Can I retire at age 64 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$55,080$54,590$54,111$53,644$53,188$52,029
2 years$27,267$26,760$26,267$25,790$25,327$24,166
3 years$17,998$17,488$16,997$16,524$16,069$14,940
4 years$13,364$12,855$12,369$11,905$11,460$10,374
5 years$10,584$10,079$9,599$9,144$8,712$7,671
6 years$8,732$8,230$7,757$7,312$6,893$5,899
7 years$7,409$6,912$6,447$6,012$5,606$4,658
8 years$6,417$5,924$5,467$5,043$4,651$3,749
9 years$5,647$5,158$4,709$4,296$3,917$3,060
10 years$5,030$4,547$4,105$3,703$3,337$2,525
11 years$4,526$4,048$3,614$3,223$2,870$2,102
12 years$4,107$3,633$3,208$2,827$2,487$1,761
13 years$3,752$3,283$2,866$2,496$2,169$1,484
14 years$3,448$2,984$2,575$2,215$1,901$1,256
15 years$3,185$2,726$2,325$1,976$1,674$1,067
16 years$2,955$2,501$2,108$1,769$1,479$909
17 years$2,752$2,304$1,918$1,589$1,312$777
18 years$2,572$2,129$1,751$1,432$1,166$665
19 years$2,412$1,973$1,603$1,294$1,040$570
20 years$2,267$1,833$1,471$1,172$929$490
21 years$2,136$1,708$1,353$1,064$831$422
22 years$2,018$1,594$1,247$967$745$363
23 years$1,910$1,491$1,151$881$669$313
24 years$1,811$1,397$1,065$803$601$270
25 years$1,720$1,311$986$734$541$233
26 years$1,636$1,232$915$671$487$201
27 years$1,558$1,159$849$614$439$174
28 years$1,487$1,093$790$563$396$151
29 years$1,420$1,031$735$516$358$130
30 years$1,358$973$684$474$323$113
31 years$1,300$920$638$435$292$98
32 years$1,245$871$595$400$264$85
33 years$1,194$824$556$368$239$73
34 years$1,147$781$519$338$217$63
35 years$1,102$741$486$311$196$55
36 years$1,059$703$454$287$178$48
37 years$1,019$668$425$264$161$41
38 years$982$635$398$243$146$36
39 years$946$604$373$225$132$31
40 years$912$574$350$207$120$27
41 years$880$547$328$191$109$23
42 years$849$521$308$176$99$20
43 years$820$496$289$163$90$18
44 years$792$473$271$150$81$15
45 years$766$451$254$139$74$13
46 years$741$430$239$128$67$11
47 years$717$411$224$118$61$10
48 years$694$392$211$109$55$9
49 years$672$374$198$101$50$7
50 years$651$358$186$93$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $667,000, adding $5,870 every year, while hoping to spend $29,317 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: 66/25/9 Blend
63$667,000$667,000$667,000$667,000
64$741,089$705,738$695,399$788,271
65$785,487$709,126$687,502$823,793
66$833,431$711,698$678,358$858,568
67$885,252$713,382$667,894$895,811
68$941,313$714,103$656,034$935,757
69$1,002,014$713,781$642,698$978,670
70$1,067,794$712,330$627,803$1,024,840
71$1,139,136$709,662$611,261$1,074,584
72$1,216,571$705,679$592,982$1,128,258
73$1,300,684$700,280$572,870$1,186,249
74$1,392,118$693,357$550,825$1,248,989
75$1,491,578$684,797$526,742$1,316,950
76$1,599,844$674,476$500,512$1,390,659
77$1,717,771$662,268$472,022$1,470,692
78$1,846,301$648,037$441,152$1,557,688
79$1,986,470$631,637$407,777$1,652,352
80$2,139,420$612,917$371,768$1,755,462
81$2,306,406$591,715$332,987$1,867,876
82$2,488,810$567,860$291,293$1,990,542
83$2,688,155$541,172$246,538$2,124,505
84$2,906,116$511,459$198,566$2,270,920
85$3,144,538$478,518$147,216$2,431,060
86$3,405,452$442,136$92,319$2,606,332
87$3,691,095$402,087$33,698$2,798,286
88$4,003,929$358,132$0$3,008,633
89$4,346,667$310,018$0$3,242,035
90$4,722,296$257,477$0$3,501,437
91$5,134,105$200,229$0$3,785,919
92$5,585,718$137,975$0$4,098,037
93$6,081,126$70,400$0$4,440,612
94$6,624,724$0$0$4,816,753
95$7,221,353$0$0$5,230,668
96$7,876,347$0$0$5,706,379
97$8,595,581$0$0$6,228,791
98$9,385,526$0$0$6,802,611
99$10,253,310$0$0$7,433,022
100$11,206,789$0$0$8,125,737