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%13.6%
1 years$55,080$54,590$54,111$53,644$53,188$52,393
2 years$27,267$26,760$26,267$25,790$25,327$24,528
3 years$17,998$17,488$16,997$16,524$16,069$15,290
4 years$13,364$12,855$12,369$11,905$11,460$10,709
5 years$10,584$10,079$9,599$9,144$8,712$7,989
6 years$8,732$8,230$7,757$7,312$6,893$6,201
7 years$7,409$6,912$6,447$6,012$5,606$4,943
8 years$6,417$5,924$5,467$5,043$4,651$4,018
9 years$5,647$5,158$4,709$4,296$3,917$3,313
10 years$5,030$4,547$4,105$3,703$3,337$2,763
11 years$4,526$4,048$3,614$3,223$2,870$2,324
12 years$4,107$3,633$3,208$2,827$2,487$1,969
13 years$3,752$3,283$2,866$2,496$2,169$1,678
14 years$3,448$2,984$2,575$2,215$1,901$1,436
15 years$3,185$2,726$2,325$1,976$1,674$1,235
16 years$2,955$2,501$2,108$1,769$1,479$1,065
17 years$2,752$2,304$1,918$1,589$1,312$921
18 years$2,572$2,129$1,751$1,432$1,166$798
19 years$2,412$1,973$1,603$1,294$1,040$693
20 years$2,267$1,833$1,471$1,172$929$603
21 years$2,136$1,708$1,353$1,064$831$526
22 years$2,018$1,594$1,247$967$745$459
23 years$1,910$1,491$1,151$881$669$401
24 years$1,811$1,397$1,065$803$601$350
25 years$1,720$1,311$986$734$541$307
26 years$1,636$1,232$915$671$487$269
27 years$1,558$1,159$849$614$439$235
28 years$1,487$1,093$790$563$396$206
29 years$1,420$1,031$735$516$358$181
30 years$1,358$973$684$474$323$159
31 years$1,300$920$638$435$292$139
32 years$1,245$871$595$400$264$122
33 years$1,194$824$556$368$239$108
34 years$1,147$781$519$338$217$95
35 years$1,102$741$486$311$196$83
36 years$1,059$703$454$287$178$73
37 years$1,019$668$425$264$161$64
38 years$982$635$398$243$146$56
39 years$946$604$373$225$132$50
40 years$912$574$350$207$120$44
41 years$880$547$328$191$109$38
42 years$849$521$308$176$99$34
43 years$820$496$289$163$90$30
44 years$792$473$271$150$81$26
45 years$766$451$254$139$74$23
46 years$741$430$239$128$67$20
47 years$717$411$224$118$61$18
48 years$694$392$211$109$55$16
49 years$672$374$198$101$50$14
50 years$651$358$186$93$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $667,000, adding $2,010 every year, while hoping to spend $45,442 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: 37/40/23 Blend
63$667,000$667,000$667,000$667,000
64$737,107$701,756$691,418$759,224
65$763,942$687,792$666,230$761,599
66$791,991$671,621$638,676$759,799
67$821,331$653,087$608,628$756,945
68$852,042$632,024$575,952$752,967
69$884,214$608,257$540,511$747,797
70$917,944$581,601$502,158$741,360
71$953,336$551,861$460,741$733,583
72$990,503$518,829$416,103$724,385
73$1,029,568$482,286$368,077$713,688
74$1,070,667$442,001$316,490$701,406
75$1,113,944$397,728$261,162$687,454
76$1,159,559$349,209$201,903$671,744
77$1,207,684$296,171$138,517$654,183
78$1,258,508$238,323$70,798$634,680
79$1,312,237$175,362$0$613,139
80$1,369,096$106,965$0$589,824
81$1,429,328$32,791$0$582,842
82$1,493,203$0$0$574,756
83$1,561,012$0$0$586,443
84$1,633,077$0$0$614,250
85$1,709,746$0$0$643,885
86$1,791,404$0$0$675,503
87$1,878,470$0$0$709,273
88$1,971,403$0$0$745,381
89$2,070,707$0$0$784,031
90$2,176,935$0$0$825,445
91$2,290,690$0$0$869,869
92$2,412,637$0$0$917,572
93$2,543,505$0$0$968,847
94$2,684,091$0$0$1,024,020
95$2,835,273$0$0$1,083,446
96$2,998,014$0$0$1,147,515
97$3,173,372$0$0$1,216,656
98$3,362,506$0$0$1,291,340
99$3,566,695$0$0$1,372,086
100$3,787,339$0$0$1,459,462