Can I retire at age 64 with 643,000?

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 $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%12.3%
1 years$53,098$52,625$52,164$51,714$51,274$50,781
2 years$26,286$25,797$25,322$24,862$24,416$23,919
3 years$17,350$16,858$16,385$15,929$15,491$15,005
4 years$12,883$12,393$11,924$11,476$11,048$10,578
5 years$10,203$9,716$9,254$8,815$8,399$7,946
6 years$8,417$7,934$7,478$7,049$6,645$6,210
7 years$7,142$6,663$6,215$5,796$5,405$4,987
8 years$6,186$5,711$5,270$4,862$4,484$4,084
9 years$5,443$4,973$4,539$4,141$3,776$3,393
10 years$4,849$4,383$3,958$3,570$3,217$2,852
11 years$4,364$3,902$3,484$3,107$2,767$2,419
12 years$3,959$3,502$3,092$2,725$2,398$2,066
13 years$3,617$3,165$2,763$2,406$2,091$1,775
14 years$3,324$2,877$2,482$2,136$1,833$1,533
15 years$3,070$2,628$2,241$1,905$1,614$1,330
16 years$2,849$2,411$2,032$1,705$1,426$1,157
17 years$2,653$2,221$1,849$1,532$1,265$1,010
18 years$2,480$2,052$1,688$1,381$1,124$884
19 years$2,325$1,902$1,545$1,248$1,002$775
20 years$2,185$1,767$1,418$1,130$895$681
21 years$2,059$1,646$1,304$1,026$801$599
22 years$1,945$1,537$1,202$933$718$528
23 years$1,841$1,437$1,110$849$645$466
24 years$1,745$1,347$1,027$775$579$411
25 years$1,658$1,264$951$707$521$364
26 years$1,577$1,188$882$647$470$322
27 years$1,502$1,118$819$592$423$285
28 years$1,433$1,053$761$542$382$252
29 years$1,369$994$708$497$345$224
30 years$1,309$938$660$456$312$199
31 years$1,253$887$615$419$282$176
32 years$1,201$839$574$385$255$156
33 years$1,152$795$536$354$231$139
34 years$1,105$753$501$326$209$123
35 years$1,062$715$468$300$189$110
36 years$1,021$678$438$276$171$97
37 years$983$644$410$255$155$87
38 years$946$612$384$235$141$77
39 years$912$582$360$216$128$68
40 years$879$554$337$200$116$61
41 years$848$527$316$184$105$54
42 years$819$502$296$170$95$48
43 years$791$478$278$157$87$43
44 years$764$456$261$145$79$38
45 years$739$435$245$134$71$34
46 years$714$415$230$124$65$30
47 years$691$396$216$114$59$27
48 years$669$378$203$106$53$24
49 years$648$361$191$98$49$21
50 years$628$345$180$90$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $643,000, adding $3,069 every year, while hoping to spend $27,253 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: 55/38/7 Blend
63$643,000$643,000$643,000$643,000
64$711,752$677,673$667,706$749,588
65$755,353$681,882$661,077$779,692
66$802,489$685,383$653,313$809,165
67$853,490$688,115$644,346$840,590
68$908,722$690,008$634,108$874,154
69$968,585$690,991$622,523$910,068
70$1,033,519$690,989$609,517$948,563
71$1,104,011$689,920$595,008$989,894
72$1,180,592$687,698$578,913$1,034,345
73$1,263,850$684,233$561,144$1,082,228
74$1,354,429$679,427$541,609$1,133,890
75$1,453,040$673,178$520,212$1,189,712
76$1,560,464$665,378$496,853$1,250,118
77$1,677,560$655,910$471,427$1,315,576
78$1,805,275$644,653$443,823$1,386,602
79$1,944,650$631,478$413,928$1,463,767
80$2,096,831$616,247$381,621$1,547,704
81$2,263,080$598,815$346,778$1,639,111
82$2,444,786$579,029$309,267$1,738,757
83$2,643,479$556,726$268,952$1,847,497
84$2,860,842$531,734$225,690$1,966,272
85$3,098,729$503,870$179,332$2,096,121
86$3,359,182$472,943$129,722$2,238,196
87$3,644,450$438,748$76,699$2,393,765
88$3,957,008$401,071$20,093$2,564,232
89$4,299,583$359,684$0$2,751,145
90$4,675,178$314,345$0$2,959,227
91$5,087,100$264,802$0$3,189,153
92$5,538,992$210,786$0$3,441,523
93$6,034,867$152,012$0$3,718,654
94$6,579,145$88,182$0$4,023,107
95$7,176,694$18,979$0$4,357,706
96$7,832,876$0$0$4,725,569
97$8,553,601$0$0$5,153,523
98$9,345,375$0$0$5,632,446
99$10,215,368$0$0$6,158,748
100$11,171,478$0$0$6,737,214