years$9,934$9,459$9,009$8,582$8,176$7,498
6 years$8,195$7,724$7,281$6,863$6,470$5,819
7 years$6,954$6,487$6,050$5,642$5,262$4,639
8 years$6,023$5,560$5,131$4,733$4,365$3,771
9 years$5,299$4,841$4,419$4,032$3,676$3,109
10 years$4,721$4,267$3,853$3,475$3,132$2,593
11 years$4,248$3,799$3,392$3,025$2,694$2,181
12 years$3,854$3,410$3,010$2,653$2,334$1,848
13 years$3,521$3,081$2,690$2,342$2,036$1,575
14 years$3,236$2,801$2,417$2,079$1,784$1,348
15 years$2,989$2,559$2,182$1,854$1,571$1,159
16 years$2,773$2,348$1,978$1,660$1,389$999
17 years$2,583$2,162$1,800$1,492$1,231$864
18 years$2,414$1,998$1,643$1,344$1,095$749
19 years$2,263$1,852$1,504$1,215$976$651
20 years$2,128$1,721$1,381$1,100$872$566
21 years$2,005$1,603$1,270$998$780$493
22 years$1,894$1,496$1,170$908$699$431
23 years$1,792$1,399$1,081$827$628$376
24 years$1,699$1,311$999$754$564$329
25 years$1,614$1,230$926$689$508$288
26 years$1,535$1,156$858$630$457$252
27 years$1,463$1,088$797$576$412$221
28 years$1,395$1,025$741$528$372$194
29 years$1,333$967$690$484$336$170
30 years$1,274$914$642$444$303$149
31 years$1,220$864$599$408$274$131
32 years$1,169$817$559$375$248$115
33 years$1,121$774$522$345$225$101
34 years$1,076$733$487$317$203$89
35 years$1,034$696$456$292$184$78
36 years$994$660$426$269$167$69
37 years$957$627$399$248$151$60
38 years$921$596$374$229$137$53
39 years$888$567$350$211$124$47
40 years$856$539$328$194$113$41
41 years$826$513$308$179$102$36
42 years$797$489$289$165$93$32
43 years$770$466$271$153$84$28
44 years$744$444$254$141$76$25
45 years$719$423$239$130$69$22
46 years$695$404$224$120$63$19
47 years$673$385$211$111$57$17
48 years$651$368$198$103$52$15
49 years$631$351$186$95$47$13
50 years$611$336$175$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $626,000, adding $2,305 every year, while hoping to spend $48,822 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: 63/16/21 Blend
64$626,000$626,000$626,000$626,000
65$692,230$659,052$649,349$731,946
66$710,891$639,399$619,156$739,349
67$729,819$617,147$586,315$741,757
68$748,990$592,117$550,686$743,267
69$768,376$564,119$512,122$743,794
70$787,943$532,954$470,471$743,251
71$807,653$498,409$425,572$741,539
72$827,464$460,260$377,259$738,555
73$847,324$418,272$325,355$734,186
74$867,176$372,192$269,680$728,313
75$886,956$321,758$210,043$720,803
76$906,591$266,690$146,245$711,517
77$925,997$206,691$78,078$700,302
78$945,082$141,452$5,326$686,994
79$963,738$70,641$0$671,415
80$981,849$0$0$669,578
81$999,281$0$0$668,471
82$1,015,885$0$0$679,202
83$1,031,496$0$0$689,218
84$1,045,926$0$0$698,389
85$1,058,969$0$0$706,570
86$1,070,393$0$0$713,599
87$1,079,939$0$0$719,296
88$1,087,320$0$0$723,461
89$1,092,216$0$0$725,871
90$1,094,273$0$0$726,278
91$1,093,095$0$0$724,407
92$1,088,245$0$0$719,953
93$1,079,234$0$0$712,577
94$1,065,524$0$0$701,902
95$1,046,516$0$0$687,514
96$1,021,547$0$0$668,949
97$989,882$0$0$645,697
98$950,707$0$0$617,191
99$903,122$0$0$582,805
100$846,131$0$0$541,846