Can I retire at age 64 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$53,016$52,544$52,083$51,633$51,194$50,119
2 years$26,245$25,757$25,283$24,824$24,378$23,300
3 years$17,323$16,832$16,360$15,905$15,466$14,420
4 years$12,863$12,373$11,906$11,458$11,031$10,023
5 years$10,187$9,701$9,239$8,801$8,385$7,419
6 years$8,404$7,922$7,467$7,038$6,635$5,711
7 years$7,131$6,653$6,205$5,787$5,396$4,515
8 years$6,177$5,702$5,262$4,854$4,477$3,638
9 years$5,435$4,965$4,532$4,135$3,770$2,973
10 years$4,842$4,376$3,951$3,564$3,212$2,456
11 years$4,357$3,896$3,479$3,102$2,763$2,047
12 years$3,953$3,497$3,087$2,721$2,394$1,718
13 years$3,611$3,160$2,758$2,402$2,088$1,449
14 years$3,319$2,873$2,478$2,132$1,830$1,228
15 years$3,066$2,624$2,238$1,902$1,611$1,045
16 years$2,844$2,408$2,029$1,703$1,424$892
17 years$2,649$2,217$1,846$1,530$1,263$763
18 years$2,476$2,049$1,685$1,379$1,123$654
19 years$2,321$1,899$1,543$1,246$1,001$562
20 years$2,182$1,765$1,416$1,128$894$483
21 years$2,056$1,644$1,302$1,024$800$417
22 years$1,942$1,534$1,200$931$717$359
23 years$1,838$1,435$1,108$848$644$310
24 years$1,743$1,344$1,025$773$578$268
25 years$1,655$1,262$949$706$521$232
26 years$1,575$1,186$880$646$469$201
27 years$1,500$1,116$818$591$423$174
28 years$1,431$1,052$760$542$381$150
29 years$1,367$992$707$497$344$130
30 years$1,307$937$659$456$311$113
31 years$1,251$886$614$419$281$98
32 years$1,199$838$573$385$255$85
33 years$1,150$794$535$354$230$74
34 years$1,104$752$500$326$209$64
35 years$1,060$713$467$300$189$56
36 years$1,020$677$437$276$171$48
37 years$981$643$409$254$155$42
38 years$945$611$383$234$141$36
39 years$910$581$359$216$128$32
40 years$878$553$337$199$116$27
41 years$847$526$316$184$105$24
42 years$817$501$296$170$95$21
43 years$789$478$278$157$86$18
44 years$763$455$261$145$78$16
45 years$737$434$245$134$71$14
46 years$713$414$230$123$65$12
47 years$690$395$216$114$59$10
48 years$668$377$203$105$53$9
49 years$647$360$191$97$48$8
50 years$627$344$179$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $642,000, adding $4,778 every year, while hoping to spend $33,319 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: 63/23/14 Blend
63$642,000$642,000$642,000$642,000
64$712,413$678,387$668,436$754,594
65$749,627$676,176$655,377$781,248
66$789,522$672,741$640,764$806,091
67$832,333$667,986$624,510$832,407
68$878,323$661,809$606,523$860,338
69$927,778$654,104$586,708$890,045
70$981,014$644,757$564,965$921,705
71$1,038,376$633,649$541,190$955,514
72$1,100,243$620,651$515,273$991,688
73$1,167,034$605,628$487,100$1,030,468
74$1,239,206$588,439$456,552$1,072,122
75$1,317,263$568,930$423,505$1,116,944
76$1,401,759$546,943$387,828$1,165,261
77$1,493,303$522,308$349,385$1,217,437
78$1,592,565$494,846$308,034$1,273,871
79$1,700,279$464,366$263,626$1,335,008
80$1,817,257$430,670$216,007$1,401,339
81$1,944,389$393,544$165,014$1,473,409
82$2,082,653$352,764$110,479$1,551,818
83$2,233,129$308,095$52,225$1,637,233
84$2,397,001$259,285$0$1,730,389
85$2,575,576$206,070$0$1,833,588
86$2,770,289$148,171$0$1,954,666
87$2,982,720$85,294$0$2,086,840
88$3,214,610$17,126$0$2,231,243
89$3,467,874$0$0$2,389,124
90$3,744,620$0$0$2,576,205
91$4,047,169$0$0$2,785,512
92$4,378,078$0$0$3,014,483
93$4,740,159$0$0$3,265,073
94$5,136,511$0$0$3,539,431
95$5,570,546$0$0$3,839,924
96$6,046,021$0$0$4,169,162
97$6,567,073$0$0$4,530,015
98$7,138,261$0$0$4,925,646
99$7,764,602$0$0$5,359,540
100$8,451,624$0$0$5,835,532