Can I retire at age 64 with 676,000?

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 $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%15.4%
1 years$55,823$55,326$54,841$54,368$53,905$52,709
2 years$27,635$27,121$26,622$26,138$25,669$24,470
3 years$18,241$17,724$17,226$16,747$16,286$15,121
4 years$13,544$13,029$12,536$12,065$11,615$10,495
5 years$10,727$10,215$9,729$9,267$8,830$7,756
6 years$8,849$8,341$7,862$7,411$6,987$5,961
7 years$7,509$7,005$6,533$6,093$5,682$4,704
8 years$6,504$6,004$5,541$5,111$4,714$3,784
9 years$5,723$5,228$4,772$4,354$3,970$3,087
10 years$5,098$4,608$4,161$3,753$3,382$2,546
11 years$4,587$4,102$3,663$3,266$2,909$2,117
12 years$4,162$3,682$3,251$2,865$2,521$1,773
13 years$3,803$3,328$2,904$2,529$2,198$1,493
14 years$3,495$3,025$2,610$2,245$1,927$1,263
15 years$3,228$2,763$2,356$2,002$1,697$1,072
16 years$2,995$2,535$2,136$1,793$1,499$913
17 years$2,789$2,335$1,944$1,611$1,330$779
18 years$2,607$2,157$1,774$1,452$1,182$667
19 years$2,444$1,999$1,624$1,312$1,054$572
20 years$2,298$1,858$1,491$1,188$941$491
21 years$2,165$1,731$1,371$1,078$842$422
22 years$2,045$1,615$1,264$980$755$363
23 years$1,935$1,511$1,167$893$678$313
24 years$1,835$1,416$1,079$814$609$270
25 years$1,743$1,328$1,000$744$548$233
26 years$1,658$1,249$927$680$494$201
27 years$1,579$1,175$861$622$445$173
28 years$1,507$1,107$800$570$402$150
29 years$1,439$1,045$745$523$363$130
30 years$1,376$986$694$480$328$112
31 years$1,317$933$647$441$296$97
32 years$1,262$882$603$405$268$84
33 years$1,211$836$563$373$243$73
34 years$1,162$792$526$343$220$63
35 years$1,117$751$492$316$199$54
36 years$1,074$713$460$291$180$47
37 years$1,033$677$431$268$163$41
38 years$995$644$404$247$148$35
39 years$959$612$378$228$134$31
40 years$924$582$354$210$122$26
41 years$892$554$332$194$110$23
42 years$861$528$312$179$100$20
43 years$831$503$292$165$91$17
44 years$803$479$275$152$83$15
45 years$776$457$258$141$75$13
46 years$751$436$242$130$68$11
47 years$727$416$227$120$62$10
48 years$703$397$214$111$56$8
49 years$681$379$201$103$51$7
50 years$660$362$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $676,000, adding $4,605 every year, while hoping to spend $20,819 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: 80/14/6 Blend
63$676,000$676,000$676,000$676,000
64$749,702$713,874$703,396$808,965
65$804,020$726,703$704,809$861,257
66$863,181$739,462$705,571$915,398
67$927,657$752,127$705,638$974,169
68$997,967$764,670$704,966$1,038,022
69$1,074,683$777,062$703,506$1,107,453
70$1,158,433$789,271$701,206$1,183,009
71$1,249,912$801,263$698,015$1,265,294
72$1,349,881$813,003$693,876$1,354,970
73$1,459,180$824,451$688,732$1,452,768
74$1,578,732$835,566$682,521$1,559,494
75$1,709,557$846,303$675,180$1,676,034
76$1,852,775$856,614$666,641$1,803,366
77$2,009,619$866,450$656,835$1,942,565
78$2,181,449$875,755$645,687$2,094,817
79$2,369,762$884,471$633,122$2,261,429
80$2,576,205$892,538$619,060$2,443,839
81$2,802,594$899,888$603,414$2,643,634
82$3,050,929$906,453$586,099$2,862,560
83$3,323,412$912,158$567,021$3,102,542
84$3,622,468$916,922$546,085$3,365,703
85$3,950,771$920,662$523,190$3,654,377
86$4,311,263$923,288$498,230$3,971,142
87$4,707,187$924,704$471,096$4,318,835
88$5,142,114$924,809$441,672$4,700,583
89$5,619,981$923,495$409,839$5,119,832
90$6,145,120$920,648$375,470$5,580,379
91$6,722,309$916,147$338,435$6,086,408
92$7,356,809$909,862$298,597$6,642,531
93$8,054,415$901,657$255,811$7,253,828
94$8,821,514$891,387$209,930$7,925,900
95$9,665,143$878,899$160,797$8,664,917
96$10,593,052$864,029$108,248$9,477,680
97$11,613,783$846,606$52,114$10,371,682
98$12,736,746$826,447$0$11,355,181
99$13,972,309$803,358$0$12,437,778
100$15,331,897$777,135$0$13,632,597