Can I retire at age 64 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$55,245$54,753$54,273$53,805$53,347$51,454
2 years$27,349$26,840$26,346$25,868$25,403$23,517
3 years$18,052$17,540$17,048$16,574$16,117$14,295
4 years$13,404$12,894$12,406$11,940$11,495$9,752
5 years$10,616$10,109$9,628$9,171$8,738$7,080
6 years$8,758$8,255$7,781$7,334$6,914$5,341
7 years$7,431$6,932$6,466$6,030$5,623$4,134
8 years$6,437$5,942$5,484$5,058$4,665$3,260
9 years$5,664$5,174$4,723$4,309$3,929$2,605
10 years$5,045$4,560$4,118$3,714$3,347$2,103
11 years$4,540$4,060$3,625$3,232$2,879$1,711
12 years$4,119$3,644$3,217$2,835$2,495$1,401
13 years$3,763$3,293$2,874$2,503$2,175$1,153
14 years$3,458$2,993$2,583$2,222$1,907$953
15 years$3,195$2,734$2,332$1,982$1,679$790
16 years$2,964$2,509$2,114$1,774$1,484$656
17 years$2,761$2,311$1,924$1,594$1,316$546
18 years$2,580$2,135$1,756$1,437$1,170$456
19 years$2,419$1,979$1,608$1,298$1,043$381
20 years$2,274$1,839$1,475$1,176$931$319
21 years$2,143$1,713$1,357$1,067$834$267
22 years$2,024$1,599$1,251$970$747$224
23 years$1,915$1,495$1,155$884$671$188
24 years$1,816$1,401$1,068$806$603$157
25 years$1,725$1,315$989$736$542$132
26 years$1,641$1,236$917$673$489$111
27 years$1,563$1,163$852$616$441$93
28 years$1,491$1,096$792$564$397$78
29 years$1,424$1,034$737$518$359$66
30 years$1,362$976$686$475$324$55
31 years$1,304$923$640$436$293$47
32 years$1,249$873$597$401$265$39
33 years$1,198$827$558$369$240$33
34 years$1,150$784$521$339$217$28
35 years$1,105$743$487$312$197$23
36 years$1,063$706$456$288$178$20
37 years$1,022$670$426$265$162$17
38 years$985$637$399$244$147$14
39 years$949$606$374$225$133$12
40 years$915$576$351$208$121$10
41 years$882$548$329$192$109$8
42 years$852$522$308$177$99$7
43 years$823$498$289$163$90$6
44 years$795$474$272$151$82$5
45 years$768$452$255$139$74$4
46 years$743$432$240$129$67$4
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$2
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $669,000, adding $2,319 every year, while hoping to spend $21,733 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: 57/14/29 Blend
63$669,000$669,000$669,000$669,000
64$739,630$704,173$693,804$775,771
65$791,949$715,554$693,922$812,247
66$848,875$726,764$693,316$849,524
67$910,857$737,772$691,939$889,718
68$978,386$748,544$689,741$933,116
69$1,052,003$759,045$686,669$980,040
70$1,132,305$769,235$682,670$1,030,840
71$1,219,947$779,075$677,686$1,085,906
72$1,315,651$788,519$671,658$1,145,668
73$1,420,212$797,521$664,523$1,210,598
74$1,534,505$806,031$656,216$1,281,219
75$1,659,492$813,994$646,667$1,358,109
76$1,796,236$821,355$635,805$1,441,902
77$1,945,902$828,051$623,555$1,533,302
78$2,109,777$834,019$609,838$1,633,083
79$2,289,278$839,190$594,570$1,742,099
80$2,485,963$843,489$577,668$1,861,294
81$2,701,550$846,839$559,038$1,991,709
82$2,937,931$849,157$538,589$2,134,490
83$3,197,189$850,354$516,220$2,290,903
84$3,481,618$850,337$491,829$2,462,347
85$3,793,745$849,006$465,308$2,650,360
86$4,136,355$846,255$436,544$2,856,644
87$4,512,515$841,973$405,419$3,083,071
88$4,925,601$836,039$371,811$3,331,711
89$5,379,336$828,329$335,590$3,604,843
90$5,877,818$818,707$296,622$3,904,982
91$6,425,564$807,032$254,768$4,234,902
92$7,027,549$793,154$209,879$4,597,663
93$7,689,253$776,913$161,805$4,996,637
94$8,416,716$758,140$110,383$5,435,547
95$9,216,588$736,657$55,449$5,918,493
96$10,096,201$712,274$0$6,450,000
97$11,063,630$684,791$0$7,036,041
98$12,127,771$653,997$0$7,699,506
99$13,298,428$619,667$0$8,429,344
100$14,586,400$581,563$0$9,232,305