Can I retire at age 64 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$54,337$53,853$53,381$52,920$52,470$50,548
2 years$26,900$26,399$25,913$25,442$24,986$23,071
3 years$17,755$17,252$16,767$16,301$15,852$14,004
4 years$13,183$12,682$12,202$11,744$11,306$9,539
5 years$10,441$9,943$9,470$9,021$8,594$6,914
6 years$8,614$8,119$7,653$7,214$6,800$5,207
7 years$7,309$6,818$6,360$5,931$5,531$4,024
8 years$6,331$5,845$5,393$4,975$4,588$3,167
9 years$5,570$5,089$4,645$4,238$3,864$2,526
10 years$4,962$4,485$4,050$3,653$3,292$2,036
11 years$4,465$3,993$3,565$3,179$2,831$1,653
12 years$4,051$3,584$3,164$2,789$2,454$1,351
13 years$3,701$3,239$2,827$2,462$2,140$1,109
14 years$3,402$2,944$2,540$2,185$1,876$915
15 years$3,142$2,689$2,293$1,949$1,651$757
16 years$2,915$2,468$2,079$1,745$1,460$627
17 years$2,715$2,273$1,892$1,568$1,294$521
18 years$2,538$2,100$1,727$1,413$1,151$434
19 years$2,379$1,946$1,581$1,277$1,026$362
20 years$2,236$1,808$1,451$1,156$916$302
21 years$2,107$1,685$1,335$1,050$820$252
22 years$1,990$1,572$1,230$954$735$211
23 years$1,884$1,471$1,136$869$660$176
24 years$1,786$1,378$1,050$793$593$148
25 years$1,696$1,293$973$724$534$124
26 years$1,614$1,215$902$662$481$104
27 years$1,537$1,144$838$606$433$87
28 years$1,467$1,078$779$555$391$73
29 years$1,401$1,017$725$509$353$61
30 years$1,339$960$675$467$319$51
31 years$1,282$908$629$429$288$43
32 years$1,229$859$587$394$261$36
33 years$1,178$813$548$363$236$30
34 years$1,131$771$512$334$214$25
35 years$1,087$731$479$307$194$21
36 years$1,045$694$448$283$175$18
37 years$1,006$659$419$261$159$15
38 years$968$626$393$240$144$13
39 years$933$596$368$221$131$11
40 years$900$567$345$204$119$9
41 years$868$539$323$188$108$7
42 years$838$514$303$174$98$6
43 years$809$490$285$161$89$5
44 years$782$467$267$148$80$4
45 years$756$445$251$137$73$4
46 years$731$424$236$126$66$3
47 years$707$405$221$117$60$3
48 years$685$387$208$108$55$2
49 years$663$369$196$100$50$2
50 years$642$353$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $658,000, adding $4,483 every year, while hoping to spend $31,162 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: 56/18/26 Blend
63$658,000$658,000$658,000$658,000
64$729,740$694,866$684,667$765,174
65$771,018$695,759$674,447$790,889
66$815,461$695,650$662,841$815,255
67$863,360$694,459$649,768$841,157
68$915,034$692,099$635,146$868,754
69$970,832$688,476$618,888$898,221
70$1,031,139$683,494$600,903$929,753
71$1,096,378$677,047$581,096$963,564
72$1,167,013$669,027$559,368$999,896
73$1,243,555$659,317$535,613$1,039,012
74$1,326,566$647,792$509,725$1,081,207
75$1,416,663$634,321$481,588$1,126,807
76$1,514,527$618,767$451,085$1,176,173
77$1,620,903$600,981$418,091$1,229,705
78$1,736,614$580,808$382,476$1,287,847
79$1,862,565$558,084$344,105$1,351,089
80$1,999,751$532,633$302,837$1,419,974
81$2,149,266$504,273$258,523$1,495,105
82$2,312,316$472,808$211,008$1,577,146
83$2,490,228$438,031$160,133$1,666,834
84$2,684,462$399,725$105,728$1,764,983
85$2,896,625$357,660$47,618$1,872,496
86$3,128,487$311,591$0$1,990,369
87$3,381,995$261,261$0$2,123,698
88$3,659,295$206,400$0$2,284,065
89$3,962,748$146,718$0$2,459,650
90$4,294,954$81,913$0$2,651,998
91$4,658,778$11,666$0$2,862,816
92$5,057,372$0$0$3,093,987
93$5,494,211$0$0$3,360,335
94$5,973,118$0$0$3,654,925
95$6,498,306$0$0$3,978,046
96$7,074,415$0$0$4,332,560
97$7,706,555$0$0$4,721,621
98$8,400,356$0$0$5,148,701
99$9,162,019$0$0$5,617,625
100$9,998,373$0$0$6,132,608