Can I retire at age 64 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$49,713$49,270$48,838$48,416$48,004$46,863
2 years$24,610$24,152$23,708$23,277$22,859$21,716
3 years$16,244$15,784$15,340$14,914$14,503$13,393
4 years$12,061$11,603$11,164$10,745$10,344$9,276
5 years$9,553$9,097$8,664$8,253$7,863$6,841
6 years$7,881$7,428$7,002$6,600$6,222$5,246
7 years$6,687$6,238$5,818$5,426$5,060$4,131
8 years$5,792$5,347$4,934$4,552$4,198$3,315
9 years$5,096$4,656$4,250$3,877$3,535$2,698
10 years$4,540$4,104$3,705$3,342$3,012$2,220
11 years$4,085$3,653$3,262$2,909$2,590$1,841
12 years$3,707$3,279$2,895$2,551$2,245$1,538
13 years$3,386$2,963$2,586$2,252$1,958$1,292
14 years$3,112$2,694$2,324$1,999$1,716$1,089
15 years$2,875$2,461$2,098$1,783$1,511$922
16 years$2,667$2,258$1,902$1,597$1,335$783
17 years$2,484$2,079$1,731$1,435$1,184$667
18 years$2,322$1,921$1,580$1,293$1,053$569
19 years$2,177$1,781$1,447$1,168$938$486
20 years$2,046$1,655$1,328$1,058$838$416
21 years$1,928$1,541$1,221$960$750$356
22 years$1,821$1,439$1,125$873$672$306
23 years$1,723$1,346$1,039$795$604$263
24 years$1,634$1,261$961$725$542$226
25 years$1,552$1,183$890$662$488$194
26 years$1,476$1,112$826$606$440$167
27 years$1,407$1,046$767$554$396$144
28 years$1,342$986$713$508$358$124
29 years$1,282$930$663$466$323$107
30 years$1,225$878$618$427$292$92
31 years$1,173$830$576$393$264$79
32 years$1,124$786$537$361$239$68
33 years$1,078$744$502$332$216$59
34 years$1,035$705$469$305$196$51
35 years$994$669$438$281$177$44
36 years$956$635$410$259$160$38
37 years$920$603$384$238$145$33
38 years$886$573$359$220$132$28
39 years$854$545$337$203$120$24
40 years$823$518$316$187$108$21
41 years$794$494$296$172$98$18
42 years$766$470$278$159$89$16
43 years$740$448$260$147$81$14
44 years$715$427$244$136$74$12
45 years$691$407$230$125$67$10
46 years$669$388$216$116$61$9
47 years$647$371$203$107$55$8
48 years$626$354$190$99$50$6
49 years$607$338$179$91$45$6
50 years$588$323$168$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $602,000, adding $3,923 every year, while hoping to spend $37,665 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: 31/47/22 Blend
63$602,000$602,000$602,000$602,000
64$667,451$635,545$626,214$683,488
65$695,455$626,611$607,116$687,045
66$725,054$615,977$586,117$687,217
67$756,370$603,520$563,112$686,624
68$789,537$589,110$537,994$685,222
69$824,701$572,608$510,648$682,967
70$862,023$553,868$480,957$679,816
71$901,678$532,736$448,798$675,723
72$943,857$509,048$414,040$670,645
73$988,769$482,631$376,550$664,536
74$1,036,645$453,301$336,186$657,354
75$1,087,736$420,866$292,801$649,055
76$1,142,316$385,119$246,241$639,597
77$1,200,688$345,846$196,346$628,941
78$1,263,183$302,817$142,948$617,048
79$1,330,162$255,789$85,871$603,883
80$1,402,025$204,509$24,934$589,416
81$1,479,207$148,706$0$573,619
82$1,562,189$88,095$0$565,882
83$1,651,496$22,376$0$563,636
84$1,747,706$0$0$561,061
85$1,851,454$0$0$583,433
86$1,963,437$0$0$620,143
87$2,084,421$0$0$659,879
88$2,215,248$0$0$702,928
89$2,356,843$0$0$749,604
90$2,510,224$0$0$800,252
91$2,676,508$0$0$855,253
92$2,856,926$0$0$915,026
93$3,052,830$0$0$980,031
94$3,265,707$0$0$1,050,773
95$3,497,195$0$0$1,127,811
96$3,749,095$0$0$1,211,758
97$4,023,386$0$0$1,303,287
98$4,322,249$0$0$1,403,143
99$4,648,083$0$0$1,512,141
100$5,003,529$0$0$1,631,183