Can I retire at age 64 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$55,658$55,163$54,679$54,207$53,746$53,273
2 years$27,554$27,040$26,543$26,061$25,593$25,117
3 years$18,187$17,671$17,175$16,697$16,237$15,772
4 years$13,504$12,990$12,499$12,030$11,581$11,130
5 years$10,695$10,184$9,700$9,240$8,803$8,369
6 years$8,823$8,316$7,839$7,389$6,966$6,548
7 years$7,487$6,984$6,514$6,075$5,665$5,264
8 years$6,485$5,987$5,525$5,096$4,700$4,315
9 years$5,706$5,212$4,758$4,341$3,958$3,590
10 years$5,083$4,595$4,148$3,742$3,372$3,021
11 years$4,574$4,090$3,652$3,257$2,900$2,565
12 years$4,150$3,671$3,241$2,856$2,513$2,194
13 years$3,791$3,318$2,896$2,522$2,192$1,888
14 years$3,484$3,016$2,602$2,239$1,921$1,633
15 years$3,218$2,755$2,349$1,996$1,692$1,418
16 years$2,986$2,528$2,130$1,788$1,495$1,235
17 years$2,781$2,328$1,938$1,606$1,326$1,080
18 years$2,599$2,151$1,769$1,447$1,179$946
19 years$2,437$1,993$1,620$1,308$1,051$831
20 years$2,291$1,852$1,486$1,185$938$731
21 years$2,159$1,725$1,367$1,075$840$644
22 years$2,039$1,611$1,260$977$753$568
23 years$1,930$1,506$1,163$890$676$502
24 years$1,830$1,411$1,076$812$607$444
25 years$1,738$1,325$997$741$546$393
26 years$1,653$1,245$924$678$492$349
27 years$1,575$1,172$858$621$444$309
28 years$1,502$1,104$798$569$400$274
29 years$1,435$1,041$743$521$362$244
30 years$1,372$984$692$479$327$217
31 years$1,313$930$645$439$295$192
32 years$1,258$880$602$404$267$171
33 years$1,207$833$562$371$242$152
34 years$1,159$790$525$342$219$135
35 years$1,113$749$491$315$198$121
36 years$1,070$711$459$290$180$107
37 years$1,030$675$430$267$163$96
38 years$992$642$402$246$148$85
39 years$956$610$377$227$134$76
40 years$921$581$353$209$121$68
41 years$889$553$331$193$110$60
42 years$858$526$311$178$100$54
43 years$829$501$292$164$91$48
44 years$801$478$274$152$82$43
45 years$774$456$257$140$75$38
46 years$749$435$241$130$68$34
47 years$725$415$227$120$62$30
48 years$701$396$213$111$56$27
49 years$679$378$200$102$51$24
50 years$658$361$188$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $674,000, adding $5,639 every year, while hoping to spend $51,142 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: 55/16/29 Blend
63$674,000$674,000$674,000$674,000
64$748,565$712,843$702,396$783,439
65$770,504$693,357$671,511$788,645
66$792,966$671,203$637,878$788,587
67$815,952$646,195$601,350$787,504
68$839,458$618,138$561,775$785,315
69$863,481$586,825$518,993$781,936
70$888,014$552,037$472,837$777,276
71$913,048$513,543$423,133$771,238
72$938,570$471,099$369,699$763,721
73$964,567$424,444$312,346$754,614
74$991,017$373,307$250,875$743,801
75$1,017,900$317,399$185,078$731,158
76$1,045,188$256,413$114,740$716,552
77$1,072,848$190,028$39,635$699,842
78$1,100,843$117,904$0$680,878
79$1,129,128$39,680$0$672,035
80$1,157,652$0$0$674,508
81$1,186,355$0$0$683,845
82$1,215,172$0$0$700,201
83$1,244,023$0$0$716,544
84$1,272,822$0$0$732,819
85$1,301,468$0$0$748,965
86$1,329,849$0$0$764,911
87$1,357,838$0$0$780,580
88$1,385,290$0$0$795,883
89$1,412,044$0$0$810,720
90$1,437,919$0$0$824,982
91$1,462,711$0$0$838,542
92$1,486,193$0$0$851,263
93$1,508,110$0$0$862,987
94$1,528,178$0$0$873,541
95$1,546,080$0$0$882,732
96$1,561,461$0$0$890,342
97$1,573,928$0$0$896,133
98$1,583,043$0$0$899,836
99$1,588,317$0$0$901,153
100$1,589,209$0$0$899,756