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%13.4%
1 years$56,567$56,063$55,571$55,091$54,623$53,851
2 years$28,003$27,482$26,976$26,486$26,011$25,235
3 years$18,483$17,960$17,455$16,970$16,502$15,746
4 years$13,724$13,202$12,703$12,226$11,770$11,039
5 years$10,870$10,351$9,858$9,391$8,947$8,244
6 years$8,967$8,452$7,967$7,510$7,080$6,405
7 years$7,609$7,098$6,620$6,174$5,758$5,112
8 years$6,591$6,084$5,615$5,179$4,776$4,160
9 years$5,799$5,298$4,836$4,412$4,022$3,434
10 years$5,166$4,670$4,216$3,803$3,427$2,867
11 years$4,649$4,157$3,712$3,310$2,948$2,415
12 years$4,218$3,731$3,294$2,903$2,554$2,049
13 years$3,853$3,372$2,943$2,563$2,227$1,748
14 years$3,541$3,065$2,644$2,275$1,953$1,499
15 years$3,271$2,800$2,387$2,029$1,719$1,290
16 years$3,035$2,569$2,165$1,817$1,519$1,114
17 years$2,827$2,366$1,970$1,632$1,347$965
18 years$2,642$2,186$1,798$1,471$1,198$837
19 years$2,477$2,026$1,646$1,329$1,068$728
20 years$2,328$1,883$1,511$1,204$954$635
21 years$2,194$1,754$1,390$1,093$853$554
22 years$2,072$1,637$1,281$993$765$484
23 years$1,961$1,531$1,182$905$687$424
24 years$1,859$1,434$1,094$825$617$371
25 years$1,766$1,346$1,013$754$555$325
26 years$1,680$1,265$939$689$500$285
27 years$1,600$1,191$872$631$451$250
28 years$1,527$1,122$811$578$407$220
29 years$1,458$1,058$755$530$368$193
30 years$1,394$1,000$703$486$332$170
31 years$1,335$945$655$447$300$149
32 years$1,279$894$611$410$272$131
33 years$1,227$847$571$377$246$116
34 years$1,178$803$533$347$223$102
35 years$1,131$761$499$320$202$90
36 years$1,088$722$467$294$183$79
37 years$1,047$686$437$271$166$69
38 years$1,008$652$409$250$150$61
39 years$971$620$383$231$136$54
40 years$937$590$359$213$123$47
41 years$903$562$337$196$112$42
42 years$872$535$316$181$102$37
43 years$842$510$296$167$92$33
44 years$814$486$278$154$84$29
45 years$787$463$261$143$76$25
46 years$761$442$245$132$69$22
47 years$736$422$230$122$63$20
48 years$713$403$217$112$57$17
49 years$690$384$204$104$52$15
50 years$669$367$191$96$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $685,000, adding $3,816 every year, while hoping to spend $51,571 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: 47/34/19 Blend
63$685,000$685,000$685,000$685,000
64$758,806$722,501$711,884$790,213
65$781,333$703,033$680,861$793,019
66$804,430$680,882$647,070$790,568
67$828,099$655,862$610,364$786,823
68$852,344$627,778$570,590$781,684
69$877,164$596,421$527,586$775,046
70$902,560$561,570$481,185$766,796
71$928,527$522,993$431,211$756,817
72$955,061$480,445$377,481$744,982
73$982,155$433,663$319,804$731,156
74$1,009,796$382,375$257,979$715,197
75$1,037,972$326,288$191,798$696,953
76$1,066,665$265,096$121,043$676,263
77$1,095,854$198,474$45,487$652,956
78$1,125,512$126,080$0$626,849
79$1,155,608$47,552$0$604,874
80$1,186,106$0$0$590,003
81$1,216,962$0$0$586,867
82$1,248,127$0$0$601,640
83$1,279,543$0$0$616,500
84$1,311,142$0$0$631,410
85$1,342,848$0$0$646,330
86$1,374,574$0$0$661,213
87$1,406,221$0$0$676,006
88$1,437,677$0$0$690,650
89$1,468,814$0$0$705,076
90$1,499,488$0$0$719,210
91$1,529,538$0$0$732,965
92$1,558,782$0$0$746,245
93$1,587,015$0$0$758,943
94$1,614,010$0$0$770,939
95$1,639,509$0$0$782,098
96$1,663,226$0$0$792,269
97$1,684,842$0$0$801,286
98$1,703,999$0$0$808,960
99$1,720,301$0$0$815,085
100$1,733,303$0$0$819,428