Can I retire at age 64 with 686,000?

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 $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%12.7%
1 years$56,649$56,145$55,652$55,172$54,703$54,086
2 years$28,044$27,522$27,016$26,525$26,049$25,428
3 years$18,510$17,986$17,481$16,995$16,526$15,921
4 years$13,744$13,222$12,722$12,244$11,787$11,201
5 years$10,886$10,366$9,873$9,404$8,960$8,396
6 years$8,980$8,464$7,978$7,521$7,090$6,548
7 years$7,620$7,108$6,630$6,183$5,766$5,247
8 years$6,600$6,093$5,623$5,187$4,783$4,286
9 years$5,807$5,305$4,843$4,418$4,028$3,553
10 years$5,174$4,676$4,222$3,808$3,432$2,979
11 years$4,655$4,163$3,717$3,315$2,952$2,520
12 years$4,224$3,737$3,299$2,907$2,558$2,148
13 years$3,859$3,377$2,947$2,567$2,231$1,841
14 years$3,546$3,069$2,648$2,278$1,955$1,585
15 years$3,276$2,804$2,391$2,032$1,722$1,371
16 years$3,039$2,573$2,168$1,819$1,522$1,190
17 years$2,831$2,369$1,973$1,635$1,349$1,036
18 years$2,646$2,189$1,801$1,473$1,200$904
19 years$2,480$2,029$1,648$1,331$1,069$790
20 years$2,331$1,885$1,513$1,206$955$692
21 years$2,197$1,756$1,392$1,094$855$607
22 years$2,075$1,639$1,283$995$766$533
23 years$1,964$1,533$1,184$906$688$469
24 years$1,862$1,437$1,095$826$618$413
25 years$1,769$1,348$1,014$755$556$364
26 years$1,682$1,267$941$690$501$321
27 years$1,603$1,192$874$632$452$283
28 years$1,529$1,124$812$579$408$250
29 years$1,460$1,060$756$531$368$221
30 years$1,396$1,001$704$487$333$196
31 years$1,337$946$656$447$301$173
32 years$1,281$895$612$411$272$153
33 years$1,229$848$572$378$246$135
34 years$1,179$804$534$348$223$120
35 years$1,133$762$499$320$202$106
36 years$1,090$724$467$295$183$94
37 years$1,048$687$437$272$166$83
38 years$1,010$653$409$250$150$74
39 years$973$621$384$231$136$65
40 years$938$591$360$213$124$58
41 years$905$562$337$196$112$51
42 years$873$536$316$181$102$46
43 years$844$510$297$167$92$40
44 years$815$486$279$155$84$36
45 years$788$464$262$143$76$32
46 years$762$443$246$132$69$28
47 years$737$422$231$122$63$25
48 years$714$403$217$113$57$22
49 years$691$385$204$104$52$20
50 years$670$368$192$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $686,000, adding $5,738 every year, while hoping to spend $22,576 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: 34/43/23 Blend
63$686,000$686,000$686,000$686,000
64$761,891$725,533$714,900$782,291
65$815,583$737,063$714,828$809,492
66$873,995$748,402$713,998$836,343
67$937,585$759,516$712,359$864,842
68$1,006,855$770,369$709,860$895,149
69$1,082,361$780,924$706,447$927,442
70$1,164,712$791,139$702,063$961,917
71$1,254,579$800,972$696,648$998,793
72$1,352,702$810,374$690,141$1,038,310
73$1,459,892$819,298$682,476$1,080,734
74$1,577,046$827,688$673,584$1,126,363
75$1,705,150$835,490$663,394$1,175,521
76$1,845,289$842,642$651,831$1,228,571
77$1,998,657$849,081$638,816$1,285,913
78$2,166,571$854,737$624,268$1,347,990
79$2,350,480$859,538$608,100$1,415,291
80$2,551,980$863,406$590,222$1,488,358
81$2,772,828$866,258$570,540$1,567,790
82$3,014,959$868,008$548,956$1,654,249
83$3,280,506$868,562$525,367$1,748,468
84$3,571,816$867,820$499,665$1,851,256
85$3,891,476$865,678$471,739$1,963,508
86$4,242,335$862,024$441,470$2,086,214
87$4,627,529$856,739$408,736$2,220,466
88$5,050,517$849,699$373,408$2,367,473
89$5,515,105$840,770$335,352$2,528,569
90$6,025,488$829,810$294,429$2,705,229
91$6,586,287$816,670$250,492$2,899,083
92$7,202,593$801,192$203,389$3,111,929
93$7,880,015$783,207$152,959$3,345,757
94$8,624,730$762,538$99,037$3,602,760
95$9,443,546$738,996$41,448$3,885,364
96$10,343,963$712,382$0$4,196,245
97$11,334,243$682,485$0$4,543,270
98$12,423,491$649,081$0$4,935,967
99$13,621,736$611,935$0$5,367,803
100$14,940,030$570,797$0$5,842,807