Can I retire at age 64 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$54,667$54,180$53,705$53,242$52,789$52,216
2 years$27,063$26,559$26,071$25,597$25,138$24,561
3 years$17,863$17,357$16,869$16,400$15,948$15,385
4 years$13,264$12,759$12,277$11,815$11,374$10,830
5 years$10,505$10,003$9,527$9,075$8,647$8,122
6 years$8,666$8,168$7,699$7,258$6,842$6,338
7 years$7,353$6,860$6,398$5,967$5,564$5,081
8 years$6,369$5,880$5,426$5,005$4,616$4,153
9 years$5,604$5,120$4,674$4,264$3,887$3,445
10 years$4,993$4,513$4,075$3,675$3,312$2,890
11 years$4,492$4,017$3,587$3,199$2,849$2,447
12 years$4,076$3,606$3,183$2,806$2,469$2,086
13 years$3,724$3,259$2,844$2,477$2,153$1,789
14 years$3,422$2,962$2,556$2,199$1,887$1,542
15 years$3,161$2,706$2,307$1,961$1,661$1,334
16 years$2,933$2,483$2,092$1,756$1,468$1,159
17 years$2,732$2,286$1,904$1,578$1,302$1,009
18 years$2,553$2,113$1,738$1,422$1,158$881
19 years$2,393$1,958$1,591$1,285$1,032$771
20 years$2,250$1,819$1,460$1,163$922$676
21 years$2,120$1,695$1,343$1,056$825$593
22 years$2,003$1,582$1,238$960$739$522
23 years$1,895$1,480$1,143$874$664$459
24 years$1,797$1,386$1,057$797$597$405
25 years$1,707$1,301$979$728$537$357
26 years$1,624$1,223$908$666$483$315
27 years$1,547$1,151$843$610$436$278
28 years$1,475$1,084$784$558$393$246
29 years$1,409$1,023$729$512$355$218
30 years$1,348$966$679$470$321$193
31 years$1,290$913$633$432$290$170
32 years$1,236$864$591$397$262$151
33 years$1,186$818$552$365$238$134
34 years$1,138$776$515$336$215$118
35 years$1,093$736$482$309$195$105
36 years$1,051$698$451$285$176$93
37 years$1,012$663$422$262$160$83
38 years$974$630$395$242$145$73
39 years$939$599$370$223$131$65
40 years$905$570$347$206$119$58
41 years$873$543$325$190$108$51
42 years$843$517$305$175$98$45
43 years$814$492$286$162$89$40
44 years$787$469$269$149$81$36
45 years$760$448$252$138$73$32
46 years$735$427$237$127$67$28
47 years$712$408$223$118$61$25
48 years$689$389$209$109$55$22
49 years$667$372$197$100$50$20
50 years$646$355$185$93$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $662,000, adding $3,318 every year, while hoping to spend $26,841 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: 33/38/29 Blend
63$662,000$662,000$662,000$662,000
64$732,947$697,861$687,600$750,596
65$779,148$703,497$682,075$769,972
66$829,163$708,510$675,467$788,234
67$883,352$712,841$667,709$807,399
68$942,110$716,427$658,734$827,566
69$1,005,875$719,201$648,471$848,845
70$1,075,125$721,093$636,845$871,362
71$1,150,389$722,027$623,780$895,254
72$1,232,245$721,923$609,194$920,676
73$1,321,333$720,697$593,001$947,801
74$1,418,356$718,257$575,113$976,821
75$1,524,085$714,509$555,436$1,007,953
76$1,639,372$709,350$533,873$1,041,435
77$1,765,153$702,673$510,323$1,077,535
78$1,902,458$694,364$484,679$1,116,550
79$2,052,422$684,301$456,829$1,158,811
80$2,216,294$672,356$426,657$1,204,687
81$2,395,448$658,394$394,042$1,254,586
82$2,591,398$642,270$358,857$1,308,964
83$2,805,811$623,832$320,970$1,368,327
84$3,040,522$602,918$280,240$1,433,235
85$3,297,552$579,357$236,525$1,504,314
86$3,579,127$552,970$189,673$1,582,254
87$3,887,696$523,564$139,525$1,667,823
88$4,225,960$490,937$85,918$1,761,874
89$4,596,890$454,876$28,679$1,865,350
90$5,003,762$415,154$0$1,979,299
91$5,450,182$371,532$0$2,114,908
92$5,940,121$323,758$0$2,273,556
93$6,477,956$271,565$0$2,447,846
94$7,068,506$214,670$0$2,639,417
95$7,717,081$152,777$0$2,850,080
96$8,429,530$85,569$0$3,081,836
97$9,212,296$12,715$0$3,336,897
98$10,072,476$0$0$3,617,702
99$11,017,892$0$0$3,954,602
100$12,057,158$0$0$4,330,898