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%13.8%
1 years$53,676$53,198$52,732$52,276$51,832$51,015
2 years$26,572$26,078$25,598$25,133$24,682$23,861
3 years$17,539$17,042$16,564$16,103$15,659$14,860
4 years$13,023$12,528$12,054$11,601$11,168$10,397
5 years$10,314$9,822$9,354$8,911$8,490$7,748
6 years$8,509$8,020$7,560$7,126$6,718$6,007
7 years$7,220$6,735$6,282$5,859$5,463$4,784
8 years$6,254$5,773$5,328$4,915$4,532$3,884
9 years$5,503$5,027$4,589$4,186$3,817$3,199
10 years$4,902$4,431$4,001$3,609$3,252$2,664
11 years$4,411$3,945$3,522$3,141$2,797$2,238
12 years$4,002$3,540$3,126$2,755$2,424$1,894
13 years$3,656$3,200$2,793$2,432$2,114$1,612
14 years$3,360$2,908$2,509$2,159$1,853$1,378
15 years$3,104$2,657$2,266$1,925$1,631$1,183
16 years$2,880$2,438$2,054$1,724$1,442$1,019
17 years$2,682$2,245$1,869$1,549$1,278$880
18 years$2,507$2,074$1,706$1,396$1,137$761
19 years$2,350$1,923$1,562$1,261$1,013$660
20 years$2,209$1,786$1,433$1,142$905$574
21 years$2,082$1,664$1,319$1,037$810$499
22 years$1,966$1,553$1,215$943$726$435
23 years$1,861$1,453$1,122$858$652$379
24 years$1,764$1,361$1,038$783$586$331
25 years$1,676$1,277$961$715$527$289
26 years$1,594$1,201$891$654$475$253
27 years$1,519$1,130$828$598$428$221
28 years$1,449$1,065$769$548$386$194
29 years$1,384$1,004$716$503$349$170
30 years$1,323$949$667$461$315$149
31 years$1,267$897$622$424$285$130
32 years$1,214$848$580$390$258$114
33 years$1,164$803$542$358$233$100
34 years$1,117$762$506$330$211$88
35 years$1,074$722$473$303$191$77
36 years$1,032$686$443$279$173$68
37 years$993$651$414$257$157$59
38 years$957$619$388$237$142$52
39 years$922$588$364$219$129$46
40 years$889$560$341$202$117$40
41 years$857$533$319$186$106$35
42 years$828$508$300$172$96$31
43 years$799$484$281$159$87$27
44 years$772$461$264$146$79$24
45 years$747$440$248$135$72$21
46 years$722$419$233$125$65$18
47 years$699$400$219$115$59$16
48 years$676$382$206$107$54$14
49 years$655$365$193$99$49$13
50 years$635$348$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $650,000, adding $2,757 every year, while hoping to spend $28,900 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: 64/6/30 Blend
63$650,000$650,000$650,000$650,000
64$719,144$684,694$674,619$759,235
65$761,747$687,494$666,469$789,561
66$807,727$689,464$657,078$819,278
67$857,398$690,530$646,373$851,137
68$911,105$690,619$634,279$885,352
69$969,227$689,648$620,716$922,161
70$1,032,181$687,534$605,603$961,828
71$1,100,425$684,184$588,852$1,004,643
72$1,174,464$679,504$570,374$1,050,929
73$1,254,851$673,392$550,073$1,101,039
74$1,342,195$665,738$527,850$1,155,367
75$1,437,169$656,429$503,603$1,214,346
76$1,540,509$645,343$477,223$1,278,456
77$1,653,027$632,351$448,596$1,348,226
78$1,775,617$617,317$417,605$1,424,242
79$1,909,262$600,097$384,126$1,507,148
80$2,055,043$580,538$348,031$1,597,659
81$2,214,151$558,478$309,184$1,696,563
82$2,387,897$533,747$267,444$1,804,729
83$2,577,725$506,162$222,666$1,923,119
84$2,785,222$475,533$174,694$2,052,794
85$3,012,138$441,657$123,369$2,194,924
86$3,260,398$404,321$68,524$2,350,803
87$3,532,122$363,297$9,984$2,521,858
88$3,829,647$318,346$0$2,709,664
89$4,155,542$269,216$0$2,932,762
90$4,512,639$215,640$0$3,180,771
91$4,904,057$157,335$0$3,452,673
92$5,333,231$94,004$0$3,750,872
93$5,803,942$25,332$0$4,078,014
94$6,320,358$0$0$4,437,018
95$6,887,067$0$0$4,834,332
96$7,509,124$0$0$5,272,333
97$8,192,098$0$0$5,753,274
98$8,942,122$0$0$6,281,481
99$9,765,953$0$0$6,861,718
100$10,671,035$0$0$7,499,234