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%12.1%
1 years$54,420$53,935$53,462$53,000$52,550$52,088
2 years$26,940$26,439$25,952$25,481$25,024$24,558
3 years$17,782$17,278$16,793$16,326$15,876$15,421
4 years$13,203$12,701$12,221$11,762$11,323$10,883
5 years$10,457$9,958$9,484$9,034$8,607$8,183
6 years$8,627$8,131$7,664$7,225$6,811$6,402
7 years$7,320$6,829$6,369$5,940$5,539$5,147
8 years$6,340$5,853$5,402$4,983$4,595$4,219
9 years$5,579$5,096$4,652$4,244$3,870$3,510
10 years$4,970$4,492$4,056$3,659$3,297$2,954
11 years$4,472$3,999$3,571$3,184$2,836$2,508
12 years$4,058$3,589$3,169$2,793$2,457$2,145
13 years$3,707$3,244$2,831$2,466$2,143$1,846
14 years$3,407$2,949$2,544$2,189$1,878$1,596
15 years$3,147$2,694$2,297$1,952$1,654$1,386
16 years$2,920$2,471$2,082$1,748$1,462$1,208
17 years$2,719$2,276$1,895$1,570$1,296$1,056
18 years$2,542$2,103$1,730$1,415$1,152$925
19 years$2,383$1,949$1,584$1,279$1,027$812
20 years$2,240$1,811$1,453$1,158$917$715
21 years$2,111$1,687$1,337$1,051$821$630
22 years$1,993$1,575$1,232$956$736$556
23 years$1,887$1,473$1,138$870$661$491
24 years$1,789$1,380$1,052$794$594$434
25 years$1,699$1,295$974$725$534$385
26 years$1,616$1,217$904$663$481$341
27 years$1,540$1,145$839$607$434$302
28 years$1,469$1,079$780$556$392$268
29 years$1,403$1,018$726$510$354$238
30 years$1,341$962$676$468$319$212
31 years$1,284$909$630$430$289$188
32 years$1,230$860$588$395$261$167
33 years$1,180$815$549$363$236$149
34 years$1,133$772$513$334$214$132
35 years$1,089$732$480$308$194$118
36 years$1,047$695$449$283$176$105
37 years$1,007$660$420$261$159$93
38 years$970$627$393$241$144$83
39 years$934$597$369$222$131$74
40 years$901$568$345$205$119$66
41 years$869$540$324$189$108$59
42 years$839$515$304$174$98$52
43 years$810$490$285$161$89$47
44 years$783$467$268$148$81$42
45 years$757$446$251$137$73$37
46 years$732$425$236$127$66$33
47 years$708$406$222$117$60$30
48 years$686$387$208$108$55$26
49 years$664$370$196$100$50$23
50 years$643$353$184$92$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $659,000, adding $4,091 every year, while hoping to spend $28,149 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: 29/47/24 Blend
63$659,000$659,000$659,000$659,000
64$730,438$695,511$685,296$746,066
65$774,992$699,641$678,303$762,679
66$823,148$703,029$670,133$777,769
67$875,242$705,611$660,715$793,414
68$931,646$707,315$649,979$809,677
69$992,767$708,067$637,847$826,635
70$1,059,056$707,788$624,241$844,372
71$1,131,003$706,394$609,077$862,983
72$1,209,153$703,795$592,269$882,577
73$1,294,103$699,897$573,725$903,274
74$1,386,508$694,598$553,351$925,212
75$1,487,091$687,793$531,048$948,545
76$1,596,647$679,367$506,711$973,444
77$1,716,050$669,202$480,231$1,000,104
78$1,846,264$657,170$451,496$1,028,741
79$1,988,348$643,136$420,386$1,059,599
80$2,143,469$626,958$386,778$1,092,948
81$2,312,909$608,486$350,541$1,129,093
82$2,498,082$587,558$311,541$1,168,373
83$2,700,545$564,007$269,636$1,211,167
84$2,922,010$537,653$224,678$1,257,899
85$3,164,364$508,307$176,514$1,309,038
86$3,429,684$475,768$124,982$1,365,111
87$3,720,256$439,826$69,913$1,426,702
88$4,038,601$400,256$11,134$1,494,463
89$4,387,492$356,822$0$1,569,118
90$4,769,983$309,273$0$1,664,686
91$5,189,440$257,346$0$1,772,750
92$5,649,568$200,762$0$1,891,504
93$6,154,450$139,225$0$2,022,107
94$6,708,582$72,425$0$2,165,840
95$7,316,916$33$0$2,324,125
96$7,984,908$0$0$2,498,534
97$8,718,567$0$0$2,731,301
98$9,524,515$0$0$2,987,134
99$10,410,044$0$0$3,268,345
100$11,383,189$0$0$3,577,500