Can I retire at age 64 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,906$55,408$54,922$54,448$53,985$53,555
2 years$27,676$27,161$26,661$26,177$25,707$25,274
3 years$18,268$17,750$17,252$16,772$16,310$15,886
4 years$13,564$13,048$12,555$12,083$11,632$11,222
5 years$10,743$10,230$9,743$9,281$8,843$8,447
6 years$8,863$8,353$7,874$7,422$6,997$6,616
7 years$7,520$7,015$6,543$6,102$5,690$5,325
8 years$6,514$6,013$5,549$5,119$4,721$4,370
9 years$5,731$5,236$4,779$4,360$3,975$3,640
10 years$5,106$4,615$4,167$3,759$3,387$3,067
11 years$4,594$4,108$3,668$3,271$2,913$2,607
12 years$4,168$3,688$3,256$2,869$2,525$2,233
13 years$3,808$3,332$2,909$2,533$2,201$1,924
14 years$3,500$3,029$2,613$2,249$1,930$1,666
15 years$3,233$2,767$2,360$2,005$1,699$1,448
16 years$2,999$2,539$2,139$1,796$1,502$1,264
17 years$2,794$2,338$1,947$1,613$1,331$1,106
18 years$2,611$2,161$1,777$1,454$1,184$970
19 years$2,448$2,002$1,627$1,314$1,055$853
20 years$2,301$1,861$1,493$1,190$943$752
21 years$2,168$1,733$1,373$1,080$843$664
22 years$2,048$1,618$1,266$982$756$587
23 years$1,938$1,513$1,169$894$679$519
24 years$1,838$1,418$1,081$816$610$460
25 years$1,745$1,330$1,001$745$549$408
26 years$1,660$1,250$928$681$494$362
27 years$1,582$1,177$862$623$446$322
28 years$1,509$1,109$801$571$402$286
29 years$1,441$1,046$746$524$363$254
30 years$1,378$988$695$481$328$226
31 years$1,319$934$648$441$297$201
32 years$1,264$884$604$406$268$179
33 years$1,212$837$564$373$243$160
34 years$1,164$793$527$343$220$142
35 years$1,118$752$493$316$199$127
36 years$1,075$714$461$291$180$113
37 years$1,035$678$432$268$164$101
38 years$996$645$404$247$148$90
39 years$960$613$379$228$134$80
40 years$926$583$355$210$122$72
41 years$893$555$333$194$111$64
42 years$862$529$312$179$100$57
43 years$832$504$293$165$91$51
44 years$804$480$275$153$83$46
45 years$778$458$258$141$75$41
46 years$752$437$242$130$68$36
47 years$728$417$228$120$62$32
48 years$705$398$214$111$56$29
49 years$682$380$201$103$51$26
50 years$661$363$189$95$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $677,000, adding $3,594 every year, while hoping to spend $21,666 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: 44/37/19 Blend
63$677,000$677,000$677,000$677,000
64$749,761$713,880$703,387$778,486
65$803,184$725,808$703,898$810,976
66$861,331$737,594$703,700$843,756
67$924,659$749,208$702,746$878,835
68$993,674$760,619$700,988$916,436
69$1,068,931$771,792$698,374$956,806
70$1,151,043$782,691$694,850$1,000,215
71$1,240,682$793,276$690,360$1,046,965
72$1,338,590$803,504$684,845$1,097,386
73$1,445,582$813,332$678,243$1,151,845
74$1,562,556$822,710$670,490$1,210,746
75$1,690,502$831,588$661,517$1,274,535
76$1,830,509$839,911$651,252$1,343,704
77$1,983,774$847,621$639,623$1,418,799
78$2,151,619$854,654$626,551$1,500,420
79$2,335,498$860,946$611,953$1,589,230
80$2,537,011$866,424$595,746$1,685,961
81$2,757,922$871,015$577,840$1,791,423
82$3,000,174$874,639$558,141$1,906,507
83$3,265,905$877,209$536,552$2,032,198
84$3,557,471$878,636$512,970$2,169,584
85$3,877,468$878,825$487,290$2,319,865
86$4,228,755$877,672$459,399$2,484,367
87$4,614,480$875,070$429,181$2,664,550
88$5,038,112$870,904$396,514$2,862,029
89$5,503,473$865,051$361,271$3,078,584
90$6,014,772$857,384$323,318$3,316,180
91$6,576,647$847,764$282,518$3,576,986
92$7,194,207$836,046$238,724$3,863,393
93$7,873,080$822,077$191,785$4,178,043
94$8,619,468$805,692$141,544$4,523,846
95$9,440,203$786,720$87,834$4,904,018
96$10,342,811$764,976$30,484$5,322,101
97$11,335,586$740,269$0$5,782,008
98$12,427,665$712,391$0$6,294,280
99$13,629,115$681,127$0$6,864,448
100$14,951,029$646,246$0$7,491,614