Can I retire at age 64 with 657,000?

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 $657,000?

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$54,254$53,771$53,300$52,839$52,390$51,565
2 years$26,859$26,358$25,874$25,404$24,948$24,118
3 years$17,728$17,226$16,742$16,276$15,828$15,020
4 years$13,163$12,663$12,184$11,726$11,289$10,509
5 years$10,425$9,928$9,455$9,007$8,581$7,832
6 years$8,601$8,107$7,641$7,203$6,790$6,072
7 years$7,298$6,808$6,350$5,922$5,522$4,835
8 years$6,321$5,836$5,385$4,968$4,581$3,925
9 years$5,562$5,081$4,638$4,231$3,858$3,233
10 years$4,955$4,479$4,044$3,647$3,287$2,693
11 years$4,459$3,987$3,560$3,174$2,827$2,262
12 years$4,045$3,579$3,159$2,784$2,450$1,914
13 years$3,696$3,234$2,823$2,458$2,136$1,629
14 years$3,396$2,940$2,536$2,182$1,873$1,393
15 years$3,137$2,685$2,290$1,946$1,649$1,195
16 years$2,911$2,464$2,076$1,742$1,457$1,030
17 years$2,711$2,269$1,889$1,566$1,292$889
18 years$2,534$2,097$1,725$1,411$1,149$770
19 years$2,375$1,943$1,579$1,275$1,024$668
20 years$2,233$1,806$1,449$1,155$915$580
21 years$2,104$1,682$1,333$1,048$819$505
22 years$1,987$1,570$1,228$953$734$440
23 years$1,881$1,468$1,134$868$659$383
24 years$1,783$1,376$1,049$791$592$335
25 years$1,694$1,291$971$723$533$293
26 years$1,611$1,213$901$661$480$256
27 years$1,535$1,142$837$605$433$224
28 years$1,464$1,076$778$554$390$196
29 years$1,399$1,015$724$508$352$172
30 years$1,337$959$674$466$318$150
31 years$1,280$906$629$428$288$132
32 years$1,227$858$586$394$260$116
33 years$1,177$812$548$362$236$101
34 years$1,130$770$512$333$213$89
35 years$1,085$730$478$307$193$78
36 years$1,043$693$447$282$175$68
37 years$1,004$658$419$260$159$60
38 years$967$625$392$240$144$53
39 years$932$595$367$221$131$46
40 years$898$566$344$204$118$41
41 years$867$539$323$188$107$36
42 years$836$513$303$174$97$31
43 years$808$489$284$160$88$28
44 years$781$466$267$148$80$24
45 years$755$444$251$137$73$21
46 years$730$424$235$126$66$19
47 years$706$404$221$117$60$16
48 years$684$386$208$108$55$14
49 years$662$369$195$100$50$13
50 years$641$352$184$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $657,000, adding $3,284 every year, while hoping to spend $22,031 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: 70/9/21 Blend
63$657,000$657,000$657,000$657,000
64$727,401$692,580$682,397$774,327
65$778,156$703,076$681,816$816,567
66$833,348$713,348$680,478$859,883
67$893,409$723,361$678,333$906,756
68$958,810$733,079$675,331$957,538
69$1,030,072$742,463$671,418$1,012,613
70$1,107,766$751,471$666,537$1,072,407
71$1,192,524$760,058$660,631$1,137,389
72$1,285,037$768,176$653,638$1,208,076
73$1,386,069$775,775$645,493$1,285,038
74$1,496,459$782,800$636,129$1,368,902
75$1,617,134$789,193$625,475$1,460,363
76$1,749,110$794,892$613,457$1,560,183
77$1,893,510$799,832$599,998$1,669,204
78$2,051,567$803,943$585,017$1,788,354
79$2,224,641$807,150$568,429$1,918,658
80$2,414,228$809,374$550,146$2,061,242
81$2,621,978$810,532$530,074$2,217,350
82$2,849,705$810,533$508,117$2,388,354
83$3,099,409$809,284$484,173$2,575,765
84$3,373,293$806,683$458,137$2,781,249
85$3,673,782$802,623$429,897$3,006,645
86$4,003,547$796,992$399,339$3,253,976
87$4,365,533$789,668$366,340$3,525,475
88$4,762,980$780,525$330,776$3,823,605
89$5,199,460$769,427$292,513$4,151,078
90$5,678,907$756,230$251,414$4,510,887
91$6,205,653$740,784$207,334$4,906,327
92$6,784,475$722,927$160,125$5,341,034
93$7,420,630$702,489$109,628$5,819,017
94$8,119,913$679,290$55,679$6,344,691
95$8,888,708$653,139$0$6,922,926
96$9,734,048$623,835$0$7,559,514
97$10,663,682$591,163$0$8,273,290
98$11,686,146$554,899$0$9,058,327
99$12,810,846$514,803$0$9,921,860
100$14,048,147$470,622$0$10,871,858