Can I retire at age 64 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$52,107$51,643$51,190$50,748$50,317$49,483
2 years$25,796$25,315$24,850$24,398$23,960$23,123
3 years$17,026$16,544$16,079$15,632$15,201$14,386
4 years$12,642$12,161$11,702$11,262$10,842$10,055
5 years$10,013$9,535$9,081$8,650$8,242$7,486
6 years$8,260$7,786$7,339$6,918$6,521$5,797
7 years$7,009$6,539$6,099$5,687$5,304$4,611
8 years$6,071$5,605$5,172$4,771$4,400$3,739
9 years$5,342$4,880$4,455$4,064$3,705$3,076
10 years$4,759$4,301$3,884$3,503$3,157$2,559
11 years$4,282$3,829$3,419$3,049$2,715$2,147
12 years$3,885$3,437$3,034$2,674$2,353$1,815
13 years$3,549$3,106$2,711$2,361$2,052$1,542
14 years$3,262$2,823$2,436$2,096$1,799$1,317
15 years$3,013$2,579$2,199$1,869$1,584$1,129
16 years$2,796$2,366$1,994$1,674$1,400$971
17 years$2,604$2,179$1,814$1,504$1,241$837
18 years$2,434$2,014$1,656$1,355$1,103$724
19 years$2,281$1,866$1,516$1,224$984$627
20 years$2,145$1,734$1,392$1,109$879$544
21 years$2,021$1,615$1,280$1,006$786$472
22 years$1,909$1,508$1,180$915$705$411
23 years$1,806$1,410$1,089$833$633$358
24 years$1,713$1,321$1,007$760$569$312
25 years$1,627$1,240$933$694$512$272
26 years$1,548$1,165$865$635$461$238
27 years$1,474$1,097$804$581$415$207
28 years$1,406$1,034$747$532$375$181
29 years$1,343$975$695$488$339$159
30 years$1,284$921$648$448$306$139
31 years$1,230$870$604$411$277$121
32 years$1,178$824$563$378$250$106
33 years$1,130$780$526$348$226$93
34 years$1,085$739$491$320$205$81
35 years$1,042$701$459$295$186$71
36 years$1,002$666$430$271$168$63
37 years$964$632$402$250$152$55
38 years$929$601$377$230$138$48
39 years$895$571$353$212$125$42
40 years$863$543$331$196$114$37
41 years$832$517$310$181$103$32
42 years$803$493$291$167$94$28
43 years$776$469$273$154$85$25
44 years$750$447$256$142$77$22
45 years$725$427$241$131$70$19
46 years$701$407$226$121$64$17
47 years$678$388$212$112$58$15
48 years$657$371$200$104$52$13
49 years$636$354$188$96$48$11
50 years$616$338$176$88$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $631,000, adding $6,996 every year, while hoping to spend $23,461 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$631,000$631,000$631,000$631,000
64$702,578$669,135$659,355$740,345
65$749,279$676,961$656,481$774,556
66$799,957$684,383$652,724$808,658
67$854,993$691,358$648,031$845,314
68$914,806$697,838$642,344$884,774
69$979,857$703,773$635,603$927,313
70$1,050,652$709,109$627,746$973,238
71$1,127,751$713,787$618,708$1,022,885
72$1,211,767$717,748$608,420$1,076,625
73$1,303,375$720,926$596,810$1,134,870
74$1,403,320$723,251$583,803$1,198,071
75$1,512,420$724,652$569,322$1,266,730
76$1,631,575$725,048$553,283$1,341,398
77$1,761,779$724,359$535,601$1,422,683
78$1,904,122$722,494$516,185$1,511,259
79$2,059,808$719,361$494,942$1,607,866
80$2,230,159$714,861$471,774$1,713,323
81$2,416,635$708,889$446,578$1,828,535
82$2,620,839$701,332$419,246$1,954,496
83$2,844,540$692,072$389,666$2,092,309
84$3,089,684$680,985$357,721$2,243,186
85$3,358,416$667,937$323,288$2,408,466
86$3,653,096$652,788$286,240$2,589,627
87$3,976,325$635,388$246,443$2,788,299
88$4,330,968$615,580$203,757$3,006,282
89$4,720,180$593,197$158,036$3,245,558
90$5,147,437$568,061$109,128$3,508,317
91$5,616,566$539,987$56,874$3,796,973
92$6,131,785$508,775$1,109$4,114,191
93$6,697,740$474,218$0$4,462,907
94$7,319,548$436,094$0$4,857,579
95$8,002,848$394,169$0$5,291,522
96$8,753,851$348,195$0$5,768,501
97$9,579,399$297,912$0$6,292,901
98$10,487,033$243,045$0$6,869,558
99$11,485,056$183,300$0$7,503,801
100$12,582,621$118,371$0$8,201,505