Can I retire at age 64 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$55,493$54,999$54,517$54,046$53,586$52,185
2 years$27,472$26,960$26,464$25,984$25,517$24,115
3 years$18,133$17,619$17,124$16,648$16,189$14,830
4 years$13,464$12,952$12,462$11,994$11,546$10,240
5 years$10,663$10,154$9,671$9,212$8,777$7,528
6 years$8,797$8,292$7,816$7,367$6,945$5,755
7 years$7,464$6,963$6,495$6,057$5,648$4,516
8 years$6,465$5,969$5,508$5,081$4,686$3,611
9 years$5,689$5,197$4,744$4,328$3,946$2,928
10 years$5,068$4,581$4,136$3,731$3,362$2,400
11 years$4,560$4,078$3,641$3,247$2,892$1,984
12 years$4,138$3,660$3,232$2,848$2,506$1,650
13 years$3,780$3,308$2,887$2,514$2,185$1,380
14 years$3,474$3,007$2,594$2,232$1,916$1,159
15 years$3,209$2,747$2,342$1,990$1,687$977
16 years$2,977$2,520$2,124$1,782$1,491$826
17 years$2,773$2,321$1,932$1,601$1,322$700
18 years$2,592$2,145$1,764$1,443$1,175$595
19 years$2,430$1,988$1,615$1,304$1,047$506
20 years$2,284$1,847$1,482$1,181$936$431
21 years$2,152$1,720$1,363$1,072$837$368
22 years$2,033$1,606$1,256$975$750$314
23 years$1,924$1,502$1,160$888$674$268
24 years$1,824$1,407$1,073$809$606$230
25 years$1,733$1,321$994$739$545$197
26 years$1,648$1,241$922$676$491$168
27 years$1,570$1,168$856$619$442$144
28 years$1,498$1,101$796$567$399$124
29 years$1,431$1,038$740$520$361$106
30 years$1,368$981$690$477$326$91
31 years$1,309$927$643$438$295$78
32 years$1,255$877$600$403$266$67
33 years$1,203$831$560$370$241$57
34 years$1,155$787$523$341$218$49
35 years$1,110$747$489$314$198$42
36 years$1,067$709$458$289$179$36
37 years$1,027$673$428$266$162$31
38 years$989$640$401$245$147$27
39 years$953$608$376$226$133$23
40 years$919$579$352$209$121$20
41 years$886$551$330$192$110$17
42 years$856$525$310$178$100$15
43 years$826$500$291$164$90$13
44 years$798$477$273$151$82$11
45 years$772$454$256$140$75$9
46 years$747$434$241$129$68$8
47 years$722$414$226$119$61$7
48 years$699$395$212$110$56$6
49 years$677$377$200$102$51$5
50 years$656$360$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $672,000, adding $2,648 every year, while hoping to spend $33,520 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: 59/27/14 Blend
63$672,000$672,000$672,000$672,000
64$743,275$707,659$697,243$784,364
65$783,424$706,670$684,936$811,406
66$826,545$704,508$671,093$836,915
67$872,906$701,082$655,627$863,940
68$922,799$696,292$638,448$892,631
69$976,549$690,035$619,460$923,154
70$1,034,510$682,199$598,565$955,696
71$1,097,070$672,667$575,657$990,460
72$1,164,659$661,315$550,629$1,027,674
73$1,237,746$648,011$523,367$1,067,590
74$1,316,848$632,616$493,752$1,110,487
75$1,402,533$614,980$461,659$1,156,675
76$1,495,426$594,949$426,959$1,206,498
77$1,596,213$572,356$389,517$1,260,335
78$1,705,652$547,026$349,190$1,318,608
79$1,824,571$518,773$305,831$1,381,783
80$1,953,886$487,402$259,285$1,450,376
81$2,094,603$452,705$209,391$1,524,960
82$2,247,827$414,462$155,980$1,606,168
83$2,414,776$372,442$98,877$1,694,700
84$2,596,791$326,399$37,897$1,791,332
85$2,795,347$276,075$0$1,896,922
86$3,012,066$221,197$0$2,016,479
87$3,248,735$161,474$0$2,153,298
88$3,507,322$96,603$0$2,302,905
89$3,789,993$26,260$0$2,466,616
90$4,099,131$0$0$2,645,884
91$4,437,361$0$0$2,857,140
92$4,807,575$0$0$3,096,965
93$5,212,955$0$0$3,359,627
94$5,657,007$0$0$3,647,404
95$6,143,590$0$0$3,962,805
96$6,676,956$0$0$4,308,592
97$7,261,787$0$0$4,687,810
98$7,903,240$0$0$5,103,809
99$8,606,995$0$0$5,560,283
100$9,379,308$0$0$6,061,298