Can I retire at age 64 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$51,116$50,661$50,217$49,783$49,360$47,780
2 years$25,305$24,834$24,377$23,934$23,505$21,927
3 years$16,703$16,229$15,774$15,335$14,912$13,387
4 years$12,402$11,930$11,479$11,048$10,636$9,175
5 years$9,822$9,353$8,908$8,486$8,085$6,692
6 years$8,103$7,638$7,199$6,786$6,397$5,073
7 years$6,876$6,414$5,983$5,579$5,203$3,947
8 years$5,956$5,498$5,074$4,680$4,316$3,129
9 years$5,240$4,787$4,370$3,987$3,635$2,514
10 years$4,668$4,220$3,810$3,437$3,097$2,041
11 years$4,201$3,756$3,354$2,991$2,664$1,671
12 years$3,811$3,372$2,977$2,623$2,308$1,376
13 years$3,482$3,047$2,659$2,316$2,013$1,140
14 years$3,200$2,770$2,390$2,056$1,764$947
15 years$2,956$2,530$2,157$1,833$1,554$790
16 years$2,742$2,321$1,956$1,642$1,373$661
17 years$2,554$2,138$1,780$1,475$1,217$554
18 years$2,387$1,975$1,625$1,329$1,082$465
19 years$2,238$1,831$1,487$1,201$965$392
20 years$2,104$1,701$1,365$1,088$862$330
21 years$1,983$1,585$1,256$987$771$278
22 years$1,872$1,479$1,157$898$691$235
23 years$1,772$1,384$1,069$818$621$198
24 years$1,680$1,296$988$746$558$168
25 years$1,596$1,216$915$681$502$142
26 years$1,518$1,143$849$623$452$120
27 years$1,446$1,076$788$570$408$101
28 years$1,380$1,014$733$522$368$86
29 years$1,318$956$682$479$332$73
30 years$1,260$903$635$439$300$62
31 years$1,206$854$592$404$271$52
32 years$1,156$808$553$371$245$44
33 years$1,109$765$516$341$222$38
34 years$1,064$725$482$314$201$32
35 years$1,022$688$451$289$182$27
36 years$983$653$422$266$165$23
37 years$946$620$395$245$150$19
38 years$911$589$370$226$136$16
39 years$878$560$346$208$123$14
40 years$846$533$324$192$112$12
41 years$816$507$304$177$101$10
42 years$788$483$285$164$92$8
43 years$761$461$268$151$83$7
44 years$735$439$251$139$76$6
45 years$711$419$236$129$69$5
46 years$688$399$222$119$62$4
47 years$665$381$208$110$57$4
48 years$644$364$196$102$51$3
49 years$624$347$184$94$47$3
50 years$604$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $619,000, adding $6,741 every year, while hoping to spend $47,027 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: 66/26/8 Blend
63$619,000$619,000$619,000$619,000
64$689,091$656,284$646,690$733,078
65$709,342$638,406$618,318$745,300
66$730,083$618,075$587,419$752,416
67$751,313$595,123$553,859$758,957
68$773,031$569,368$517,498$764,861
69$795,235$540,622$478,189$770,063
70$817,920$508,683$435,779$774,493
71$841,078$473,339$390,107$778,072
72$864,699$434,364$341,008$780,720
73$888,772$391,521$288,304$782,348
74$913,280$344,559$231,816$782,861
75$938,204$293,212$171,351$782,158
76$963,521$237,199$106,712$780,128
77$989,204$176,225$37,690$776,654
78$1,015,219$109,977$0$771,609
79$1,041,529$38,124$0$767,927
80$1,068,090$0$0$766,024
81$1,094,849$0$0$773,896
82$1,121,750$0$0$792,755
83$1,148,724$0$0$811,646
84$1,175,695$0$0$830,511
85$1,202,576$0$0$849,287
86$1,229,268$0$0$867,902
87$1,255,659$0$0$886,272
88$1,281,624$0$0$904,307
89$1,307,021$0$0$921,901
90$1,331,690$0$0$938,939
91$1,355,454$0$0$955,290
92$1,378,111$0$0$970,806
93$1,399,437$0$0$985,324
94$1,419,183$0$0$998,662
95$1,437,069$0$0$1,010,614
96$1,452,782$0$0$1,020,953
97$1,465,976$0$0$1,029,425
98$1,476,264$0$0$1,035,748
99$1,483,215$0$0$1,039,607
100$1,486,350$0$0$1,040,654