Can I retire at age 64 with 631,000?

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 $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%20%
1 years$52,107$51,643$51,190$50,748$50,317$48,301
2 years$25,796$25,315$24,850$24,398$23,960$21,955
3 years$17,026$16,544$16,079$15,632$15,201$13,270
4 years$12,642$12,161$11,702$11,262$10,842$8,998
5 years$10,013$9,535$9,081$8,650$8,242$6,491
6 years$8,260$7,786$7,339$6,918$6,521$4,864
7 years$7,009$6,539$6,099$5,687$5,304$3,740
8 years$6,071$5,605$5,172$4,771$4,400$2,928
9 years$5,342$4,880$4,455$4,064$3,705$2,322
10 years$4,759$4,301$3,884$3,503$3,157$1,861
11 years$4,282$3,829$3,419$3,049$2,715$1,502
12 years$3,885$3,437$3,034$2,674$2,353$1,220
13 years$3,549$3,106$2,711$2,361$2,052$996
14 years$3,262$2,823$2,436$2,096$1,799$816
15 years$3,013$2,579$2,199$1,869$1,584$671
16 years$2,796$2,366$1,994$1,674$1,400$552
17 years$2,604$2,179$1,814$1,504$1,241$456
18 years$2,434$2,014$1,656$1,355$1,103$377
19 years$2,281$1,866$1,516$1,224$984$312
20 years$2,145$1,734$1,392$1,109$879$259
21 years$2,021$1,615$1,280$1,006$786$215
22 years$1,909$1,508$1,180$915$705$178
23 years$1,806$1,410$1,089$833$633$148
24 years$1,713$1,321$1,007$760$569$123
25 years$1,627$1,240$933$694$512$102
26 years$1,548$1,165$865$635$461$85
27 years$1,474$1,097$804$581$415$71
28 years$1,406$1,034$747$532$375$59
29 years$1,343$975$695$488$339$49
30 years$1,284$921$648$448$306$41
31 years$1,230$870$604$411$277$34
32 years$1,178$824$563$378$250$28
33 years$1,130$780$526$348$226$24
34 years$1,085$739$491$320$205$20
35 years$1,042$701$459$295$186$16
36 years$1,002$666$430$271$168$14
37 years$964$632$402$250$152$11
38 years$929$601$377$230$138$9
39 years$895$571$353$212$125$8
40 years$863$543$331$196$114$7
41 years$832$517$310$181$103$5
42 years$803$493$291$167$94$5
43 years$776$469$273$154$85$4
44 years$750$447$256$142$77$3
45 years$725$427$241$131$70$3
46 years$701$407$226$121$64$2
47 years$678$388$212$112$58$2
48 years$657$371$200$104$52$2
49 years$636$354$188$96$48$1
50 years$616$338$176$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $631,000, adding $3,258 every year, while hoping to spend $53,980 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: 38/42/20 Blend
63$631,000$631,000$631,000$631,000
64$698,723$665,280$655,499$720,976
65$712,558$640,444$620,024$712,510
66$725,995$612,582$581,551$698,028
67$738,937$581,489$539,924$681,268
68$751,274$546,948$494,977$662,052
69$762,884$508,728$446,538$640,194
70$773,630$466,587$394,429$615,492
71$783,359$420,269$338,461$587,730
72$791,902$369,502$278,439$556,678
73$799,068$313,999$214,159$522,087
74$804,646$253,459$145,407$483,692
75$808,401$187,560$71,959$441,207
76$810,073$115,965$0$394,327
77$809,370$38,317$0$344,092
78$805,971$0$0$305,257
79$799,517$0$0$283,272
80$789,613$0$0$277,501
81$775,817$0$0$270,049
82$757,642$0$0$260,711
83$734,549$0$0$249,259
84$705,938$0$0$235,440
85$671,147$0$0$218,975
86$629,444$0$0$199,556
87$580,016$0$0$176,841
88$521,968$0$0$150,453
89$454,307$0$0$119,973
90$375,936$0$0$84,941
91$285,643$0$0$44,846
92$182,088$0$0$0
93$63,791$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0