Can I retire at age 64 with 636,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$52,520$52,052$51,596$51,151$50,716$50,291
2 years$26,000$25,516$25,047$24,592$24,150$23,722
3 years$17,161$16,675$16,207$15,756$15,322$14,904
4 years$12,743$12,258$11,794$11,351$10,928$10,523
5 years$10,092$9,610$9,153$8,719$8,307$7,916
6 years$8,326$7,848$7,397$6,973$6,573$6,197
7 years$7,065$6,590$6,147$5,733$5,346$4,985
8 years$6,119$5,649$5,213$4,809$4,435$4,089
9 years$5,384$4,919$4,490$4,096$3,735$3,404
10 years$4,796$4,335$3,914$3,531$3,182$2,866
11 years$4,316$3,860$3,446$3,073$2,737$2,435
12 years$3,916$3,464$3,058$2,695$2,372$2,084
13 years$3,578$3,131$2,733$2,380$2,068$1,794
14 years$3,288$2,846$2,455$2,112$1,813$1,553
15 years$3,037$2,600$2,217$1,884$1,596$1,349
16 years$2,818$2,385$2,010$1,687$1,411$1,176
17 years$2,624$2,197$1,829$1,516$1,251$1,029
18 years$2,453$2,030$1,669$1,366$1,112$902
19 years$2,299$1,881$1,528$1,234$991$793
20 years$2,162$1,748$1,403$1,118$885$698
21 years$2,037$1,628$1,290$1,014$792$616
22 years$1,924$1,520$1,189$922$710$544
23 years$1,821$1,422$1,098$840$638$481
24 years$1,726$1,332$1,015$766$573$426
25 years$1,640$1,250$940$700$516$377
26 years$1,560$1,175$872$640$465$335
27 years$1,486$1,106$810$586$419$297
28 years$1,418$1,042$753$537$378$264
29 years$1,354$983$701$492$341$234
30 years$1,295$928$653$452$308$208
31 years$1,239$877$608$415$279$185
32 years$1,188$830$568$381$252$165
33 years$1,139$786$530$350$228$147
34 years$1,093$745$495$322$207$131
35 years$1,051$707$463$297$187$117
36 years$1,010$671$433$273$170$104
37 years$972$637$405$252$154$93
38 years$936$605$380$232$139$82
39 years$902$576$356$214$126$74
40 years$870$548$333$197$115$66
41 years$839$521$313$182$104$58
42 years$810$497$293$168$94$52
43 years$782$473$275$155$86$47
44 years$756$451$258$143$78$42
45 years$731$430$243$132$71$37
46 years$707$410$228$122$64$33
47 years$684$392$214$113$58$29
48 years$662$374$201$104$53$26
49 years$641$357$189$96$48$23
50 years$621$341$178$89$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $636,000, adding $5,861 every year, while hoping to spend $40,734 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: 31/41/28 Blend
63$636,000$636,000$636,000$636,000
64$706,918$673,210$663,352$722,629
65$735,683$662,856$642,233$724,909
66$766,016$650,630$619,042$723,386
67$798,036$636,397$593,666$720,945
68$831,869$620,014$565,987$717,536
69$867,654$601,329$535,883$713,105
70$905,544$580,184$503,224$707,598
71$945,705$556,408$467,877$700,961
72$988,318$529,823$429,702$693,137
73$1,033,581$500,238$388,551$684,072
74$1,081,710$467,455$344,272$673,707
75$1,132,945$431,260$296,705$661,988
76$1,187,544$391,430$245,683$648,859
77$1,245,791$347,728$191,032$634,264
78$1,307,999$299,904$132,569$618,150
79$1,374,509$247,694$70,104$600,464
80$1,445,695$190,817$3,439$581,158
81$1,521,969$128,980$0$560,185
82$1,603,780$61,870$0$557,730
83$1,691,622$0$0$555,938
84$1,786,039$0$0$558,708
85$1,887,625$0$0$591,792
86$1,997,035$0$0$627,497
87$2,114,985$0$0$666,067
88$2,242,266$0$0$707,771
89$2,379,743$0$0$752,901
90$2,528,369$0$0$801,783
91$2,689,190$0$0$854,771
92$2,863,357$0$0$912,256
93$3,052,136$0$0$974,670
94$3,256,916$0$0$1,042,485
95$3,479,227$0$0$1,116,222
96$3,720,753$0$0$1,196,453
97$3,983,344$0$0$1,283,808
98$4,269,036$0$0$1,378,982
99$4,580,070$0$0$1,482,735
100$4,918,910$0$0$1,595,910