Can I retire at age 64 with 612,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$50,538$50,088$49,649$49,220$48,802$48,413
2 years$25,019$24,553$24,101$23,664$23,239$22,847
3 years$16,514$16,046$15,595$15,162$14,744$14,361
4 years$12,262$11,795$11,349$10,923$10,515$10,145
5 years$9,711$9,248$8,808$8,390$7,994$7,636
6 years$8,012$7,551$7,118$6,709$6,325$5,981
7 years$6,798$6,342$5,915$5,516$5,144$4,813
8 years$5,888$5,436$5,016$4,627$4,267$3,951
9 years$5,181$4,733$4,321$3,942$3,594$3,290
10 years$4,615$4,172$3,767$3,398$3,062$2,772
11 years$4,153$3,714$3,316$2,957$2,633$2,357
12 years$3,768$3,333$2,943$2,594$2,282$2,018
13 years$3,443$3,012$2,629$2,290$1,990$1,739
14 years$3,164$2,738$2,363$2,033$1,744$1,506
15 years$2,922$2,501$2,133$1,813$1,536$1,309
16 years$2,711$2,295$1,934$1,623$1,357$1,142
17 years$2,525$2,114$1,760$1,458$1,204$1,000
18 years$2,360$1,953$1,606$1,314$1,070$877
19 years$2,213$1,810$1,471$1,188$954$771
20 years$2,080$1,682$1,350$1,076$852$680
21 years$1,960$1,567$1,241$976$762$600
22 years$1,851$1,463$1,144$888$683$530
23 years$1,752$1,368$1,056$808$614$469
24 years$1,661$1,282$977$737$551$416
25 years$1,578$1,203$905$673$496$369
26 years$1,501$1,130$839$616$447$327
27 years$1,430$1,064$779$563$403$291
28 years$1,364$1,002$725$516$364$258
29 years$1,303$946$674$473$328$230
30 years$1,246$893$628$434$297$205
31 years$1,193$844$585$399$268$182
32 years$1,143$799$546$367$243$162
33 years$1,096$757$510$337$220$145
34 years$1,052$717$477$310$199$129
35 years$1,011$680$446$286$180$115
36 years$972$645$417$263$163$102
37 years$935$613$390$242$148$91
38 years$901$583$365$223$134$81
39 years$868$554$342$206$122$73
40 years$837$527$321$190$110$65
41 years$807$502$301$175$100$58
42 years$779$478$282$162$91$52
43 years$753$455$265$149$82$46
44 years$727$434$249$138$75$41
45 years$703$414$233$127$68$37
46 years$680$395$219$118$62$33
47 years$658$377$206$109$56$29
48 years$637$360$194$100$51$26
49 years$617$343$182$93$46$23
50 years$598$328$171$86$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $612,000, adding $3,155 every year, while hoping to spend $35,441 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: 46/36/18 Blend
63$612,000$612,000$612,000$612,000
64$677,678$645,242$635,756$705,238
65$709,093$639,150$619,345$718,701
66$742,523$631,572$601,197$729,493
67$778,139$622,397$581,215$740,452
68$816,123$611,508$559,299$751,607
69$856,678$598,783$535,346$762,995
70$900,025$584,089$509,246$774,659
71$946,406$567,288$480,885$786,648
72$996,087$548,233$450,142$799,019
73$1,049,360$526,768$416,894$811,837
74$1,106,545$502,730$381,010$825,179
75$1,167,992$475,943$342,353$839,131
76$1,234,087$446,224$300,782$853,794
77$1,305,252$413,378$256,147$869,280
78$1,381,954$377,199$208,293$885,718
79$1,464,701$337,470$157,059$903,255
80$1,554,054$293,960$102,274$922,057
81$1,650,631$246,426$43,763$942,312
82$1,755,107$194,613$0$964,231
83$1,868,227$138,248$0$991,642
84$1,990,809$77,046$0$1,030,429
85$2,123,754$10,703$0$1,072,521
86$2,268,050$0$0$1,118,297
87$2,424,786$0$0$1,192,387
88$2,595,160$0$0$1,277,593
89$2,780,487$0$0$1,370,344
90$2,982,217$0$0$1,471,372
91$3,201,944$0$0$1,581,485
92$3,441,424$0$0$1,701,570
93$3,702,585$0$0$1,832,605
94$3,987,555$0$0$1,975,666
95$4,298,672$0$0$2,131,937
96$4,638,510$0$0$2,302,723
97$5,009,906$0$0$2,489,459
98$5,415,979$0$0$2,693,726
99$5,860,166$0$0$2,917,263
100$6,346,251$0$0$3,161,988