Can I retire at age 64 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$50,704$50,252$49,811$49,381$48,961$48,111
2 years$25,101$24,633$24,180$23,741$23,315$22,461
3 years$16,568$16,098$15,646$15,211$14,792$13,961
4 years$12,302$11,834$11,386$10,959$10,550$9,748
5 years$9,743$9,278$8,836$8,417$8,020$7,250
6 years$8,038$7,576$7,141$6,731$6,346$5,608
7 years$6,820$6,362$5,934$5,534$5,161$4,456
8 years$5,907$5,454$5,033$4,643$4,281$3,609
9 years$5,198$4,748$4,335$3,954$3,606$2,966
10 years$4,631$4,186$3,779$3,409$3,072$2,464
11 years$4,167$3,726$3,327$2,967$2,642$2,065
12 years$3,780$3,344$2,953$2,602$2,290$1,743
13 years$3,454$3,022$2,638$2,297$1,997$1,479
14 years$3,174$2,747$2,370$2,039$1,750$1,261
15 years$2,932$2,510$2,140$1,819$1,541$1,080
16 years$2,720$2,303$1,940$1,628$1,362$927
17 years$2,534$2,121$1,766$1,463$1,208$798
18 years$2,368$1,959$1,612$1,319$1,074$689
19 years$2,220$1,816$1,475$1,191$957$596
20 years$2,087$1,688$1,354$1,079$855$516
21 years$1,967$1,572$1,246$979$765$448
22 years$1,857$1,467$1,148$890$686$389
23 years$1,758$1,372$1,060$811$616$338
24 years$1,667$1,286$980$740$553$294
25 years$1,583$1,207$908$675$498$256
26 years$1,506$1,134$842$618$448$223
27 years$1,435$1,067$782$565$404$195
28 years$1,368$1,006$727$518$365$170
29 years$1,307$949$676$475$329$148
30 years$1,250$896$630$436$298$130
31 years$1,196$847$587$400$269$113
32 years$1,146$801$548$368$243$99
33 years$1,100$759$512$338$220$86
34 years$1,056$719$478$311$199$76
35 years$1,014$682$447$287$181$66
36 years$975$648$418$264$164$58
37 years$938$615$391$243$148$51
38 years$904$585$367$224$134$44
39 years$871$556$343$207$122$39
40 years$839$529$322$191$111$34
41 years$810$503$302$176$100$30
42 years$782$479$283$162$91$26
43 years$755$457$266$150$83$23
44 years$730$435$249$138$75$20
45 years$705$415$234$128$68$17
46 years$682$396$220$118$62$15
47 years$660$378$207$109$56$13
48 years$639$361$194$101$51$12
49 years$619$345$182$93$46$10
50 years$599$329$172$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $614,000, adding $6,628 every year, while hoping to spend $24,648 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: 64/29/7 Blend
63$614,000$614,000$614,000$614,000
64$683,465$650,923$641,406$725,894
65$726,953$656,593$636,668$760,653
66$774,051$661,714$630,945$795,082
67$825,100$666,235$624,178$832,042
68$880,478$670,098$616,305$871,776
69$940,598$673,244$607,262$914,554
70$1,005,915$675,608$596,981$960,673
71$1,076,929$677,124$585,391$1,010,460
72$1,154,192$677,719$572,418$1,064,275
73$1,238,309$677,317$557,983$1,122,519
74$1,329,947$675,836$542,007$1,185,630
75$1,429,840$673,191$524,403$1,254,094
76$1,538,796$669,290$505,082$1,328,446
77$1,657,704$664,035$483,953$1,409,277
78$1,787,541$657,325$460,917$1,497,239
79$1,929,386$649,049$435,873$1,593,051
80$2,084,424$639,093$408,715$1,697,507
81$2,253,960$627,333$379,332$1,811,481
82$2,439,431$613,640$347,608$1,935,941
83$2,642,422$597,877$313,421$2,071,952
84$2,864,673$579,897$276,645$2,220,690
85$3,108,105$559,548$237,148$2,383,452
86$3,374,831$536,665$194,792$2,561,668
87$3,667,179$511,076$149,432$2,756,919
88$3,987,712$482,599$100,918$2,970,946
89$4,339,253$451,041$49,094$3,205,669
90$4,724,912$416,198$0$3,463,209
91$5,148,115$377,854$0$3,746,367
92$5,612,635$335,780$0$4,061,202
93$6,122,626$289,736$0$4,406,900
94$6,682,669$239,468$0$4,786,613
95$7,297,805$184,705$0$5,203,816
96$7,973,590$125,165$0$5,662,341
97$8,716,145$60,547$0$6,166,413
98$9,532,211$0$0$6,720,691
99$10,429,218$0$0$7,333,332
100$11,415,348$0$0$8,028,131