Can I retire at age 64 with 652,000?

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 $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%16.6%
1 years$53,842$53,362$52,894$52,437$51,991$50,591
2 years$26,654$26,158$25,677$25,210$24,758$23,357
3 years$17,593$17,094$16,615$16,152$15,707$14,350
4 years$13,063$12,566$12,091$11,637$11,203$9,899
5 years$10,346$9,852$9,383$8,938$8,516$7,270
6 years$8,535$8,045$7,583$7,148$6,738$5,551
7 years$7,242$6,756$6,302$5,877$5,480$4,351
8 years$6,273$5,791$5,344$4,930$4,546$3,475
9 years$5,520$5,042$4,603$4,199$3,829$2,815
10 years$4,917$4,445$4,013$3,620$3,262$2,304
11 years$4,425$3,957$3,533$3,150$2,806$1,902
12 years$4,014$3,551$3,135$2,763$2,431$1,580
13 years$3,668$3,209$2,801$2,439$2,120$1,320
14 years$3,371$2,917$2,517$2,165$1,858$1,107
15 years$3,113$2,665$2,272$1,931$1,636$932
16 years$2,889$2,445$2,060$1,729$1,446$787
17 years$2,690$2,252$1,875$1,554$1,282$666
18 years$2,515$2,081$1,711$1,400$1,140$565
19 years$2,357$1,928$1,567$1,265$1,016$480
20 years$2,216$1,792$1,438$1,146$908$408
21 years$2,088$1,669$1,323$1,040$812$348
22 years$1,972$1,558$1,219$946$728$296
23 years$1,867$1,457$1,126$861$654$253
24 years$1,770$1,365$1,041$785$587$216
25 years$1,681$1,281$964$717$529$185
26 years$1,599$1,204$894$656$476$158
27 years$1,523$1,133$830$600$429$135
28 years$1,453$1,068$772$550$387$115
29 years$1,388$1,007$718$504$350$99
30 years$1,327$951$669$463$316$85
31 years$1,270$899$624$425$286$72
32 years$1,217$851$582$391$258$62
33 years$1,168$806$543$359$234$53
34 years$1,121$764$508$331$212$46
35 years$1,077$725$475$304$192$39
36 years$1,036$688$444$280$174$33
37 years$996$653$416$258$158$29
38 years$959$621$389$238$143$25
39 years$925$590$365$219$130$21
40 years$891$562$342$202$117$18
41 years$860$535$320$187$107$16
42 years$830$509$301$172$97$13
43 years$802$485$282$159$88$11
44 years$775$462$265$147$80$10
45 years$749$441$249$136$72$8
46 years$724$421$234$125$66$7
47 years$701$401$219$116$60$6
48 years$679$383$206$107$54$5
49 years$657$366$194$99$49$5
50 years$637$350$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $652,000, adding $2,155 every year, while hoping to spend $45,071 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: 39/42/19 Blend
63$652,000$652,000$652,000$652,000
64$720,727$686,171$676,065$744,674
65$746,286$671,838$650,758$747,723
66$772,941$655,292$623,092$746,558
67$800,757$636,378$592,942$744,362
68$829,803$614,929$560,174$741,069
69$860,154$590,771$524,651$736,605
70$891,891$563,720$486,228$730,895
71$925,100$533,579$444,753$723,862
72$959,878$500,142$400,070$715,424
73$996,326$463,189$352,013$705,497
74$1,034,555$422,490$300,409$693,992
75$1,074,688$377,799$245,081$680,819
76$1,116,853$328,859$185,838$665,883
77$1,161,195$275,396$122,487$649,087
78$1,207,868$217,122$54,821$630,331
79$1,257,042$153,731$0$609,511
80$1,308,898$84,903$0$590,045
81$1,363,639$10,296$0$580,390
82$1,421,482$0$0$569,354
83$1,482,666$0$0$589,432
84$1,547,451$0$0$615,770
85$1,616,121$0$0$643,730
86$1,688,986$0$0$673,444
87$1,766,386$0$0$705,057
88$1,848,692$0$0$738,726
89$1,936,311$0$0$774,625
90$2,029,687$0$0$812,943
91$2,129,307$0$0$853,887
92$2,235,705$0$0$897,686
93$2,349,466$0$0$944,588
94$2,471,231$0$0$994,867
95$2,601,702$0$0$1,048,824
96$2,741,651$0$0$1,106,787
97$2,891,924$0$0$1,169,119
98$3,053,450$0$0$1,236,216
99$3,227,248$0$0$1,308,513
100$3,414,437$0$0$1,386,491