Can I retire at age 64 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$55,328$54,835$54,354$53,885$53,427$52,672
2 years$27,390$26,880$26,386$25,906$25,441$24,682
3 years$18,079$17,566$17,073$16,598$16,141$15,401
4 years$13,424$12,913$12,425$11,958$11,512$10,797
5 years$10,632$10,124$9,642$9,185$8,751$8,064
6 years$8,771$8,267$7,792$7,345$6,924$6,265
7 years$7,442$6,943$6,476$6,039$5,631$5,000
8 years$6,446$5,951$5,492$5,066$4,672$4,069
9 years$5,672$5,182$4,730$4,315$3,934$3,359
10 years$5,053$4,567$4,124$3,720$3,352$2,805
11 years$4,547$4,066$3,630$3,237$2,883$2,362
12 years$4,125$3,649$3,222$2,839$2,498$2,004
13 years$3,769$3,298$2,879$2,507$2,179$1,710
14 years$3,464$2,998$2,586$2,225$1,910$1,466
15 years$3,199$2,739$2,335$1,985$1,682$1,262
16 years$2,968$2,513$2,117$1,777$1,486$1,089
17 years$2,765$2,314$1,927$1,597$1,318$944
18 years$2,584$2,138$1,759$1,439$1,172$819
19 years$2,422$1,982$1,610$1,300$1,044$713
20 years$2,277$1,841$1,478$1,178$933$621
21 years$2,146$1,715$1,359$1,069$835$542
22 years$2,027$1,601$1,253$972$748$474
23 years$1,918$1,497$1,157$885$672$414
24 years$1,819$1,403$1,070$807$604$363
25 years$1,727$1,317$991$737$543$318
26 years$1,643$1,237$919$674$489$279
27 years$1,565$1,165$853$617$441$245
28 years$1,493$1,097$793$565$398$215
29 years$1,426$1,035$738$518$359$189
30 years$1,364$978$688$476$325$166
31 years$1,306$924$641$437$294$146
32 years$1,251$875$598$401$266$128
33 years$1,200$828$558$369$240$113
34 years$1,152$785$522$340$218$100
35 years$1,107$745$488$313$197$88
36 years$1,064$707$456$288$179$77
37 years$1,024$671$427$265$162$68
38 years$986$638$400$245$147$60
39 years$950$607$375$226$133$53
40 years$916$577$351$208$121$46
41 years$884$549$329$192$110$41
42 years$853$523$309$177$99$36
43 years$824$498$290$163$90$32
44 years$796$475$272$151$82$28
45 years$770$453$255$139$74$25
46 years$744$432$240$129$67$22
47 years$720$412$225$119$61$19
48 years$697$394$212$110$56$17
49 years$675$376$199$102$51$15
50 years$654$359$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $670,000, adding $3,704 every year, while hoping to spend $26,965 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: 71/20/9 Blend
63$670,000$670,000$670,000$670,000
64$742,161$706,651$696,266$793,374
65$789,171$712,586$690,900$833,673
66$840,072$717,908$684,451$874,093
67$895,232$722,559$676,853$917,600
68$955,058$726,477$668,040$964,493
69$1,019,994$729,594$657,939$1,015,099
70$1,090,530$731,841$646,477$1,069,781
71$1,167,206$733,143$633,576$1,128,936
72$1,250,614$733,420$619,153$1,193,006
73$1,341,406$732,587$603,125$1,262,474
74$1,440,302$730,556$585,402$1,337,875
75$1,548,090$727,230$565,890$1,419,800
76$1,665,639$722,509$544,492$1,508,898
77$1,793,908$716,286$521,106$1,605,885
78$1,933,949$708,446$495,625$1,711,553
79$2,086,922$698,870$467,938$1,826,772
80$2,254,102$687,429$437,929$1,952,505
81$2,436,896$673,989$405,475$2,089,811
82$2,636,851$658,405$370,449$2,239,859
83$2,855,669$640,527$332,719$2,403,937
84$3,095,228$620,193$292,146$2,583,467
85$3,357,593$597,234$248,584$2,780,017
86$3,645,038$571,469$201,883$2,995,313
87$3,960,069$542,709$151,883$3,231,263
88$4,305,446$510,751$98,421$3,489,968
89$4,684,206$475,383$41,323$3,773,744
90$5,099,698$436,379$0$4,085,146
91$5,555,608$393,502$0$4,428,875
92$6,055,996$346,500$0$4,810,512
93$6,605,335$295,106$0$5,229,528
94$7,208,554$239,041$0$5,689,719
95$7,871,079$178,007$0$6,195,270
96$8,598,891$111,690$0$6,750,793
97$9,398,575$39,761$0$7,361,373
98$10,277,389$0$0$8,032,614
99$11,243,328$0$0$8,779,085
100$12,305,197$0$0$9,609,349