Can I retire at age 64 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$54,585$54,099$53,624$53,161$52,709$52,333
2 years$27,022$26,519$26,031$25,558$25,100$24,720
3 years$17,836$17,330$16,844$16,375$15,924$15,554
4 years$13,244$12,740$12,258$11,798$11,357$10,998
5 years$10,489$9,988$9,513$9,062$8,634$8,287
6 years$8,653$8,156$7,688$7,247$6,831$6,498
7 years$7,342$6,849$6,389$5,958$5,556$5,235
8 years$6,360$5,871$5,418$4,998$4,609$4,302
9 years$5,596$5,112$4,666$4,257$3,882$3,587
10 years$4,985$4,506$4,068$3,670$3,307$3,026
11 years$4,486$4,011$3,582$3,194$2,844$2,575
12 years$4,070$3,600$3,179$2,801$2,465$2,208
13 years$3,718$3,254$2,840$2,473$2,149$1,905
14 years$3,417$2,958$2,552$2,195$1,884$1,652
15 years$3,156$2,702$2,304$1,958$1,659$1,438
16 years$2,928$2,479$2,089$1,753$1,466$1,257
17 years$2,728$2,283$1,901$1,575$1,300$1,101
18 years$2,549$2,109$1,735$1,420$1,156$968
19 years$2,390$1,955$1,588$1,283$1,030$852
20 years$2,247$1,817$1,458$1,162$920$752
21 years$2,117$1,692$1,341$1,054$824$665
22 years$2,000$1,580$1,236$959$738$588
23 years$1,892$1,477$1,141$873$663$521
24 years$1,794$1,384$1,055$796$596$463
25 years$1,704$1,299$977$727$536$411
26 years$1,621$1,221$906$665$483$365
27 years$1,544$1,149$842$609$435$325
28 years$1,473$1,083$783$558$393$289
29 years$1,407$1,021$728$511$355$258
30 years$1,346$965$678$469$320$230
31 years$1,288$912$632$431$290$205
32 years$1,234$863$590$396$262$183
33 years$1,184$817$551$364$237$163
34 years$1,136$774$515$335$215$146
35 years$1,092$735$481$309$194$130
36 years$1,050$697$450$284$176$116
37 years$1,010$662$421$262$160$104
38 years$973$629$395$241$145$93
39 years$937$598$370$222$131$83
40 years$904$569$346$205$119$74
41 years$872$542$325$189$108$66
42 years$842$516$305$175$98$59
43 years$813$492$286$161$89$53
44 years$785$469$268$149$81$47
45 years$759$447$252$138$73$42
46 years$734$426$237$127$67$38
47 years$711$407$222$117$60$34
48 years$688$388$209$108$55$30
49 years$666$371$196$100$50$27
50 years$645$354$185$93$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $661,000, adding $6,072 every year, while hoping to spend $29,088 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: 38/42/20 Blend
63$661,000$661,000$661,000$661,000
64$734,685$699,652$689,407$757,996
65$778,674$702,986$681,552$778,720
66$826,174$705,508$672,460$797,907
67$877,514$707,148$662,058$818,045
68$933,053$707,831$650,269$839,235
69$993,187$707,477$637,016$861,593
70$1,058,352$706,003$622,215$885,245
71$1,129,024$703,318$605,780$910,335
72$1,205,731$699,327$587,620$937,022
73$1,289,051$693,929$567,641$965,485
74$1,379,620$687,017$545,742$995,922
75$1,478,138$678,478$521,822$1,028,556
76$1,585,375$668,191$495,770$1,063,634
77$1,702,180$656,028$467,475$1,101,430
78$1,829,484$641,855$436,817$1,142,252
79$1,968,314$625,529$403,673$1,186,441
80$2,119,800$606,897$367,914$1,234,377
81$2,285,185$585,801$329,404$1,286,481
82$2,465,837$562,069$288,003$1,343,224
83$2,663,265$535,523$243,563$1,405,126
84$2,879,127$505,972$195,931$1,472,768
85$3,115,249$473,216$144,946$1,546,792
86$3,373,642$437,041$90,440$1,627,912
87$3,656,522$397,225$32,238$1,716,922
88$3,966,327$353,529$0$1,814,700
89$4,305,743$305,701$0$1,928,595
90$4,677,726$253,479$0$2,061,070
91$5,085,536$196,580$0$2,206,478
92$5,532,758$134,710$0$2,366,191
93$6,023,344$67,556$0$2,541,725
94$6,561,647$0$0$2,734,758
95$7,152,460$0$0$2,949,552
96$7,801,065$0$0$3,219,724
97$8,513,277$0$0$3,516,488
98$9,295,505$0$0$3,842,525
99$10,154,806$0$0$4,200,790
100$11,098,959$0$0$4,594,536