Can I retire at age 64 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$54,420$53,935$53,462$53,000$52,550$51,850
2 years$26,940$26,439$25,952$25,481$25,024$24,320
3 years$17,782$17,278$16,793$16,326$15,876$15,190
4 years$13,203$12,701$12,221$11,762$11,323$10,660
5 years$10,457$9,958$9,484$9,034$8,607$7,970
6 years$8,627$8,131$7,664$7,225$6,811$6,199
7 years$7,320$6,829$6,369$5,940$5,539$4,953
8 years$6,340$5,853$5,402$4,983$4,595$4,035
9 years$5,579$5,096$4,652$4,244$3,870$3,335
10 years$4,970$4,492$4,056$3,659$3,297$2,788
11 years$4,472$3,999$3,571$3,184$2,836$2,351
12 years$4,058$3,589$3,169$2,793$2,457$1,997
13 years$3,707$3,244$2,831$2,466$2,143$1,706
14 years$3,407$2,949$2,544$2,189$1,878$1,464
15 years$3,147$2,694$2,297$1,952$1,654$1,262
16 years$2,920$2,471$2,082$1,748$1,462$1,092
17 years$2,719$2,276$1,895$1,570$1,296$947
18 years$2,542$2,103$1,730$1,415$1,152$823
19 years$2,383$1,949$1,584$1,279$1,027$717
20 years$2,240$1,811$1,453$1,158$917$626
21 years$2,111$1,687$1,337$1,051$821$547
22 years$1,993$1,575$1,232$956$736$479
23 years$1,887$1,473$1,138$870$661$419
24 years$1,789$1,380$1,052$794$594$368
25 years$1,699$1,295$974$725$534$323
26 years$1,616$1,217$904$663$481$284
27 years$1,540$1,145$839$607$434$249
28 years$1,469$1,079$780$556$392$219
29 years$1,403$1,018$726$510$354$193
30 years$1,341$962$676$468$319$170
31 years$1,284$909$630$430$289$150
32 years$1,230$860$588$395$261$132
33 years$1,180$815$549$363$236$116
34 years$1,133$772$513$334$214$103
35 years$1,089$732$480$308$194$90
36 years$1,047$695$449$283$176$80
37 years$1,007$660$420$261$159$70
38 years$970$627$393$241$144$62
39 years$934$597$369$222$131$55
40 years$901$568$345$205$119$48
41 years$869$540$324$189$108$43
42 years$839$515$304$174$98$38
43 years$810$490$285$161$89$33
44 years$783$467$268$148$81$29
45 years$757$446$251$137$73$26
46 years$732$425$236$127$66$23
47 years$708$406$222$117$60$20
48 years$686$387$208$108$55$18
49 years$664$370$196$100$50$16
50 years$643$353$184$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $659,000, adding $3,487 every year, while hoping to spend $53,562 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: 87/6/7 Blend
63$659,000$659,000$659,000$659,000
64$729,815$694,888$684,673$792,633
65$747,266$671,948$650,620$811,154
66$764,703$646,089$613,631$823,736
67$782,066$617,110$573,552$835,834
68$799,290$584,802$530,219$847,359
69$816,301$548,941$483,465$858,213
70$833,015$509,290$433,112$868,290
71$849,337$465,600$378,976$877,470
72$865,162$417,607$320,864$885,620
73$880,371$365,031$258,575$892,596
74$894,830$307,579$191,898$898,235
75$908,390$244,939$120,615$902,359
76$920,886$176,781$44,496$904,773
77$932,132$102,758$0$905,259
78$941,920$22,504$0$906,322
79$950,020$0$0$908,678
80$956,174$0$0$912,978
81$960,098$0$0$916,622
82$961,474$0$0$917,820
83$959,948$0$0$916,231
84$955,130$0$0$911,482
85$946,584$0$0$903,155
86$933,828$0$0$890,788
87$916,328$0$0$873,868
88$893,491$0$0$851,827
89$864,662$0$0$824,036
90$829,113$0$0$789,798
91$786,040$0$0$748,341
92$734,553$0$0$698,813
93$673,667$0$0$640,267
94$602,292$0$0$571,661
95$519,224$0$0$491,839
96$423,132$0$0$399,523
97$312,543$0$0$293,304
98$185,831$0$0$171,620
99$41,198$0$0$32,749
100$0$0$0$0