Can I retire at age 64 with 682,000?

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 $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%18%
1 years$56,319$55,817$55,328$54,850$54,384$52,622
2 years$27,881$27,361$26,858$26,370$25,897$24,138
3 years$18,402$17,881$17,379$16,896$16,430$14,730
4 years$13,664$13,144$12,647$12,172$11,718$10,090
5 years$10,822$10,305$9,815$9,350$8,908$7,355
6 years$8,928$8,415$7,932$7,477$7,049$5,573
7 years$7,576$7,067$6,591$6,147$5,732$4,334
8 years$6,562$6,058$5,590$5,157$4,756$3,433
9 years$5,774$5,274$4,815$4,392$4,005$2,757
10 years$5,143$4,649$4,198$3,786$3,412$2,237
11 years$4,628$4,139$3,696$3,295$2,935$1,830
12 years$4,199$3,715$3,280$2,890$2,543$1,506
13 years$3,836$3,357$2,930$2,552$2,218$1,246
14 years$3,526$3,051$2,633$2,265$1,944$1,035
15 years$3,257$2,788$2,377$2,020$1,712$863
16 years$3,022$2,558$2,155$1,809$1,513$721
17 years$2,814$2,355$1,961$1,625$1,341$604
18 years$2,630$2,177$1,790$1,465$1,193$507
19 years$2,466$2,017$1,639$1,323$1,063$426
20 years$2,318$1,874$1,504$1,199$950$359
21 years$2,184$1,746$1,383$1,088$850$302
22 years$2,063$1,630$1,275$989$762$255
23 years$1,952$1,524$1,177$901$684$215
24 years$1,851$1,428$1,089$822$615$182
25 years$1,758$1,340$1,008$750$553$154
26 years$1,673$1,260$935$686$498$130
27 years$1,593$1,185$868$628$449$110
28 years$1,520$1,117$807$575$405$93
29 years$1,452$1,054$751$528$366$79
30 years$1,388$995$700$484$331$67
31 years$1,329$941$652$445$299$56
32 years$1,273$890$609$409$270$48
33 years$1,221$843$568$376$245$40
34 years$1,172$799$531$346$222$34
35 years$1,127$758$497$318$201$29
36 years$1,083$719$464$293$182$25
37 years$1,042$683$435$270$165$21
38 years$1,004$649$407$249$149$18
39 years$967$617$381$230$135$15
40 years$932$587$358$212$123$13
41 years$900$559$335$195$111$11
42 years$868$533$314$180$101$9
43 years$839$507$295$166$92$8
44 years$810$484$277$154$83$7
45 years$783$461$260$142$76$6
46 years$758$440$244$131$69$5
47 years$733$420$229$121$62$4
48 years$710$401$216$112$57$3
49 years$687$383$203$103$51$3
50 years$666$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $682,000, adding $4,510 every year, while hoping to spend $29,835 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: 23/47/30 Blend
63$682,000$682,000$682,000$682,000
64$756,216$720,070$709,499$766,404
65$801,606$723,609$701,523$779,238
66$850,626$726,322$692,280$790,191
67$903,614$728,136$681,696$801,292
68$960,943$728,975$669,693$812,575
69$1,023,022$728,758$656,191$824,079
70$1,090,301$727,398$641,104$835,847
71$1,163,275$724,804$624,345$847,934
72$1,242,488$720,878$605,819$860,400
73$1,328,539$715,518$585,430$873,316
74$1,422,085$708,613$563,077$886,764
75$1,523,850$700,048$538,653$900,837
76$1,634,633$689,700$512,048$915,642
77$1,755,308$677,439$483,144$931,301
78$1,886,842$663,125$451,822$947,953
79$2,030,295$646,614$417,954$965,756
80$2,186,838$627,751$381,407$984,889
81$2,357,755$606,370$342,044$1,005,554
82$2,544,463$582,300$299,720$1,027,980
83$2,748,522$555,356$254,284$1,052,425
84$2,971,647$525,344$205,579$1,079,179
85$3,215,728$492,059$153,439$1,108,569
86$3,482,846$455,284$97,693$1,140,963
87$3,775,292$414,789$38,161$1,176,772
88$4,095,590$370,331$0$1,216,458
89$4,446,517$321,654$0$1,268,659
90$4,831,134$268,487$0$1,339,398
91$5,252,810$210,544$0$1,417,157
92$5,715,258$147,522$0$1,502,730
93$6,222,566$79,101$0$1,596,993
94$6,779,235$4,946$0$1,700,921
95$7,390,227$0$0$1,815,596
96$8,061,005$0$0$1,981,161
97$8,797,587$0$0$2,165,902
98$9,606,603$0$0$2,368,941
99$10,495,355$0$0$2,592,127
100$11,471,890$0$0$2,837,497