Can I retire at age 64 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$49,878$49,433$49,000$48,577$48,164$47,288
2 years$24,692$24,232$23,786$23,354$22,935$22,056
3 years$16,298$15,836$15,391$14,963$14,551$13,696
4 years$12,102$11,641$11,201$10,780$10,378$9,553
5 years$9,584$9,127$8,692$8,280$7,889$7,097
6 years$7,907$7,453$7,025$6,622$6,242$5,484
7 years$6,709$6,259$5,838$5,444$5,077$4,353
8 years$5,811$5,365$4,951$4,567$4,212$3,522
9 years$5,113$4,671$4,264$3,890$3,547$2,890
10 years$4,555$4,117$3,718$3,353$3,022$2,398
11 years$4,099$3,665$3,273$2,918$2,599$2,007
12 years$3,719$3,290$2,905$2,560$2,252$1,692
13 years$3,398$2,973$2,595$2,260$1,964$1,434
14 years$3,122$2,702$2,332$2,006$1,722$1,221
15 years$2,884$2,469$2,105$1,789$1,516$1,044
16 years$2,676$2,265$1,909$1,602$1,340$895
17 years$2,492$2,086$1,737$1,439$1,188$770
18 years$2,329$1,928$1,585$1,297$1,056$663
19 years$2,184$1,786$1,451$1,172$941$573
20 years$2,053$1,660$1,332$1,062$841$496
21 years$1,934$1,546$1,225$963$753$429
22 years$1,827$1,443$1,129$876$675$372
23 years$1,729$1,350$1,043$798$606$323
24 years$1,640$1,265$964$728$544$281
25 years$1,557$1,187$893$664$490$244
26 years$1,481$1,116$828$608$441$213
27 years$1,411$1,050$769$556$398$185
28 years$1,346$989$715$510$359$161
29 years$1,286$933$665$467$324$140
30 years$1,229$881$620$429$293$122
31 years$1,177$833$578$394$265$107
32 years$1,128$788$539$362$239$93
33 years$1,082$747$503$333$217$81
34 years$1,038$708$470$306$196$71
35 years$998$671$440$282$178$62
36 years$959$637$411$260$161$54
37 years$923$605$385$239$146$47
38 years$889$575$361$220$132$41
39 years$856$547$338$203$120$36
40 years$826$520$317$188$109$31
41 years$797$495$297$173$99$28
42 years$769$472$278$160$90$24
43 years$743$449$261$147$81$21
44 years$718$428$245$136$74$18
45 years$694$408$230$126$67$16
46 years$671$390$216$116$61$14
47 years$649$372$203$107$55$12
48 years$629$355$191$99$50$11
49 years$609$339$180$92$46$9
50 years$590$324$169$85$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $604,000, adding $3,056 every year, while hoping to spend $37,281 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: 54/22/24 Blend
63$604,000$604,000$604,000$604,000
64$668,760$636,748$627,386$700,299
65$697,307$628,282$608,737$713,871
66$727,516$618,152$588,214$724,512
67$759,518$606,236$565,714$735,320
68$793,454$592,407$541,130$746,324
69$829,481$576,529$514,353$757,557
70$867,767$558,459$485,263$769,060
71$908,500$538,044$453,740$780,877
72$951,883$515,124$419,656$793,060
73$998,138$489,528$382,877$805,671
74$1,047,509$461,076$343,265$818,778
75$1,100,265$429,579$300,674$832,460
76$1,156,698$394,834$254,953$846,809
77$1,217,130$356,629$205,942$861,927
78$1,281,912$314,740$153,477$877,932
79$1,351,433$268,928$97,384$894,954
80$1,426,116$218,942$37,483$913,146
81$1,506,427$164,517$0$932,675
82$1,592,877$105,373$0$960,504
83$1,686,029$41,214$0$1,000,762
84$1,786,498$0$0$1,044,133
85$1,894,962$0$0$1,097,788
86$2,012,167$0$0$1,166,593
87$2,138,930$0$0$1,241,057
88$2,276,150$0$0$1,321,713
89$2,424,817$0$0$1,409,149
90$2,586,018$0$0$1,504,012
91$2,760,949$0$0$1,607,011
92$2,950,923$0$0$1,718,928
93$3,157,388$0$0$1,840,622
94$3,381,935$0$0$1,973,040
95$3,626,315$0$0$2,117,221
96$3,892,453$0$0$2,274,312
97$4,182,469$0$0$2,445,571
98$4,498,695$0$0$2,632,387
99$4,843,700$0$0$2,836,284
100$5,220,308$0$0$3,058,944