Can I retire at age 64 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$54,750$54,262$53,786$53,322$52,869$52,230
2 years$27,104$26,599$26,110$25,636$25,176$24,532
3 years$17,890$17,383$16,895$16,425$15,972$15,345
4 years$13,284$12,778$12,295$11,833$11,392$10,785
5 years$10,521$10,018$9,542$9,089$8,660$8,076
6 years$8,679$8,181$7,711$7,269$6,852$6,291
7 years$7,365$6,870$6,408$5,976$5,573$5,035
8 years$6,379$5,889$5,434$5,013$4,623$4,109
9 years$5,613$5,127$4,681$4,270$3,893$3,402
10 years$5,000$4,520$4,081$3,681$3,317$2,849
11 years$4,499$4,023$3,593$3,203$2,853$2,407
12 years$4,082$3,611$3,188$2,810$2,472$2,049
13 years$3,729$3,264$2,849$2,481$2,156$1,754
14 years$3,427$2,966$2,559$2,202$1,890$1,508
15 years$3,166$2,710$2,311$1,964$1,664$1,303
16 years$2,937$2,486$2,095$1,758$1,471$1,129
17 years$2,736$2,290$1,906$1,580$1,304$981
18 years$2,557$2,116$1,740$1,424$1,159$855
19 years$2,397$1,961$1,593$1,287$1,033$746
20 years$2,253$1,822$1,462$1,165$923$653
21 years$2,123$1,697$1,345$1,057$826$572
22 years$2,006$1,584$1,240$962$740$502
23 years$1,898$1,482$1,144$876$665$441
24 years$1,800$1,388$1,058$799$597$387
25 years$1,709$1,303$980$729$538$341
26 years$1,626$1,225$909$667$484$300
27 years$1,549$1,152$844$610$437$265
28 years$1,478$1,086$785$559$394$233
29 years$1,411$1,024$730$513$356$206
30 years$1,350$968$680$471$321$182
31 years$1,292$915$634$432$291$160
32 years$1,238$865$592$397$263$142
33 years$1,187$820$553$365$238$125
34 years$1,140$777$516$336$215$111
35 years$1,095$737$483$309$195$98
36 years$1,053$699$452$285$177$87
37 years$1,013$664$423$263$160$77
38 years$976$631$396$242$145$68
39 years$940$600$371$223$132$60
40 years$906$571$348$206$119$53
41 years$874$544$326$190$108$47
42 years$844$518$306$175$98$41
43 years$815$493$287$162$89$37
44 years$788$470$269$149$81$33
45 years$762$448$253$138$74$29
46 years$737$428$237$127$67$25
47 years$713$408$223$118$61$23
48 years$690$390$210$109$55$20
49 years$668$372$197$101$50$18
50 years$647$355$185$93$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $663,000, adding $6,128 every year, while hoping to spend $50,575 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: 73/5/22 Blend
63$663,000$663,000$663,000$663,000
64$736,947$701,808$691,532$786,355
65$758,304$682,385$660,886$800,617
66$780,145$660,316$627,520$809,586
67$802,465$635,416$591,287$818,145
68$825,258$607,493$552,036$826,244
69$848,515$576,341$509,611$833,830
70$872,226$541,744$463,845$840,846
71$896,376$503,473$414,567$847,228
72$920,947$461,284$361,596$852,910
73$945,919$414,922$304,744$857,819
74$971,265$364,116$243,816$861,874
75$996,956$308,580$178,606$864,990
76$1,022,956$248,010$108,899$867,075
77$1,049,224$182,089$34,474$868,028
78$1,075,712$110,478$0$867,739
79$1,102,365$32,822$0$876,643
80$1,129,119$0$0$893,382
81$1,155,904$0$0$912,595
82$1,182,636$0$0$933,556
83$1,209,223$0$0$954,383
84$1,235,560$0$0$974,990
85$1,261,527$0$0$995,282
86$1,286,991$0$0$1,015,151
87$1,311,802$0$0$1,034,474
88$1,335,789$0$0$1,053,116
89$1,358,764$0$0$1,070,922
90$1,380,515$0$0$1,087,721
91$1,400,803$0$0$1,103,323
92$1,419,364$0$0$1,117,512
93$1,435,902$0$0$1,130,051
94$1,450,088$0$0$1,140,673
95$1,461,554$0$0$1,149,082
96$1,469,892$0$0$1,154,948
97$1,474,646$0$0$1,157,906
98$1,475,313$0$0$1,157,549
99$1,471,330$0$0$1,153,422
100$1,462,076$0$0$1,145,026