Can I retire at age 64 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$50,043$49,597$49,162$48,738$48,323$46,572
2 years$24,774$24,312$23,865$23,432$23,011$21,266
3 years$16,352$15,888$15,442$15,013$14,599$12,915
4 years$12,142$11,680$11,238$10,816$10,412$8,802
5 years$9,616$9,157$8,721$8,308$7,915$6,383
6 years$7,933$7,477$7,048$6,644$6,263$4,810
7 years$6,731$6,279$5,857$5,462$5,094$3,719
8 years$5,830$5,383$4,967$4,582$4,226$2,929
9 years$5,130$4,687$4,278$3,903$3,559$2,338
10 years$4,570$4,131$3,730$3,364$3,032$1,885
11 years$4,112$3,678$3,284$2,928$2,608$1,532
12 years$3,731$3,301$2,914$2,568$2,260$1,253
13 years$3,409$2,983$2,604$2,267$1,971$1,029
14 years$3,133$2,711$2,339$2,013$1,727$849
15 years$2,894$2,477$2,112$1,795$1,521$703
16 years$2,685$2,273$1,915$1,607$1,344$583
17 years$2,501$2,093$1,743$1,444$1,192$485
18 years$2,337$1,934$1,591$1,301$1,060$404
19 years$2,191$1,792$1,456$1,176$945$337
20 years$2,060$1,666$1,336$1,065$844$282
21 years$1,941$1,551$1,229$967$755$235
22 years$1,833$1,448$1,133$879$677$197
23 years$1,735$1,354$1,046$800$608$165
24 years$1,645$1,269$967$730$546$138
25 years$1,562$1,191$896$667$491$116
26 years$1,486$1,119$831$610$443$97
27 years$1,416$1,053$772$558$399$81
28 years$1,351$993$717$511$360$68
29 years$1,290$936$668$469$325$57
30 years$1,234$884$622$430$294$48
31 years$1,181$836$580$395$266$40
32 years$1,132$791$541$363$240$34
33 years$1,085$749$505$334$217$29
34 years$1,042$710$472$307$197$24
35 years$1,001$673$441$283$178$20
36 years$962$639$413$260$162$17
37 years$926$607$386$240$146$14
38 years$892$577$362$221$133$12
39 years$859$549$339$204$120$10
40 years$828$522$318$188$109$8
41 years$799$497$298$174$99$7
42 years$772$473$279$160$90$6
43 years$745$451$262$148$82$5
44 years$720$430$246$137$74$4
45 years$696$410$231$126$67$4
46 years$673$391$217$116$61$3
47 years$651$373$204$108$55$2
48 years$631$356$192$99$50$2
49 years$611$340$180$92$46$2
50 years$592$325$169$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $606,000, adding $2,506 every year, while hoping to spend $28,433 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: 49/37/14 Blend
63$606,000$606,000$606,000$606,000
64$670,397$638,279$628,886$700,541
65$708,525$639,302$619,701$722,589
66$749,589$639,422$609,256$743,367
67$793,859$638,566$597,477$765,307
68$841,630$636,653$584,290$788,526
69$893,228$633,601$569,616$813,156
70$949,010$629,320$553,371$839,344
71$1,009,369$623,717$535,469$867,252
72$1,074,737$616,692$515,820$897,064
73$1,145,589$608,138$494,328$928,978
74$1,222,446$597,943$470,895$963,221
75$1,305,883$585,990$445,417$1,000,041
76$1,396,530$572,151$417,786$1,039,715
77$1,495,084$556,294$387,889$1,082,549
78$1,602,307$538,277$355,608$1,128,884
79$1,719,041$517,951$320,820$1,179,099
80$1,846,210$495,158$283,395$1,233,614
81$1,984,834$469,731$243,198$1,292,893
82$2,136,032$441,493$200,090$1,357,453
83$2,301,037$410,256$153,924$1,427,867
84$2,481,208$375,823$104,545$1,504,768
85$2,678,038$337,986$51,794$1,588,859
86$2,893,173$296,522$0$1,680,918
87$3,128,424$251,199$0$1,782,481
88$3,385,785$201,769$0$1,902,131
89$3,667,452$147,973$0$2,033,205
90$3,975,843$89,535$0$2,176,905
91$4,313,621$26,164$0$2,334,553
92$4,683,718$0$0$2,507,615
93$5,089,363$0$0$2,714,990
94$5,534,113$0$0$2,954,101
95$6,021,885$0$0$3,216,411
96$6,556,994$0$0$3,504,247
97$7,144,191$0$0$3,820,175
98$7,788,711$0$0$4,167,021
99$8,496,321$0$0$4,547,896
100$9,273,371$0$0$4,966,229