Can I retire at age 64 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$56,814$56,308$55,815$55,333$54,862$53,492
2 years$28,126$27,602$27,094$26,602$26,125$24,754
3 years$18,564$18,038$17,532$17,044$16,575$15,245
4 years$13,785$13,260$12,759$12,279$11,821$10,543
5 years$10,917$10,396$9,901$9,432$8,986$7,763
6 years$9,007$8,489$8,002$7,543$7,111$5,943
7 years$7,642$7,129$6,649$6,201$5,783$4,672
8 years$6,619$6,111$5,639$5,202$4,797$3,743
9 years$5,824$5,321$4,857$4,431$4,040$3,040
10 years$5,189$4,690$4,235$3,820$3,442$2,497
11 years$4,669$4,175$3,728$3,324$2,961$2,067
12 years$4,236$3,747$3,309$2,916$2,566$1,723
13 years$3,870$3,387$2,956$2,574$2,237$1,444
14 years$3,557$3,078$2,656$2,285$1,961$1,216
15 years$3,285$2,812$2,398$2,038$1,727$1,027
16 years$3,048$2,580$2,174$1,825$1,526$870
17 years$2,839$2,376$1,978$1,639$1,353$739
18 years$2,653$2,196$1,806$1,477$1,203$629
19 years$2,487$2,035$1,653$1,335$1,072$536
20 years$2,338$1,891$1,517$1,209$958$458
21 years$2,204$1,761$1,396$1,097$857$392
22 years$2,081$1,644$1,286$998$768$335
23 years$1,970$1,538$1,188$909$690$287
24 years$1,868$1,441$1,098$829$620$246
25 years$1,774$1,352$1,017$757$558$211
26 years$1,687$1,271$944$692$502$181
27 years$1,607$1,196$876$633$453$156
28 years$1,533$1,127$814$580$409$134
29 years$1,465$1,063$758$532$369$115
30 years$1,400$1,004$706$488$334$99
31 years$1,341$949$658$449$302$85
32 years$1,285$898$614$412$273$73
33 years$1,232$850$573$379$247$63
34 years$1,183$806$536$349$223$54
35 years$1,136$765$501$321$202$47
36 years$1,093$726$469$296$183$40
37 years$1,051$689$439$272$166$35
38 years$1,012$655$411$251$151$30
39 years$976$623$385$232$137$26
40 years$941$593$361$214$124$22
41 years$907$564$338$197$112$19
42 years$876$537$317$182$102$16
43 years$846$512$298$168$93$14
44 years$817$488$279$155$84$12
45 years$790$465$262$143$76$10
46 years$764$444$246$132$69$9
47 years$740$424$232$122$63$8
48 years$716$404$218$113$57$7
49 years$693$386$204$104$52$6
50 years$672$369$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $688,000, adding $4,733 every year, while hoping to spend $36,820 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: 38/45/17 Blend
63$688,000$688,000$688,000$688,000
64$763,058$726,594$715,930$787,988
65$801,714$723,021$700,738$802,749
66$843,078$718,039$683,802$814,826
67$887,389$711,540$665,026$827,099
68$934,907$703,409$644,308$839,607
69$985,917$693,525$621,542$852,392
70$1,040,733$681,760$596,616$865,507
71$1,099,699$667,978$569,414$879,010
72$1,163,193$652,034$539,814$892,971
73$1,231,630$633,775$507,690$907,469
74$1,305,466$613,040$472,908$922,594
75$1,385,203$589,658$435,329$938,453
76$1,471,389$563,447$394,808$955,165
77$1,564,631$534,216$351,194$972,865
78$1,665,593$501,762$304,329$991,709
79$1,775,006$465,871$254,047$1,011,873
80$1,893,675$426,317$200,175$1,033,557
81$2,022,482$382,859$142,534$1,056,985
82$2,162,401$335,245$80,935$1,082,414
83$2,314,501$283,207$15,181$1,110,129
84$2,479,959$226,463$0$1,140,455
85$2,660,069$164,713$0$1,183,729
86$2,856,255$97,643$0$1,233,973
87$3,070,085$24,920$0$1,288,929
88$3,303,284$0$0$1,349,153
89$3,557,752$0$0$1,441,911
90$3,835,577$0$0$1,556,743
91$4,139,061$0$0$1,682,272
92$4,470,736$0$0$1,819,558
93$4,833,391$0$0$1,969,766
94$5,230,096$0$0$2,134,181
95$5,664,232$0$0$2,314,217
96$6,139,520$0$0$2,511,430
97$6,660,060$0$0$2,727,535
98$7,230,366$0$0$2,964,421
99$7,855,409$0$0$3,224,168
100$8,540,664$0$0$3,509,067