Can I retire at age 64 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$56,897$56,390$55,896$55,413$54,942$53,614
2 years$28,167$27,642$27,134$26,641$26,163$24,833
3 years$18,591$18,065$17,557$17,069$16,599$15,308
4 years$13,805$13,279$12,777$12,297$11,838$10,597
5 years$10,933$10,411$9,916$9,446$8,999$7,811
6 years$9,020$8,501$8,013$7,554$7,121$5,987
7 years$7,653$7,140$6,659$6,210$5,791$4,712
8 years$6,629$6,120$5,647$5,210$4,804$3,779
9 years$5,833$5,328$4,864$4,437$4,046$3,074
10 years$5,196$4,697$4,241$3,825$3,447$2,527
11 years$4,676$4,181$3,733$3,329$2,965$2,095
12 years$4,242$3,753$3,313$2,920$2,569$1,749
13 years$3,876$3,392$2,960$2,578$2,240$1,467
14 years$3,562$3,083$2,660$2,288$1,964$1,237
15 years$3,290$2,816$2,401$2,041$1,729$1,046
16 years$3,053$2,584$2,177$1,827$1,528$888
17 years$2,843$2,380$1,981$1,642$1,355$755
18 years$2,657$2,199$1,809$1,480$1,205$644
19 years$2,491$2,038$1,656$1,337$1,074$550
20 years$2,342$1,894$1,519$1,211$959$470
21 years$2,207$1,764$1,398$1,099$858$403
22 years$2,084$1,647$1,288$999$769$345
23 years$1,973$1,540$1,189$910$691$296
24 years$1,870$1,443$1,100$830$621$254
25 years$1,776$1,354$1,019$758$559$219
26 years$1,690$1,273$945$693$503$188
27 years$1,610$1,198$877$634$454$162
28 years$1,536$1,129$816$581$409$139
29 years$1,467$1,065$759$533$370$120
30 years$1,403$1,005$707$489$334$103
31 years$1,343$950$659$449$302$89
32 years$1,286$899$615$413$273$77
33 years$1,234$852$574$380$247$66
34 years$1,185$807$537$349$224$57
35 years$1,138$766$502$322$203$49
36 years$1,094$727$469$296$184$42
37 years$1,053$690$439$273$166$36
38 years$1,014$656$411$252$151$31
39 years$977$624$385$232$137$27
40 years$942$593$361$214$124$23
41 years$909$565$339$197$113$20
42 years$877$538$318$182$102$17
43 years$847$513$298$168$93$15
44 years$819$489$280$155$84$13
45 years$791$466$263$143$76$11
46 years$765$444$247$132$69$10
47 years$741$424$232$122$63$8
48 years$717$405$218$113$57$7
49 years$694$387$205$104$52$6
50 years$673$369$193$97$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $689,000, adding $3,819 every year, while hoping to spend $40,270 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: 50/43/7 Blend
63$689,000$689,000$689,000$689,000
64$763,217$726,700$716,021$799,833
65$798,218$719,462$697,161$817,970
66$835,440$710,519$676,319$833,038
67$875,066$699,745$653,387$848,457
68$917,298$687,008$628,250$864,270
69$962,356$672,165$600,790$880,526
70$1,010,482$655,067$570,883$897,281
71$1,061,942$635,555$538,397$914,601
72$1,117,024$613,461$503,197$932,559
73$1,176,047$588,608$465,142$951,242
74$1,239,361$560,807$424,081$970,747
75$1,307,349$529,860$379,861$991,182
76$1,380,432$495,556$332,319$1,012,675
77$1,459,070$457,672$281,286$1,035,366
78$1,543,771$415,974$226,586$1,059,416
79$1,635,092$370,213$168,032$1,085,006
80$1,733,644$320,126$105,434$1,112,342
81$1,840,099$265,436$38,590$1,141,654
82$1,955,196$205,849$0$1,173,201
83$2,079,746$141,056$0$1,209,721
84$2,214,641$70,729$0$1,252,331
85$2,360,863$0$0$1,298,530
86$2,519,490$0$0$1,351,339
87$2,691,707$0$0$1,445,069
88$2,878,821$0$0$1,546,970
89$3,082,266$0$0$1,657,831
90$3,303,621$0$0$1,778,522
91$3,544,624$0$0$1,909,999
92$3,807,186$0$0$2,053,313
93$4,093,411$0$0$2,209,623
94$4,405,615$0$0$2,380,203
95$4,746,346$0$0$2,566,456
96$5,118,409$0$0$2,769,927
97$5,524,893$0$0$2,992,314
98$5,969,196$0$0$3,235,491
99$6,455,063$0$0$3,501,517
100$6,986,614$0$0$3,792,662