Can I retire at age 64 with 622,000?

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 $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%13.8%
1 years$51,364$50,907$50,460$50,025$49,599$48,818
2 years$25,428$24,954$24,495$24,050$23,619$22,833
3 years$16,783$16,308$15,850$15,409$14,985$14,220
4 years$12,462$11,988$11,535$11,101$10,687$9,949
5 years$9,870$9,399$8,951$8,527$8,124$7,415
6 years$8,143$7,675$7,234$6,819$6,428$5,748
7 years$6,909$6,445$6,012$5,606$5,228$4,578
8 years$5,984$5,525$5,098$4,703$4,337$3,716
9 years$5,266$4,810$4,391$4,006$3,653$3,061
10 years$4,691$4,240$3,828$3,453$3,112$2,549
11 years$4,221$3,775$3,370$3,005$2,677$2,142
12 years$3,830$3,388$2,991$2,636$2,319$1,812
13 years$3,499$3,062$2,672$2,327$2,023$1,542
14 years$3,215$2,783$2,401$2,066$1,773$1,319
15 years$2,970$2,542$2,168$1,842$1,561$1,132
16 years$2,756$2,333$1,966$1,650$1,380$975
17 years$2,567$2,148$1,789$1,482$1,223$842
18 years$2,399$1,985$1,633$1,336$1,088$729
19 years$2,249$1,840$1,495$1,207$970$632
20 years$2,114$1,710$1,372$1,093$866$549
21 years$1,992$1,592$1,262$992$775$478
22 years$1,882$1,486$1,163$902$695$416
23 years$1,781$1,390$1,074$822$624$363
24 years$1,688$1,303$993$749$560$317
25 years$1,604$1,222$920$684$504$277
26 years$1,525$1,149$853$626$454$242
27 years$1,453$1,081$792$573$410$212
28 years$1,386$1,019$736$525$370$185
29 years$1,324$961$685$481$334$162
30 years$1,266$908$638$442$302$142
31 years$1,212$858$595$406$273$125
32 years$1,161$812$555$373$247$109
33 years$1,114$769$518$343$223$96
34 years$1,069$729$484$315$202$84
35 years$1,027$691$453$290$183$74
36 years$988$656$424$267$166$65
37 years$951$623$396$246$150$57
38 years$915$592$371$227$136$50
39 years$882$563$348$209$124$44
40 years$850$536$326$193$112$38
41 years$820$510$306$178$102$34
42 years$792$486$287$164$92$30
43 years$765$463$269$152$84$26
44 years$739$441$253$140$76$23
45 years$714$421$237$129$69$20
46 years$691$401$223$120$63$18
47 years$669$383$209$110$57$16
48 years$647$366$197$102$52$14
49 years$627$349$185$94$47$12
50 years$607$333$174$87$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $622,000, adding $5,482 every year, while hoping to spend $43,543 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: 54/21/25 Blend
63$622,000$622,000$622,000$622,000
64$691,099$658,133$648,492$723,376
65$715,261$644,052$623,887$732,129
66$740,429$627,822$596,998$736,691
67$766,659$609,291$567,703$740,760
68$794,011$588,299$535,875$744,303
69$822,552$564,677$501,378$747,288
70$852,351$538,246$464,073$749,682
71$883,486$508,815$423,815$751,450
72$916,039$476,184$380,450$752,559
73$950,099$440,141$333,819$752,973
74$985,763$400,461$283,756$752,657
75$1,023,135$356,909$230,086$751,578
76$1,062,329$309,231$172,628$749,700
77$1,103,469$257,165$111,193$746,990
78$1,146,687$200,431$45,582$743,414
79$1,192,129$138,732$0$738,941
80$1,239,953$71,757$0$740,058
81$1,290,332$0$0$753,620
82$1,343,453$0$0$767,678
83$1,399,519$0$0$800,041
84$1,458,753$0$0$834,257
85$1,521,399$0$0$870,471
86$1,587,721$0$0$908,839
87$1,658,008$0$0$949,532
88$1,732,578$0$0$992,738
89$1,811,775$0$0$1,038,661
90$1,895,978$0$0$1,087,525
91$1,985,602$0$0$1,139,575
92$2,081,098$0$0$1,195,079
93$2,182,963$0$0$1,254,332
94$2,291,741$0$0$1,317,655
95$2,408,027$0$0$1,385,402
96$2,532,473$0$0$1,457,959
97$2,665,797$0$0$1,535,752
98$2,808,782$0$0$1,619,245
99$2,962,290$0$0$1,708,950
100$3,127,267$0$0$1,805,428