Can I retire at age 64 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,484$55,981$55,490$55,011$54,543$53,246
2 years$27,962$27,442$26,937$26,448$25,973$24,674
3 years$18,456$17,933$17,430$16,945$16,478$15,218
4 years$13,704$13,183$12,685$12,208$11,752$10,540
5 years$10,854$10,336$9,844$9,377$8,934$7,773
6 years$8,954$8,440$7,955$7,499$7,069$5,961
7 years$7,598$7,088$6,611$6,165$5,749$4,694
8 years$6,581$6,075$5,606$5,172$4,769$3,767
9 years$5,790$5,290$4,829$4,405$4,017$3,066
10 years$5,158$4,663$4,210$3,797$3,422$2,522
11 years$4,642$4,151$3,706$3,305$2,943$2,092
12 years$4,211$3,726$3,289$2,899$2,551$1,747
13 years$3,848$3,367$2,939$2,559$2,224$1,467
14 years$3,536$3,060$2,640$2,272$1,950$1,238
15 years$3,266$2,796$2,384$2,026$1,717$1,048
16 years$3,030$2,565$2,161$1,814$1,517$890
17 years$2,823$2,362$1,967$1,630$1,345$757
18 years$2,638$2,183$1,795$1,469$1,196$646
19 years$2,473$2,023$1,644$1,327$1,066$552
20 years$2,325$1,880$1,508$1,202$952$473
21 years$2,191$1,751$1,388$1,091$852$405
22 years$2,069$1,635$1,279$992$764$347
23 years$1,958$1,529$1,181$903$686$298
24 years$1,857$1,432$1,092$824$616$256
25 years$1,763$1,344$1,011$752$555$221
26 years$1,678$1,263$938$688$500$190
27 years$1,598$1,189$871$630$450$163
28 years$1,524$1,120$810$577$406$141
29 years$1,456$1,057$754$529$367$121
30 years$1,392$998$702$486$332$104
31 years$1,333$944$654$446$300$90
32 years$1,277$893$611$410$271$78
33 years$1,225$846$570$377$245$67
34 years$1,176$801$533$347$222$58
35 years$1,130$760$498$319$201$50
36 years$1,086$721$466$294$182$43
37 years$1,045$685$436$271$165$37
38 years$1,007$651$408$250$150$32
39 years$970$619$383$230$136$28
40 years$935$589$359$212$123$24
41 years$902$561$336$196$112$21
42 years$871$534$315$181$101$18
43 years$841$509$296$167$92$15
44 years$813$485$278$154$84$13
45 years$786$463$261$142$76$11
46 years$760$441$245$131$69$10
47 years$735$421$230$121$63$9
48 years$712$402$216$112$57$7
49 years$689$384$203$104$52$6
50 years$668$367$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $684,000, adding $3,894 every year, while hoping to spend $35,203 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: 75/12/13 Blend
63$684,000$684,000$684,000$684,000
64$757,785$721,533$710,931$812,304
65$797,623$719,432$697,291$846,731
66$840,345$716,049$682,015$879,664
67$886,208$711,282$665,010$914,791
68$935,493$705,027$646,180$952,317
69$988,510$697,171$625,424$992,470
70$1,045,600$687,594$602,637$1,035,503
71$1,107,135$676,169$577,709$1,081,694
72$1,173,525$662,764$550,525$1,131,349
73$1,245,221$647,236$520,964$1,184,807
74$1,322,718$629,435$488,901$1,242,441
75$1,406,560$609,202$454,204$1,304,663
76$1,497,345$586,369$416,735$1,371,928
77$1,595,730$560,758$376,352$1,444,738
78$1,702,439$532,179$332,905$1,523,646
79$1,818,267$500,435$286,236$1,609,265
80$1,944,088$465,314$236,182$1,702,267
81$2,080,863$426,593$182,573$1,803,399
82$2,229,652$384,036$125,230$1,913,479
83$2,391,618$337,396$63,967$2,033,416
84$2,568,043$286,408$0$2,164,208
85$2,760,336$230,795$0$2,307,154
86$2,970,050$170,263$0$2,472,758
87$3,198,891$104,502$0$2,653,509
88$3,448,740$33,184$0$2,850,921
89$3,721,665$0$0$3,066,658
90$4,019,945$0$0$3,308,374
91$4,346,088$0$0$3,577,487
92$4,702,855$0$0$3,871,896
93$5,093,286$0$0$4,194,115
94$5,520,730$0$0$4,546,909
95$5,988,872$0$0$4,933,325
96$6,501,774$0$0$5,356,719
97$7,063,905$0$0$5,820,786
98$7,680,191$0$0$6,329,594
99$8,356,055$0$0$6,887,626
100$9,097,470$0$0$7,499,818