Can I retire at age 64 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$51,034$50,579$50,136$49,703$49,280$48,544
2 years$25,264$24,794$24,338$23,896$23,467$22,726
3 years$16,676$16,203$15,748$15,310$14,888$14,167
4 years$12,382$11,911$11,461$11,030$10,618$9,922
5 years$9,807$9,338$8,894$8,472$8,072$7,402
6 years$8,090$7,625$7,188$6,775$6,387$5,745
7 years$6,865$6,404$5,973$5,570$5,194$4,580
8 years$5,946$5,489$5,066$4,673$4,309$3,723
9 years$5,232$4,779$4,363$3,980$3,629$3,070
10 years$4,661$4,213$3,804$3,431$3,092$2,560
11 years$4,194$3,750$3,349$2,986$2,659$2,153
12 years$3,805$3,366$2,972$2,619$2,305$1,824
13 years$3,476$3,042$2,655$2,312$2,010$1,554
14 years$3,195$2,765$2,386$2,053$1,762$1,331
15 years$2,951$2,526$2,154$1,831$1,551$1,144
16 years$2,738$2,318$1,953$1,639$1,371$987
17 years$2,550$2,134$1,777$1,473$1,215$853
18 years$2,383$1,972$1,622$1,327$1,081$740
19 years$2,234$1,828$1,485$1,199$963$642
20 years$2,100$1,699$1,363$1,086$860$559
21 years$1,979$1,582$1,254$986$770$487
22 years$1,869$1,477$1,155$896$690$425
23 years$1,769$1,381$1,067$816$620$371
24 years$1,678$1,294$987$744$557$325
25 years$1,593$1,215$914$680$501$284
26 years$1,516$1,141$848$622$451$249
27 years$1,444$1,074$787$569$407$218
28 years$1,377$1,012$732$521$367$191
29 years$1,316$955$681$478$332$168
30 years$1,258$902$634$439$300$147
31 years$1,204$853$591$403$271$129
32 years$1,154$807$552$370$245$113
33 years$1,107$764$515$341$222$100
34 years$1,062$724$481$313$201$88
35 years$1,021$687$450$288$182$77
36 years$982$652$421$266$165$68
37 years$944$619$394$245$149$60
38 years$909$588$369$226$135$52
39 years$876$559$346$208$123$46
40 years$845$532$324$192$111$40
41 years$815$507$304$177$101$36
42 years$787$483$285$163$92$31
43 years$760$460$267$151$83$28
44 years$734$438$251$139$76$24
45 years$710$418$236$129$69$21
46 years$687$399$221$119$62$19
47 years$664$380$208$110$57$17
48 years$643$363$195$101$51$15
49 years$623$347$184$94$47$13
50 years$603$331$173$87$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $618,000, adding $6,360 every year, while hoping to spend $21,742 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: 66/23/11 Blend
63$618,000$618,000$618,000$618,000
64$687,596$654,842$645,263$730,913
65$734,598$663,796$643,746$769,529
66$785,665$672,460$641,450$808,561
67$841,189$680,797$638,325$850,663
68$901,601$688,767$634,320$896,133
69$967,376$696,328$629,381$945,301
70$1,039,034$703,434$623,451$998,528
71$1,117,151$710,038$616,472$1,056,214
72$1,202,358$716,088$608,382$1,118,798
73$1,295,351$721,528$599,115$1,186,767
74$1,396,895$726,301$588,603$1,260,656
75$1,507,834$730,345$576,776$1,341,054
76$1,629,094$733,593$563,560$1,428,612
77$1,761,698$735,976$548,875$1,524,047
78$1,906,770$737,418$532,642$1,628,151
79$2,065,549$737,840$514,774$1,741,794
80$2,239,399$737,158$495,183$1,865,939
81$2,429,821$735,282$473,775$2,001,646
82$2,638,469$732,117$450,452$2,150,084
83$2,867,165$727,562$425,114$2,312,541
84$3,117,914$721,511$397,654$2,490,439
85$3,392,926$713,850$367,960$2,685,344
86$3,694,634$704,459$335,917$2,898,986
87$4,025,719$693,209$301,402$3,133,267
88$4,389,133$679,967$264,289$3,390,290
89$4,788,128$664,588$224,446$3,672,369
90$5,226,286$646,923$181,735$3,982,059
91$5,707,555$626,809$136,010$4,322,174
92$6,236,280$604,078$87,121$4,695,819
93$6,817,252$578,549$34,911$5,106,415
94$7,455,747$550,033$0$5,557,736
95$8,157,577$518,328$0$6,056,383
96$8,929,146$483,222$0$6,609,033
97$9,777,509$444,490$0$7,216,659
98$10,710,439$401,894$0$7,884,859
99$11,736,500$355,183$0$8,619,800
100$12,865,127$304,092$0$9,428,281