Can I retire at age 64 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,355$51,889$51,434$50,990$50,556$49,883
2 years$25,918$25,436$24,968$24,514$24,074$23,397
3 years$17,107$16,622$16,156$15,707$15,274$14,614
4 years$12,703$12,219$11,757$11,316$10,893$10,256
5 years$10,060$9,580$9,124$8,692$8,281$7,667
6 years$8,300$7,823$7,374$6,951$6,552$5,963
7 years$7,042$6,570$6,128$5,715$5,329$4,765
8 years$6,100$5,631$5,197$4,794$4,421$3,882
9 years$5,367$4,903$4,476$4,083$3,723$3,208
10 years$4,781$4,322$3,902$3,520$3,172$2,682
11 years$4,302$3,848$3,435$3,063$2,728$2,262
12 years$3,904$3,453$3,049$2,687$2,364$1,921
13 years$3,566$3,121$2,724$2,372$2,062$1,641
14 years$3,278$2,837$2,447$2,106$1,807$1,409
15 years$3,027$2,591$2,210$1,878$1,591$1,214
16 years$2,809$2,378$2,003$1,681$1,406$1,050
17 years$2,616$2,190$1,823$1,511$1,247$911
18 years$2,445$2,023$1,664$1,362$1,109$792
19 years$2,292$1,875$1,524$1,230$988$690
20 years$2,155$1,743$1,398$1,114$883$602
21 years$2,031$1,623$1,286$1,011$790$526
22 years$1,918$1,515$1,185$919$708$461
23 years$1,815$1,417$1,094$837$636$404
24 years$1,721$1,328$1,012$764$571$354
25 years$1,635$1,246$937$697$514$311
26 years$1,555$1,171$869$638$463$273
27 years$1,481$1,102$807$584$417$240
28 years$1,413$1,038$751$535$377$211
29 years$1,350$980$698$490$340$186
30 years$1,291$925$651$450$307$164
31 years$1,235$875$607$413$278$144
32 years$1,184$828$566$380$251$127
33 years$1,135$784$528$349$227$112
34 years$1,090$743$494$321$206$99
35 years$1,047$705$462$296$187$87
36 years$1,007$669$432$273$169$77
37 years$969$635$404$251$153$68
38 years$933$604$378$231$139$60
39 years$899$574$355$213$126$53
40 years$867$546$332$197$114$47
41 years$836$520$312$182$104$41
42 years$807$495$292$168$94$36
43 years$780$472$274$155$85$32
44 years$753$450$257$143$77$28
45 years$728$429$242$132$70$25
46 years$704$409$227$122$64$22
47 years$682$390$213$113$58$19
48 years$660$373$200$104$53$17
49 years$639$356$188$96$48$15
50 years$619$340$177$89$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $634,000, adding $6,345 every year, while hoping to spend $24,578 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: 31/42/27 Blend
63$634,000$634,000$634,000$634,000
64$705,213$671,611$661,784$721,080
65$750,994$678,369$657,803$740,589
66$800,621$684,635$652,865$758,975
67$854,460$690,357$646,911$778,280
68$912,914$695,484$639,882$798,600
69$976,426$699,958$631,713$820,044
70$1,045,484$703,719$622,339$842,733
71$1,120,625$706,702$611,688$866,804
72$1,202,437$708,839$599,688$892,406
73$1,291,570$710,057$586,262$919,709
74$1,388,740$710,279$571,331$948,900
75$1,494,732$709,423$554,811$980,189
76$1,610,411$707,402$536,614$1,013,808
77$1,736,732$704,123$516,649$1,050,017
78$1,874,741$699,488$494,820$1,089,104
79$2,025,595$693,393$471,027$1,131,389
80$2,190,565$685,728$445,166$1,177,230
81$2,371,050$676,376$417,126$1,227,023
82$2,568,591$665,212$386,793$1,281,208
83$2,784,885$652,106$354,049$1,340,272
84$3,021,803$636,918$318,769$1,404,760
85$3,281,400$619,501$280,822$1,475,272
86$3,565,945$599,699$240,071$1,552,476
87$3,877,934$577,346$196,376$1,637,113
88$4,220,116$552,269$149,587$1,730,004
89$4,595,519$524,281$99,549$1,832,059
90$5,007,479$493,188$46,102$1,944,286
91$5,459,671$458,783$0$2,067,802
92$5,956,141$420,847$0$2,206,995
93$6,501,348$379,149$0$2,374,463
94$7,100,203$333,445$0$2,558,480
95$7,758,116$283,477$0$2,760,780
96$8,481,048$228,971$0$2,983,279
97$9,275,564$169,640$0$3,228,092
98$10,148,898$105,179$0$3,497,557
99$11,109,021$35,268$0$3,794,253
100$12,164,711$0$0$4,121,030