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%13%
1 years$55,493$54,999$54,517$54,046$53,586$52,917
2 years$27,472$26,960$26,464$25,984$25,517$24,843
3 years$18,133$17,619$17,124$16,648$16,189$15,532
4 years$13,464$12,952$12,462$11,994$11,546$10,911
5 years$10,663$10,154$9,671$9,212$8,777$8,166
6 years$8,797$8,292$7,816$7,367$6,945$6,358
7 years$7,464$6,963$6,495$6,057$5,648$5,086
8 years$6,465$5,969$5,508$5,081$4,686$4,148
9 years$5,689$5,197$4,744$4,328$3,946$3,433
10 years$5,068$4,581$4,136$3,731$3,362$2,873
11 years$4,560$4,078$3,641$3,247$2,892$2,426
12 years$4,138$3,660$3,232$2,848$2,506$2,063
13 years$3,780$3,308$2,887$2,514$2,185$1,765
14 years$3,474$3,007$2,594$2,232$1,916$1,517
15 years$3,209$2,747$2,342$1,990$1,687$1,309
16 years$2,977$2,520$2,124$1,782$1,491$1,134
17 years$2,773$2,321$1,932$1,601$1,322$985
18 years$2,592$2,145$1,764$1,443$1,175$857
19 years$2,430$1,988$1,615$1,304$1,047$748
20 years$2,284$1,847$1,482$1,181$936$654
21 years$2,152$1,720$1,363$1,072$837$572
22 years$2,033$1,606$1,256$975$750$502
23 years$1,924$1,502$1,160$888$674$440
24 years$1,824$1,407$1,073$809$606$387
25 years$1,733$1,321$994$739$545$340
26 years$1,648$1,241$922$676$491$299
27 years$1,570$1,168$856$619$442$263
28 years$1,498$1,101$796$567$399$232
29 years$1,431$1,038$740$520$361$205
30 years$1,368$981$690$477$326$180
31 years$1,309$927$643$438$295$159
32 years$1,255$877$600$403$266$141
33 years$1,203$831$560$370$241$124
34 years$1,155$787$523$341$218$110
35 years$1,110$747$489$314$198$97
36 years$1,067$709$458$289$179$86
37 years$1,027$673$428$266$162$76
38 years$989$640$401$245$147$67
39 years$953$608$376$226$133$59
40 years$919$579$352$209$121$52
41 years$886$551$330$192$110$46
42 years$856$525$310$178$100$41
43 years$826$500$291$164$90$36
44 years$798$477$273$151$82$32
45 years$772$454$256$140$75$28
46 years$747$434$241$129$68$25
47 years$722$414$226$119$61$22
48 years$699$395$212$110$56$20
49 years$677$377$200$102$51$17
50 years$656$360$188$94$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $672,000, adding $4,794 every year, while hoping to spend $31,341 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: 39/38/23 Blend
63$672,000$672,000$672,000$672,000
64$745,489$709,873$699,457$769,303
65$788,182$711,310$689,542$788,399
66$834,180$711,767$678,245$805,735
67$883,786$711,164$665,486$823,852
68$937,334$709,412$651,181$842,842
69$995,191$706,423$635,245$862,804
70$1,057,760$702,097$617,585$883,851
71$1,125,485$696,333$598,108$906,112
72$1,198,852$689,022$576,712$929,727
73$1,278,398$680,046$553,295$954,856
74$1,364,712$669,285$527,747$981,679
75$1,458,440$656,608$499,955$1,010,393
76$1,560,297$641,878$469,799$1,041,224
77$1,671,065$624,948$437,155$1,074,419
78$1,791,608$605,665$401,894$1,110,259
79$1,922,874$583,864$363,880$1,149,052
80$2,065,908$559,374$322,970$1,191,145
81$2,221,858$532,012$279,018$1,236,925
82$2,391,991$501,583$231,868$1,286,822
83$2,577,697$467,883$181,358$1,341,312
84$2,780,509$430,697$127,321$1,400,930
85$3,002,114$389,795$69,580$1,466,267
86$3,244,371$344,935$7,951$1,537,982
87$3,509,322$295,863$0$1,616,805
88$3,799,221$242,308$0$1,717,740
89$4,116,545$183,985$0$1,830,503
90$4,464,025$120,593$0$1,954,194
91$4,844,668$51,813$0$2,089,979
92$5,261,783$0$0$2,239,145
93$5,719,017$0$0$2,412,605
94$6,220,386$0$0$2,626,656
95$6,770,313$0$0$2,861,531
96$7,373,669$0$0$3,119,323
97$8,035,819$0$0$3,402,335
98$8,762,675$0$0$3,713,108
99$9,560,748$0$0$4,054,436
100$10,437,208$0$0$4,429,402