Can I retire at age 64 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$56,567$56,063$55,571$55,091$54,623$52,896
2 years$28,003$27,482$26,976$26,486$26,011$24,286
3 years$18,483$17,960$17,455$16,970$16,502$14,835
4 years$13,724$13,202$12,703$12,226$11,770$10,171
5 years$10,870$10,351$9,858$9,391$8,947$7,423
6 years$8,967$8,452$7,967$7,510$7,080$5,630
7 years$7,609$7,098$6,620$6,174$5,758$4,384
8 years$6,591$6,084$5,615$5,179$4,776$3,477
9 years$5,799$5,298$4,836$4,412$4,022$2,795
10 years$5,166$4,670$4,216$3,803$3,427$2,271
11 years$4,649$4,157$3,712$3,310$2,948$1,860
12 years$4,218$3,731$3,294$2,903$2,554$1,533
13 years$3,853$3,372$2,943$2,563$2,227$1,270
14 years$3,541$3,065$2,644$2,275$1,953$1,057
15 years$3,271$2,800$2,387$2,029$1,719$882
16 years$3,035$2,569$2,165$1,817$1,519$738
17 years$2,827$2,366$1,970$1,632$1,347$620
18 years$2,642$2,186$1,798$1,471$1,198$521
19 years$2,477$2,026$1,646$1,329$1,068$438
20 years$2,328$1,883$1,511$1,204$954$370
21 years$2,194$1,754$1,390$1,093$853$312
22 years$2,072$1,637$1,281$993$765$263
23 years$1,961$1,531$1,182$905$687$223
24 years$1,859$1,434$1,094$825$617$188
25 years$1,766$1,346$1,013$754$555$159
26 years$1,680$1,265$939$689$500$135
27 years$1,600$1,191$872$631$451$114
28 years$1,527$1,122$811$578$407$97
29 years$1,458$1,058$755$530$368$82
30 years$1,394$1,000$703$486$332$70
31 years$1,335$945$655$447$300$59
32 years$1,279$894$611$410$272$50
33 years$1,227$847$571$377$246$42
34 years$1,178$803$533$347$223$36
35 years$1,131$761$499$320$202$31
36 years$1,088$722$467$294$183$26
37 years$1,047$686$437$271$166$22
38 years$1,008$652$409$250$150$19
39 years$971$620$383$231$136$16
40 years$937$590$359$213$123$13
41 years$903$562$337$196$112$11
42 years$872$535$316$181$102$10
43 years$842$510$296$167$92$8
44 years$814$486$278$154$84$7
45 years$787$463$261$143$76$6
46 years$761$442$245$132$69$5
47 years$736$422$230$122$63$4
48 years$713$403$217$112$57$4
49 years$690$384$204$104$52$3
50 years$669$367$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $685,000, adding $3,140 every year, while hoping to spend $47,795 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: 53/32/15 Blend
63$685,000$685,000$685,000$685,000
64$758,109$721,804$711,186$795,086
65$784,583$706,319$684,158$805,204
66$812,155$688,473$654,622$810,858
67$840,887$668,100$622,444$815,936
68$870,845$645,025$587,483$820,395
69$902,101$619,061$549,594$824,192
70$934,731$590,012$508,622$827,283
71$968,820$557,668$464,406$829,621
72$1,004,456$521,810$416,780$831,159
73$1,041,736$482,204$365,568$831,848
74$1,080,766$438,605$310,587$831,638
75$1,121,659$390,752$251,647$830,480
76$1,164,540$338,370$188,549$828,323
77$1,209,541$281,168$121,083$825,114
78$1,256,807$218,839$49,033$820,802
79$1,306,498$151,058$0$815,336
80$1,358,784$77,484$0$813,122
81$1,413,853$0$0$818,317
82$1,471,907$0$0$823,845
83$1,533,169$0$0$858,497
84$1,597,881$0$0$895,128
85$1,666,305$0$0$933,891
86$1,738,730$0$0$974,953
87$1,815,470$0$0$1,018,495
88$1,896,868$0$0$1,064,718
89$1,983,299$0$0$1,113,840
90$2,075,175$0$0$1,166,098
91$2,172,943$0$0$1,221,754
92$2,277,096$0$0$1,281,093
93$2,388,172$0$0$1,344,429
94$2,506,760$0$0$1,412,104
95$2,633,507$0$0$1,484,493
96$2,769,120$0$0$1,562,010
97$2,914,376$0$0$1,645,106
98$3,070,126$0$0$1,734,276
99$3,237,305$0$0$1,830,064
100$3,416,938$0$0$1,933,068