Can I retire at age 64 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$56,402$55,899$55,409$54,931$54,463$53,761
2 years$27,922$27,402$26,898$26,409$25,935$25,228
3 years$18,429$17,907$17,404$16,920$16,454$15,765
4 years$13,684$13,164$12,666$12,190$11,735$11,069
5 years$10,838$10,320$9,829$9,363$8,921$8,280
6 years$8,941$8,427$7,944$7,488$7,059$6,443
7 years$7,587$7,077$6,601$6,156$5,741$5,151
8 years$6,571$6,067$5,598$5,164$4,762$4,199
9 years$5,782$5,282$4,822$4,399$4,011$3,473
10 years$5,151$4,656$4,204$3,792$3,417$2,905
11 years$4,635$4,145$3,701$3,300$2,939$2,451
12 years$4,205$3,720$3,284$2,895$2,547$2,083
13 years$3,842$3,362$2,934$2,555$2,221$1,781
14 years$3,531$3,056$2,637$2,268$1,947$1,530
15 years$3,261$2,792$2,381$2,023$1,714$1,319
16 years$3,026$2,561$2,158$1,811$1,515$1,142
17 years$2,818$2,359$1,964$1,628$1,343$991
18 years$2,634$2,180$1,793$1,467$1,194$862
19 years$2,469$2,020$1,641$1,325$1,065$752
20 years$2,321$1,877$1,506$1,200$951$656
21 years$2,188$1,749$1,385$1,089$851$574
22 years$2,066$1,632$1,277$991$763$503
23 years$1,955$1,527$1,179$902$685$441
24 years$1,854$1,430$1,090$823$615$387
25 years$1,761$1,342$1,010$751$554$340
26 years$1,675$1,261$937$687$499$299
27 years$1,596$1,187$870$629$450$263
28 years$1,522$1,119$809$576$406$232
29 years$1,454$1,055$752$528$366$204
30 years$1,390$997$701$485$331$180
31 years$1,331$942$653$445$299$159
32 years$1,275$892$610$409$271$140
33 years$1,223$844$569$376$245$123
34 years$1,174$800$532$346$222$109
35 years$1,128$759$497$319$201$96
36 years$1,085$720$465$294$182$85
37 years$1,044$684$435$271$165$75
38 years$1,005$650$408$249$150$66
39 years$968$618$382$230$136$58
40 years$934$588$358$212$123$52
41 years$901$560$336$196$112$46
42 years$870$533$315$181$101$40
43 years$840$508$296$167$92$36
44 years$812$484$277$154$83$31
45 years$785$462$260$142$76$28
46 years$759$441$245$131$69$25
47 years$734$420$230$121$62$22
48 years$711$401$216$112$57$19
49 years$688$383$203$104$52$17
50 years$667$366$191$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $683,000, adding $3,892 every year, while hoping to spend $20,132 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: 26/50/24 Blend
63$683,000$683,000$683,000$683,000
64$756,681$720,482$709,895$770,542
65$812,442$734,365$712,256$795,888
66$873,216$748,254$714,022$821,064
67$939,493$762,127$715,151$847,651
68$1,011,812$775,962$715,599$875,782
69$1,090,767$789,735$715,322$905,603
70$1,177,012$803,419$714,272$937,276
71$1,271,266$816,985$712,399$970,979
72$1,374,322$830,403$709,650$1,006,911
73$1,487,050$843,641$705,971$1,045,290
74$1,610,412$856,662$701,304$1,086,358
75$1,745,465$869,430$695,589$1,130,385
76$1,893,373$881,902$688,762$1,177,667
77$2,055,419$894,037$680,757$1,228,532
78$2,233,015$905,788$671,506$1,283,343
79$2,427,715$917,105$660,934$1,342,501
80$2,641,234$927,934$648,967$1,406,452
81$2,875,456$938,220$635,524$1,475,685
82$3,132,462$947,901$620,523$1,550,745
83$3,414,538$956,914$603,876$1,632,231
84$3,724,207$965,189$585,492$1,720,808
85$4,064,247$972,654$565,276$1,817,208
86$4,437,715$979,229$543,128$1,922,244
87$4,847,983$984,832$518,944$2,036,811
88$5,298,764$989,376$492,615$2,161,899
89$5,794,147$992,764$464,027$2,298,604
90$6,338,639$994,899$433,061$2,448,135
91$6,937,204$995,672$399,592$2,611,826
92$7,595,312$994,973$363,491$2,791,155
93$8,318,987$992,680$324,622$2,987,751
94$9,114,870$988,668$282,843$3,203,415
95$9,990,273$982,799$238,005$3,440,134
96$10,953,258$974,933$189,955$3,700,105
97$12,012,701$964,916$138,530$3,985,752
98$13,178,388$952,588$83,562$4,299,752
99$14,461,097$937,779$24,874$4,645,060
100$15,872,706$920,307$0$5,024,939