Can I retire at age 64 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$55,411$54,917$54,435$53,965$53,506$51,690
2 years$27,431$26,920$26,425$25,945$25,479$23,668
3 years$18,106$17,593$17,099$16,623$16,165$14,415
4 years$13,444$12,932$12,443$11,976$11,529$9,854
5 years$10,648$10,139$9,657$9,199$8,764$7,168
6 years$8,784$8,279$7,804$7,356$6,935$5,420
7 years$7,453$6,953$6,485$6,048$5,640$4,205
8 years$6,456$5,960$5,500$5,074$4,679$3,323
9 years$5,680$5,189$4,737$4,322$3,940$2,662
10 years$5,060$4,574$4,130$3,725$3,357$2,155
11 years$4,554$4,072$3,636$3,242$2,887$1,758
12 years$4,131$3,655$3,227$2,844$2,502$1,443
13 years$3,774$3,303$2,883$2,511$2,182$1,191
14 years$3,469$3,002$2,590$2,229$1,913$987
15 years$3,204$2,743$2,339$1,988$1,684$820
16 years$2,973$2,516$2,120$1,780$1,488$684
17 years$2,769$2,317$1,929$1,599$1,320$571
18 years$2,588$2,141$1,761$1,441$1,173$478
19 years$2,426$1,985$1,612$1,302$1,046$400
20 years$2,281$1,844$1,480$1,179$934$336
21 years$2,149$1,718$1,361$1,070$836$282
22 years$2,030$1,604$1,254$973$749$237
23 years$1,921$1,500$1,158$886$673$200
24 years$1,821$1,405$1,071$808$605$168
25 years$1,730$1,319$992$738$544$142
26 years$1,646$1,239$920$675$490$119
27 years$1,568$1,166$854$618$442$101
28 years$1,496$1,099$794$566$399$85
29 years$1,428$1,037$739$519$360$71
30 years$1,366$979$689$476$325$60
31 years$1,307$926$642$438$294$51
32 years$1,253$876$599$402$266$43
33 years$1,202$829$559$370$241$36
34 years$1,154$786$522$340$218$31
35 years$1,108$746$488$313$197$26
36 years$1,066$708$457$288$179$22
37 years$1,025$672$428$266$162$18
38 years$987$639$401$245$147$16
39 years$951$607$375$226$133$13
40 years$917$578$352$208$121$11
41 years$885$550$330$192$110$9
42 years$854$524$309$177$100$8
43 years$825$499$290$164$90$7
44 years$797$476$273$151$82$6
45 years$771$454$256$140$74$5
46 years$745$433$240$129$68$4
47 years$721$413$226$119$61$3
48 years$698$394$212$110$56$3
49 years$676$377$199$102$51$2
50 years$655$360$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 $671,000, adding $2,468 every year, while hoping to spend $21,191 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: 62/15/23 Blend
63$671,000$671,000$671,000$671,000
64$741,988$706,425$696,024$783,361
65$795,123$718,492$696,794$823,712
66$852,969$730,441$696,879$865,190
67$915,982$742,243$696,235$910,004
68$984,666$753,867$694,813$958,482
69$1,059,577$765,282$692,564$1,010,987
70$1,141,325$776,452$689,436$1,067,917
71$1,230,582$787,339$685,374$1,129,713
72$1,328,087$797,905$680,320$1,196,861
73$1,434,655$808,106$674,214$1,269,896
74$1,551,184$817,896$666,994$1,349,408
75$1,678,659$827,228$658,592$1,436,049
76$1,818,168$836,048$648,941$1,530,537
77$1,970,908$844,301$637,968$1,633,663
78$2,138,197$851,928$625,596$1,746,302
79$2,321,487$858,867$611,747$1,869,416
80$2,522,376$865,048$596,338$2,004,067
81$2,742,624$870,402$579,282$2,151,426
82$2,984,172$874,851$560,487$2,312,785
83$3,249,153$878,315$539,860$2,489,567
84$3,539,922$880,708$517,300$2,683,343
85$3,859,069$881,937$492,705$2,895,844
86$4,209,448$881,907$465,965$3,128,980
87$4,594,204$880,512$436,966$3,384,854
88$5,016,800$877,644$405,592$3,665,789
89$5,481,051$873,186$371,716$3,974,344
90$5,991,160$867,014$335,211$4,313,339
91$6,551,759$858,998$295,941$4,685,887
92$7,167,948$848,998$253,764$5,095,418
93$7,845,347$836,868$208,534$5,545,712
94$8,590,148$822,450$160,096$6,040,940
95$9,409,173$805,581$108,289$6,585,699
96$10,309,938$786,083$52,946$7,185,055
97$11,300,724$763,773$0$7,844,597
98$12,390,653$738,454$0$8,571,984
99$13,589,779$709,917$0$9,386,469
100$14,909,177$677,944$0$10,282,579