Can I retire at age 65 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$53,181$52,707$52,245$51,794$51,353$50,712
2 years$26,327$25,837$25,362$24,901$24,454$23,808
3 years$17,377$16,885$16,411$15,954$15,515$14,885
4 years$12,903$12,412$11,943$11,494$11,065$10,456
5 years$10,219$9,731$9,268$8,829$8,412$7,826
6 years$8,431$7,946$7,490$7,060$6,656$6,093
7 years$7,153$6,673$6,224$5,805$5,413$4,874
8 years$6,196$5,720$5,279$4,869$4,491$3,975
9 years$5,452$4,980$4,546$4,148$3,782$3,290
10 years$4,857$4,390$3,964$3,575$3,222$2,753
11 years$4,370$3,908$3,490$3,112$2,771$2,325
12 years$3,965$3,508$3,097$2,729$2,401$1,977
13 years$3,623$3,170$2,767$2,410$2,094$1,691
14 years$3,329$2,881$2,486$2,139$1,836$1,454
15 years$3,075$2,632$2,245$1,908$1,616$1,255
16 years$2,853$2,415$2,035$1,708$1,428$1,087
17 years$2,657$2,224$1,852$1,535$1,267$944
18 years$2,484$2,055$1,690$1,383$1,126$822
19 years$2,328$1,905$1,548$1,250$1,004$717
20 years$2,189$1,770$1,420$1,132$897$626
21 years$2,063$1,649$1,306$1,027$802$548
22 years$1,948$1,539$1,204$934$719$481
23 years$1,844$1,439$1,112$851$646$422
24 years$1,748$1,349$1,028$776$580$371
25 years$1,660$1,266$952$708$522$326
26 years$1,579$1,189$883$648$470$287
27 years$1,505$1,119$820$593$424$252
28 years$1,435$1,055$762$543$383$222
29 years$1,371$995$709$498$346$196
30 years$1,311$940$661$457$312$173
31 years$1,255$888$616$420$282$153
32 years$1,202$841$575$386$255$135
33 years$1,153$796$537$355$231$119
34 years$1,107$754$501$327$209$105
35 years$1,064$716$469$301$189$93
36 years$1,023$679$439$277$172$82
37 years$984$645$411$255$156$72
38 years$948$613$384$235$141$64
39 years$913$583$360$217$128$57
40 years$880$555$338$200$116$50
41 years$849$528$317$184$105$44
42 years$820$503$297$170$96$39
43 years$792$479$279$157$87$35
44 years$765$457$262$145$79$31
45 years$740$435$246$134$71$27
46 years$715$415$231$124$65$24
47 years$692$396$217$114$59$21
48 years$670$378$204$106$53$19
49 years$649$361$191$98$49$17
50 years$629$345$180$90$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $644,000, adding $4,001 every year, while hoping to spend $54,513 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: 58/17/25 Blend
64$644,000$644,000$644,000$644,000
65$713,815$679,683$669,701$750,171
66$728,623$654,986$634,135$750,755
67$743,114$627,252$595,550$745,241
68$757,198$596,274$553,788$738,071
69$770,776$561,835$508,682$729,101
70$783,733$523,702$460,061$718,172
71$795,943$481,633$407,743$705,113
72$807,265$435,369$351,538$689,740
73$817,541$384,637$291,250$671,851
74$826,595$329,150$226,672$651,230
75$834,232$268,602$157,589$627,641
76$840,232$202,672$83,776$600,831
77$844,352$131,019$5,000$570,522
78$846,323$53,286$0$536,415
79$845,844$0$0$519,276
80$842,582$0$0$506,236
81$836,167$0$0$501,118
82$826,188$0$0$493,690
83$812,191$0$0$483,661
84$793,670$0$0$470,706
85$770,067$0$0$454,468
86$740,763$0$0$434,549
87$705,073$0$0$410,512
88$662,238$0$0$381,869
89$611,419$0$0$348,083
90$551,688$0$0$308,560
91$482,019$0$0$262,642
92$401,276$0$0$209,603
93$308,205$0$0$148,640
94$201,420$0$0$78,864
95$79,389$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0