Can I retire at age 64 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$52,438$51,971$51,515$51,070$50,636$49,532
2 years$25,959$25,476$25,007$24,553$24,112$23,006
3 years$17,134$16,649$16,181$15,731$15,298$14,224
4 years$12,723$12,239$11,776$11,334$10,911$9,876
5 years$10,076$9,595$9,139$8,705$8,294$7,303
6 years$8,313$7,835$7,385$6,962$6,563$5,616
7 years$7,053$6,580$6,137$5,724$5,337$4,435
8 years$6,110$5,640$5,205$4,801$4,428$3,569
9 years$5,376$4,911$4,483$4,090$3,729$2,913
10 years$4,789$4,329$3,908$3,525$3,177$2,404
11 years$4,309$3,854$3,441$3,068$2,732$2,001
12 years$3,910$3,459$3,054$2,691$2,368$1,677
13 years$3,572$3,126$2,728$2,376$2,065$1,413
14 years$3,283$2,841$2,451$2,109$1,810$1,196
15 years$3,032$2,595$2,213$1,881$1,594$1,016
16 years$2,813$2,381$2,007$1,684$1,409$866
17 years$2,620$2,193$1,826$1,513$1,249$739
18 years$2,449$2,027$1,667$1,364$1,110$633
19 years$2,296$1,878$1,526$1,232$990$543
20 years$2,158$1,745$1,400$1,116$884$467
21 years$2,034$1,626$1,288$1,013$791$401
22 years$1,921$1,517$1,187$921$709$346
23 years$1,818$1,419$1,096$839$637$298
24 years$1,724$1,330$1,014$765$572$257
25 years$1,637$1,248$939$699$515$222
26 years$1,557$1,173$871$639$464$192
27 years$1,484$1,104$809$585$418$166
28 years$1,415$1,040$752$536$377$143
29 years$1,352$981$700$491$341$124
30 years$1,293$927$652$451$308$107
31 years$1,237$876$607$414$278$93
32 years$1,186$829$567$381$252$80
33 years$1,137$785$529$350$228$70
34 years$1,092$744$494$322$206$60
35 years$1,049$706$462$296$187$52
36 years$1,009$670$432$273$169$45
37 years$970$636$405$251$153$39
38 years$934$605$379$232$139$34
39 years$900$575$355$214$126$30
40 years$868$547$333$197$114$26
41 years$838$521$312$182$104$22
42 years$808$496$293$168$94$19
43 years$781$472$275$155$85$17
44 years$754$450$258$143$78$14
45 years$729$429$242$132$70$13
46 years$705$410$227$122$64$11
47 years$683$391$214$113$58$9
48 years$661$373$201$104$53$8
49 years$640$356$189$96$48$7
50 years$620$340$177$89$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $635,000, adding $6,678 every year, while hoping to spend $44,513 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: 38/47/15 Blend
63$635,000$635,000$635,000$635,000
64$706,658$673,003$663,161$730,077
65$731,376$658,619$638,015$733,063
66$757,123$642,038$610,535$731,509
67$783,957$623,106$580,596$728,874
68$811,941$601,658$548,066$725,081
69$841,142$577,522$512,810$720,053
70$871,633$550,515$474,683$713,708
71$903,492$520,442$433,537$705,960
72$936,803$487,099$389,215$696,720
73$971,658$450,268$341,555$685,892
74$1,008,156$409,721$290,387$673,381
75$1,046,405$365,214$235,532$659,083
76$1,086,521$316,492$176,805$642,892
77$1,128,631$263,285$114,012$624,699
78$1,172,871$205,305$46,951$604,387
79$1,219,391$142,252$0$581,840
80$1,268,352$73,807$0$560,872
81$1,319,933$0$0$545,691
82$1,374,324$0$0$528,872
83$1,431,735$0$0$551,444
84$1,492,395$0$0$575,331
85$1,556,553$0$0$600,634
86$1,624,481$0$0$627,468
87$1,696,476$0$0$655,953
88$1,772,863$0$0$686,225
89$1,853,997$0$0$718,431
90$1,940,266$0$0$752,732
91$2,032,095$0$0$789,303
92$2,129,950$0$0$828,339
93$2,234,338$0$0$870,049
94$2,345,819$0$0$914,666
95$2,465,004$0$0$962,445
96$2,592,563$0$0$1,013,663
97$2,729,231$0$0$1,068,626
98$2,875,814$0$0$1,127,669
99$3,033,197$0$0$1,191,162
100$3,202,351$0$0$1,259,508