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%12.5%
1 years$52,520$52,052$51,596$51,151$50,716$50,186
2 years$26,000$25,516$25,047$24,592$24,150$23,617
3 years$17,161$16,675$16,207$15,756$15,322$14,801
4 years$12,743$12,258$11,794$11,351$10,928$10,424
5 years$10,092$9,610$9,153$8,719$8,307$7,822
6 years$8,326$7,848$7,397$6,973$6,573$6,107
7 years$7,065$6,590$6,147$5,733$5,346$4,898
8 years$6,119$5,649$5,213$4,809$4,435$4,006
9 years$5,384$4,919$4,490$4,096$3,735$3,325
10 years$4,796$4,335$3,914$3,531$3,182$2,791
11 years$4,316$3,860$3,446$3,073$2,737$2,364
12 years$3,916$3,464$3,058$2,695$2,372$2,017
13 years$3,578$3,131$2,733$2,380$2,068$1,731
14 years$3,288$2,846$2,455$2,112$1,813$1,493
15 years$3,037$2,600$2,217$1,884$1,596$1,293
16 years$2,818$2,385$2,010$1,687$1,411$1,124
17 years$2,624$2,197$1,829$1,516$1,251$979
18 years$2,453$2,030$1,669$1,366$1,112$856
19 years$2,299$1,881$1,528$1,234$991$749
20 years$2,162$1,748$1,403$1,118$885$657
21 years$2,037$1,628$1,290$1,014$792$577
22 years$1,924$1,520$1,189$922$710$508
23 years$1,821$1,422$1,098$840$638$448
24 years$1,726$1,332$1,015$766$573$395
25 years$1,640$1,250$940$700$516$348
26 years$1,560$1,175$872$640$465$308
27 years$1,486$1,106$810$586$419$272
28 years$1,418$1,042$753$537$378$241
29 years$1,354$983$701$492$341$213
30 years$1,295$928$653$452$308$189
31 years$1,239$877$608$415$279$167
32 years$1,188$830$568$381$252$148
33 years$1,139$786$530$350$228$131
34 years$1,093$745$495$322$207$116
35 years$1,051$707$463$297$187$103
36 years$1,010$671$433$273$170$92
37 years$972$637$405$252$154$81
38 years$936$605$380$232$139$72
39 years$902$576$356$214$126$64
40 years$870$548$333$197$115$57
41 years$839$521$313$182$104$51
42 years$810$497$293$168$94$45
43 years$782$473$275$155$86$40
44 years$756$451$258$143$78$35
45 years$731$430$243$132$71$31
46 years$707$410$228$122$64$28
47 years$684$392$214$113$58$25
48 years$662$374$201$104$53$22
49 years$641$357$189$96$48$20
50 years$621$341$178$89$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $636,000, adding $2,589 every year, while hoping to spend $47,214 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: 35/48/17 Blend
63$636,000$636,000$636,000$636,000
64$703,543$669,835$659,977$724,413
65$725,069$652,421$631,850$722,440
66$747,208$632,572$601,200$715,702
67$769,973$610,118$567,890$707,430
68$793,377$584,880$531,781$697,514
69$817,431$556,669$492,725$685,838
70$842,147$525,284$450,569$672,278
71$867,536$490,513$405,154$656,703
72$893,609$452,133$356,311$638,976
73$920,375$409,905$303,865$618,951
74$947,844$363,581$247,635$596,473
75$976,022$312,894$187,429$571,377
76$1,004,917$257,567$123,048$543,492
77$1,034,533$197,302$54,285$512,634
78$1,064,874$131,789$0$478,609
79$1,095,942$60,697$0$444,676
80$1,127,736$0$0$417,888
81$1,160,253$0$0$396,822
82$1,193,488$0$0$408,044
83$1,227,431$0$0$419,490
84$1,262,072$0$0$431,152
85$1,297,393$0$0$443,023
86$1,333,374$0$0$455,093
87$1,369,991$0$0$467,352
88$1,407,212$0$0$479,784
89$1,445,000$0$0$492,376
90$1,483,311$0$0$505,106
91$1,522,094$0$0$517,954
92$1,561,288$0$0$530,894
93$1,600,825$0$0$543,897
94$1,640,623$0$0$556,931
95$1,680,591$0$0$569,957
96$1,720,624$0$0$582,933
97$1,760,601$0$0$595,810
98$1,800,386$0$0$608,532
99$1,839,826$0$0$621,039
100$1,878,747$0$0$633,261