Can I retire at age 64 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$54,089$53,607$53,137$52,679$52,231$50,742
2 years$26,777$26,278$25,795$25,326$24,872$23,383
3 years$17,674$17,173$16,691$16,227$15,780$14,338
4 years$13,123$12,624$12,147$11,690$11,254$9,871
5 years$10,394$9,897$9,426$8,979$8,555$7,234
6 years$8,575$8,082$7,618$7,181$6,769$5,511
7 years$7,276$6,787$6,331$5,904$5,505$4,310
8 years$6,302$5,818$5,369$4,953$4,567$3,435
9 years$5,545$5,066$4,624$4,218$3,846$2,775
10 years$4,940$4,465$4,031$3,636$3,277$2,266
11 years$4,445$3,975$3,549$3,165$2,819$1,866
12 years$4,033$3,568$3,150$2,776$2,442$1,546
13 years$3,684$3,224$2,814$2,451$2,130$1,288
14 years$3,386$2,931$2,529$2,175$1,867$1,077
15 years$3,128$2,677$2,283$1,940$1,644$904
16 years$2,902$2,456$2,070$1,737$1,453$761
17 years$2,703$2,262$1,883$1,561$1,288$642
18 years$2,526$2,090$1,719$1,407$1,145$543
19 years$2,368$1,937$1,574$1,271$1,021$460
20 years$2,226$1,800$1,445$1,151$912$390
21 years$2,098$1,677$1,329$1,045$816$331
22 years$1,981$1,565$1,225$950$731$282
23 years$1,875$1,464$1,131$865$657$240
24 years$1,778$1,372$1,046$789$590$204
25 years$1,689$1,287$969$721$531$174
26 years$1,606$1,210$898$659$478$148
27 years$1,530$1,139$834$603$431$126
28 years$1,460$1,073$775$553$389$108
29 years$1,394$1,012$722$507$351$92
30 years$1,333$956$672$465$318$78
31 years$1,276$904$627$427$287$67
32 years$1,223$855$585$392$260$57
33 years$1,173$810$546$361$235$49
34 years$1,126$767$510$332$213$42
35 years$1,082$728$477$306$193$36
36 years$1,040$691$446$282$175$30
37 years$1,001$656$418$259$158$26
38 years$964$624$391$239$143$22
39 years$929$593$366$220$130$19
40 years$895$564$343$203$118$16
41 years$864$537$322$188$107$14
42 years$834$511$302$173$97$12
43 years$805$487$283$160$88$10
44 years$778$464$266$148$80$9
45 years$752$443$250$136$73$7
46 years$728$423$235$126$66$6
47 years$704$403$220$116$60$5
48 years$682$385$207$107$54$5
49 years$660$368$195$99$49$4
50 years$640$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $655,000, adding $3,816 every year, while hoping to spend $30,572 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: 67/28/5 Blend
63$655,000$655,000$655,000$655,000
64$725,746$691,031$680,879$773,672
65$767,244$692,363$671,160$807,254
66$811,950$692,736$660,091$839,885
67$860,159$692,070$647,594$874,727
68$912,195$690,282$633,588$911,989
69$968,414$687,281$617,988$951,905
70$1,029,208$682,973$600,706$994,730
71$1,095,005$677,257$581,649$1,040,748
72$1,166,281$670,027$560,719$1,090,271
73$1,243,553$661,170$537,814$1,143,646
74$1,327,393$650,566$512,829$1,201,253
75$1,418,431$638,087$485,653$1,263,514
76$1,517,358$623,600$456,169$1,330,894
77$1,624,934$606,962$424,256$1,403,906
78$1,741,996$588,022$389,787$1,483,117
79$1,869,464$566,620$352,630$1,569,155
80$2,008,353$542,588$312,647$1,662,710
81$2,159,777$515,747$269,692$1,764,545
82$2,324,963$485,907$223,616$1,875,504
83$2,505,262$452,869$174,260$1,996,517
84$2,702,161$416,422$121,460$2,128,612
85$2,917,297$376,342$65,044$2,272,922
86$3,152,471$332,393$4,832$2,430,700
87$3,409,668$284,324$0$2,603,327
88$3,691,071$231,874$0$2,795,500
89$3,999,087$174,762$0$3,006,212
90$4,336,363$112,694$0$3,237,075
91$4,705,816$45,361$0$3,490,152
92$5,110,659$0$0$3,767,717
93$5,554,429$0$0$4,080,774
94$6,041,021$0$0$4,439,405
95$6,574,727$0$0$4,832,803
96$7,160,273$0$0$5,264,455
97$7,802,864$0$0$5,738,205
98$8,508,236$0$0$6,258,285
99$9,282,704$0$0$6,829,360
100$10,133,227$0$0$7,456,566