Can I retire at age 64 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$54,172$53,689$53,219$52,759$52,310$50,963
2 years$26,818$26,318$25,834$25,365$24,910$23,561
3 years$17,701$17,199$16,716$16,252$15,804$14,496
4 years$13,143$12,643$12,165$11,708$11,271$10,015
5 years$10,410$9,913$9,441$8,993$8,568$7,367
6 years$8,588$8,094$7,630$7,192$6,780$5,634
7 years$7,287$6,798$6,340$5,913$5,514$4,424
8 years$6,312$5,827$5,377$4,960$4,574$3,540
9 years$5,553$5,073$4,631$4,225$3,852$2,872
10 years$4,947$4,472$4,038$3,642$3,282$2,355
11 years$4,452$3,981$3,555$3,170$2,823$1,948
12 years$4,039$3,573$3,155$2,780$2,446$1,622
13 years$3,690$3,229$2,818$2,454$2,133$1,357
14 years$3,391$2,935$2,532$2,179$1,870$1,141
15 years$3,133$2,681$2,286$1,943$1,646$962
16 years$2,906$2,460$2,073$1,740$1,455$814
17 years$2,707$2,266$1,886$1,563$1,290$691
18 years$2,530$2,094$1,722$1,409$1,147$587
19 years$2,372$1,940$1,576$1,273$1,023$500
20 years$2,230$1,803$1,447$1,153$913$426
21 years$2,101$1,679$1,331$1,046$817$364
22 years$1,984$1,568$1,226$951$733$311
23 years$1,878$1,466$1,132$866$658$266
24 years$1,781$1,374$1,047$790$591$228
25 years$1,691$1,289$970$722$532$195
26 years$1,609$1,212$900$660$479$167
27 years$1,533$1,140$835$604$432$143
28 years$1,462$1,074$777$553$390$123
29 years$1,396$1,014$723$507$352$105
30 years$1,335$957$673$466$318$91
31 years$1,278$905$628$428$288$78
32 years$1,225$856$586$393$260$67
33 years$1,175$811$547$361$235$57
34 years$1,128$769$511$333$213$49
35 years$1,084$729$478$306$193$42
36 years$1,042$692$447$282$175$36
37 years$1,003$657$418$260$158$31
38 years$965$625$392$239$144$27
39 years$930$594$367$221$130$23
40 years$897$565$344$204$118$20
41 years$865$538$322$188$107$17
42 years$835$512$302$173$97$15
43 years$807$488$284$160$88$13
44 years$779$465$266$148$80$11
45 years$754$444$250$137$73$9
46 years$729$423$235$126$66$8
47 years$705$404$221$116$60$7
48 years$683$386$207$108$54$6
49 years$661$368$195$99$49$5
50 years$640$352$183$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $656,000, adding $3,533 every year, while hoping to spend $40,927 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: 68/6/26 Blend
63$656,000$656,000$656,000$656,000
64$726,556$691,788$681,620$770,856
65$757,119$682,140$660,909$791,409
66$789,427$670,647$638,131$808,887
67$823,616$657,176$613,176$827,068
68$859,833$641,586$585,925$846,022
69$898,239$623,726$556,256$865,827
70$939,009$603,438$524,040$886,570
71$982,335$580,554$489,144$908,350
72$1,028,429$554,897$451,425$931,274
73$1,077,520$526,278$410,740$955,465
74$1,129,860$494,499$366,933$981,058
75$1,185,726$459,349$319,845$1,008,203
76$1,245,420$420,607$269,309$1,037,069
77$1,309,272$378,037$215,151$1,067,841
78$1,377,648$331,391$157,188$1,100,730
79$1,450,945$280,406$95,231$1,135,964
80$1,529,601$224,805$29,081$1,173,803
81$1,614,096$164,296$0$1,214,531
82$1,704,956$98,569$0$1,269,981
83$1,802,760$27,297$0$1,338,350
84$1,908,142$0$0$1,412,013
85$2,021,801$0$0$1,494,762
86$2,144,502$0$0$1,586,070
87$2,277,088$0$0$1,684,765
88$2,420,484$0$0$1,791,540
89$2,575,707$0$0$1,907,157
90$2,743,876$0$0$2,032,452
91$2,926,219$0$0$2,168,346
92$3,124,088$0$0$2,315,851
93$3,338,972$0$0$2,476,082
94$3,572,505$0$0$2,650,263
95$3,826,486$0$0$2,839,741
96$4,102,895$0$0$3,045,999
97$4,403,910$0$0$3,270,669
98$4,731,928$0$0$3,515,545
99$5,089,587$0$0$3,782,604
100$5,479,790$0$0$4,074,019