Can I retire at age 64 with 641,000?

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 $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%11%
1 years$52,933$52,462$52,002$51,553$51,114$50,899
2 years$26,205$25,717$25,244$24,785$24,340$24,123
3 years$17,296$16,806$16,334$15,880$15,442$15,230
4 years$12,843$12,354$11,887$11,441$11,014$10,807
5 years$10,172$9,686$9,225$8,787$8,372$8,173
6 years$8,391$7,909$7,455$7,027$6,625$6,432
7 years$7,120$6,642$6,195$5,778$5,388$5,203
8 years$6,167$5,694$5,254$4,847$4,470$4,292
9 years$5,426$4,957$4,525$4,128$3,764$3,594
10 years$4,834$4,370$3,945$3,559$3,207$3,044
11 years$4,350$3,890$3,473$3,097$2,758$2,602
12 years$3,947$3,491$3,083$2,717$2,390$2,241
13 years$3,606$3,155$2,754$2,398$2,084$1,942
14 years$3,314$2,868$2,474$2,129$1,827$1,691
15 years$3,061$2,620$2,234$1,899$1,609$1,479
16 years$2,840$2,404$2,026$1,700$1,422$1,299
17 years$2,645$2,214$1,843$1,527$1,261$1,144
18 years$2,472$2,046$1,683$1,377$1,121$1,010
19 years$2,318$1,896$1,540$1,244$999$894
20 years$2,179$1,762$1,414$1,127$892$793
21 years$2,053$1,641$1,300$1,022$799$704
22 years$1,939$1,532$1,198$930$716$627
23 years$1,835$1,433$1,107$847$643$558
24 years$1,740$1,342$1,023$772$578$498
25 years$1,653$1,260$948$705$520$445
26 years$1,572$1,184$879$645$468$398
27 years$1,498$1,114$816$590$422$356
28 years$1,429$1,050$759$541$381$318
29 years$1,365$990$706$496$344$285
30 years$1,305$935$658$455$311$256
31 years$1,249$884$613$418$281$229
32 years$1,197$837$572$384$254$206
33 years$1,148$792$534$353$230$185
34 years$1,102$751$499$325$208$166
35 years$1,059$712$467$299$189$149
36 years$1,018$676$437$276$171$134
37 years$980$642$409$254$155$120
38 years$943$610$383$234$140$108
39 years$909$580$358$216$127$97
40 years$876$552$336$199$115$87
41 years$845$526$315$184$105$79
42 years$816$500$296$169$95$71
43 years$788$477$277$156$86$64
44 years$762$455$260$144$78$57
45 years$736$433$244$133$71$52
46 years$712$414$230$123$65$46
47 years$689$395$216$114$59$42
48 years$667$377$203$105$53$38
49 years$646$360$191$97$48$34
50 years$626$344$179$90$44$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $641,000, adding $3,836 every year, while hoping to spend $30,717 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: 58/34/8 Blend
63$641,000$641,000$641,000$641,000
64$710,339$676,366$666,430$750,043
65$750,111$676,825$656,073$777,647
66$792,910$676,277$644,339$803,918
67$839,013$674,641$631,151$831,794
68$888,722$671,829$616,425$861,432
69$942,373$667,749$600,076$893,005
70$1,000,330$662,304$582,013$926,705
71$1,062,997$655,390$562,144$962,745
72$1,130,815$646,897$540,368$1,001,359
73$1,204,272$636,709$516,585$1,042,810
74$1,283,902$624,702$490,685$1,087,386
75$1,370,294$610,745$462,556$1,135,408
76$1,464,093$594,701$432,081$1,187,229
77$1,566,012$576,423$399,137$1,243,242
78$1,676,833$555,756$363,596$1,303,882
79$1,797,417$532,535$325,324$1,369,629
80$1,928,711$506,587$284,180$1,441,016
81$2,071,758$477,728$240,018$1,518,630
82$2,227,705$445,764$192,686$1,603,124
83$2,397,814$410,490$142,025$1,695,219
84$2,583,476$371,688$87,866$1,795,710
85$2,786,218$329,129$30,038$1,905,481
86$3,007,727$282,570$0$2,025,505
87$3,249,854$231,756$0$2,159,564
88$3,514,642$176,414$0$2,309,059
89$3,804,337$116,260$0$2,472,757
90$4,121,413$50,991$0$2,652,132
91$4,468,596$0$0$2,848,812
92$4,848,886$0$0$3,071,968
93$5,265,587$0$0$3,337,449
94$5,722,338$0$0$3,628,500
95$6,223,148$0$0$3,947,684
96$6,772,429$0$0$4,297,821
97$7,375,044$0$0$4,682,017
98$8,036,349$0$0$5,103,694
99$8,762,242$0$0$5,566,622
100$9,559,220$0$0$6,074,953