Can I retire at age 64 with 636,000?

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 $636,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$52,520$52,052$51,596$51,151$50,716$49,651
2 years$26,000$25,516$25,047$24,592$24,150$23,083
3 years$17,161$16,675$16,207$15,756$15,322$14,285
4 years$12,743$12,258$11,794$11,351$10,928$9,929
5 years$10,092$9,610$9,153$8,719$8,307$7,349
6 years$8,326$7,848$7,397$6,973$6,573$5,658
7 years$7,065$6,590$6,147$5,733$5,346$4,473
8 years$6,119$5,649$5,213$4,809$4,435$3,604
9 years$5,384$4,919$4,490$4,096$3,735$2,945
10 years$4,796$4,335$3,914$3,531$3,182$2,433
11 years$4,316$3,860$3,446$3,073$2,737$2,028
12 years$3,916$3,464$3,058$2,695$2,372$1,701
13 years$3,578$3,131$2,733$2,380$2,068$1,436
14 years$3,288$2,846$2,455$2,112$1,813$1,217
15 years$3,037$2,600$2,217$1,884$1,596$1,035
16 years$2,818$2,385$2,010$1,687$1,411$883
17 years$2,624$2,197$1,829$1,516$1,251$756
18 years$2,453$2,030$1,669$1,366$1,112$648
19 years$2,299$1,881$1,528$1,234$991$557
20 years$2,162$1,748$1,403$1,118$885$479
21 years$2,037$1,628$1,290$1,014$792$413
22 years$1,924$1,520$1,189$922$710$356
23 years$1,821$1,422$1,098$840$638$307
24 years$1,726$1,332$1,015$766$573$266
25 years$1,640$1,250$940$700$516$230
26 years$1,560$1,175$872$640$465$199
27 years$1,486$1,106$810$586$419$172
28 years$1,418$1,042$753$537$378$149
29 years$1,354$983$701$492$341$129
30 years$1,295$928$653$452$308$112
31 years$1,239$877$608$415$279$97
32 years$1,188$830$568$381$252$84
33 years$1,139$786$530$350$228$73
34 years$1,093$745$495$322$207$63
35 years$1,051$707$463$297$187$55
36 years$1,010$671$433$273$170$48
37 years$972$637$405$252$154$41
38 years$936$605$380$232$139$36
39 years$902$576$356$214$126$31
40 years$870$548$333$197$115$27
41 years$839$521$313$182$104$24
42 years$810$497$293$168$94$20
43 years$782$473$275$155$86$18
44 years$756$451$258$143$78$15
45 years$731$430$243$132$71$13
46 years$707$410$228$122$64$12
47 years$684$392$214$113$58$10
48 years$662$374$201$104$53$9
49 years$641$357$189$96$48$8
50 years$621$341$178$89$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $636,000, adding $4,307 every year, while hoping to spend $22,312 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: 60/19/21 Blend
63$636,000$636,000$636,000$636,000
64$705,315$671,607$661,749$743,490
65$753,517$680,776$660,177$779,033
66$805,888$689,646$657,806$814,972
67$862,830$698,180$654,583$853,683
68$924,784$706,336$650,457$895,439
69$992,236$714,071$645,372$940,541
70$1,065,723$721,339$639,270$989,319
71$1,145,831$728,089$632,091$1,042,142
72$1,233,210$734,269$623,770$1,099,413
73$1,328,572$739,824$614,241$1,161,577
74$1,432,703$744,692$603,435$1,229,128
75$1,546,467$748,810$591,278$1,302,608
76$1,670,815$752,110$577,694$1,382,615
77$1,806,795$754,519$562,603$1,469,811
78$1,955,559$755,962$545,922$1,564,926
79$2,118,379$756,357$527,563$1,668,763
80$2,296,651$755,616$507,434$1,782,210
81$2,491,917$753,649$485,440$1,906,246
82$2,705,871$750,356$461,481$2,041,952
83$2,940,382$745,636$435,453$2,190,519
84$3,197,506$739,377$407,246$2,353,261
85$3,479,509$731,463$376,745$2,531,629
86$3,788,885$721,772$343,833$2,727,222
87$4,128,384$710,171$308,383$2,941,803
88$4,501,031$696,522$270,267$3,177,320
89$4,910,163$680,678$229,348$3,435,917
90$5,359,452$662,484$185,483$3,719,963
91$5,852,945$641,774$138,526$4,032,067
92$6,395,099$618,375$88,320$4,375,110
93$6,990,826$592,101$34,705$4,752,265
94$7,645,534$562,758$0$5,167,035
95$8,365,185$530,139$0$5,628,326
96$9,156,343$494,026$0$6,143,977
97$10,026,244$454,187$0$6,710,943
98$10,982,857$410,379$0$7,334,443
99$12,034,964$362,343$0$8,020,232
100$13,192,240$309,807$0$8,774,652