Can I retire at age 64 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$54,832$54,344$53,868$53,402$52,948$52,222
2 years$27,145$26,639$26,149$25,674$25,213$24,483
3 years$17,917$17,409$16,920$16,450$15,996$15,284
4 years$13,304$12,797$12,314$11,851$11,409$10,721
5 years$10,537$10,033$9,556$9,103$8,673$8,011
6 years$8,692$8,193$7,723$7,280$6,862$6,227
7 years$7,376$6,880$6,418$5,985$5,581$4,973
8 years$6,389$5,898$5,443$5,021$4,630$4,049
9 years$5,621$5,135$4,688$4,276$3,899$3,345
10 years$5,008$4,526$4,087$3,686$3,322$2,794
11 years$4,506$4,030$3,598$3,208$2,857$2,355
12 years$4,088$3,617$3,193$2,814$2,476$1,999
13 years$3,735$3,268$2,853$2,484$2,159$1,707
14 years$3,433$2,971$2,563$2,205$1,893$1,464
15 years$3,171$2,714$2,314$1,967$1,666$1,261
16 years$2,942$2,490$2,098$1,761$1,473$1,090
17 years$2,740$2,293$1,909$1,582$1,306$944
18 years$2,561$2,119$1,743$1,426$1,161$820
19 years$2,401$1,964$1,596$1,288$1,035$714
20 years$2,257$1,825$1,464$1,167$924$623
21 years$2,127$1,700$1,347$1,059$827$544
22 years$2,009$1,587$1,241$963$742$476
23 years$1,901$1,484$1,146$877$666$417
24 years$1,802$1,390$1,060$800$598$365
25 years$1,712$1,305$982$730$538$320
26 years$1,628$1,226$911$668$485$281
27 years$1,551$1,154$846$611$437$247
28 years$1,480$1,088$786$560$395$217
29 years$1,413$1,026$732$514$356$191
30 years$1,352$969$681$471$322$168
31 years$1,294$916$635$433$291$148
32 years$1,240$867$593$398$263$130
33 years$1,189$821$553$366$238$115
34 years$1,142$778$517$337$216$101
35 years$1,097$738$483$310$195$89
36 years$1,055$700$452$285$177$78
37 years$1,015$665$423$263$160$69
38 years$977$632$396$242$145$61
39 years$942$601$371$223$132$54
40 years$908$572$348$206$120$47
41 years$876$544$326$190$109$42
42 years$845$518$306$176$98$37
43 years$816$494$287$162$89$32
44 years$789$471$270$150$81$29
45 years$763$449$253$138$74$25
46 years$738$428$238$128$67$22
47 years$714$409$223$118$61$20
48 years$691$390$210$109$55$17
49 years$669$373$197$101$50$15
50 years$648$356$186$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $664,000, adding $6,616 every year, while hoping to spend $34,623 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: 76/6/18 Blend
63$664,000$664,000$664,000$664,000
64$738,552$703,360$693,068$791,163
65$777,046$700,986$679,448$824,496
66$818,306$697,336$664,210$856,087
67$862,577$692,309$647,265$889,800
68$910,129$685,802$628,518$925,836
69$961,258$677,702$607,869$964,416
70$1,016,289$667,891$585,215$1,005,787
71$1,075,577$656,245$560,446$1,050,219
72$1,139,515$642,630$533,451$1,098,010
73$1,208,533$626,907$504,109$1,149,491
74$1,283,104$608,925$472,297$1,205,024
75$1,363,747$588,529$437,885$1,265,012
76$1,451,033$565,551$400,738$1,329,896
77$1,545,590$539,814$360,714$1,400,165
78$1,648,108$511,133$317,666$1,476,358
79$1,759,347$479,310$271,440$1,559,070
80$1,880,140$444,137$221,873$1,648,957
81$2,011,407$405,392$168,798$1,746,743
82$2,154,156$362,842$112,039$1,853,227
83$2,309,501$316,242$51,412$1,969,290
84$2,478,662$265,330$0$2,095,903
85$2,662,986$209,831$0$2,236,692
86$2,863,953$149,456$0$2,400,992
87$3,083,193$83,896$0$2,580,262
88$3,322,500$12,828$0$2,775,984
89$3,583,848$0$0$2,989,792
90$3,869,411$0$0$3,227,712
91$4,181,582$0$0$3,488,752
92$4,522,995$0$0$3,774,270
93$4,896,551$0$0$4,086,695
94$5,305,444$0$0$4,428,702
95$5,753,192$0$0$4,803,237
96$6,243,669$0$0$5,213,542
97$6,781,138$0$0$5,663,191
98$7,370,299$0$0$6,156,116
99$8,016,326$0$0$6,696,652
100$8,724,915$0$0$7,289,569