Can I retire at age 64 with 663,000?

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 $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%17.2%
1 years$54,750$54,262$53,786$53,322$52,869$51,320
2 years$27,104$26,599$26,110$25,636$25,176$23,628
3 years$17,890$17,383$16,895$16,425$15,972$14,474
4 years$13,284$12,778$12,295$11,833$11,392$9,955
5 years$10,521$10,018$9,542$9,089$8,660$7,288
6 years$8,679$8,181$7,711$7,269$6,852$5,546
7 years$7,365$6,870$6,408$5,976$5,573$4,333
8 years$6,379$5,889$5,434$5,013$4,623$3,448
9 years$5,613$5,127$4,681$4,270$3,893$2,783
10 years$5,000$4,520$4,081$3,681$3,317$2,269
11 years$4,499$4,023$3,593$3,203$2,853$1,866
12 years$4,082$3,611$3,188$2,810$2,472$1,544
13 years$3,729$3,264$2,849$2,481$2,156$1,285
14 years$3,427$2,966$2,559$2,202$1,890$1,073
15 years$3,166$2,710$2,311$1,964$1,664$900
16 years$2,937$2,486$2,095$1,758$1,471$756
17 years$2,736$2,290$1,906$1,580$1,304$637
18 years$2,557$2,116$1,740$1,424$1,159$538
19 years$2,397$1,961$1,593$1,287$1,033$455
20 years$2,253$1,822$1,462$1,165$923$385
21 years$2,123$1,697$1,345$1,057$826$327
22 years$2,006$1,584$1,240$962$740$277
23 years$1,898$1,482$1,144$876$665$235
24 years$1,800$1,388$1,058$799$597$200
25 years$1,709$1,303$980$729$538$170
26 years$1,626$1,225$909$667$484$145
27 years$1,549$1,152$844$610$437$123
28 years$1,478$1,086$785$559$394$105
29 years$1,411$1,024$730$513$356$89
30 years$1,350$968$680$471$321$76
31 years$1,292$915$634$432$291$65
32 years$1,238$865$592$397$263$55
33 years$1,187$820$553$365$238$47
34 years$1,140$777$516$336$215$40
35 years$1,095$737$483$309$195$34
36 years$1,053$699$452$285$177$29
37 years$1,013$664$423$263$160$25
38 years$976$631$396$242$145$21
39 years$940$600$371$223$132$18
40 years$906$571$348$206$119$15
41 years$874$544$326$190$108$13
42 years$844$518$306$175$98$11
43 years$815$493$287$162$89$10
44 years$788$470$269$149$81$8
45 years$762$448$253$138$74$7
46 years$737$428$237$127$67$6
47 years$713$408$223$118$61$5
48 years$690$390$210$109$55$4
49 years$668$372$197$101$50$4
50 years$647$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $663,000, adding $5,104 every year, while hoping to spend $44,693 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: 82/12/6 Blend
63$663,000$663,000$663,000$663,000
64$735,891$700,752$690,475$795,525
65$763,399$687,536$666,053$822,039
66$792,214$672,174$639,315$844,623
67$822,424$654,514$610,136$868,031
68$854,122$634,396$578,386$892,319
69$887,408$611,647$543,928$917,548
70$922,394$586,089$506,620$943,787
71$959,200$557,528$466,313$971,112
72$997,955$525,764$422,852$999,604
73$1,038,803$490,582$376,073$1,029,357
74$1,081,897$451,757$325,808$1,060,469
75$1,127,406$409,049$271,878$1,093,055
76$1,175,515$362,206$214,099$1,127,235
77$1,226,424$310,960$152,278$1,163,147
78$1,280,352$255,031$86,212$1,200,940
79$1,337,539$194,118$15,692$1,240,782
80$1,398,247$127,909$0$1,282,854
81$1,462,762$56,070$0$1,331,174
82$1,531,397$0$0$1,383,472
83$1,604,495$0$0$1,441,878
84$1,682,432$0$0$1,512,052
85$1,765,617$0$0$1,586,962
86$1,854,502$0$0$1,667,014
87$1,949,581$0$0$1,752,654
88$2,051,394$0$0$1,844,370
89$2,160,535$0$0$1,942,700
90$2,277,655$0$0$2,048,230
91$2,403,469$0$0$2,161,607
92$2,538,760$0$0$2,283,539
93$2,684,391$0$0$2,414,804
94$2,841,307$0$0$2,556,255
95$3,010,546$0$0$2,708,831
96$3,193,249$0$0$2,873,563
97$3,390,671$0$0$3,051,584
98$3,604,188$0$0$3,244,137
99$3,835,315$0$0$3,452,591
100$4,085,718$0$0$3,678,451