Can I retire at age 64 with 660,000?

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 $660,000?

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$54,502$54,017$53,543$53,081$52,629$50,702
2 years$26,981$26,479$25,992$25,520$25,062$23,141
3 years$17,809$17,304$16,818$16,351$15,900$14,047
4 years$13,224$12,720$12,239$11,780$11,340$9,568
5 years$10,473$9,973$9,498$9,048$8,621$6,935
6 years$8,640$8,144$7,676$7,236$6,821$5,223
7 years$7,331$6,839$6,379$5,949$5,547$4,036
8 years$6,350$5,862$5,410$4,990$4,602$3,177
9 years$5,587$5,104$4,659$4,251$3,876$2,534
10 years$4,977$4,499$4,062$3,664$3,302$2,042
11 years$4,479$4,005$3,576$3,189$2,840$1,658
12 years$4,064$3,595$3,174$2,797$2,461$1,355
13 years$3,713$3,249$2,836$2,469$2,146$1,113
14 years$3,412$2,953$2,548$2,192$1,881$917
15 years$3,152$2,698$2,300$1,955$1,656$759
16 years$2,924$2,475$2,086$1,750$1,464$629
17 years$2,723$2,279$1,898$1,573$1,298$523
18 years$2,545$2,106$1,732$1,417$1,154$435
19 years$2,386$1,952$1,586$1,281$1,029$363
20 years$2,243$1,814$1,456$1,160$919$303
21 years$2,114$1,690$1,339$1,053$822$253
22 years$1,996$1,577$1,234$957$737$212
23 years$1,889$1,475$1,139$872$662$177
24 years$1,792$1,382$1,054$795$595$148
25 years$1,702$1,297$976$726$535$124
26 years$1,619$1,219$905$664$482$104
27 years$1,542$1,147$840$608$435$87
28 years$1,471$1,081$781$557$392$73
29 years$1,405$1,020$727$511$354$61
30 years$1,343$963$677$469$320$51
31 years$1,286$910$631$430$289$43
32 years$1,232$861$589$395$262$36
33 years$1,182$816$550$364$237$30
34 years$1,135$773$514$335$214$25
35 years$1,090$733$480$308$194$21
36 years$1,048$696$449$284$176$18
37 years$1,009$661$421$261$159$15
38 years$971$628$394$241$145$13
39 years$936$597$369$222$131$11
40 years$902$568$346$205$119$9
41 years$871$541$324$189$108$7
42 years$840$515$304$174$98$6
43 years$812$491$286$161$89$5
44 years$784$468$268$149$81$4
45 years$758$446$252$137$73$4
46 years$733$426$236$127$66$3
47 years$710$406$222$117$60$3
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$2
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $660,000, adding $5,900 every year, while hoping to spend $51,624 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: 52/25/23 Blend
63$660,000$660,000$660,000$660,000
64$733,406$698,426$688,196$766,576
65$753,286$677,721$656,323$769,416
66$773,463$654,272$621,652$766,714
67$793,914$627,889$584,035$762,702
68$814,610$598,372$543,317$757,276
69$835,518$565,510$499,335$750,323
70$856,599$529,079$451,922$741,723
71$877,811$488,842$400,900$731,345
72$899,102$444,549$346,084$719,052
73$920,415$395,937$287,283$704,696
74$941,684$342,725$224,294$688,119
75$962,836$284,619$156,908$669,150
76$983,786$221,305$84,905$647,608
77$1,004,439$152,456$8,056$623,298
78$1,024,688$77,723$0$596,010
79$1,044,414$0$0$583,669
80$1,063,480$0$0$572,073
81$1,081,736$0$0$581,358
82$1,099,012$0$0$590,045
83$1,115,119$0$0$598,023
84$1,129,845$0$0$605,171
85$1,142,955$0$0$611,351
86$1,154,184$0$0$616,412
87$1,163,239$0$0$620,185
88$1,169,796$0$0$622,480
89$1,173,490$0$0$623,089
90$1,173,919$0$0$621,780
91$1,170,634$0$0$618,294
92$1,163,140$0$0$612,345
93$1,150,883$0$0$603,615
94$1,133,254$0$0$591,752
95$1,109,572$0$0$576,365
96$1,079,089$0$0$557,024
97$1,040,970$0$0$533,248
98$994,296$0$0$504,509
99$938,046$0$0$470,220
100$871,092$0$0$429,732