Can I retire at age 64 with 687,000?

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 $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%11.3%
1 years$56,732$56,226$55,733$55,252$54,782$54,483
2 years$28,085$27,562$27,055$26,564$26,087$25,785
3 years$18,537$18,012$17,506$17,020$16,551$16,255
4 years$13,764$13,241$12,740$12,262$11,804$11,517
5 years$10,901$10,381$9,887$9,418$8,973$8,696
6 years$8,993$8,477$7,990$7,532$7,100$6,833
7 years$7,631$7,119$6,640$6,192$5,774$5,518
8 years$6,610$6,102$5,631$5,195$4,790$4,544
9 years$5,816$5,313$4,850$4,425$4,034$3,798
10 years$5,181$4,683$4,228$3,814$3,437$3,211
11 years$4,662$4,169$3,723$3,319$2,956$2,740
12 years$4,230$3,742$3,304$2,912$2,562$2,356
13 years$3,864$3,382$2,952$2,570$2,234$2,037
14 years$3,552$3,074$2,652$2,282$1,958$1,771
15 years$3,281$2,808$2,394$2,035$1,724$1,546
16 years$3,044$2,576$2,171$1,822$1,524$1,354
17 years$2,835$2,373$1,975$1,637$1,351$1,190
18 years$2,649$2,192$1,803$1,475$1,201$1,049
19 years$2,484$2,032$1,651$1,333$1,071$926
20 years$2,335$1,888$1,515$1,207$956$820
21 years$2,200$1,759$1,394$1,096$856$727
22 years$2,078$1,642$1,284$996$767$645
23 years$1,967$1,535$1,186$907$689$574
24 years$1,865$1,439$1,097$828$619$511
25 years$1,771$1,350$1,016$756$557$455
26 years$1,685$1,269$942$691$502$406
27 years$1,605$1,194$875$633$452$362
28 years$1,531$1,125$813$580$408$323
29 years$1,462$1,062$757$531$369$289
30 years$1,398$1,003$705$488$333$258
31 years$1,339$948$657$448$301$231
32 years$1,283$897$613$412$272$207
33 years$1,230$849$573$379$246$185
34 years$1,181$805$535$348$223$166
35 years$1,135$763$500$321$202$149
36 years$1,091$725$468$295$183$133
37 years$1,050$688$438$272$166$119
38 years$1,011$654$410$251$150$107
39 years$974$622$384$231$136$96
40 years$939$592$360$213$124$86
41 years$906$563$338$197$112$77
42 years$875$536$317$182$102$69
43 years$845$511$297$168$92$62
44 years$816$487$279$155$84$56
45 years$789$465$262$143$76$50
46 years$763$443$246$132$69$45
47 years$739$423$231$122$63$40
48 years$715$404$217$113$57$36
49 years$692$386$204$104$52$33
50 years$671$368$192$96$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $687,000, adding $2,911 every year, while hoping to spend $52,572 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: 34/44/22 Blend
63$687,000$687,000$687,000$687,000
64$760,077$723,666$713,017$780,728
65$781,668$703,189$680,967$775,829
66$803,700$679,947$646,081$765,537
67$826,162$653,749$608,209$753,365
68$849,040$624,392$567,194$739,181
69$872,318$591,663$522,871$722,841
70$895,976$555,336$475,068$704,196
71$919,989$515,171$423,606$683,085
72$944,329$470,915$368,298$659,337
73$968,962$422,302$308,948$632,774
74$993,850$369,049$245,352$603,203
75$1,018,947$310,856$177,295$570,421
76$1,044,201$247,410$104,557$534,214
77$1,069,553$178,377$26,903$494,351
78$1,094,935$103,404$0$450,590
79$1,120,268$22,121$0$415,812
80$1,145,465$0$0$384,196
81$1,170,427$0$0$381,084
82$1,195,041$0$0$388,497
83$1,219,180$0$0$395,674
84$1,242,702$0$0$402,562
85$1,265,447$0$0$409,098
86$1,287,236$0$0$415,213
87$1,307,868$0$0$420,830
88$1,327,118$0$0$425,863
89$1,344,735$0$0$430,215
90$1,360,441$0$0$433,780
91$1,373,923$0$0$436,439
92$1,384,833$0$0$438,059
93$1,392,786$0$0$438,494
94$1,397,350$0$0$437,578
95$1,398,050$0$0$435,132
96$1,394,352$0$0$430,953
97$1,385,670$0$0$424,818
98$1,371,348$0$0$416,479
99$1,350,662$0$0$405,662
100$1,322,808$0$0$392,063