Can I retire at age 64 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$53,098$52,625$52,164$51,714$51,274$49,593
2 years$26,286$25,797$25,322$24,862$24,416$22,739
3 years$17,350$16,858$16,385$15,929$15,491$13,869
4 years$12,883$12,393$11,924$11,476$11,048$9,495
5 years$10,203$9,716$9,254$8,815$8,399$6,918
6 years$8,417$7,934$7,478$7,049$6,645$5,239
7 years$7,142$6,663$6,215$5,796$5,405$4,072
8 years$6,186$5,711$5,270$4,862$4,484$3,224
9 years$5,443$4,973$4,539$4,141$3,776$2,587
10 years$4,849$4,383$3,958$3,570$3,217$2,098
11 years$4,364$3,902$3,484$3,107$2,767$1,715
12 years$3,959$3,502$3,092$2,725$2,398$1,411
13 years$3,617$3,165$2,763$2,406$2,091$1,167
14 years$3,324$2,877$2,482$2,136$1,833$968
15 years$3,070$2,628$2,241$1,905$1,614$807
16 years$2,849$2,411$2,032$1,705$1,426$674
17 years$2,653$2,221$1,849$1,532$1,265$564
18 years$2,480$2,052$1,688$1,381$1,124$473
19 years$2,325$1,902$1,545$1,248$1,002$397
20 years$2,185$1,767$1,418$1,130$895$334
21 years$2,059$1,646$1,304$1,026$801$281
22 years$1,945$1,537$1,202$933$718$237
23 years$1,841$1,437$1,110$849$645$200
24 years$1,745$1,347$1,027$775$579$169
25 years$1,658$1,264$951$707$521$142
26 years$1,577$1,188$882$647$470$120
27 years$1,502$1,118$819$592$423$102
28 years$1,433$1,053$761$542$382$86
29 years$1,369$994$708$497$345$73
30 years$1,309$938$660$456$312$61
31 years$1,253$887$615$419$282$52
32 years$1,201$839$574$385$255$44
33 years$1,152$795$536$354$231$37
34 years$1,105$753$501$326$209$31
35 years$1,062$715$468$300$189$27
36 years$1,021$678$438$276$171$23
37 years$983$644$410$255$155$19
38 years$946$612$384$235$141$16
39 years$912$582$360$216$128$14
40 years$879$554$337$200$116$12
41 years$848$527$316$184$105$10
42 years$819$502$296$170$95$8
43 years$791$478$278$157$87$7
44 years$764$456$261$145$79$6
45 years$739$435$245$134$71$5
46 years$714$415$230$124$65$4
47 years$691$396$216$114$59$4
48 years$669$378$203$106$53$3
49 years$648$361$191$98$49$3
50 years$628$345$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $643,000, adding $5,557 every year, while hoping to spend $27,616 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: 78/13/9 Blend
63$643,000$643,000$643,000$643,000
64$714,318$680,239$670,273$768,599
65$757,795$684,188$663,343$808,988
66$804,782$687,404$655,257$849,144
67$855,606$689,823$645,944$892,379
68$910,629$691,376$635,335$938,988
69$970,249$691,990$623,355$989,294
70$1,034,903$691,585$609,925$1,043,657
71$1,105,070$690,080$594,965$1,102,469
72$1,181,280$687,386$578,389$1,166,166
73$1,264,113$683,411$560,107$1,235,225
74$1,354,208$678,054$540,027$1,310,175
75$1,452,270$671,211$518,050$1,391,596
76$1,559,072$662,771$494,075$1,480,130
77$1,675,466$652,615$467,995$1,576,483
78$1,802,389$640,619$439,699$1,681,433
79$1,940,873$626,650$409,069$1,795,837
80$2,092,054$610,567$375,985$1,920,643
81$2,257,181$592,223$340,318$2,056,892
82$2,437,631$571,459$301,936$2,205,733
83$2,634,919$548,110$260,700$2,368,433
84$2,850,713$522,000$216,466$2,546,390
85$3,086,849$492,941$169,081$2,741,141
86$3,345,350$460,737$118,387$2,954,384
87$3,628,442$425,180$64,220$3,187,990
88$3,938,579$386,050$6,408$3,444,021
89$4,278,462$343,114$0$3,724,749
90$4,651,063$296,125$0$4,037,991
91$5,059,661$244,824$0$4,382,201
92$5,507,862$188,936$0$4,759,827
93$5,999,641$128,171$0$5,174,245
94$6,539,376$62,224$0$5,629,178
95$7,131,889$0$0$6,128,725
96$7,782,492$0$0$6,678,726
97$8,497,035$0$0$7,292,578
98$9,281,964$0$0$7,966,922
99$10,144,381$0$0$8,707,859
100$11,092,107$0$0$9,522,113