Can I retire at age 64 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$56,071$55,572$55,084$54,609$54,144$53,160
2 years$27,758$27,241$26,740$26,254$25,783$24,795
3 years$18,322$17,802$17,303$16,821$16,358$15,396
4 years$13,604$13,087$12,592$12,119$11,667$10,740
5 years$10,775$10,260$9,772$9,308$8,869$7,979
6 years$8,889$8,378$7,897$7,444$7,018$6,166
7 years$7,542$7,036$6,562$6,120$5,707$4,893
8 years$6,533$6,031$5,566$5,134$4,735$3,959
9 years$5,748$5,251$4,794$4,373$3,987$3,249
10 years$5,121$4,629$4,179$3,770$3,397$2,696
11 years$4,608$4,121$3,679$3,281$2,922$2,257
12 years$4,181$3,698$3,265$2,878$2,532$1,902
13 years$3,819$3,342$2,917$2,541$2,208$1,612
14 years$3,510$3,038$2,621$2,255$1,935$1,373
15 years$3,242$2,775$2,367$2,011$1,704$1,174
16 years$3,008$2,546$2,146$1,801$1,506$1,006
17 years$2,802$2,345$1,952$1,618$1,335$865
18 years$2,619$2,167$1,782$1,458$1,187$746
19 years$2,455$2,008$1,632$1,318$1,058$644
20 years$2,308$1,866$1,497$1,193$945$557
21 years$2,175$1,738$1,377$1,083$846$483
22 years$2,054$1,623$1,269$985$758$418
23 years$1,944$1,518$1,172$897$681$363
24 years$1,843$1,422$1,084$818$612$316
25 years$1,751$1,334$1,004$747$551$275
26 years$1,665$1,254$931$683$496$239
27 years$1,586$1,180$865$625$447$208
28 years$1,513$1,112$804$573$403$181
29 years$1,445$1,049$748$525$364$158
30 years$1,382$991$697$482$329$138
31 years$1,323$937$650$443$298$120
32 years$1,268$886$606$407$269$105
33 years$1,216$839$566$374$244$91
34 years$1,167$795$529$344$221$80
35 years$1,122$755$494$317$200$70
36 years$1,078$716$462$292$181$61
37 years$1,038$680$433$269$164$53
38 years$999$646$405$248$149$46
39 years$963$615$380$229$135$41
40 years$928$585$356$211$122$35
41 years$896$557$334$194$111$31
42 years$864$530$313$179$101$27
43 years$835$505$294$166$91$24
44 years$807$482$276$153$83$21
45 years$780$459$259$141$75$18
46 years$754$438$243$131$68$16
47 years$730$418$228$121$62$14
48 years$707$399$215$111$56$12
49 years$684$381$202$103$51$11
50 years$663$364$190$95$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $679,000, adding $6,773 every year, while hoping to spend $41,089 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: 37/40/23 Blend
63$679,000$679,000$679,000$679,000
64$755,244$719,257$708,733$777,759
65$788,561$710,783$688,757$786,337
66$823,899$700,515$666,735$791,292
67$861,420$688,325$642,554$795,821
68$901,304$674,071$616,099$799,909
69$943,744$657,608$587,245$803,545
70$988,954$638,779$555,866$806,721
71$1,037,168$617,420$521,828$809,430
72$1,088,640$593,355$484,991$811,672
73$1,143,652$566,399$445,208$813,446
74$1,202,510$536,358$402,328$814,762
75$1,265,551$503,025$356,191$815,631
76$1,333,144$466,180$306,631$816,073
77$1,405,695$425,593$253,473$816,114
78$1,483,648$381,019$196,536$815,791
79$1,567,491$332,200$135,631$815,149
80$1,657,760$278,862$70,559$814,246
81$1,755,043$220,719$1,115$813,151
82$1,859,988$157,464$0$811,949
83$1,973,304$88,777$0$828,654
84$2,095,771$14,317$0$846,930
85$2,228,248$0$0$866,702
86$2,371,676$0$0$917,364
87$2,527,093$0$0$979,170
88$2,695,637$0$0$1,046,278
89$2,878,563$0$0$1,119,200
90$3,077,249$0$0$1,198,495
91$3,293,210$0$0$1,284,780
92$3,528,114$0$0$1,378,733
93$3,783,797$0$0$1,481,101
94$4,062,279$0$0$1,592,706
95$4,365,780$0$0$1,714,450
96$4,696,746$0$0$1,847,330
97$5,057,869$0$0$1,992,441
98$5,452,112$0$0$2,150,989
99$5,882,734$0$0$2,324,302
100$6,353,328$0$0$2,513,840