Can I retire at age 64 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$56,732$56,226$55,733$55,252$54,782$54,414
2 years$28,085$27,562$27,055$26,564$26,087$25,716
3 years$18,537$18,012$17,506$17,020$16,551$16,188
4 years$13,764$13,241$12,740$12,262$11,804$11,452
5 years$10,901$10,381$9,887$9,418$8,973$8,634
6 years$8,993$8,477$7,990$7,532$7,100$6,773
7 years$7,631$7,119$6,640$6,192$5,774$5,460
8 years$6,610$6,102$5,631$5,195$4,790$4,489
9 years$5,816$5,313$4,850$4,425$4,034$3,746
10 years$5,181$4,683$4,228$3,814$3,437$3,161
11 years$4,662$4,169$3,723$3,319$2,956$2,693
12 years$4,230$3,742$3,304$2,912$2,562$2,310
13 years$3,864$3,382$2,952$2,570$2,234$1,994
14 years$3,552$3,074$2,652$2,282$1,958$1,730
15 years$3,281$2,808$2,394$2,035$1,724$1,507
16 years$3,044$2,576$2,171$1,822$1,524$1,318
17 years$2,835$2,373$1,975$1,637$1,351$1,156
18 years$2,649$2,192$1,803$1,475$1,201$1,016
19 years$2,484$2,032$1,651$1,333$1,071$896
20 years$2,335$1,888$1,515$1,207$956$791
21 years$2,200$1,759$1,394$1,096$856$700
22 years$2,078$1,642$1,284$996$767$620
23 years$1,967$1,535$1,186$907$689$550
24 years$1,865$1,439$1,097$828$619$488
25 years$1,771$1,350$1,016$756$557$434
26 years$1,685$1,269$942$691$502$386
27 years$1,605$1,194$875$633$452$344
28 years$1,531$1,125$813$580$408$306
29 years$1,462$1,062$757$531$369$273
30 years$1,398$1,003$705$488$333$244
31 years$1,339$948$657$448$301$217
32 years$1,283$897$613$412$272$194
33 years$1,230$849$573$379$246$173
34 years$1,181$805$535$348$223$155
35 years$1,135$763$500$321$202$138
36 years$1,091$725$468$295$183$124
37 years$1,050$688$438$272$166$111
38 years$1,011$654$410$251$150$99
39 years$974$622$384$231$136$89
40 years$939$592$360$213$124$79
41 years$906$563$338$197$112$71
42 years$875$536$317$182$102$63
43 years$845$511$297$168$92$57
44 years$816$487$279$155$84$51
45 years$789$465$262$143$76$46
46 years$763$443$246$132$69$41
47 years$739$423$231$122$63$37
48 years$715$404$217$113$57$33
49 years$692$386$204$104$52$29
50 years$671$368$192$96$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $687,000, adding $6,113 every year, while hoping to spend $33,380 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: 71/12/17 Blend
63$687,000$687,000$687,000$687,000
64$763,380$726,969$716,320$814,118
65$805,728$727,074$704,801$848,755
66$851,278$726,066$691,777$882,073
67$900,319$723,854$677,162$917,695
68$953,173$720,344$660,868$955,843
69$1,010,189$715,434$642,800$996,765
70$1,071,755$709,016$622,861$1,040,731
71$1,138,294$700,978$600,946$1,088,040
72$1,210,272$691,199$576,951$1,139,023
73$1,288,203$679,550$550,761$1,194,047
74$1,372,648$665,897$522,260$1,253,513
75$1,464,228$650,095$491,326$1,317,867
76$1,563,623$631,994$457,829$1,387,600
77$1,671,583$611,432$421,637$1,463,255
78$1,788,932$588,240$382,609$1,545,431
79$1,916,576$562,237$340,600$1,634,789
80$2,055,513$533,232$295,456$1,732,058
81$2,206,840$501,025$247,018$1,838,045
82$2,371,765$465,402$195,120$1,953,637
83$2,551,616$426,139$139,588$2,079,816
84$2,747,858$382,996$80,241$2,217,666
85$2,962,099$335,722$16,888$2,368,380
86$3,196,112$284,052$0$2,533,279
87$3,451,849$227,704$0$2,723,016
88$3,731,458$166,382$0$2,933,865
89$4,037,304$99,772$0$3,164,571
90$4,371,991$27,542$0$3,417,128
91$4,738,387$0$0$3,693,738
92$5,139,649$0$0$4,003,511
93$5,579,256$0$0$4,346,906
94$6,061,036$0$0$4,723,280
95$6,589,208$0$0$5,135,934
96$7,168,417$0$0$5,588,502
97$7,803,779$0$0$6,084,985
98$8,500,930$0$0$6,629,793
99$9,266,077$0$0$7,227,782
100$10,106,057$0$0$7,884,301