Can I retire at age 64 with 633,000?

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 $633,000?

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$52,273$51,807$51,353$50,909$50,476$50,032
2 years$25,877$25,396$24,928$24,476$24,036$23,589
3 years$17,080$16,596$16,130$15,682$15,250$14,813
4 years$12,683$12,200$11,739$11,298$10,876$10,453
5 years$10,045$9,565$9,110$8,678$8,268$7,860
6 years$8,287$7,811$7,362$6,940$6,542$6,150
7 years$7,031$6,559$6,118$5,706$5,320$4,944
8 years$6,090$5,622$5,188$4,786$4,414$4,053
9 years$5,359$4,895$4,469$4,077$3,717$3,372
10 years$4,774$4,315$3,896$3,514$3,167$2,837
11 years$4,296$3,841$3,430$3,058$2,724$2,409
12 years$3,897$3,448$3,044$2,683$2,360$2,061
13 years$3,561$3,116$2,720$2,368$2,058$1,773
14 years$3,272$2,832$2,444$2,102$1,804$1,533
15 years$3,023$2,587$2,206$1,875$1,589$1,331
16 years$2,804$2,374$2,000$1,679$1,404$1,160
17 years$2,612$2,186$1,820$1,508$1,245$1,014
18 years$2,441$2,020$1,662$1,359$1,107$888
19 years$2,289$1,872$1,521$1,228$987$780
20 years$2,151$1,740$1,396$1,112$881$686
21 years$2,027$1,621$1,284$1,010$789$605
22 years$1,915$1,513$1,183$918$707$534
23 years$1,812$1,415$1,093$836$635$472
24 years$1,718$1,326$1,011$763$570$417
25 years$1,632$1,244$936$696$513$370
26 years$1,552$1,169$868$637$462$327
27 years$1,479$1,100$806$583$417$290
28 years$1,411$1,037$749$534$376$258
29 years$1,348$978$697$490$340$229
30 years$1,289$924$650$449$307$203
31 years$1,233$873$606$413$277$181
32 years$1,182$826$565$379$251$161
33 years$1,134$782$528$349$227$143
34 years$1,088$742$493$321$206$127
35 years$1,046$703$461$295$186$113
36 years$1,005$668$431$272$169$101
37 years$967$634$403$251$153$90
38 years$932$603$378$231$139$80
39 years$898$573$354$213$126$71
40 years$865$545$332$197$114$63
41 years$835$519$311$181$103$57
42 years$806$494$292$167$94$50
43 years$778$471$274$154$85$45
44 years$752$449$257$143$77$40
45 years$727$428$241$132$70$36
46 years$703$408$227$122$64$32
47 years$680$390$213$112$58$28
48 years$659$372$200$104$53$25
49 years$638$355$188$96$48$23
50 years$618$339$177$89$43$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $633,000, adding $3,163 every year, while hoping to spend $40,811 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: 63/18/19 Blend
63$633,000$633,000$633,000$633,000
64$700,829$667,280$657,468$741,398
65$728,891$656,554$636,071$758,362
66$758,447$643,934$612,589$771,996
67$789,607$629,286$586,909$785,933
68$822,491$612,464$558,914$800,205
69$857,227$593,317$528,480$814,849
70$893,958$571,684$495,478$829,907
71$932,838$547,392$459,772$845,429
72$974,036$520,264$421,224$861,470
73$1,017,737$490,106$379,684$878,094
74$1,064,143$456,718$335,000$895,372
75$1,113,474$419,885$287,011$913,386
76$1,165,971$379,382$235,549$932,228
77$1,221,899$334,971$180,439$952,002
78$1,281,548$286,400$121,498$972,826
79$1,345,233$233,401$58,536$994,832
80$1,413,303$175,693$0$1,018,169
81$1,486,138$112,980$0$1,044,760
82$1,564,155$44,948$0$1,085,816
83$1,647,813$0$0$1,129,712
84$1,737,614$0$0$1,182,423
85$1,834,108$0$0$1,248,662
86$1,937,902$0$0$1,319,944
87$2,049,658$0$0$1,396,730
88$2,170,108$0$0$1,479,526
89$2,300,053$0$0$1,568,888
90$2,440,372$0$0$1,665,426
91$2,592,035$0$0$1,769,811
92$2,756,103$0$0$1,882,780
93$2,933,746$0$0$2,005,145
94$3,126,249$0$0$2,137,795
95$3,335,025$0$0$2,281,712
96$3,561,628$0$0$2,437,973
97$3,807,767$0$0$2,607,764
98$4,075,322$0$0$2,792,388
99$4,366,361$0$0$2,993,281
100$4,683,160$0$0$3,212,022