Can I retire at age 64 with 657,000?

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 $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%11.8%
1 years$54,254$53,771$53,300$52,839$52,390$51,995
2 years$26,859$26,358$25,874$25,404$24,948$24,549
3 years$17,728$17,226$16,742$16,276$15,828$15,438
4 years$13,163$12,663$12,184$11,726$11,289$10,911
5 years$10,425$9,928$9,455$9,007$8,581$8,217
6 years$8,601$8,107$7,641$7,203$6,790$6,440
7 years$7,298$6,808$6,350$5,922$5,522$5,185
8 years$6,321$5,836$5,385$4,968$4,581$4,258
9 years$5,562$5,081$4,638$4,231$3,858$3,549
10 years$4,955$4,479$4,044$3,647$3,287$2,992
11 years$4,459$3,987$3,560$3,174$2,827$2,545
12 years$4,045$3,579$3,159$2,784$2,450$2,181
13 years$3,696$3,234$2,823$2,458$2,136$1,880
14 years$3,396$2,940$2,536$2,182$1,873$1,629
15 years$3,137$2,685$2,290$1,946$1,649$1,417
16 years$2,911$2,464$2,076$1,742$1,457$1,238
17 years$2,711$2,269$1,889$1,566$1,292$1,084
18 years$2,534$2,097$1,725$1,411$1,149$952
19 years$2,375$1,943$1,579$1,275$1,024$838
20 years$2,233$1,806$1,449$1,155$915$739
21 years$2,104$1,682$1,333$1,048$819$652
22 years$1,987$1,570$1,228$953$734$577
23 years$1,881$1,468$1,134$868$659$511
24 years$1,783$1,376$1,049$791$592$453
25 years$1,694$1,291$971$723$533$402
26 years$1,611$1,213$901$661$480$357
27 years$1,535$1,142$837$605$433$318
28 years$1,464$1,076$778$554$390$283
29 years$1,399$1,015$724$508$352$251
30 years$1,337$959$674$466$318$224
31 years$1,280$906$629$428$288$200
32 years$1,227$858$586$394$260$178
33 years$1,177$812$548$362$236$159
34 years$1,130$770$512$333$213$141
35 years$1,085$730$478$307$193$126
36 years$1,043$693$447$282$175$113
37 years$1,004$658$419$260$159$101
38 years$967$625$392$240$144$90
39 years$932$595$367$221$131$80
40 years$898$566$344$204$118$72
41 years$867$539$323$188$107$64
42 years$836$513$303$174$97$57
43 years$808$489$284$160$88$51
44 years$781$466$267$148$80$46
45 years$755$444$251$137$73$41
46 years$730$424$235$126$66$36
47 years$706$404$221$117$60$33
48 years$684$386$208$108$55$29
49 years$662$369$195$100$50$26
50 years$641$352$184$92$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $657,000, adding $4,454 every year, while hoping to spend $42,647 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: 66/5/29 Blend
63$657,000$657,000$657,000$657,000
64$728,608$693,787$683,604$770,842
65$757,550$682,407$661,128$788,531
66$788,015$669,039$636,471$802,710
67$820,113$653,542$609,513$817,280
68$853,964$635,765$580,131$832,283
69$889,699$615,549$548,196$847,767
70$927,460$592,723$513,573$863,786
71$967,405$567,110$476,121$880,403
72$1,009,702$538,520$435,693$897,687
73$1,054,537$506,753$392,135$915,716
74$1,102,114$471,598$345,285$934,580
75$1,152,654$432,831$294,976$954,377
76$1,206,400$390,215$241,034$975,220
77$1,263,618$343,500$183,273$997,234
78$1,324,598$292,423$121,504$1,020,558
79$1,389,659$236,704$55,526$1,045,351
80$1,459,149$176,048$0$1,071,789
81$1,533,452$110,143$0$1,104,673
82$1,612,986$38,662$0$1,158,254
83$1,698,210$0$0$1,215,646
84$1,789,630$0$0$1,279,329
85$1,887,797$0$0$1,350,026
86$1,993,320$0$0$1,426,050
87$2,106,865$0$0$1,507,886
88$2,229,164$0$0$1,596,065
89$2,361,020$0$0$1,691,171
90$2,503,316$0$0$1,793,845
91$2,657,023$0$0$1,904,793
92$2,823,207$0$0$2,024,789
93$3,003,039$0$0$2,154,684
94$3,197,808$0$0$2,295,415
95$3,408,930$0$0$2,448,010
96$3,637,962$0$0$2,613,601
97$3,886,617$0$0$2,793,433
98$4,156,778$0$0$2,988,876
99$4,450,519$0$0$3,201,435
100$4,770,118$0$0$3,432,767