Can I retire at age 64 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$55,989$55,490$55,003$54,528$54,065$52,043
2 years$27,717$27,201$26,701$26,216$25,745$23,731
3 years$18,295$17,776$17,277$16,797$16,334$14,391
4 years$13,584$13,067$12,573$12,101$11,649$9,793
5 years$10,759$10,245$9,757$9,295$8,856$7,090
6 years$8,876$8,366$7,885$7,433$7,007$5,334
7 years$7,531$7,026$6,553$6,111$5,699$4,118
8 years$6,523$6,022$5,557$5,126$4,728$3,237
9 years$5,740$5,243$4,787$4,367$3,981$2,579
10 years$5,113$4,622$4,173$3,764$3,392$2,075
11 years$4,601$4,115$3,674$3,276$2,917$1,683
12 years$4,174$3,693$3,260$2,873$2,528$1,374
13 years$3,814$3,337$2,913$2,537$2,205$1,127
14 years$3,505$3,034$2,617$2,252$1,933$927
15 years$3,238$2,771$2,363$2,008$1,702$766
16 years$3,004$2,543$2,142$1,798$1,504$634
17 years$2,798$2,342$1,950$1,616$1,333$526
18 years$2,615$2,164$1,780$1,456$1,186$437
19 years$2,451$2,005$1,629$1,316$1,057$364
20 years$2,304$1,863$1,495$1,192$944$303
21 years$2,172$1,736$1,375$1,081$845$253
22 years$2,051$1,620$1,268$983$757$211
23 years$1,941$1,515$1,170$895$680$177
24 years$1,840$1,420$1,082$817$611$148
25 years$1,748$1,332$1,003$746$550$123
26 years$1,663$1,252$930$682$495$103
27 years$1,584$1,179$863$624$446$86
28 years$1,511$1,111$803$572$403$72
29 years$1,443$1,048$747$524$364$61
30 years$1,380$989$696$481$329$51
31 years$1,321$935$649$442$297$42
32 years$1,266$885$605$406$269$36
33 years$1,214$838$565$374$243$30
34 years$1,166$794$528$344$220$25
35 years$1,120$753$494$316$199$21
36 years$1,077$715$462$291$181$18
37 years$1,036$679$432$269$164$15
38 years$998$645$405$248$149$12
39 years$961$614$379$228$135$10
40 years$927$584$355$210$122$9
41 years$894$556$333$194$111$7
42 years$863$529$313$179$101$6
43 years$834$504$293$165$91$5
44 years$806$481$275$153$83$4
45 years$779$458$259$141$75$4
46 years$753$437$243$130$68$3
47 years$729$417$228$120$62$3
48 years$706$398$214$111$56$2
49 years$683$381$202$103$51$2
50 years$662$363$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $678,000, adding $3,819 every year, while hoping to spend $32,146 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: 65/6/29 Blend
63$678,000$678,000$678,000$678,000
64$751,095$715,161$704,652$793,906
65$793,504$716,001$694,055$824,171
66$839,161$715,805$682,025$853,342
67$888,363$714,487$668,481$884,532
68$941,438$711,959$653,337$917,942
69$998,744$708,124$636,504$953,797
70$1,060,676$702,882$617,886$992,345
71$1,127,667$696,125$597,387$1,033,860
72$1,200,192$687,739$574,903$1,078,646
73$1,278,777$677,603$550,328$1,127,039
74$1,363,997$665,590$523,548$1,179,408
75$1,456,484$651,564$494,447$1,236,165
76$1,556,937$635,382$462,902$1,297,762
77$1,666,120$616,891$428,784$1,364,700
78$1,784,876$595,931$391,961$1,437,533
79$1,914,134$572,331$352,292$1,516,872
80$2,054,912$545,912$309,630$1,603,394
81$2,208,334$516,483$263,824$1,697,845
82$2,375,636$483,842$214,713$1,801,049
83$2,558,177$447,777$162,132$1,913,918
84$2,757,454$408,061$105,907$2,037,458
85$2,975,115$364,457$45,856$2,172,779
86$3,212,975$316,713$0$2,321,110
87$3,473,029$264,563$0$2,489,444
88$3,757,478$207,726$0$2,689,147
89$4,068,742$145,906$0$2,907,728
90$4,409,486$78,788$0$3,147,079
91$4,782,647$6,042$0$3,409,279
92$5,191,458$0$0$3,696,622
93$5,639,478$0$0$4,016,434
94$6,130,628$0$0$4,367,517
95$6,669,228$0$0$4,752,564
96$7,260,033$0$0$5,174,983
97$7,908,282$0$0$5,638,524
98$8,619,746$0$0$6,147,321
99$9,400,780$0$0$6,705,926
100$10,258,388$0$0$7,319,353