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%12.3%
1 years$52,933$52,462$52,002$51,553$51,114$50,623
2 years$26,205$25,717$25,244$24,785$24,340$23,845
3 years$17,296$16,806$16,334$15,880$15,442$14,959
4 years$12,843$12,354$11,887$11,441$11,014$10,546
5 years$10,172$9,686$9,225$8,787$8,372$7,921
6 years$8,391$7,909$7,455$7,027$6,625$6,191
7 years$7,120$6,642$6,195$5,778$5,388$4,971
8 years$6,167$5,694$5,254$4,847$4,470$4,071
9 years$5,426$4,957$4,525$4,128$3,764$3,383
10 years$4,834$4,370$3,945$3,559$3,207$2,843
11 years$4,350$3,890$3,473$3,097$2,758$2,411
12 years$3,947$3,491$3,083$2,717$2,390$2,060
13 years$3,606$3,155$2,754$2,398$2,084$1,770
14 years$3,314$2,868$2,474$2,129$1,827$1,529
15 years$3,061$2,620$2,234$1,899$1,609$1,325
16 years$2,840$2,404$2,026$1,700$1,422$1,153
17 years$2,645$2,214$1,843$1,527$1,261$1,007
18 years$2,472$2,046$1,683$1,377$1,121$881
19 years$2,318$1,896$1,540$1,244$999$772
20 years$2,179$1,762$1,414$1,127$892$679
21 years$2,053$1,641$1,300$1,022$799$597
22 years$1,939$1,532$1,198$930$716$526
23 years$1,835$1,433$1,107$847$643$464
24 years$1,740$1,342$1,023$772$578$410
25 years$1,653$1,260$948$705$520$363
26 years$1,572$1,184$879$645$468$321
27 years$1,498$1,114$816$590$422$284
28 years$1,429$1,050$759$541$381$252
29 years$1,365$990$706$496$344$223
30 years$1,305$935$658$455$311$198
31 years$1,249$884$613$418$281$176
32 years$1,197$837$572$384$254$156
33 years$1,148$792$534$353$230$138
34 years$1,102$751$499$325$208$123
35 years$1,059$712$467$299$189$109
36 years$1,018$676$437$276$171$97
37 years$980$642$409$254$155$86
38 years$943$610$383$234$140$77
39 years$909$580$358$216$127$68
40 years$876$552$336$199$115$61
41 years$845$526$315$184$105$54
42 years$816$500$296$169$95$48
43 years$788$477$277$156$86$43
44 years$762$455$260$144$78$38
45 years$736$433$244$133$71$34
46 years$712$414$230$123$65$30
47 years$689$395$216$114$59$27
48 years$667$377$203$105$53$24
49 years$646$360$191$97$48$21
50 years$626$344$179$90$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $641,000, adding $3,521 every year, while hoping to spend $50,693 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: 55/30/15 Blend
63$641,000$641,000$641,000$641,000
64$710,014$676,041$666,105$746,077
65$728,498$655,230$634,483$750,194
66$747,169$631,700$600,102$748,905
67$765,992$605,265$562,817$746,347
68$784,927$575,727$522,475$742,411
69$803,929$542,876$478,917$736,978
70$822,945$506,493$431,977$729,923
71$841,917$466,343$381,479$721,109
72$860,778$422,179$327,244$710,389
73$879,451$373,740$269,081$697,607
74$897,852$320,750$206,792$682,592
75$915,883$262,917$140,170$665,164
76$933,437$199,934$69,000$645,125
77$950,392$131,475$0$622,265
78$966,611$57,196$0$597,469
79$981,942$0$0$581,239
80$996,213$0$0$569,974
81$1,009,235$0$0$576,801
82$1,020,794$0$0$582,708
83$1,030,654$0$0$587,550
84$1,038,551$0$0$591,167
85$1,044,190$0$0$593,378
86$1,047,245$0$0$593,985
87$1,047,353$0$0$592,767
88$1,044,110$0$0$589,478
89$1,037,070$0$0$583,845
90$1,025,734$0$0$575,565
91$1,009,554$0$0$564,305
92$987,917$0$0$549,693
93$960,149$0$0$531,316
94$925,499$0$0$508,720
95$883,139$0$0$481,400
96$832,150$0$0$448,799
97$771,516$0$0$410,298
98$700,114$0$0$365,216
99$616,701$0$0$312,797
100$519,902$0$0$252,206