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%11.9%
1 years$53,263$52,789$52,326$51,874$51,433$51,024
2 years$26,368$25,877$25,401$24,940$24,492$24,079
3 years$17,404$16,911$16,436$15,979$15,539$15,135
4 years$12,923$12,431$11,961$11,512$11,082$10,692
5 years$10,235$9,746$9,282$8,842$8,425$8,048
6 years$8,444$7,959$7,502$7,071$6,666$6,303
7 years$7,165$6,684$6,234$5,814$5,421$5,073
8 years$6,206$5,729$5,287$4,877$4,498$4,164
9 years$5,460$4,988$4,554$4,154$3,788$3,468
10 years$4,864$4,397$3,970$3,581$3,227$2,922
11 years$4,377$3,914$3,495$3,116$2,775$2,484
12 years$3,971$3,513$3,102$2,734$2,405$2,127
13 years$3,628$3,175$2,771$2,413$2,097$1,833
14 years$3,334$2,886$2,490$2,142$1,839$1,587
15 years$3,080$2,636$2,248$1,911$1,619$1,380
16 years$2,858$2,419$2,038$1,711$1,431$1,204
17 years$2,662$2,228$1,855$1,537$1,269$1,054
18 years$2,488$2,058$1,693$1,385$1,128$925
19 years$2,332$1,908$1,550$1,252$1,005$813
20 years$2,192$1,773$1,422$1,134$898$716
21 years$2,066$1,651$1,308$1,029$804$632
22 years$1,951$1,541$1,206$935$720$559
23 years$1,847$1,442$1,113$852$647$495
24 years$1,751$1,351$1,030$777$581$438
25 years$1,663$1,268$954$710$523$389
26 years$1,582$1,191$885$649$471$345
27 years$1,507$1,121$821$594$425$306
28 years$1,438$1,056$764$544$383$272
29 years$1,373$997$711$499$346$242
30 years$1,313$941$662$458$313$216
31 years$1,257$890$617$421$283$192
32 years$1,204$842$576$387$256$171
33 years$1,155$797$538$355$231$152
34 years$1,109$756$502$327$210$136
35 years$1,065$717$470$301$190$121
36 years$1,024$680$439$277$172$108
37 years$986$646$411$255$156$96
38 years$949$614$385$235$141$86
39 years$915$584$361$217$128$77
40 years$882$556$338$200$116$68
41 years$851$529$317$185$105$61
42 years$821$504$297$171$96$54
43 years$793$480$279$157$87$49
44 years$766$457$262$145$79$43
45 years$741$436$246$134$72$39
46 years$717$416$231$124$65$35
47 years$693$397$217$115$59$31
48 years$671$379$204$106$54$28
49 years$650$362$192$98$49$25
50 years$630$346$180$90$44$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $645,000, adding $6,321 every year, while hoping to spend $30,609 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: 46/33/21 Blend
63$645,000$645,000$645,000$645,000
64$717,310$683,125$673,128$745,731
65$757,908$684,031$663,110$767,191
66$801,621$683,954$651,730$786,926
67$848,735$682,816$638,911$807,707
68$899,562$680,531$624,572$829,646
69$954,448$677,008$608,625$852,867
70$1,013,771$672,150$590,984$877,510
71$1,077,947$665,857$571,553$903,731
72$1,147,434$658,020$550,236$931,702
73$1,222,733$648,524$526,930$961,616
74$1,304,398$637,248$501,528$993,690
75$1,393,037$624,063$473,919$1,028,161
76$1,489,317$608,833$443,987$1,065,298
77$1,593,976$591,414$411,609$1,105,395
78$1,707,821$571,653$376,657$1,148,784
79$1,831,744$549,389$339,000$1,195,830
80$1,966,722$524,450$298,497$1,246,940
81$2,113,835$496,655$255,004$1,302,568
82$2,274,268$465,813$208,369$1,363,215
83$2,449,328$431,722$158,433$1,429,439
84$2,640,450$394,168$105,032$1,501,859
85$2,849,218$352,924$47,992$1,581,160
86$3,077,373$307,751$0$1,668,104
87$3,326,832$258,398$0$1,766,421
88$3,599,705$204,596$0$1,885,824
89$3,898,319$146,065$0$2,016,627
90$4,225,231$82,506$0$2,160,026
91$4,583,261$13,605$0$2,317,340
92$4,975,512$0$0$2,490,027
93$5,405,403$0$0$2,701,838
94$5,876,698$0$0$2,939,542
95$6,393,543$0$0$3,200,297
96$6,960,505$0$0$3,486,419
97$7,582,614$0$0$3,800,456
98$8,265,411$0$0$4,145,214
99$9,014,998$0$0$4,523,787
100$9,838,098$0$0$4,939,581