Can I retire at age 64 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$53,842$53,362$52,894$52,437$51,991$51,599
2 years$26,654$26,158$25,677$25,210$24,758$24,362
3 years$17,593$17,094$16,615$16,152$15,707$15,321
4 years$13,063$12,566$12,091$11,637$11,203$10,828
5 years$10,346$9,852$9,383$8,938$8,516$8,155
6 years$8,535$8,045$7,583$7,148$6,738$6,390
7 years$7,242$6,756$6,302$5,877$5,480$5,146
8 years$6,273$5,791$5,344$4,930$4,546$4,226
9 years$5,520$5,042$4,603$4,199$3,829$3,522
10 years$4,917$4,445$4,013$3,620$3,262$2,969
11 years$4,425$3,957$3,533$3,150$2,806$2,526
12 years$4,014$3,551$3,135$2,763$2,431$2,164
13 years$3,668$3,209$2,801$2,439$2,120$1,866
14 years$3,371$2,917$2,517$2,165$1,858$1,617
15 years$3,113$2,665$2,272$1,931$1,636$1,407
16 years$2,889$2,445$2,060$1,729$1,446$1,228
17 years$2,690$2,252$1,875$1,554$1,282$1,076
18 years$2,515$2,081$1,711$1,400$1,140$944
19 years$2,357$1,928$1,567$1,265$1,016$831
20 years$2,216$1,792$1,438$1,146$908$733
21 years$2,088$1,669$1,323$1,040$812$647
22 years$1,972$1,558$1,219$946$728$573
23 years$1,867$1,457$1,126$861$654$507
24 years$1,770$1,365$1,041$785$587$450
25 years$1,681$1,281$964$717$529$399
26 years$1,599$1,204$894$656$476$354
27 years$1,523$1,133$830$600$429$315
28 years$1,453$1,068$772$550$387$280
29 years$1,388$1,007$718$504$350$250
30 years$1,327$951$669$463$316$222
31 years$1,270$899$624$425$286$198
32 years$1,217$851$582$391$258$177
33 years$1,168$806$543$359$234$157
34 years$1,121$764$508$331$212$140
35 years$1,077$725$475$304$192$125
36 years$1,036$688$444$280$174$112
37 years$996$653$416$258$158$100
38 years$959$621$389$238$143$89
39 years$925$590$365$219$130$80
40 years$891$562$342$202$117$71
41 years$860$535$320$187$107$64
42 years$830$509$301$172$97$57
43 years$802$485$282$159$88$51
44 years$775$462$265$147$80$45
45 years$749$441$249$136$72$41
46 years$724$421$234$125$66$36
47 years$701$401$219$116$60$32
48 years$679$383$206$107$54$29
49 years$657$366$194$99$49$26
50 years$637$350$182$91$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $652,000, adding $3,583 every year, while hoping to spend $50,266 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: 67/17/16 Blend
63$652,000$652,000$652,000$652,000
64$722,200$687,644$677,538$767,591
65$742,382$667,856$646,753$778,563
66$762,937$645,413$613,252$784,336
67$783,852$620,134$576,890$789,400
68$805,107$591,822$537,519$793,681
69$826,681$560,275$494,979$797,102
70$848,549$525,275$449,107$799,577
71$870,680$486,592$399,731$801,016
72$893,039$443,985$346,672$801,319
73$915,585$397,197$289,741$800,379
74$938,272$345,956$228,745$798,083
75$961,046$289,979$163,478$794,306
76$983,846$228,960$93,728$788,913
77$1,006,601$162,583$19,271$781,759
78$1,029,234$90,508$0$772,688
79$1,051,653$12,381$0$771,805
80$1,073,759$0$0$772,831
81$1,095,436$0$0$785,819
82$1,116,558$0$0$800,690
83$1,136,980$0$0$815,021
84$1,156,540$0$0$828,693
85$1,175,059$0$0$841,571
86$1,192,334$0$0$853,507
87$1,208,140$0$0$864,331
88$1,222,225$0$0$873,858
89$1,234,308$0$0$881,881
90$1,244,078$0$0$888,166
91$1,251,186$0$0$892,457
92$1,255,246$0$0$894,467
93$1,255,828$0$0$893,878
94$1,252,454$0$0$890,337
95$1,244,595$0$0$883,451
96$1,231,662$0$0$872,784
97$1,213,005$0$0$857,856
98$1,187,899$0$0$838,130
99$1,155,544$0$0$813,014
100$1,115,053$0$0$781,852