Can I retire at age 64 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$55,823$55,326$54,841$54,368$53,905$52,263
2 years$27,635$27,121$26,622$26,138$25,669$24,029
3 years$18,241$17,724$17,226$16,747$16,286$14,699
4 years$13,544$13,029$12,536$12,065$11,615$10,094
5 years$10,727$10,215$9,729$9,267$8,830$7,378
6 years$8,849$8,341$7,862$7,411$6,987$5,605
7 years$7,509$7,005$6,533$6,093$5,682$4,372
8 years$6,504$6,004$5,541$5,111$4,714$3,473
9 years$5,723$5,228$4,772$4,354$3,970$2,798
10 years$5,098$4,608$4,161$3,753$3,382$2,277
11 years$4,587$4,102$3,663$3,266$2,909$1,869
12 years$4,162$3,682$3,251$2,865$2,521$1,544
13 years$3,803$3,328$2,904$2,529$2,198$1,281
14 years$3,495$3,025$2,610$2,245$1,927$1,068
15 years$3,228$2,763$2,356$2,002$1,697$894
16 years$2,995$2,535$2,136$1,793$1,499$750
17 years$2,789$2,335$1,944$1,611$1,330$630
18 years$2,607$2,157$1,774$1,452$1,182$531
19 years$2,444$1,999$1,624$1,312$1,054$448
20 years$2,298$1,858$1,491$1,188$941$379
21 years$2,165$1,731$1,371$1,078$842$320
22 years$2,045$1,615$1,264$980$755$271
23 years$1,935$1,511$1,167$893$678$230
24 years$1,835$1,416$1,079$814$609$195
25 years$1,743$1,328$1,000$744$548$165
26 years$1,658$1,249$927$680$494$140
27 years$1,579$1,175$861$622$445$119
28 years$1,507$1,107$800$570$402$101
29 years$1,439$1,045$745$523$363$86
30 years$1,376$986$694$480$328$73
31 years$1,317$933$647$441$296$62
32 years$1,262$882$603$405$268$53
33 years$1,211$836$563$373$243$45
34 years$1,162$792$526$343$220$38
35 years$1,117$751$492$316$199$32
36 years$1,074$713$460$291$180$28
37 years$1,033$677$431$268$163$23
38 years$995$644$404$247$148$20
39 years$959$612$378$228$134$17
40 years$924$582$354$210$122$14
41 years$892$554$332$194$110$12
42 years$861$528$312$179$100$10
43 years$831$503$292$165$91$9
44 years$803$479$275$152$83$8
45 years$776$457$258$141$75$6
46 years$751$436$242$130$68$5
47 years$727$416$227$120$62$5
48 years$703$397$214$111$56$4
49 years$681$379$201$103$51$3
50 years$660$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 $676,000, adding $4,949 every year, while hoping to spend $43,229 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: 71/8/21 Blend
63$676,000$676,000$676,000$676,000
64$750,057$714,229$703,751$799,111
65$780,567$703,231$681,331$821,454
66$812,741$690,245$656,712$840,315
67$846,702$675,128$629,773$859,896
68$882,585$657,729$600,390$880,264
69$920,539$637,888$568,433$901,491
70$960,723$615,434$533,765$923,660
71$1,003,314$590,187$496,243$946,863
72$1,048,505$561,959$455,720$971,203
73$1,096,505$530,547$412,039$996,792
74$1,147,543$495,739$365,037$1,023,759
75$1,201,873$457,311$314,546$1,052,244
76$1,259,768$415,023$260,388$1,082,404
77$1,321,531$368,626$202,377$1,114,414
78$1,387,491$317,853$140,321$1,148,469
79$1,458,011$262,423$74,018$1,184,784
80$1,533,488$202,041$3,257$1,223,600
81$1,614,356$136,394$0$1,265,183
82$1,701,093$65,150$0$1,326,021
83$1,794,222$0$0$1,392,081
84$1,894,319$0$0$1,464,112
85$2,002,013$0$0$1,547,806
86$2,117,998$0$0$1,637,969
87$2,243,035$0$0$1,735,196
88$2,377,959$0$0$1,840,140
89$2,523,689$0$0$1,953,518
90$2,681,233$0$0$2,076,120
91$2,851,700$0$0$2,208,813
92$3,036,311$0$0$2,352,549
93$3,236,404$0$0$2,508,378
94$3,453,454$0$0$2,677,451
95$3,689,081$0$0$2,861,036
96$3,945,069$0$0$3,060,527
97$4,223,379$0$0$3,277,457
98$4,526,167$0$0$3,513,514
99$4,855,807$0$0$3,770,554
100$5,214,912$0$0$4,050,620