Can I retire at age 64 with 664,000?

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 $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%12.6%
1 years$54,832$54,344$53,868$53,402$52,948$52,374
2 years$27,145$26,639$26,149$25,674$25,213$24,635
3 years$17,917$17,409$16,920$16,450$15,996$15,432
4 years$13,304$12,797$12,314$11,851$11,409$10,862
5 years$10,537$10,033$9,556$9,103$8,673$8,146
6 years$8,692$8,193$7,723$7,280$6,862$6,357
7 years$7,376$6,880$6,418$5,985$5,581$5,096
8 years$6,389$5,898$5,443$5,021$4,630$4,166
9 years$5,621$5,135$4,688$4,276$3,899$3,456
10 years$5,008$4,526$4,087$3,686$3,322$2,899
11 years$4,506$4,030$3,598$3,208$2,857$2,454
12 years$4,088$3,617$3,193$2,814$2,476$2,092
13 years$3,735$3,268$2,853$2,484$2,159$1,795
14 years$3,433$2,971$2,563$2,205$1,893$1,547
15 years$3,171$2,714$2,314$1,967$1,666$1,338
16 years$2,942$2,490$2,098$1,761$1,473$1,162
17 years$2,740$2,293$1,909$1,582$1,306$1,012
18 years$2,561$2,119$1,743$1,426$1,161$884
19 years$2,401$1,964$1,596$1,288$1,035$773
20 years$2,257$1,825$1,464$1,167$924$678
21 years$2,127$1,700$1,347$1,059$827$595
22 years$2,009$1,587$1,241$963$742$523
23 years$1,901$1,484$1,146$877$666$461
24 years$1,802$1,390$1,060$800$598$406
25 years$1,712$1,305$982$730$538$358
26 years$1,628$1,226$911$668$485$316
27 years$1,551$1,154$846$611$437$279
28 years$1,480$1,088$786$560$395$247
29 years$1,413$1,026$732$514$356$218
30 years$1,352$969$681$471$322$193
31 years$1,294$916$635$433$291$171
32 years$1,240$867$593$398$263$151
33 years$1,189$821$553$366$238$134
34 years$1,142$778$517$337$216$119
35 years$1,097$738$483$310$195$105
36 years$1,055$700$452$285$177$93
37 years$1,015$665$423$263$160$83
38 years$977$632$396$242$145$73
39 years$942$601$371$223$132$65
40 years$908$572$348$206$120$58
41 years$876$544$326$190$109$51
42 years$845$518$306$176$98$45
43 years$816$494$287$162$89$40
44 years$789$471$270$150$81$36
45 years$763$449$253$138$74$32
46 years$738$428$238$128$67$28
47 years$714$409$223$118$61$25
48 years$691$390$210$109$55$22
49 years$669$373$197$101$50$20
50 years$648$356$186$93$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $664,000, adding $6,314 every year, while hoping to spend $41,910 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: 60/33/7 Blend
63$664,000$664,000$664,000$664,000
64$738,241$703,049$692,757$781,098
65$768,950$692,906$671,372$800,418
66$801,386$680,862$647,867$816,107
67$835,682$666,779$622,125$832,161
68$871,981$650,511$594,026$848,618
69$910,442$631,905$563,444$865,517
70$951,235$610,796$530,248$882,908
71$994,549$587,013$494,299$900,844
72$1,040,589$560,373$455,454$919,388
73$1,089,580$530,682$413,563$938,611
74$1,141,768$497,736$368,468$958,594
75$1,197,422$461,319$320,005$979,428
76$1,256,837$421,202$268,004$1,001,217
77$1,320,337$377,143$212,284$1,024,078
78$1,388,276$328,888$152,661$1,048,143
79$1,461,043$276,166$88,937$1,073,563
80$1,539,063$218,692$20,911$1,100,506
81$1,622,805$156,165$0$1,129,162
82$1,712,781$88,268$0$1,163,604
83$1,809,556$14,663$0$1,202,128
84$1,913,746$0$0$1,243,459
85$2,026,031$0$0$1,311,520
86$2,147,158$0$0$1,390,724
87$2,277,946$0$0$1,476,288
88$2,419,295$0$0$1,568,807
89$2,572,195$0$0$1,668,933
90$2,737,734$0$0$1,777,386
91$2,917,108$0$0$1,894,954
92$3,111,632$0$0$2,022,508
93$3,322,753$0$0$2,161,001
94$3,552,060$0$0$2,311,485
95$3,801,304$0$0$2,475,115
96$4,072,409$0$0$2,653,163
97$4,367,493$0$0$2,847,028
98$4,688,886$0$0$3,058,249
99$5,039,153$0$0$3,288,521
100$5,421,114$0$0$3,539,708