Can I retire at age 64 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$56,649$56,145$55,652$55,172$54,703$54,449
2 years$28,044$27,522$27,016$26,525$26,049$25,793
3 years$18,510$17,986$17,481$16,995$16,526$16,276
4 years$13,744$13,222$12,722$12,244$11,787$11,544
5 years$10,886$10,366$9,873$9,404$8,960$8,726
6 years$8,980$8,464$7,978$7,521$7,090$6,864
7 years$7,620$7,108$6,630$6,183$5,766$5,548
8 years$6,600$6,093$5,623$5,187$4,783$4,575
9 years$5,807$5,305$4,843$4,418$4,028$3,828
10 years$5,174$4,676$4,222$3,808$3,432$3,240
11 years$4,655$4,163$3,717$3,315$2,952$2,768
12 years$4,224$3,737$3,299$2,907$2,558$2,383
13 years$3,859$3,377$2,947$2,567$2,231$2,063
14 years$3,546$3,069$2,648$2,278$1,955$1,796
15 years$3,276$2,804$2,391$2,032$1,722$1,570
16 years$3,039$2,573$2,168$1,819$1,522$1,377
17 years$2,831$2,369$1,973$1,635$1,349$1,212
18 years$2,646$2,189$1,801$1,473$1,200$1,070
19 years$2,480$2,029$1,648$1,331$1,069$946
20 years$2,331$1,885$1,513$1,206$955$838
21 years$2,197$1,756$1,392$1,094$855$744
22 years$2,075$1,639$1,283$995$766$662
23 years$1,964$1,533$1,184$906$688$589
24 years$1,862$1,437$1,095$826$618$525
25 years$1,769$1,348$1,014$755$556$469
26 years$1,682$1,267$941$690$501$419
27 years$1,603$1,192$874$632$452$374
28 years$1,529$1,124$812$579$408$335
29 years$1,460$1,060$756$531$368$300
30 years$1,396$1,001$704$487$333$268
31 years$1,337$946$656$447$301$241
32 years$1,281$895$612$411$272$216
33 years$1,229$848$572$378$246$193
34 years$1,179$804$534$348$223$174
35 years$1,133$762$499$320$202$156
36 years$1,090$724$467$295$183$140
37 years$1,048$687$437$272$166$126
38 years$1,010$653$409$250$150$113
39 years$973$621$384$231$136$101
40 years$938$591$360$213$124$91
41 years$905$562$337$196$112$82
42 years$873$536$316$181$102$74
43 years$844$510$297$167$92$66
44 years$815$486$279$155$84$59
45 years$788$464$262$143$76$53
46 years$762$443$246$132$69$48
47 years$737$422$231$122$63$43
48 years$714$403$217$113$57$39
49 years$691$385$204$104$52$35
50 years$670$368$192$96$47$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $686,000, adding $5,814 every year, while hoping to spend $46,617 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: 35/50/15 Blend
63$686,000$686,000$686,000$686,000
64$761,969$725,611$714,978$784,923
65$790,090$711,566$689,330$788,053
66$819,517$695,270$661,260$786,606
67$850,333$676,564$630,638$784,038
68$882,630$655,279$597,328$780,276
69$916,507$631,237$561,187$775,241
70$952,071$604,247$522,067$768,853
71$989,438$574,111$479,811$761,027
72$1,028,734$540,616$434,258$751,676
73$1,070,097$503,538$385,238$740,710
74$1,113,677$462,642$332,574$728,035
75$1,159,637$417,675$276,079$713,553
76$1,208,153$368,375$215,562$697,166
77$1,259,421$314,462$150,820$678,769
78$1,313,652$255,640$81,642$658,257
79$1,371,075$191,598$7,808$635,521
80$1,431,944$122,005$0$610,451
81$1,496,534$46,515$0$594,294
82$1,565,146$0$0$577,647
83$1,638,108$0$0$578,570
84$1,715,783$0$0$606,851
85$1,798,564$0$0$637,050
86$1,886,883$0$0$669,330
87$1,981,214$0$0$703,873
88$2,082,076$0$0$740,876
89$2,190,037$0$0$780,558
90$2,305,722$0$0$823,157
91$2,429,813$0$0$868,935
92$2,563,063$0$0$918,180
93$2,706,294$0$0$971,207
94$2,860,412$0$0$1,028,363
95$3,026,409$0$0$1,090,029
96$3,205,376$0$0$1,156,623
97$3,398,512$0$0$1,228,605
98$3,607,132$0$0$1,306,480
99$3,832,683$0$0$1,390,804
100$4,076,756$0$0$1,482,188