Can I retire at age 64 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$56,319$55,817$55,328$54,850$54,384$53,329
2 years$27,881$27,361$26,858$26,370$25,897$24,839
3 years$18,402$17,881$17,379$16,896$16,430$15,401
4 years$13,664$13,144$12,647$12,172$11,718$10,727
5 years$10,822$10,305$9,815$9,350$8,908$7,957
6 years$8,928$8,415$7,932$7,477$7,049$6,138
7 years$7,576$7,067$6,591$6,147$5,732$4,864
8 years$6,562$6,058$5,590$5,157$4,756$3,928
9 years$5,774$5,274$4,815$4,392$4,005$3,218
10 years$5,143$4,649$4,198$3,786$3,412$2,665
11 years$4,628$4,139$3,696$3,295$2,935$2,227
12 years$4,199$3,715$3,280$2,890$2,543$1,873
13 years$3,836$3,357$2,930$2,552$2,218$1,585
14 years$3,526$3,051$2,633$2,265$1,944$1,347
15 years$3,257$2,788$2,377$2,020$1,712$1,149
16 years$3,022$2,558$2,155$1,809$1,513$983
17 years$2,814$2,355$1,961$1,625$1,341$844
18 years$2,630$2,177$1,790$1,465$1,193$725
19 years$2,466$2,017$1,639$1,323$1,063$625
20 years$2,318$1,874$1,504$1,199$950$539
21 years$2,184$1,746$1,383$1,088$850$466
22 years$2,063$1,630$1,275$989$762$403
23 years$1,952$1,524$1,177$901$684$349
24 years$1,851$1,428$1,089$822$615$303
25 years$1,758$1,340$1,008$750$553$263
26 years$1,673$1,260$935$686$498$228
27 years$1,593$1,185$868$628$449$198
28 years$1,520$1,117$807$575$405$172
29 years$1,452$1,054$751$528$366$150
30 years$1,388$995$700$484$331$130
31 years$1,329$941$652$445$299$113
32 years$1,273$890$609$409$270$99
33 years$1,221$843$568$376$245$86
34 years$1,172$799$531$346$222$75
35 years$1,127$758$497$318$201$65
36 years$1,083$719$464$293$182$57
37 years$1,042$683$435$270$165$49
38 years$1,004$649$407$249$149$43
39 years$967$617$381$230$135$37
40 years$932$587$358$212$123$33
41 years$900$559$335$195$111$28
42 years$868$533$314$180$101$25
43 years$839$507$295$166$92$22
44 years$810$484$277$154$83$19
45 years$783$461$260$142$76$16
46 years$758$440$244$131$69$14
47 years$733$420$229$121$62$12
48 years$710$401$216$112$57$11
49 years$687$383$203$103$51$9
50 years$666$366$191$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $682,000, adding $6,530 every year, while hoping to spend $48,401 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: 65/15/20 Blend
63$682,000$682,000$682,000$682,000
64$758,300$722,154$711,583$803,344
65$784,148$706,041$683,922$818,285
66$811,011$687,516$653,713$828,498
67$838,940$666,411$620,819$838,518
68$867,992$642,545$585,097$848,328
69$898,227$615,730$546,397$857,910
70$929,710$585,764$504,565$867,246
71$962,509$552,436$459,437$876,321
72$996,700$515,520$410,843$885,116
73$1,032,363$474,780$358,606$893,615
74$1,069,585$429,965$302,540$901,804
75$1,108,458$380,809$242,451$909,666
76$1,149,085$327,033$178,137$917,189
77$1,191,574$268,340$109,387$924,362
78$1,236,043$204,417$35,980$931,173
79$1,282,621$134,935$0$937,615
80$1,331,445$59,543$0$952,722
81$1,382,666$0$0$976,234
82$1,436,447$0$0$1,004,174
83$1,492,965$0$0$1,043,878
84$1,552,413$0$0$1,085,656
85$1,615,001$0$0$1,129,658
86$1,680,956$0$0$1,176,046
87$1,750,527$0$0$1,224,997
88$1,823,985$0$0$1,276,705
89$1,901,625$0$0$1,331,379
90$1,983,770$0$0$1,389,251
91$2,070,771$0$0$1,450,570
92$2,163,013$0$0$1,515,612
93$2,260,916$0$0$1,584,677
94$2,364,939$0$0$1,658,092
95$2,475,585$0$0$1,736,216
96$2,593,403$0$0$1,819,443
97$2,718,996$0$0$1,908,201
98$2,853,024$0$0$2,002,964
99$2,996,207$0$0$2,104,245
100$3,149,339$0$0$2,212,613