Can I retire at age 64 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$53,594$53,116$52,651$52,196$51,752$50,216
2 years$26,532$26,037$25,559$25,094$24,644$23,109
3 years$17,512$17,016$16,538$16,078$15,635$14,150
4 years$13,003$12,508$12,035$11,583$11,151$9,726
5 years$10,299$9,807$9,340$8,897$8,477$7,117
6 years$8,496$8,008$7,548$7,115$6,707$5,413
7 years$7,209$6,725$6,273$5,850$5,455$4,226
8 years$6,244$5,765$5,320$4,907$4,525$3,362
9 years$5,494$5,019$4,582$4,180$3,811$2,711
10 years$4,895$4,424$3,994$3,603$3,247$2,210
11 years$4,404$3,939$3,517$3,136$2,793$1,816
12 years$3,996$3,535$3,121$2,750$2,420$1,502
13 years$3,651$3,195$2,788$2,428$2,110$1,248
14 years$3,355$2,904$2,505$2,156$1,850$1,042
15 years$3,099$2,653$2,262$1,922$1,629$873
16 years$2,875$2,434$2,051$1,721$1,440$733
17 years$2,678$2,241$1,866$1,547$1,276$618
18 years$2,503$2,071$1,704$1,394$1,135$521
19 years$2,346$1,920$1,560$1,259$1,012$440
20 years$2,206$1,784$1,431$1,141$904$373
21 years$2,079$1,661$1,317$1,035$809$316
22 years$1,963$1,551$1,213$941$725$268
23 years$1,858$1,451$1,120$857$651$227
24 years$1,762$1,359$1,036$782$585$193
25 years$1,673$1,275$960$714$526$164
26 years$1,592$1,199$890$653$474$139
27 years$1,516$1,128$826$598$427$119
28 years$1,446$1,063$768$547$386$101
29 years$1,382$1,003$715$502$348$86
30 years$1,321$947$666$461$315$73
31 years$1,265$895$621$423$284$62
32 years$1,212$847$579$389$257$53
33 years$1,162$802$541$358$233$45
34 years$1,116$760$505$329$211$38
35 years$1,072$721$472$303$191$33
36 years$1,031$685$442$279$173$28
37 years$992$650$414$257$157$24
38 years$955$618$387$237$142$20
39 years$920$588$363$218$129$17
40 years$887$559$340$201$117$15
41 years$856$532$319$186$106$13
42 years$826$507$299$172$96$11
43 years$798$483$281$158$87$9
44 years$771$460$264$146$79$8
45 years$745$439$247$135$72$7
46 years$721$419$232$125$65$6
47 years$698$400$218$115$59$5
48 years$675$381$205$106$54$4
49 years$654$364$193$98$49$3
50 years$634$348$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $649,000, adding $4,609 every year, while hoping to spend $42,751 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: 49/36/15 Blend
63$649,000$649,000$649,000$649,000
64$719,952$685,555$675,496$752,026
65$747,901$673,661$652,638$762,732
66$777,267$659,750$627,582$769,556
67$808,151$643,681$600,208$776,028
68$840,660$625,299$570,393$782,129
69$874,913$604,444$538,007$787,843
70$911,037$580,945$502,913$793,153
71$949,173$554,622$464,971$798,044
72$989,473$525,282$424,032$802,504
73$1,032,103$492,725$379,941$806,523
74$1,077,245$456,736$332,537$810,093
75$1,125,098$417,090$281,650$813,209
76$1,175,877$373,547$227,105$815,871
77$1,229,821$325,855$168,718$818,085
78$1,287,189$273,748$106,295$819,858
79$1,348,263$216,942$39,637$821,207
80$1,413,355$155,142$0$822,155
81$1,482,805$88,031$0$827,774
82$1,556,985$15,279$0$840,162
83$1,636,304$0$0$853,056
84$1,721,210$0$0$891,698
85$1,812,193$0$0$939,639
86$1,909,792$0$0$991,115
87$2,014,598$0$0$1,046,444
88$2,127,259$0$0$1,105,975
89$2,248,488$0$0$1,170,091
90$2,379,066$0$0$1,239,213
91$2,519,851$0$0$1,313,803
92$2,671,788$0$0$1,394,369
93$2,835,912$0$0$1,481,470
94$3,013,362$0$0$1,575,719
95$3,205,390$0$0$1,677,790
96$3,413,371$0$0$1,788,424
97$3,638,819$0$0$1,908,438
98$3,883,398$0$0$2,038,727
99$4,148,936$0$0$2,180,278
100$4,437,446$0$0$2,334,176