Can I retire at age 64 with 675,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$55,741$55,244$54,760$54,287$53,825$52,228
2 years$27,594$27,081$26,582$26,100$25,631$24,035
3 years$18,214$17,697$17,201$16,722$16,261$14,717
4 years$13,524$13,009$12,518$12,047$11,598$10,116
5 years$10,711$10,200$9,714$9,254$8,816$7,402
6 years$8,836$8,329$7,851$7,400$6,976$5,630
7 years$7,498$6,994$6,524$6,084$5,673$4,396
8 years$6,494$5,996$5,533$5,104$4,707$3,497
9 years$5,714$5,220$4,765$4,347$3,964$2,820
10 years$5,091$4,601$4,155$3,747$3,377$2,298
11 years$4,581$4,096$3,658$3,261$2,905$1,888
12 years$4,156$3,677$3,246$2,861$2,517$1,562
13 years$3,797$3,323$2,900$2,526$2,195$1,298
14 years$3,489$3,020$2,606$2,242$1,924$1,084
15 years$3,223$2,759$2,353$1,999$1,694$908
16 years$2,991$2,531$2,133$1,790$1,497$763
17 years$2,785$2,331$1,941$1,608$1,328$642
18 years$2,603$2,154$1,772$1,450$1,180$542
19 years$2,440$1,996$1,622$1,310$1,052$458
20 years$2,294$1,855$1,489$1,186$940$387
21 years$2,162$1,728$1,369$1,077$841$328
22 years$2,042$1,613$1,262$979$754$278
23 years$1,932$1,509$1,165$892$677$236
24 years$1,832$1,414$1,078$813$608$201
25 years$1,740$1,327$998$743$547$170
26 years$1,655$1,247$926$679$493$145
27 years$1,577$1,173$860$621$444$123
28 years$1,504$1,106$799$569$401$105
29 years$1,437$1,043$744$522$362$89
30 years$1,374$985$693$479$327$76
31 years$1,315$931$646$440$296$65
32 years$1,260$881$602$404$268$55
33 years$1,209$834$563$372$242$47
34 years$1,160$791$526$342$219$40
35 years$1,115$750$491$315$199$34
36 years$1,072$712$460$290$180$29
37 years$1,032$676$430$267$163$25
38 years$993$643$403$246$148$21
39 years$957$611$378$227$134$18
40 years$923$581$354$210$122$15
41 years$890$553$332$193$110$13
42 years$859$527$311$178$100$11
43 years$830$502$292$165$91$9
44 years$802$479$274$152$82$8
45 years$775$456$257$140$75$7
46 years$750$435$242$130$68$6
47 years$726$416$227$120$62$5
48 years$702$397$213$111$56$4
49 years$680$379$201$102$51$4
50 years$659$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $675,000, adding $6,301 every year, while hoping to spend $39,122 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: 79/6/15 Blend
63$675,000$675,000$675,000$675,000
64$750,349$714,574$704,112$806,794
65$785,260$707,963$686,074$838,235
66$822,419$699,717$666,121$867,089
67$862,017$689,714$644,147$897,646
68$904,258$677,825$620,041$930,059
69$949,369$663,915$593,689$964,498
70$997,597$647,839$564,970$1,001,152
71$1,049,213$629,444$533,758$1,040,227
72$1,104,515$608,569$499,920$1,081,951
73$1,163,828$585,041$463,320$1,126,578
74$1,227,510$558,681$423,814$1,174,384
75$1,295,955$529,295$381,250$1,225,676
76$1,369,593$496,681$335,473$1,280,793
77$1,448,898$460,625$286,318$1,340,108
78$1,534,390$420,900$233,614$1,404,033
79$1,626,640$377,265$177,181$1,473,022
80$1,726,275$329,469$116,835$1,547,578
81$1,833,984$277,243$52,378$1,628,254
82$1,950,527$220,304$0$1,715,659
83$2,076,735$158,353$0$1,813,095
84$2,213,525$91,076$0$1,927,795
85$2,361,904$18,138$0$2,052,223
86$2,522,980$0$0$2,187,321
87$2,697,970$0$0$2,338,141
88$2,888,215$0$0$2,503,429
89$3,095,190$0$0$2,683,270
90$3,320,515$0$0$2,879,077
91$3,565,977$0$0$3,092,402
92$3,833,539$0$0$3,324,956
93$4,125,363$0$0$3,578,621
94$4,443,829$0$0$3,855,466
95$4,791,554$0$0$4,157,772
96$5,171,424$0$0$4,488,048
97$5,586,610$0$0$4,849,057
98$6,040,608$0$0$5,243,841
99$6,537,265$0$0$5,675,749
100$7,080,817$0$0$6,148,467