Can I retire at age 64 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$51,364$50,907$50,460$50,025$49,599$48,638
2 years$25,428$24,954$24,495$24,050$23,619$22,654
3 years$16,783$16,308$15,850$15,409$14,985$14,046
4 years$12,462$11,988$11,535$11,101$10,687$9,783
5 years$9,870$9,399$8,951$8,527$8,124$7,257
6 years$8,143$7,675$7,234$6,819$6,428$5,598
7 years$6,909$6,445$6,012$5,606$5,228$4,436
8 years$5,984$5,525$5,098$4,703$4,337$3,582
9 years$5,266$4,810$4,391$4,006$3,653$2,935
10 years$4,691$4,240$3,828$3,453$3,112$2,431
11 years$4,221$3,775$3,370$3,005$2,677$2,031
12 years$3,830$3,388$2,991$2,636$2,319$1,708
13 years$3,499$3,062$2,672$2,327$2,023$1,445
14 years$3,215$2,783$2,401$2,066$1,773$1,228
15 years$2,970$2,542$2,168$1,842$1,561$1,048
16 years$2,756$2,333$1,966$1,650$1,380$897
17 years$2,567$2,148$1,789$1,482$1,223$769
18 years$2,399$1,985$1,633$1,336$1,088$662
19 years$2,249$1,840$1,495$1,207$970$570
20 years$2,114$1,710$1,372$1,093$866$492
21 years$1,992$1,592$1,262$992$775$425
22 years$1,882$1,486$1,163$902$695$368
23 years$1,781$1,390$1,074$822$624$319
24 years$1,688$1,303$993$749$560$276
25 years$1,604$1,222$920$684$504$240
26 years$1,525$1,149$853$626$454$208
27 years$1,453$1,081$792$573$410$181
28 years$1,386$1,019$736$525$370$157
29 years$1,324$961$685$481$334$137
30 years$1,266$908$638$442$302$119
31 years$1,212$858$595$406$273$103
32 years$1,161$812$555$373$247$90
33 years$1,114$769$518$343$223$78
34 years$1,069$729$484$315$202$68
35 years$1,027$691$453$290$183$59
36 years$988$656$424$267$166$52
37 years$951$623$396$246$150$45
38 years$915$592$371$227$136$39
39 years$882$563$348$209$124$34
40 years$850$536$326$193$112$30
41 years$820$510$306$178$102$26
42 years$792$486$287$164$92$23
43 years$765$463$269$152$84$20
44 years$739$441$253$140$76$17
45 years$714$421$237$129$69$15
46 years$691$401$223$120$63$13
47 years$669$383$209$110$57$11
48 years$647$366$197$102$52$10
49 years$627$349$185$94$47$9
50 years$607$333$174$87$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $622,000, adding $4,803 every year, while hoping to spend $37,455 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: 32/38/30 Blend
63$622,000$622,000$622,000$622,000
64$690,398$657,432$647,791$706,072
65$720,967$649,795$629,640$710,926
66$753,399$640,527$609,626$712,540
67$787,843$629,511$587,647$713,560
68$824,465$616,620$563,595$713,961
69$863,446$601,718$537,360$713,717
70$904,980$584,666$508,825$712,806
71$949,286$565,312$477,868$711,207
72$996,599$543,498$444,362$708,900
73$1,047,177$519,055$408,174$705,868
74$1,101,306$491,806$369,165$702,098
75$1,159,297$461,562$327,189$697,579
76$1,221,491$428,124$282,096$692,306
77$1,288,263$391,282$233,726$686,277
78$1,360,024$350,813$181,914$679,499
79$1,437,226$306,483$126,488$671,983
80$1,520,365$258,042$67,267$663,749
81$1,609,986$205,229$4,064$654,827
82$1,706,685$147,767$0$645,256
83$1,811,121$85,362$0$655,377
84$1,924,016$17,705$0$667,673
85$2,046,163$0$0$680,991
86$2,178,435$0$0$718,721
87$2,321,791$0$0$767,716
88$2,477,286$0$0$820,942
89$2,646,079$0$0$878,806
90$2,829,447$0$0$941,758
91$3,028,792$0$0$1,010,291
92$3,245,659$0$0$1,084,947
93$3,481,746$0$0$1,166,323
94$3,738,923$0$0$1,255,077
95$4,019,245$0$0$1,351,933
96$4,324,978$0$0$1,457,686
97$4,658,612$0$0$1,573,213
98$5,022,890$0$0$1,699,480
99$5,420,831$0$0$1,837,548
100$5,855,759$0$0$1,988,588