Can I retire at age 64 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,346$52,871$52,407$51,955$51,513$51,167
2 years$26,409$25,917$25,440$24,978$24,530$24,181
3 years$17,431$16,937$16,462$16,004$15,563$15,222
4 years$12,943$12,451$11,980$11,530$11,100$10,769
5 years$10,251$9,761$9,297$8,856$8,438$8,118
6 years$8,457$7,971$7,513$7,082$6,676$6,369
7 years$7,176$6,694$6,244$5,823$5,430$5,134
8 years$6,215$5,738$5,295$4,885$4,504$4,221
9 years$5,469$4,996$4,561$4,161$3,793$3,522
10 years$4,872$4,404$3,976$3,586$3,232$2,973
11 years$4,384$3,920$3,500$3,121$2,780$2,532
12 years$3,977$3,519$3,107$2,738$2,409$2,172
13 years$3,634$3,180$2,775$2,417$2,101$1,875
14 years$3,340$2,890$2,494$2,146$1,841$1,627
15 years$3,085$2,640$2,252$1,913$1,621$1,417
16 years$2,862$2,423$2,041$1,713$1,433$1,239
17 years$2,666$2,231$1,858$1,539$1,271$1,087
18 years$2,491$2,062$1,696$1,387$1,130$956
19 years$2,336$1,911$1,552$1,254$1,007$842
20 years$2,196$1,775$1,425$1,135$899$744
21 years$2,069$1,654$1,310$1,030$805$658
22 years$1,954$1,544$1,208$937$721$583
23 years$1,849$1,444$1,115$853$648$517
24 years$1,754$1,353$1,031$778$582$459
25 years$1,665$1,270$955$711$524$408
26 years$1,584$1,193$886$650$472$363
27 years$1,509$1,123$823$595$425$323
28 years$1,440$1,058$765$545$384$288
29 years$1,375$998$712$500$347$257
30 years$1,315$943$663$459$313$229
31 years$1,259$891$618$421$283$204
32 years$1,206$843$577$387$256$183
33 years$1,157$799$538$356$232$163
34 years$1,111$757$503$328$210$146
35 years$1,067$718$470$302$190$130
36 years$1,026$681$440$278$172$116
37 years$987$647$412$256$156$104
38 years$951$615$386$236$142$93
39 years$916$585$361$217$128$83
40 years$883$556$339$201$116$75
41 years$852$530$318$185$106$67
42 years$822$504$298$171$96$60
43 years$794$481$279$158$87$53
44 years$768$458$262$146$79$48
45 years$742$437$246$134$72$43
46 years$718$417$231$124$65$38
47 years$694$398$217$115$59$34
48 years$672$380$204$106$54$31
49 years$651$363$192$98$49$28
50 years$631$346$181$91$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $646,000, adding $6,233 every year, while hoping to spend $33,438 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: 74/19/7 Blend
63$646,000$646,000$646,000$646,000
64$718,321$684,083$674,070$770,327
65$756,012$682,026$661,074$803,373
66$796,427$678,746$646,521$834,722
67$839,808$674,151$630,325$868,111
68$886,422$668,137$612,394$903,732
69$936,560$660,599$592,633$941,793
70$990,543$651,423$570,940$982,528
71$1,048,725$640,488$547,213$1,026,192
72$1,111,490$627,668$521,340$1,073,067
73$1,179,266$612,827$493,208$1,123,464
74$1,252,518$595,822$462,698$1,177,729
75$1,331,760$576,503$429,684$1,236,240
76$1,417,557$554,709$394,036$1,299,416
77$1,510,529$530,271$355,617$1,367,719
78$1,611,358$503,009$314,285$1,441,661
79$1,720,794$472,735$269,891$1,521,805
80$1,839,663$439,246$222,280$1,608,772
81$1,968,872$402,333$171,290$1,703,248
82$2,109,419$361,769$116,751$1,805,992
83$2,262,404$317,320$58,485$1,917,839
84$2,429,034$268,734$0$2,039,711
85$2,610,640$215,746$0$2,172,904
86$2,808,687$158,079$0$2,322,944
87$3,024,784$95,436$0$2,486,714
88$3,260,706$27,507$0$2,665,597
89$3,518,406$0$0$2,861,121
90$3,800,031$0$0$3,084,595
91$4,107,949$0$0$3,335,247
92$4,444,764$0$0$3,609,450
93$4,813,345$0$0$3,909,542
94$5,216,851$0$0$4,238,101
95$5,658,760$0$0$4,597,960
96$6,142,902$0$0$4,992,243
97$6,673,495$0$0$5,424,391
98$7,255,185$0$0$5,898,189
99$7,893,088$0$0$6,417,811
100$8,592,841$0$0$6,987,852