Can I retire at age 64 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,694$51,234$50,785$50,346$49,918$49,666
2 years$25,591$25,115$24,653$24,205$23,771$23,516
3 years$16,891$16,413$15,952$15,508$15,081$14,832
4 years$12,542$12,065$11,609$11,173$10,756$10,514
5 years$9,934$9,459$9,009$8,582$8,176$7,943
6 years$8,195$7,724$7,281$6,863$6,470$6,245
7 years$6,954$6,487$6,050$5,642$5,262$5,045
8 years$6,023$5,560$5,131$4,733$4,365$4,157
9 years$5,299$4,841$4,419$4,032$3,676$3,477
10 years$4,721$4,267$3,853$3,475$3,132$2,942
11 years$4,248$3,799$3,392$3,025$2,694$2,512
12 years$3,854$3,410$3,010$2,653$2,334$2,160
13 years$3,521$3,081$2,690$2,342$2,036$1,870
14 years$3,236$2,801$2,417$2,079$1,784$1,626
15 years$2,989$2,559$2,182$1,854$1,571$1,421
16 years$2,773$2,348$1,978$1,660$1,389$1,246
17 years$2,583$2,162$1,800$1,492$1,231$1,095
18 years$2,414$1,998$1,643$1,344$1,095$966
19 years$2,263$1,852$1,504$1,215$976$854
20 years$2,128$1,721$1,381$1,100$872$756
21 years$2,005$1,603$1,270$998$780$671
22 years$1,894$1,496$1,170$908$699$596
23 years$1,792$1,399$1,081$827$628$530
24 years$1,699$1,311$999$754$564$472
25 years$1,614$1,230$926$689$508$421
26 years$1,535$1,156$858$630$457$376
27 years$1,463$1,088$797$576$412$336
28 years$1,395$1,025$741$528$372$300
29 years$1,333$967$690$484$336$268
30 years$1,274$914$642$444$303$240
31 years$1,220$864$599$408$274$215
32 years$1,169$817$559$375$248$193
33 years$1,121$774$522$345$225$173
34 years$1,076$733$487$317$203$155
35 years$1,034$696$456$292$184$139
36 years$994$660$426$269$167$124
37 years$957$627$399$248$151$112
38 years$921$596$374$229$137$100
39 years$888$567$350$211$124$90
40 years$856$539$328$194$113$81
41 years$826$513$308$179$102$73
42 years$797$489$289$165$93$65
43 years$770$466$271$153$84$59
44 years$744$444$254$141$76$53
45 years$719$423$239$130$69$47
46 years$695$404$224$120$63$42
47 years$673$385$211$111$57$38
48 years$651$368$198$103$52$34
49 years$631$351$186$95$47$31
50 years$611$336$175$88$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $626,000, adding $5,614 every year, while hoping to spend $39,614 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: 85/5/10 Blend
63$626,000$626,000$626,000$626,000
64$695,643$662,465$652,762$753,282
65$724,449$652,777$632,480$782,096
66$754,867$641,286$610,192$807,804
67$787,017$627,863$585,787$834,819
68$821,034$612,369$559,152$863,248
69$857,063$594,659$530,168$893,207
70$895,264$574,579$498,709$924,825
71$935,812$551,963$464,646$958,243
72$978,896$526,641$427,843$993,616
73$1,024,725$498,428$388,158$1,031,115
74$1,073,527$467,131$345,441$1,070,929
75$1,125,552$432,546$299,538$1,113,265
76$1,181,073$394,455$250,287$1,158,351
77$1,240,389$352,630$197,519$1,206,438
78$1,303,829$306,829$141,057$1,257,803
79$1,371,754$256,798$80,716$1,312,751
80$1,444,557$202,265$16,304$1,371,618
81$1,522,671$142,946$0$1,434,774
82$1,606,573$78,539$0$1,508,221
83$1,696,783$8,728$0$1,589,035
84$1,793,874$0$0$1,675,993
85$1,898,476$0$0$1,773,341
86$2,011,277$0$0$1,878,846
87$2,133,038$0$0$1,992,739
88$2,264,592$0$0$2,115,799
89$2,406,855$0$0$2,248,885
90$2,560,834$0$0$2,392,940
91$2,727,636$0$0$2,549,001
92$2,908,478$0$0$2,718,207
93$3,104,698$0$0$2,901,812
94$3,317,769$0$0$3,101,195
95$3,549,309$0$0$3,317,873
96$3,801,100$0$0$3,553,512
97$4,075,101$0$0$3,809,949
98$4,373,469$0$0$4,089,203
99$4,698,575$0$0$4,393,496
100$5,053,031$0$0$4,725,274