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%11%
1 years$52,273$51,807$51,353$50,909$50,476$50,264
2 years$25,877$25,396$24,928$24,476$24,036$23,822
3 years$17,080$16,596$16,130$15,682$15,250$15,040
4 years$12,683$12,200$11,739$11,298$10,876$10,672
5 years$10,045$9,565$9,110$8,678$8,268$8,071
6 years$8,287$7,811$7,362$6,940$6,542$6,352
7 years$7,031$6,559$6,118$5,706$5,320$5,138
8 years$6,090$5,622$5,188$4,786$4,414$4,238
9 years$5,359$4,895$4,469$4,077$3,717$3,549
10 years$4,774$4,315$3,896$3,514$3,167$3,006
11 years$4,296$3,841$3,430$3,058$2,724$2,570
12 years$3,897$3,448$3,044$2,683$2,360$2,213
13 years$3,561$3,116$2,720$2,368$2,058$1,918
14 years$3,272$2,832$2,444$2,102$1,804$1,670
15 years$3,023$2,587$2,206$1,875$1,589$1,461
16 years$2,804$2,374$2,000$1,679$1,404$1,283
17 years$2,612$2,186$1,820$1,508$1,245$1,129
18 years$2,441$2,020$1,662$1,359$1,107$997
19 years$2,289$1,872$1,521$1,228$987$883
20 years$2,151$1,740$1,396$1,112$881$783
21 years$2,027$1,621$1,284$1,010$789$696
22 years$1,915$1,513$1,183$918$707$619
23 years$1,812$1,415$1,093$836$635$551
24 years$1,718$1,326$1,011$763$570$492
25 years$1,632$1,244$936$696$513$439
26 years$1,552$1,169$868$637$462$393
27 years$1,479$1,100$806$583$417$351
28 years$1,411$1,037$749$534$376$315
29 years$1,348$978$697$490$340$282
30 years$1,289$924$650$449$307$253
31 years$1,233$873$606$413$277$227
32 years$1,182$826$565$379$251$203
33 years$1,134$782$528$349$227$182
34 years$1,088$742$493$321$206$164
35 years$1,046$703$461$295$186$147
36 years$1,005$668$431$272$169$132
37 years$967$634$403$251$153$119
38 years$932$603$378$231$139$107
39 years$898$573$354$213$126$96
40 years$865$545$332$197$114$86
41 years$835$519$311$181$103$78
42 years$806$494$292$167$94$70
43 years$778$471$274$154$85$63
44 years$752$449$257$143$77$57
45 years$727$428$241$132$70$51
46 years$703$408$227$122$64$46
47 years$680$390$213$112$58$41
48 years$659$372$200$104$53$37
49 years$638$355$188$96$48$33
50 years$618$339$177$89$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $633,000, adding $5,667 every year, while hoping to spend $49,938 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: 58/22/20 Blend
63$633,000$633,000$633,000$633,000
64$703,412$669,863$660,051$740,168
65$722,026$649,552$629,029$745,486
66$740,865$626,573$595,294$745,380
67$759,900$600,741$558,703$744,153
68$779,095$571,863$519,105$741,709
69$798,411$539,733$476,343$737,942
70$817,803$504,133$430,254$732,739
71$837,218$464,835$380,667$725,980
72$856,597$421,595$327,403$717,532
73$875,874$374,157$270,274$707,256
74$894,971$322,249$209,087$695,000
75$913,805$265,586$143,638$680,602
76$932,276$203,863$73,713$663,886
77$950,278$136,762$0$644,662
78$967,688$63,945$0$622,922
79$984,368$0$0$615,052
80$1,000,167$0$0$608,737
81$1,014,911$0$0$617,199
82$1,028,411$0$0$624,835
83$1,040,451$0$0$631,508
84$1,050,795$0$0$637,064
85$1,059,177$0$0$641,333
86$1,065,301$0$0$644,124
87$1,068,840$0$0$645,228
88$1,069,429$0$0$644,409
89$1,066,662$0$0$641,408
90$1,060,089$0$0$635,936
91$1,049,212$0$0$627,672
92$1,033,477$0$0$616,262
93$1,012,269$0$0$601,312
94$984,911$0$0$582,386
95$950,647$0$0$559,002
96$908,645$0$0$530,624
97$857,981$0$0$496,662
98$797,633$0$0$456,461
99$726,473$0$0$409,298
100$643,250$0$0$354,371