Can I retire at age 65 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$53,346$52,871$52,407$51,955$51,513$49,547
2 years$26,409$25,917$25,440$24,978$24,530$22,573
3 years$17,431$16,937$16,462$16,004$15,563$13,676
4 years$12,943$12,451$11,980$11,530$11,100$9,297
5 years$10,251$9,761$9,297$8,856$8,438$6,724
6 years$8,457$7,971$7,513$7,082$6,676$5,053
7 years$7,176$6,694$6,244$5,823$5,430$3,896
8 years$6,215$5,738$5,295$4,885$4,504$3,059
9 years$5,469$4,996$4,561$4,161$3,793$2,434
10 years$4,872$4,404$3,976$3,586$3,232$1,956
11 years$4,384$3,920$3,500$3,121$2,780$1,585
12 years$3,977$3,519$3,107$2,738$2,409$1,292
13 years$3,634$3,180$2,775$2,417$2,101$1,058
14 years$3,340$2,890$2,494$2,146$1,841$870
15 years$3,085$2,640$2,252$1,913$1,621$717
16 years$2,862$2,423$2,041$1,713$1,433$593
17 years$2,666$2,231$1,858$1,539$1,271$491
18 years$2,491$2,062$1,696$1,387$1,130$408
19 years$2,336$1,911$1,552$1,254$1,007$339
20 years$2,196$1,775$1,425$1,135$899$282
21 years$2,069$1,654$1,310$1,030$805$235
22 years$1,954$1,544$1,208$937$721$196
23 years$1,849$1,444$1,115$853$648$163
24 years$1,754$1,353$1,031$778$582$136
25 years$1,665$1,270$955$711$524$114
26 years$1,584$1,193$886$650$472$95
27 years$1,509$1,123$823$595$425$79
28 years$1,440$1,058$765$545$384$66
29 years$1,375$998$712$500$347$55
30 years$1,315$943$663$459$313$46
31 years$1,259$891$618$421$283$39
32 years$1,206$843$577$387$256$32
33 years$1,157$799$538$356$232$27
34 years$1,111$757$503$328$210$23
35 years$1,067$718$470$302$190$19
36 years$1,026$681$440$278$172$16
37 years$987$647$412$256$156$13
38 years$951$615$386$236$142$11
39 years$916$585$361$217$128$9
40 years$883$556$339$201$116$8
41 years$852$530$318$185$106$7
42 years$822$504$298$171$96$5
43 years$794$481$279$158$87$5
44 years$768$458$262$146$79$4
45 years$742$437$246$134$72$3
46 years$718$417$231$124$65$3
47 years$694$398$217$115$59$2
48 years$672$380$204$106$54$2
49 years$651$363$192$98$49$2
50 years$631$346$181$91$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $646,000, adding $2,943 every year, while hoping to spend $28,898 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: 85/10/5 Blend
64$646,000$646,000$646,000$646,000
65$714,928$680,690$670,677$775,451
66$757,103$683,296$662,397$817,954
67$802,612$685,062$652,872$860,365
68$851,763$685,915$642,028$906,028
69$904,898$685,780$629,791$955,248
70$962,389$684,575$616,080$1,008,364
71$1,024,648$682,214$600,814$1,065,748
72$1,092,126$678,607$583,906$1,127,808
73$1,165,321$673,656$565,264$1,194,996
74$1,244,778$667,259$544,795$1,267,807
75$1,331,098$659,308$522,398$1,346,787
76$1,424,943$649,686$497,971$1,432,539
77$1,527,039$638,273$471,405$1,525,726
78$1,638,186$624,938$442,586$1,627,076
79$1,759,265$609,544$411,397$1,737,396
80$1,891,245$591,947$377,714$1,857,570
81$2,035,192$571,992$341,407$1,988,575
82$2,192,279$549,516$302,341$2,131,486
83$2,363,797$524,349$260,376$2,287,487
84$2,551,170$496,308$215,365$2,457,885
85$2,755,963$465,200$167,152$2,644,117
86$2,979,898$430,822$115,579$2,847,769
87$3,224,874$392,958$60,477$3,070,586
88$3,492,979$351,382$1,671$3,314,494
89$3,786,515$305,851$0$3,581,612
90$4,108,015$256,114$0$3,877,537
91$4,460,270$201,900$0$4,201,891
92$4,846,351$142,927$0$4,557,435
93$5,269,643$78,895$0$4,947,306
94$5,733,874$9,488$0$5,374,963
95$6,243,148$0$0$5,844,216
96$6,801,987$0$0$6,366,486
97$7,415,372$0$0$6,940,888
98$8,088,788$0$0$7,571,517
99$8,828,281$0$0$8,264,035
100$9,640,506$0$0$9,024,675