Can I retire at age 64 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$52,851$52,380$51,921$51,472$51,034$49,660
2 years$26,164$25,676$25,204$24,746$24,302$22,927
3 years$17,269$16,780$16,309$15,855$15,418$14,086
4 years$12,823$12,335$11,869$11,423$10,996$9,717
5 years$10,156$9,671$9,211$8,774$8,359$7,136
6 years$8,378$7,897$7,443$7,016$6,614$5,448
7 years$7,109$6,632$6,186$5,769$5,379$4,271
8 years$6,158$5,685$5,246$4,839$4,463$3,411
9 years$5,418$4,950$4,518$4,122$3,758$2,763
10 years$4,827$4,363$3,939$3,553$3,202$2,262
11 years$4,343$3,884$3,468$3,092$2,754$1,867
12 years$3,941$3,486$3,078$2,712$2,387$1,551
13 years$3,600$3,150$2,750$2,395$2,081$1,295
14 years$3,309$2,864$2,471$2,126$1,824$1,087
15 years$3,056$2,616$2,231$1,896$1,606$915
16 years$2,835$2,400$2,022$1,697$1,420$772
17 years$2,641$2,210$1,840$1,525$1,259$654
18 years$2,468$2,042$1,680$1,374$1,119$554
19 years$2,314$1,893$1,538$1,242$998$471
20 years$2,175$1,759$1,411$1,125$891$401
21 years$2,050$1,638$1,298$1,021$797$341
22 years$1,936$1,529$1,197$928$715$291
23 years$1,832$1,430$1,105$845$642$248
24 years$1,737$1,340$1,022$771$577$212
25 years$1,650$1,258$946$704$519$181
26 years$1,570$1,182$878$644$467$155
27 years$1,495$1,112$815$589$421$132
28 years$1,426$1,048$758$540$380$113
29 years$1,362$989$705$495$343$97
30 years$1,303$934$657$454$310$83
31 years$1,247$883$612$417$280$71
32 years$1,195$835$571$384$254$61
33 years$1,146$791$533$353$230$52
34 years$1,100$750$498$324$208$45
35 years$1,057$711$466$299$188$38
36 years$1,016$675$436$275$171$33
37 years$978$641$408$253$155$28
38 years$942$609$382$234$140$24
39 years$908$579$358$215$127$21
40 years$875$551$335$199$115$18
41 years$844$525$315$183$105$15
42 years$815$500$295$169$95$13
43 years$787$476$277$156$86$11
44 years$760$454$260$144$78$10
45 years$735$433$244$133$71$8
46 years$711$413$229$123$64$7
47 years$688$394$215$114$59$6
48 years$666$376$202$105$53$5
49 years$645$359$190$97$48$4
50 years$625$343$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $640,000, adding $3,965 every year, while hoping to spend $28,259 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: 60/22/18 Blend
63$640,000$640,000$640,000$640,000
64$709,370$675,450$665,530$748,405
65$751,658$678,480$657,758$778,284
66$797,313$680,711$648,778$807,389
67$846,647$682,074$638,521$838,492
68$900,006$682,496$626,912$871,789
69$957,768$681,900$613,875$907,500
70$1,020,350$680,202$599,329$945,865
71$1,088,209$677,315$583,190$987,150
72$1,161,848$673,146$565,369$1,031,653
73$1,241,822$667,596$545,774$1,079,697
74$1,328,740$660,560$524,309$1,131,645
75$1,423,271$651,927$500,873$1,187,894
76$1,526,153$641,580$475,361$1,248,887
77$1,638,196$629,393$447,661$1,315,108
78$1,760,294$615,235$417,660$1,387,098
79$1,893,429$598,966$385,236$1,465,451
80$2,038,680$580,437$350,263$1,550,823
81$2,197,240$559,493$312,611$1,643,943
82$2,370,417$535,966$272,142$1,745,611
83$2,559,653$509,683$228,713$1,856,714
84$2,766,536$480,456$182,173$1,978,231
85$2,992,814$448,089$132,367$2,111,245
86$3,240,412$412,376$79,132$2,256,948
87$3,511,447$373,096$22,296$2,416,660
88$3,808,254$330,017$0$2,591,838
89$4,133,403$282,895$0$2,791,456
90$4,489,723$231,470$0$3,014,971
91$4,880,332$175,468$0$3,260,095
92$5,308,661$114,601$0$3,529,031
93$5,778,491$48,564$0$3,824,206
94$6,293,987$0$0$4,148,300
95$6,859,736$0$0$4,509,828
96$7,480,789$0$0$4,919,655
97$8,162,713$0$0$5,369,703
98$8,911,638$0$0$5,864,027
99$9,734,317$0$0$6,407,090
100$10,638,191$0$0$7,003,810