Can I retire at age 64 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$56,154$55,654$55,166$54,689$54,224$53,282
2 years$27,799$27,281$26,779$26,293$25,821$24,875
3 years$18,349$17,829$17,328$16,846$16,382$15,461
4 years$13,624$13,106$12,610$12,137$11,684$10,796
5 years$10,790$10,275$9,786$9,322$8,882$8,029
6 years$8,902$8,390$7,909$7,455$7,028$6,211
7 years$7,553$7,046$6,572$6,129$5,716$4,935
8 years$6,542$6,040$5,574$5,142$4,742$3,997
9 years$5,757$5,259$4,801$4,379$3,993$3,284
10 years$5,128$4,635$4,185$3,775$3,402$2,729
11 years$4,615$4,127$3,685$3,286$2,926$2,287
12 years$4,187$3,704$3,270$2,882$2,536$1,930
13 years$3,825$3,347$2,922$2,544$2,211$1,638
14 years$3,515$3,043$2,625$2,258$1,938$1,397
15 years$3,247$2,779$2,370$2,014$1,707$1,196
16 years$3,013$2,550$2,149$1,803$1,508$1,027
17 years$2,806$2,348$1,955$1,620$1,337$884
18 years$2,622$2,170$1,785$1,460$1,189$763
19 years$2,459$2,011$1,634$1,320$1,060$660
20 years$2,311$1,869$1,500$1,195$947$572
21 years$2,178$1,741$1,379$1,085$847$496
22 years$2,057$1,625$1,271$986$759$431
23 years$1,947$1,520$1,174$898$682$375
24 years$1,846$1,424$1,086$819$613$326
25 years$1,753$1,336$1,005$748$551$284
26 years$1,668$1,256$933$684$497$247
27 years$1,589$1,182$866$626$448$216
28 years$1,516$1,114$805$574$404$188
29 years$1,448$1,051$749$526$365$164
30 years$1,384$992$698$483$330$144
31 years$1,325$938$651$443$298$125
32 years$1,270$888$607$407$270$110
33 years$1,218$841$567$375$244$96
34 years$1,169$797$530$345$221$84
35 years$1,123$756$495$317$200$73
36 years$1,080$717$463$292$181$64
37 years$1,039$681$433$269$164$56
38 years$1,001$647$406$248$149$49
39 years$964$616$380$229$135$43
40 years$930$586$356$211$123$38
41 years$897$558$334$195$111$33
42 years$866$531$314$180$101$29
43 years$836$506$294$166$92$25
44 years$808$482$276$153$83$22
45 years$781$460$259$141$75$19
46 years$755$439$244$131$68$17
47 years$731$419$229$121$62$15
48 years$708$400$215$112$56$13
49 years$685$382$202$103$51$11
50 years$664$365$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $680,000, adding $6,239 every year, while hoping to spend $31,822 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: 76/5/19 Blend
63$680,000$680,000$680,000$680,000
64$755,796$719,756$709,216$809,455
65$799,028$721,165$699,116$847,232
66$845,604$721,577$687,611$884,095
67$895,831$720,910$674,621$923,670
68$950,046$719,074$660,061$966,219
69$1,008,620$715,979$643,843$1,012,030
70$1,071,962$711,524$625,874$1,061,422
71$1,140,519$705,605$606,058$1,114,746
72$1,214,784$698,112$584,293$1,172,388
73$1,295,298$688,927$560,473$1,234,776
74$1,382,659$677,924$534,489$1,302,381
75$1,477,520$664,973$506,225$1,375,722
76$1,580,603$649,932$475,559$1,455,371
77$1,692,700$632,654$442,366$1,541,960
78$1,814,684$612,983$406,514$1,636,185
79$1,947,514$590,751$367,864$1,738,815
80$2,092,246$565,783$326,273$1,850,697
81$2,250,043$537,894$281,591$1,972,764
82$2,422,182$506,886$233,659$2,106,048
83$2,610,074$472,552$182,316$2,251,683
84$2,815,266$434,672$127,388$2,410,924
85$3,039,465$393,013$68,697$2,585,151
86$3,284,549$347,330$6,058$2,775,889
87$3,552,587$297,362$0$2,984,818
88$3,845,854$242,836$0$3,226,113
89$4,166,857$183,462$0$3,491,607
90$4,518,358$118,933$0$3,782,364
91$4,903,396$48,926$0$4,100,915
92$5,325,320$0$0$4,450,044
93$5,787,815$0$0$4,834,301
94$6,294,943$0$0$5,258,618
95$6,851,177$0$0$5,724,049
96$7,461,442$0$0$6,234,719
97$8,131,165$0$0$6,795,172
98$8,866,322$0$0$7,410,413
99$9,673,498$0$0$8,085,956
100$10,559,943$0$0$8,827,875