Can I retire at age 64 with 608,000?

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 $608,000?

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$50,208$49,761$49,325$48,899$48,483$46,633
2 years$24,855$24,393$23,944$23,509$23,087$21,245
3 years$16,406$15,941$15,493$15,062$14,647$12,871
4 years$12,182$11,718$11,275$10,852$10,447$8,750
5 years$9,648$9,187$8,750$8,335$7,941$6,328
6 years$7,959$7,502$7,071$6,666$6,284$4,756
7 years$6,754$6,300$5,876$5,480$5,110$3,667
8 years$5,850$5,400$4,984$4,597$4,240$2,879
9 years$5,147$4,702$4,292$3,916$3,570$2,291
10 years$4,585$4,145$3,742$3,375$3,042$1,841
11 years$4,126$3,690$3,295$2,938$2,616$1,492
12 years$3,743$3,312$2,924$2,577$2,267$1,216
13 years$3,420$2,993$2,612$2,275$1,977$996
14 years$3,143$2,720$2,347$2,019$1,733$818
15 years$2,903$2,485$2,119$1,801$1,526$675
16 years$2,694$2,280$1,921$1,613$1,349$558
17 years$2,509$2,100$1,748$1,449$1,196$462
18 years$2,345$1,940$1,596$1,306$1,063$384
19 years$2,198$1,798$1,461$1,180$948$319
20 years$2,066$1,671$1,341$1,069$846$265
21 years$1,947$1,557$1,233$970$758$221
22 years$1,839$1,453$1,137$882$679$184
23 years$1,741$1,359$1,050$803$610$154
24 years$1,650$1,273$971$732$548$128
25 years$1,568$1,195$899$669$493$107
26 years$1,491$1,123$834$612$444$89
27 years$1,421$1,057$774$560$400$75
28 years$1,355$996$720$513$361$62
29 years$1,294$939$670$470$326$52
30 years$1,238$887$624$432$295$44
31 years$1,185$839$582$396$266$36
32 years$1,135$794$543$364$241$31
33 years$1,089$752$507$335$218$26
34 years$1,045$712$473$308$198$21
35 years$1,004$676$443$284$179$18
36 years$966$641$414$261$162$15
37 years$929$609$388$241$147$12
38 years$895$579$363$222$133$10
39 years$862$550$340$205$121$9
40 years$831$524$319$189$110$7
41 years$802$498$299$174$99$6
42 years$774$475$280$161$90$5
43 years$748$452$263$148$82$4
44 years$722$431$247$137$74$4
45 years$698$411$232$127$67$3
46 years$675$392$218$117$61$3
47 years$654$374$205$108$56$2
48 years$633$357$192$100$50$2
49 years$613$341$181$92$46$1
50 years$594$326$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $608,000, adding $3,315 every year, while hoping to spend $48,435 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: 53/33/14 Blend
63$608,000$608,000$608,000$608,000
64$673,435$641,211$631,787$706,452
65$690,591$621,096$601,418$709,232
66$707,874$598,372$568,408$706,805
67$725,245$572,860$532,617$703,066
68$742,660$544,371$493,900$697,903
69$760,070$512,704$452,105$691,195
70$777,419$477,648$407,071$682,814
71$794,641$438,978$358,634$672,620
72$811,665$396,458$306,618$660,464
73$828,408$349,838$250,843$646,186
74$844,778$298,852$191,119$629,612
75$860,672$243,223$127,248$610,557
76$875,974$182,654$59,024$588,821
77$890,553$116,834$0$564,190
78$904,264$45,433$0$538,491
79$916,944$0$0$518,958
80$928,411$0$0$508,115
81$938,463$0$0$512,911
82$946,874$0$0$516,715
83$953,393$0$0$519,378
84$957,740$0$0$520,737
85$959,603$0$0$520,608
86$958,638$0$0$518,789
87$954,462$0$0$515,054
88$946,647$0$0$509,154
89$934,723$0$0$500,812
90$918,165$0$0$489,720
91$896,393$0$0$475,538
92$868,765$0$0$457,889
93$834,568$0$0$436,356
94$793,015$0$0$410,477
95$743,233$0$0$379,742
96$684,257$0$0$343,584
97$615,020$0$0$301,380
98$534,341$0$0$252,437
99$440,915$0$0$195,991
100$333,300$0$0$131,200