Can I retire at age 64 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$53,676$53,198$52,732$52,276$51,832$50,827
2 years$26,572$26,078$25,598$25,133$24,682$23,673
3 years$17,539$17,042$16,564$16,103$15,659$14,679
4 years$13,023$12,528$12,054$11,601$11,168$10,223
5 years$10,314$9,822$9,354$8,911$8,490$7,583
6 years$8,509$8,020$7,560$7,126$6,718$5,850
7 years$7,220$6,735$6,282$5,859$5,463$4,635
8 years$6,254$5,773$5,328$4,915$4,532$3,744
9 years$5,503$5,027$4,589$4,186$3,817$3,067
10 years$4,902$4,431$4,001$3,609$3,252$2,540
11 years$4,411$3,945$3,522$3,141$2,797$2,122
12 years$4,002$3,540$3,126$2,755$2,424$1,785
13 years$3,656$3,200$2,793$2,432$2,114$1,510
14 years$3,360$2,908$2,509$2,159$1,853$1,283
15 years$3,104$2,657$2,266$1,925$1,631$1,095
16 years$2,880$2,438$2,054$1,724$1,442$937
17 years$2,682$2,245$1,869$1,549$1,278$804
18 years$2,507$2,074$1,706$1,396$1,137$691
19 years$2,350$1,923$1,562$1,261$1,013$596
20 years$2,209$1,786$1,433$1,142$905$514
21 years$2,082$1,664$1,319$1,037$810$444
22 years$1,966$1,553$1,215$943$726$384
23 years$1,861$1,453$1,122$858$652$333
24 years$1,764$1,361$1,038$783$586$289
25 years$1,676$1,277$961$715$527$250
26 years$1,594$1,201$891$654$475$217
27 years$1,519$1,130$828$598$428$189
28 years$1,449$1,065$769$548$386$164
29 years$1,384$1,004$716$503$349$143
30 years$1,323$949$667$461$315$124
31 years$1,267$897$622$424$285$108
32 years$1,214$848$580$390$258$94
33 years$1,164$803$542$358$233$82
34 years$1,117$762$506$330$211$71
35 years$1,074$722$473$303$191$62
36 years$1,032$686$443$279$173$54
37 years$993$651$414$257$157$47
38 years$957$619$388$237$142$41
39 years$922$588$364$219$129$36
40 years$889$560$341$202$117$31
41 years$857$533$319$186$106$27
42 years$828$508$300$172$96$24
43 years$799$484$281$159$87$21
44 years$772$461$264$146$79$18
45 years$747$440$248$135$72$16
46 years$722$419$233$125$65$14
47 years$699$400$219$115$59$12
48 years$676$382$206$107$54$10
49 years$655$365$193$99$49$9
50 years$635$348$182$91$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $650,000, adding $5,788 every year, while hoping to spend $35,587 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: 45/38/17 Blend
63$650,000$650,000$650,000$650,000
64$722,270$687,820$677,745$751,010
65$758,078$683,659$662,585$767,523
66$796,345$678,102$645,725$781,405
67$837,284$671,041$627,070$795,701
68$881,131$662,366$606,520$810,466
69$928,141$651,956$583,973$825,759
70$978,596$639,687$559,321$841,652
71$1,032,804$625,423$532,449$858,225
72$1,091,105$609,023$503,241$875,568
73$1,153,871$590,338$471,573$893,785
74$1,221,510$569,209$437,315$912,994
75$1,294,471$545,468$400,333$933,325
76$1,373,249$518,937$360,485$954,928
77$1,458,383$489,429$317,625$977,971
78$1,550,472$456,744$271,598$1,002,643
79$1,650,168$420,673$222,245$1,029,158
80$1,758,192$380,992$169,397$1,057,754
81$1,875,335$337,468$112,879$1,088,699
82$2,002,467$289,853$52,509$1,122,295
83$2,140,547$237,883$0$1,158,877
84$2,290,626$181,283$0$1,200,985
85$2,453,863$119,759$0$1,257,183
86$2,631,532$53,003$0$1,318,444
87$2,825,037$0$0$1,385,336
88$3,035,918$0$0$1,466,559
89$3,265,876$0$0$1,579,368
90$3,516,778$0$0$1,702,525
91$3,790,683$0$0$1,837,049
92$4,089,855$0$0$1,984,061
93$4,416,786$0$0$2,144,798
94$4,774,223$0$0$2,320,617
95$5,165,185$0$0$2,513,018
96$5,593,002$0$0$2,723,648
97$6,061,337$0$0$2,954,322
98$6,574,224$0$0$3,207,041
99$7,136,106$0$0$3,484,005
100$7,751,877$0$0$3,787,640