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%13.9%
1 years$54,254$53,771$53,300$52,839$52,390$51,543
2 years$26,859$26,358$25,874$25,404$24,948$24,097
3 years$17,728$17,226$16,742$16,276$15,828$15,000
4 years$13,163$12,663$12,184$11,726$11,289$10,489
5 years$10,425$9,928$9,455$9,007$8,581$7,813
6 years$8,601$8,107$7,641$7,203$6,790$6,054
7 years$7,298$6,808$6,350$5,922$5,522$4,818
8 years$6,321$5,836$5,385$4,968$4,581$3,909
9 years$5,562$5,081$4,638$4,231$3,858$3,218
10 years$4,955$4,479$4,044$3,647$3,287$2,679
11 years$4,459$3,987$3,560$3,174$2,827$2,249
12 years$4,045$3,579$3,159$2,784$2,450$1,902
13 years$3,696$3,234$2,823$2,458$2,136$1,617
14 years$3,396$2,940$2,536$2,182$1,873$1,382
15 years$3,137$2,685$2,290$1,946$1,649$1,185
16 years$2,911$2,464$2,076$1,742$1,457$1,020
17 years$2,711$2,269$1,889$1,566$1,292$880
18 years$2,534$2,097$1,725$1,411$1,149$761
19 years$2,375$1,943$1,579$1,275$1,024$660
20 years$2,233$1,806$1,449$1,155$915$573
21 years$2,104$1,682$1,333$1,048$819$498
22 years$1,987$1,570$1,228$953$734$434
23 years$1,881$1,468$1,134$868$659$378
24 years$1,783$1,376$1,049$791$592$330
25 years$1,694$1,291$971$723$533$288
26 years$1,611$1,213$901$661$480$252
27 years$1,535$1,142$837$605$433$220
28 years$1,464$1,076$778$554$390$192
29 years$1,399$1,015$724$508$352$168
30 years$1,337$959$674$466$318$147
31 years$1,280$906$629$428$288$129
32 years$1,227$858$586$394$260$113
33 years$1,177$812$548$362$236$99
34 years$1,130$770$512$333$213$87
35 years$1,085$730$478$307$193$76
36 years$1,043$693$447$282$175$67
37 years$1,004$658$419$260$159$59
38 years$967$625$392$240$144$51
39 years$932$595$367$221$131$45
40 years$898$566$344$204$118$40
41 years$867$539$323$188$107$35
42 years$836$513$303$174$97$30
43 years$808$489$284$160$88$27
44 years$781$466$267$148$80$23
45 years$755$444$251$137$73$21
46 years$730$424$235$126$66$18
47 years$706$404$221$117$60$16
48 years$684$386$208$108$55$14
49 years$662$369$195$100$50$12
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 $6,640 every year, while hoping to spend $34,117 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: 64/14/22 Blend
63$657,000$657,000$657,000$657,000
64$730,863$696,042$685,859$773,083
65$769,111$693,848$672,535$800,138
66$810,117$690,403$657,621$825,252
67$854,125$685,609$641,028$851,908
68$901,406$679,365$622,663$880,258
69$952,255$671,559$602,427$910,473
70$1,006,996$662,076$580,219$942,741
71$1,065,985$650,793$555,932$977,272
72$1,129,614$637,580$529,454$1,014,297
73$1,198,312$622,299$500,668$1,054,072
74$1,272,552$604,804$469,453$1,096,882
75$1,352,852$584,939$435,680$1,143,040
76$1,439,784$562,543$399,216$1,192,896
77$1,533,975$537,440$359,923$1,246,834
78$1,636,114$509,448$317,654$1,305,281
79$1,746,961$478,374$272,258$1,368,709
80$1,867,348$444,012$223,576$1,437,641
81$1,998,194$406,145$171,442$1,512,654
82$2,140,508$364,544$115,684$1,594,388
83$2,295,401$318,968$56,121$1,683,548
84$2,464,095$269,160$0$1,780,918
85$2,647,934$214,851$0$1,889,107
86$2,848,399$155,754$0$2,021,498
87$3,067,117$91,568$0$2,166,005
88$3,305,883$21,974$0$2,323,847
89$3,566,670$0$0$2,496,365
90$3,851,649$0$0$2,693,261
91$4,163,214$0$0$2,912,270
92$4,503,997$0$0$3,151,863
93$4,876,899$0$0$3,414,084
94$5,285,111$0$0$3,701,185
95$5,732,150$0$0$4,015,644
96$6,221,888$0$0$4,360,192
97$6,758,589$0$0$4,737,835
98$7,346,948$0$0$5,151,884
99$7,992,138$0$0$5,605,985
100$8,699,855$0$0$6,104,157