Can I retire at age 64 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$50,951$50,497$50,055$49,622$49,200$48,425
2 years$25,223$24,754$24,298$23,857$23,429$22,650
3 years$16,649$16,177$15,723$15,285$14,864$14,106
4 years$12,362$11,892$11,442$11,012$10,601$9,869
5 years$9,791$9,323$8,880$8,458$8,059$7,355
6 years$8,077$7,613$7,176$6,764$6,377$5,702
7 years$6,854$6,393$5,963$5,561$5,186$4,541
8 years$5,936$5,480$5,057$4,665$4,302$3,686
9 years$5,223$4,772$4,356$3,974$3,623$3,036
10 years$4,653$4,206$3,798$3,425$3,087$2,529
11 years$4,187$3,744$3,343$2,981$2,655$2,125
12 years$3,799$3,361$2,967$2,615$2,301$1,798
13 years$3,471$3,037$2,651$2,309$2,006$1,530
14 years$3,190$2,761$2,382$2,049$1,759$1,308
15 years$2,946$2,522$2,150$1,828$1,549$1,123
16 years$2,734$2,314$1,950$1,636$1,369$967
17 years$2,546$2,131$1,774$1,470$1,213$835
18 years$2,380$1,969$1,620$1,325$1,079$723
19 years$2,231$1,825$1,483$1,197$962$627
20 years$2,097$1,696$1,361$1,084$859$545
21 years$1,976$1,580$1,252$984$769$474
22 years$1,866$1,474$1,154$895$689$413
23 years$1,766$1,379$1,065$815$619$360
24 years$1,675$1,292$985$743$556$314
25 years$1,591$1,213$912$679$500$275
26 years$1,513$1,140$846$621$451$240
27 years$1,442$1,072$786$568$406$210
28 years$1,375$1,011$730$520$367$184
29 years$1,313$953$680$477$331$161
30 years$1,256$900$633$438$299$141
31 years$1,202$851$590$402$270$124
32 years$1,152$805$551$370$245$108
33 years$1,105$763$514$340$221$95
34 years$1,061$723$480$313$200$83
35 years$1,019$686$449$288$182$73
36 years$980$651$420$265$164$64
37 years$943$618$393$244$149$56
38 years$908$587$368$225$135$50
39 years$875$559$345$208$123$43
40 years$844$531$323$192$111$38
41 years$814$506$303$177$101$34
42 years$786$482$284$163$92$29
43 years$759$459$267$151$83$26
44 years$733$438$251$139$75$23
45 years$709$417$235$128$68$20
46 years$685$398$221$119$62$18
47 years$663$380$208$110$56$15
48 years$642$363$195$101$51$14
49 years$622$346$183$94$47$12
50 years$602$331$172$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $617,000, adding $4,499 every year, while hoping to spend $23,771 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: 72/5/23 Blend
63$617,000$617,000$617,000$617,000
64$684,575$651,874$642,310$729,652
65$729,109$658,523$638,535$766,941
66$777,389$664,702$633,838$804,523
67$829,773$670,362$628,160$845,102
68$886,651$675,451$621,445$888,973
69$948,457$679,916$613,631$936,462
70$1,015,665$683,697$604,653$987,927
71$1,088,797$686,733$594,444$1,043,764
72$1,168,430$688,958$582,933$1,104,408
73$1,255,195$690,303$570,047$1,170,341
74$1,349,790$690,692$555,708$1,242,093
75$1,452,979$690,047$539,835$1,320,250
76$1,565,608$688,284$522,345$1,405,454
77$1,688,604$685,314$503,147$1,498,419
78$1,822,990$681,043$482,151$1,599,928
79$1,969,891$675,370$459,259$1,710,846
80$2,130,546$668,189$434,370$1,832,126
81$2,306,319$659,388$407,379$1,964,819
82$2,498,712$648,846$378,175$2,110,087
83$2,709,380$636,439$346,643$2,269,205
84$2,940,144$622,031$312,662$2,443,586
85$3,193,009$605,481$276,107$2,634,782
86$3,470,185$586,639$236,845$2,844,507
87$3,774,104$565,345$194,741$3,074,652
88$4,107,448$541,432$149,649$3,327,299
89$4,473,166$514,721$101,421$3,604,745
90$4,874,511$485,024$49,901$3,909,524
91$5,315,063$452,142$0$4,244,427
92$5,798,767$415,864$0$4,613,780
93$6,329,968$375,968$0$5,032,880
94$6,913,452$332,219$0$5,493,253
95$7,554,494$284,367$0$5,999,070
96$8,258,902$232,151$0$6,554,925
97$9,033,076$175,292$0$7,165,883
98$9,884,067$113,498$0$7,837,520
99$10,819,641$46,459$0$8,575,984
100$11,848,357$0$0$9,388,048