Can I retire at age 64 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$55,576$55,081$54,598$54,126$53,666$51,598
2 years$27,513$27,000$26,504$26,022$25,555$23,496
3 years$18,160$17,645$17,150$16,673$16,213$14,228
4 years$13,484$12,971$12,481$12,012$11,563$9,668
5 years$10,679$10,169$9,685$9,226$8,790$6,988
6 years$8,810$8,304$7,827$7,378$6,956$5,249
7 years$7,476$6,974$6,504$6,066$5,657$4,045
8 years$6,475$5,978$5,516$5,089$4,693$3,174
9 years$5,697$5,205$4,751$4,334$3,952$2,524
10 years$5,076$4,588$4,142$3,736$3,367$2,027
11 years$4,567$4,084$3,647$3,252$2,896$1,641
12 years$4,144$3,666$3,236$2,852$2,510$1,337
13 years$3,786$3,313$2,891$2,518$2,188$1,094
14 years$3,479$3,011$2,598$2,235$1,918$899
15 years$3,214$2,751$2,346$1,993$1,689$741
16 years$2,982$2,524$2,127$1,785$1,493$612
17 years$2,777$2,324$1,935$1,604$1,324$507
18 years$2,596$2,148$1,767$1,445$1,177$420
19 years$2,433$1,991$1,617$1,306$1,049$349
20 years$2,287$1,850$1,484$1,183$937$290
21 years$2,155$1,723$1,365$1,073$838$241
22 years$2,036$1,608$1,258$976$752$201
23 years$1,927$1,504$1,162$889$675$168
24 years$1,827$1,409$1,074$811$606$140
25 years$1,735$1,323$995$740$546$117
26 years$1,651$1,243$923$677$492$97
27 years$1,572$1,170$857$620$443$81
28 years$1,500$1,102$797$568$400$68
29 years$1,433$1,040$741$521$361$57
30 years$1,370$982$691$478$326$47
31 years$1,311$928$644$439$295$40
32 years$1,257$878$601$403$267$33
33 years$1,205$832$561$371$241$28
34 years$1,157$788$524$341$219$23
35 years$1,112$748$490$314$198$19
36 years$1,069$710$458$289$179$16
37 years$1,029$674$429$267$163$13
38 years$990$641$402$246$147$11
39 years$954$609$376$227$134$9
40 years$920$580$353$209$121$8
41 years$888$552$331$193$110$7
42 years$857$525$310$178$100$6
43 years$828$501$291$164$91$5
44 years$800$477$273$152$82$4
45 years$773$455$257$140$75$3
46 years$748$434$241$129$68$3
47 years$723$414$226$120$62$2
48 years$700$396$213$110$56$2
49 years$678$378$200$102$51$2
50 years$657$361$188$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $673,000, adding $2,517 every year, while hoping to spend $34,330 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: 55/15/30 Blend
63$673,000$673,000$673,000$673,000
64$744,242$708,573$698,142$778,847
65$783,628$706,767$685,003$801,237
66$825,881$703,721$670,273$821,884
67$871,256$699,339$653,863$843,696
68$920,036$693,518$635,679$866,797
69$972,528$686,149$615,622$891,328
70$1,029,072$677,116$593,592$917,443
71$1,090,040$666,297$569,480$945,316
72$1,155,841$653,563$543,174$975,140
73$1,226,924$638,774$514,557$1,007,129
74$1,303,782$621,787$483,507$1,041,521
75$1,386,960$602,446$449,896$1,078,582
76$1,477,052$580,588$413,590$1,118,607
77$1,574,715$556,041$374,450$1,161,921
78$1,680,671$528,621$332,328$1,208,889
79$1,795,712$498,136$287,074$1,259,914
80$1,920,711$464,381$238,527$1,315,444
81$2,056,628$427,140$186,522$1,375,974
82$2,204,518$386,185$130,885$1,442,054
83$2,365,544$341,273$71,435$1,514,296
84$2,540,984$292,150$7,982$1,593,375
85$2,732,244$238,545$0$1,680,040
86$2,940,874$180,174$0$1,794,242
87$3,168,577$116,737$0$1,921,748
88$3,417,229$47,914$0$2,061,089
89$3,688,896$0$0$2,213,461
90$3,985,850$0$0$2,384,583
91$4,310,596$0$0$2,580,427
92$4,665,889$0$0$2,794,755
93$5,054,763$0$0$3,029,404
94$5,480,560$0$0$3,286,400
95$5,946,961$0$0$3,567,971
96$6,458,017$0$0$3,876,573
97$7,018,191$0$0$4,214,909
98$7,632,399$0$0$4,585,958
99$8,306,054$0$0$4,992,999
100$9,045,120$0$0$5,439,646