Can I retire at age 64 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,263$52,789$52,326$51,874$51,433$51,173
2 years$26,368$25,877$25,401$24,940$24,492$24,230
3 years$17,404$16,911$16,436$15,979$15,539$15,282
4 years$12,923$12,431$11,961$11,512$11,082$10,834
5 years$10,235$9,746$9,282$8,842$8,425$8,184
6 years$8,444$7,959$7,502$7,071$6,666$6,435
7 years$7,165$6,684$6,234$5,814$5,421$5,199
8 years$6,206$5,729$5,287$4,877$4,498$4,284
9 years$5,460$4,988$4,554$4,154$3,788$3,583
10 years$4,864$4,397$3,970$3,581$3,227$3,031
11 years$4,377$3,914$3,495$3,116$2,775$2,588
12 years$3,971$3,513$3,102$2,734$2,405$2,226
13 years$3,628$3,175$2,771$2,413$2,097$1,926
14 years$3,334$2,886$2,490$2,142$1,839$1,676
15 years$3,080$2,636$2,248$1,911$1,619$1,464
16 years$2,858$2,419$2,038$1,711$1,431$1,283
17 years$2,662$2,228$1,855$1,537$1,269$1,129
18 years$2,488$2,058$1,693$1,385$1,128$995
19 years$2,332$1,908$1,550$1,252$1,005$880
20 years$2,192$1,773$1,422$1,134$898$779
21 years$2,066$1,651$1,308$1,029$804$691
22 years$1,951$1,541$1,206$935$720$614
23 years$1,847$1,442$1,113$852$647$546
24 years$1,751$1,351$1,030$777$581$487
25 years$1,663$1,268$954$710$523$434
26 years$1,582$1,191$885$649$471$387
27 years$1,507$1,121$821$594$425$346
28 years$1,438$1,056$764$544$383$309
29 years$1,373$997$711$499$346$276
30 years$1,313$941$662$458$313$247
31 years$1,257$890$617$421$283$222
32 years$1,204$842$576$387$256$198
33 years$1,155$797$538$355$231$178
34 years$1,109$756$502$327$210$159
35 years$1,065$717$470$301$190$143
36 years$1,024$680$439$277$172$128
37 years$986$646$411$255$156$115
38 years$949$614$385$235$141$103
39 years$915$584$361$217$128$93
40 years$882$556$338$200$116$83
41 years$851$529$317$185$105$75
42 years$821$504$297$171$96$67
43 years$793$480$279$157$87$60
44 years$766$457$262$145$79$54
45 years$741$436$246$134$72$49
46 years$717$416$231$124$65$44
47 years$693$397$217$115$59$39
48 years$671$379$204$106$54$35
49 years$650$362$192$98$49$32
50 years$630$346$180$90$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $645,000, adding $2,021 every year, while hoping to spend $23,103 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: 73/11/16 Blend
63$645,000$645,000$645,000$645,000
64$712,875$678,690$668,692$762,190
65$761,006$687,364$666,512$803,823
66$813,273$695,689$663,484$846,396
67$870,073$703,623$659,557$892,423
68$931,842$711,123$654,674$942,242
69$999,062$718,140$648,777$996,224
70$1,072,261$724,624$641,806$1,054,781
71$1,152,023$730,521$633,698$1,118,363
72$1,238,988$735,775$624,385$1,187,468
73$1,333,861$740,325$613,798$1,262,646
74$1,437,419$744,105$601,865$1,344,502
75$1,550,516$747,046$588,508$1,433,702
76$1,674,093$749,076$573,647$1,530,981
77$1,809,186$750,116$557,200$1,637,151
78$1,956,935$750,084$539,078$1,753,105
79$2,118,595$748,891$519,190$1,879,826
80$2,295,550$746,444$497,441$2,018,402
81$2,489,321$742,645$473,730$2,170,029
82$2,701,584$737,388$447,953$2,336,026
83$2,934,187$730,561$420,000$2,517,847
84$3,189,162$722,046$389,758$2,717,097
85$3,468,749$711,718$357,107$2,935,541
86$3,775,413$699,445$321,922$3,175,129
87$4,111,873$685,085$284,074$3,438,008
88$4,481,119$668,489$243,426$3,726,545
89$4,886,448$649,500$199,835$4,043,352
90$5,331,491$627,951$153,155$4,391,304
91$5,820,247$603,664$103,229$4,773,574
92$6,357,121$576,453$49,897$5,193,657
93$6,946,968$546,120$0$5,655,407
94$7,595,134$512,455$0$6,164,271
95$8,307,510$475,237$0$6,732,901
96$9,090,584$434,232$0$7,357,964
97$9,951,507$389,193$0$8,045,183
98$10,898,155$339,858$0$8,800,864
99$11,939,207$285,950$0$9,631,955
100$13,084,223$227,179$0$10,546,115