Can I retire at age 64 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$53,511$53,035$52,570$52,116$51,672$50,342
2 years$26,491$25,997$25,519$25,056$24,606$23,274
3 years$17,485$16,990$16,513$16,053$15,611$14,320
4 years$12,983$12,489$12,017$11,566$11,134$9,893
5 years$10,283$9,792$9,326$8,883$8,464$7,277
6 years$8,483$7,996$7,537$7,104$6,697$5,565
7 years$7,198$6,715$6,263$5,841$5,447$4,370
8 years$6,235$5,756$5,311$4,900$4,518$3,496
9 years$5,486$5,011$4,575$4,173$3,805$2,837
10 years$4,887$4,417$3,988$3,598$3,242$2,327
11 years$4,397$3,932$3,511$3,131$2,788$1,924
12 years$3,990$3,530$3,116$2,746$2,416$1,602
13 years$3,645$3,190$2,784$2,425$2,107$1,341
14 years$3,350$2,899$2,502$2,152$1,847$1,127
15 years$3,094$2,649$2,259$1,919$1,626$951
16 years$2,871$2,430$2,048$1,719$1,437$804
17 years$2,674$2,238$1,863$1,544$1,274$682
18 years$2,499$2,068$1,701$1,392$1,133$580
19 years$2,343$1,917$1,557$1,257$1,010$494
20 years$2,202$1,781$1,429$1,139$902$421
21 years$2,075$1,659$1,314$1,034$807$359
22 years$1,960$1,549$1,211$940$724$307
23 years$1,855$1,448$1,119$856$650$263
24 years$1,759$1,357$1,035$781$584$225
25 years$1,671$1,273$958$713$525$193
26 years$1,589$1,197$889$652$473$165
27 years$1,514$1,126$825$597$427$142
28 years$1,444$1,061$767$547$385$121
29 years$1,379$1,001$714$501$348$104
30 years$1,319$946$665$460$314$89
31 years$1,263$894$620$423$284$77
32 years$1,210$846$578$388$257$66
33 years$1,160$801$540$357$232$57
34 years$1,114$759$505$329$210$49
35 years$1,070$720$472$302$191$42
36 years$1,029$683$441$279$173$36
37 years$990$649$413$257$157$31
38 years$954$617$387$237$142$27
39 years$919$587$362$218$129$23
40 years$886$558$340$201$117$20
41 years$855$531$319$186$106$17
42 years$825$506$299$171$96$14
43 years$797$482$280$158$87$12
44 years$770$460$263$146$79$11
45 years$744$438$247$135$72$9
46 years$720$418$232$125$65$8
47 years$697$399$218$115$59$7
48 years$674$381$205$106$54$6
49 years$653$364$193$98$49$5
50 years$633$347$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $648,000, adding $3,600 every year, while hoping to spend $29,343 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: 65/6/29 Blend
63$648,000$648,000$648,000$648,000
64$717,809$683,465$673,421$758,725
65$759,805$685,734$664,760$789,112
66$805,101$687,131$654,826$818,746
67$854,003$687,582$643,544$850,501
68$906,846$687,009$630,837$884,591
69$964,000$685,328$616,626$921,251
70$1,025,871$682,451$600,825$960,739
71$1,092,903$678,285$583,347$1,003,345
72$1,165,589$672,730$564,098$1,049,384
73$1,244,466$665,682$542,983$1,099,208
74$1,330,129$657,027$519,900$1,153,205
75$1,423,229$646,648$494,743$1,211,802
76$1,524,484$634,420$467,403$1,275,473
77$1,634,684$620,209$437,764$1,344,741
78$1,754,697$603,875$405,705$1,420,182
79$1,885,480$585,269$371,100$1,502,436
80$2,028,085$564,232$333,817$1,592,205
81$2,183,669$540,599$293,720$1,690,268
82$2,353,508$514,193$250,664$1,797,485
83$2,539,003$484,827$204,499$1,914,803
84$2,741,701$452,303$155,069$2,043,269
85$2,963,301$416,412$102,210$2,184,039
86$3,205,676$376,934$45,752$2,338,391
87$3,470,887$333,636$0$2,507,731
88$3,761,203$286,270$0$2,698,102
89$4,079,125$234,576$0$2,922,133
90$4,427,404$178,279$0$3,167,605
91$4,809,073$117,088$0$3,436,671
92$5,227,469$50,696$0$3,731,703
93$5,686,269$0$0$4,055,314
94$6,189,523$0$0$4,411,783
95$6,741,692$0$0$4,806,616
96$7,347,689$0$0$5,239,983
97$8,012,924$0$0$5,715,762
98$8,743,361$0$0$6,238,221
99$9,545,566$0$0$6,812,064
100$10,426,772$0$0$7,442,471