Can I retire at age 64 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$51,942$51,480$51,028$50,588$50,157$49,716
2 years$25,714$25,235$24,771$24,321$23,884$23,440
3 years$16,972$16,491$16,028$15,583$15,153$14,719
4 years$12,602$12,123$11,665$11,226$10,807$10,387
5 years$9,981$9,505$9,052$8,623$8,216$7,810
6 years$8,234$7,761$7,316$6,896$6,501$6,111
7 years$6,987$6,518$6,079$5,669$5,287$4,913
8 years$6,052$5,587$5,156$4,756$4,386$4,027
9 years$5,325$4,864$4,441$4,051$3,694$3,351
10 years$4,744$4,288$3,871$3,492$3,147$2,819
11 years$4,269$3,817$3,408$3,039$2,707$2,394
12 years$3,873$3,426$3,025$2,666$2,346$2,048
13 years$3,538$3,096$2,702$2,353$2,045$1,762
14 years$3,252$2,814$2,428$2,089$1,793$1,524
15 years$3,004$2,571$2,192$1,863$1,579$1,323
16 years$2,787$2,359$1,988$1,668$1,395$1,153
17 years$2,596$2,172$1,809$1,499$1,237$1,007
18 years$2,426$2,007$1,651$1,351$1,100$883
19 years$2,274$1,860$1,511$1,221$980$775
20 years$2,138$1,729$1,387$1,105$876$682
21 years$2,015$1,610$1,276$1,003$784$601
22 years$1,903$1,503$1,176$912$702$530
23 years$1,801$1,406$1,086$831$631$469
24 years$1,707$1,317$1,004$758$567$415
25 years$1,622$1,236$930$692$510$367
26 years$1,543$1,162$863$633$459$325
27 years$1,470$1,093$801$579$414$289
28 years$1,402$1,030$745$531$374$256
29 years$1,339$972$693$487$337$227
30 years$1,280$918$645$447$305$202
31 years$1,226$868$602$410$276$180
32 years$1,174$821$561$377$249$160
33 years$1,126$778$524$347$226$142
34 years$1,081$737$490$319$204$126
35 years$1,039$699$458$294$185$112
36 years$999$663$428$270$168$100
37 years$961$630$401$249$152$89
38 years$926$599$375$230$138$79
39 years$892$569$352$212$125$71
40 years$860$542$330$195$113$63
41 years$830$516$309$180$103$56
42 years$801$491$290$166$93$50
43 years$773$468$272$153$85$45
44 years$747$446$255$142$77$40
45 years$722$425$240$131$70$35
46 years$699$406$225$121$63$32
47 years$676$387$212$112$58$28
48 years$655$370$199$103$52$25
49 years$634$353$187$95$47$22
50 years$614$337$176$88$43$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $629,000, adding $2,266 every year, while hoping to spend $33,316 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: 59/23/18 Blend
63$629,000$629,000$629,000$629,000
64$695,495$662,158$652,409$733,143
65$730,988$659,156$638,817$755,894
66$768,984$654,890$623,652$776,835
67$809,704$649,264$606,828$798,912
68$853,390$642,173$588,253$822,241
69$900,305$633,510$567,829$846,950
70$950,743$623,158$545,458$873,182
71$1,005,020$610,994$521,032$901,095
72$1,063,489$596,890$494,444$930,865
73$1,126,535$580,707$465,578$962,689
74$1,194,580$562,301$434,313$996,785
75$1,268,090$541,516$400,525$1,033,393
76$1,347,575$518,190$364,083$1,072,784
77$1,433,597$492,151$324,849$1,115,254
78$1,526,774$463,216$282,681$1,161,135
79$1,627,783$431,191$237,429$1,210,794
80$1,737,371$395,874$188,937$1,264,638
81$1,856,359$357,049$137,043$1,323,118
82$1,985,650$314,486$81,576$1,386,735
83$2,126,237$267,947$22,359$1,456,044
84$2,279,212$217,175$0$1,531,659
85$2,445,778$161,903$0$1,622,104
86$2,627,258$101,846$0$1,725,382
87$2,825,106$36,705$0$1,838,071
88$3,040,926$0$0$1,961,133
89$3,276,481$0$0$2,104,199
90$3,533,712$0$0$2,270,623
91$3,814,756$0$0$2,452,504
92$4,121,965$0$0$2,651,371
93$4,457,931$0$0$2,868,906
94$4,825,503$0$0$3,106,964
95$5,227,823$0$0$3,367,584
96$5,668,349$0$0$3,653,015
97$6,150,888$0$0$3,965,730
98$6,679,633$0$0$4,308,456
99$7,259,203$0$0$4,684,194
100$7,894,684$0$0$5,096,250