Can I retire at age 65 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$52,355$51,889$51,434$50,990$50,556$50,174
2 years$25,918$25,436$24,968$24,514$24,074$23,690
3 years$17,107$16,622$16,156$15,707$15,274$14,898
4 years$12,703$12,219$11,757$11,316$10,893$10,529
5 years$10,060$9,580$9,124$8,692$8,281$7,929
6 years$8,300$7,823$7,374$6,951$6,552$6,214
7 years$7,042$6,570$6,128$5,715$5,329$5,004
8 years$6,100$5,631$5,197$4,794$4,421$4,109
9 years$5,367$4,903$4,476$4,083$3,723$3,425
10 years$4,781$4,322$3,902$3,520$3,172$2,887
11 years$4,302$3,848$3,435$3,063$2,728$2,456
12 years$3,904$3,453$3,049$2,687$2,364$2,104
13 years$3,566$3,121$2,724$2,372$2,062$1,814
14 years$3,278$2,837$2,447$2,106$1,807$1,572
15 years$3,027$2,591$2,210$1,878$1,591$1,368
16 years$2,809$2,378$2,003$1,681$1,406$1,194
17 years$2,616$2,190$1,823$1,511$1,247$1,046
18 years$2,445$2,023$1,664$1,362$1,109$918
19 years$2,292$1,875$1,524$1,230$988$808
20 years$2,155$1,743$1,398$1,114$883$713
21 years$2,031$1,623$1,286$1,011$790$629
22 years$1,918$1,515$1,185$919$708$557
23 years$1,815$1,417$1,094$837$636$493
24 years$1,721$1,328$1,012$764$571$437
25 years$1,635$1,246$937$697$514$388
26 years$1,555$1,171$869$638$463$345
27 years$1,481$1,102$807$584$417$306
28 years$1,413$1,038$751$535$377$273
29 years$1,350$980$698$490$340$243
30 years$1,291$925$651$450$307$216
31 years$1,235$875$607$413$278$193
32 years$1,184$828$566$380$251$172
33 years$1,135$784$528$349$227$153
34 years$1,090$743$494$321$206$137
35 years$1,047$705$462$296$187$122
36 years$1,007$669$432$273$169$109
37 years$969$635$404$251$153$97
38 years$933$604$378$231$139$87
39 years$899$574$355$213$126$77
40 years$867$546$332$197$114$69
41 years$836$520$312$182$104$62
42 years$807$495$292$168$94$55
43 years$780$472$274$155$85$49
44 years$753$450$257$143$77$44
45 years$728$429$242$132$70$39
46 years$704$409$227$122$64$35
47 years$682$390$213$113$58$31
48 years$660$373$200$104$53$28
49 years$639$356$188$96$48$25
50 years$619$340$177$89$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $634,000, adding $3,548 every year, while hoping to spend $40,471 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: 35/45/20 Blend
64$634,000$634,000$634,000$634,000
65$702,328$668,726$658,899$722,518
66$730,904$658,432$637,911$727,354
67$761,039$646,278$614,864$728,564
68$792,849$632,130$589,645$729,031
69$826,460$615,844$562,139$728,715
70$862,011$597,273$532,222$727,572
71$899,652$576,255$499,768$725,560
72$939,549$552,624$464,642$722,634
73$981,881$526,201$426,706$718,753
74$1,026,846$496,798$385,814$713,872
75$1,074,659$464,215$341,813$707,950
76$1,125,555$428,243$294,546$700,946
77$1,179,794$388,659$243,845$692,819
78$1,237,657$345,228$189,538$683,533
79$1,299,454$297,700$131,443$673,051
80$1,365,524$245,813$69,372$661,342
81$1,436,240$189,290$3,129$648,378
82$1,512,009$127,837$0$634,135
83$1,593,278$61,146$0$633,013
84$1,680,538$0$0$632,233
85$1,774,329$0$0$636,674
86$1,875,241$0$0$674,094
87$1,983,924$0$0$714,463
88$2,101,091$0$0$758,056
89$2,227,525$0$0$805,174
90$2,364,088$0$0$856,145
91$2,511,724$0$0$911,335
92$2,671,474$0$0$971,141
93$2,844,481$0$0$1,036,004
94$3,032,001$0$0$1,106,405
95$3,235,415$0$0$1,182,876
96$3,456,243$0$0$1,266,001
97$3,696,157$0$0$1,356,423
98$3,956,994$0$0$1,454,849
99$4,240,777$0$0$1,562,056
100$4,549,731$0$0$1,678,901