Can I retire at age 64 with 641,000?

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 $641,000?

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%
1 years$52,933$52,462$52,002$51,553$51,114$50,665
2 years$26,205$25,717$25,244$24,785$24,340$23,887
3 years$17,296$16,806$16,334$15,880$15,442$15,000
4 years$12,843$12,354$11,887$11,441$11,014$10,585
5 years$10,172$9,686$9,225$8,787$8,372$7,959
6 years$8,391$7,909$7,455$7,027$6,625$6,227
7 years$7,120$6,642$6,195$5,778$5,388$5,006
8 years$6,167$5,694$5,254$4,847$4,470$4,104
9 years$5,426$4,957$4,525$4,128$3,764$3,414
10 years$4,834$4,370$3,945$3,559$3,207$2,873
11 years$4,350$3,890$3,473$3,097$2,758$2,440
12 years$3,947$3,491$3,083$2,717$2,390$2,087
13 years$3,606$3,155$2,754$2,398$2,084$1,795
14 years$3,314$2,868$2,474$2,129$1,827$1,553
15 years$3,061$2,620$2,234$1,899$1,609$1,348
16 years$2,840$2,404$2,026$1,700$1,422$1,175
17 years$2,645$2,214$1,843$1,527$1,261$1,027
18 years$2,472$2,046$1,683$1,377$1,121$900
19 years$2,318$1,896$1,540$1,244$999$790
20 years$2,179$1,762$1,414$1,127$892$695
21 years$2,053$1,641$1,300$1,022$799$613
22 years$1,939$1,532$1,198$930$716$541
23 years$1,835$1,433$1,107$847$643$478
24 years$1,740$1,342$1,023$772$578$423
25 years$1,653$1,260$948$705$520$374
26 years$1,572$1,184$879$645$468$332
27 years$1,498$1,114$816$590$422$294
28 years$1,429$1,050$759$541$381$261
29 years$1,365$990$706$496$344$232
30 years$1,305$935$658$455$311$206
31 years$1,249$884$613$418$281$183
32 years$1,197$837$572$384$254$163
33 years$1,148$792$534$353$230$145
34 years$1,102$751$499$325$208$129
35 years$1,059$712$467$299$189$115
36 years$1,018$676$437$276$171$102
37 years$980$642$409$254$155$91
38 years$943$610$383$234$140$81
39 years$909$580$358$216$127$72
40 years$876$552$336$199$115$64
41 years$845$526$315$184$105$57
42 years$816$500$296$169$95$51
43 years$788$477$277$156$86$45
44 years$762$455$260$144$78$41
45 years$736$433$244$133$71$36
46 years$712$414$230$123$65$32
47 years$689$395$216$114$59$29
48 years$667$377$203$105$53$26
49 years$646$360$191$97$48$23
50 years$626$344$179$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $641,000, adding $4,557 every year, while hoping to spend $38,684 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: 49/42/9 Blend
63$641,000$641,000$641,000$641,000
64$711,083$677,110$667,174$744,003
65$742,453$669,128$648,365$759,051
66$775,728$659,460$627,629$770,925
67$811,059$647,980$604,861$782,926
68$848,614$634,558$579,951$795,076
69$888,577$619,056$552,784$807,403
70$931,148$601,326$523,239$819,939
71$976,547$581,213$491,190$832,723
72$1,025,016$558,553$456,505$845,800
73$1,076,817$533,172$419,048$859,224
74$1,132,241$504,886$378,674$873,056
75$1,191,604$473,500$335,234$887,368
76$1,255,254$438,807$288,571$902,243
77$1,323,572$400,592$238,520$917,775
78$1,396,978$358,622$184,912$934,074
79$1,475,931$312,656$127,568$951,264
80$1,560,936$262,436$66,301$969,487
81$1,652,546$207,690$918$988,905
82$1,751,372$148,133$0$1,009,702
83$1,858,080$83,460$0$1,038,699
84$1,973,408$13,353$0$1,070,041
85$2,098,161$0$0$1,103,929
86$2,233,229$0$0$1,169,583
87$2,379,587$0$0$1,247,469
88$2,538,308$0$0$1,331,995
89$2,710,573$0$0$1,423,798
90$2,897,679$0$0$1,523,576
91$3,101,056$0$0$1,632,100
92$3,322,272$0$0$1,750,217
93$3,563,058$0$0$1,878,858
94$3,825,314$0$0$2,019,050
95$4,111,133$0$0$2,171,920
96$4,422,818$0$0$2,338,712
97$4,762,904$0$0$2,520,791
98$5,134,181$0$0$2,719,665
99$5,539,720$0$0$2,936,988
100$5,982,902$0$0$3,174,585