Can I retire at age 64 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$56,980$56,472$55,977$55,494$55,022$53,757
2 years$28,208$27,682$27,173$26,680$26,201$24,934
3 years$18,618$18,091$17,583$17,094$16,623$15,393
4 years$13,825$13,299$12,796$12,315$11,856$10,672
5 years$10,949$10,426$9,930$9,459$9,012$7,879
6 years$9,033$8,514$8,025$7,565$7,131$6,049
7 years$7,664$7,150$6,669$6,219$5,800$4,768
8 years$6,639$6,129$5,656$5,217$4,811$3,831
9 years$5,841$5,336$4,871$4,444$4,052$3,122
10 years$5,204$4,704$4,247$3,831$3,452$2,571
11 years$4,682$4,187$3,739$3,334$2,969$2,136
12 years$4,248$3,758$3,318$2,924$2,573$1,786
13 years$3,881$3,396$2,965$2,582$2,244$1,502
14 years$3,567$3,087$2,664$2,292$1,967$1,269
15 years$3,295$2,820$2,405$2,044$1,732$1,075
16 years$3,057$2,588$2,180$1,830$1,531$915
17 years$2,847$2,383$1,984$1,644$1,357$780
18 years$2,661$2,202$1,811$1,482$1,207$666
19 years$2,495$2,041$1,658$1,339$1,075$570
20 years$2,345$1,896$1,522$1,213$961$489
21 years$2,210$1,766$1,400$1,101$860$419
22 years$2,087$1,649$1,290$1,001$771$360
23 years$1,975$1,542$1,191$911$692$310
24 years$1,873$1,445$1,102$831$622$267
25 years$1,779$1,356$1,020$759$559$230
26 years$1,692$1,274$946$694$504$198
27 years$1,612$1,199$879$635$454$171
28 years$1,538$1,130$817$582$410$147
29 years$1,469$1,066$760$534$370$127
30 years$1,405$1,007$708$490$334$110
31 years$1,345$952$660$450$302$95
32 years$1,288$901$616$413$274$82
33 years$1,236$853$575$380$248$71
34 years$1,186$808$537$350$224$61
35 years$1,140$767$502$322$203$53
36 years$1,096$728$470$297$184$46
37 years$1,055$691$440$273$167$39
38 years$1,015$657$412$252$151$34
39 years$978$625$386$232$137$29
40 years$943$594$362$214$124$26
41 years$910$566$339$198$113$22
42 years$878$539$318$182$102$19
43 years$848$513$299$168$93$16
44 years$820$489$280$155$84$14
45 years$793$467$263$144$77$12
46 years$767$445$247$133$69$11
47 years$742$425$232$123$63$9
48 years$718$406$218$113$57$8
49 years$695$387$205$105$52$7
50 years$674$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $690,000, adding $6,178 every year, while hoping to spend $51,000 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: 52/33/15 Blend
63$690,000$690,000$690,000$690,000
64$766,753$730,183$719,488$803,213
65$790,698$711,698$689,327$810,361
66$815,376$690,598$656,446$812,228
67$840,808$666,702$620,701$813,119
68$867,016$639,815$581,940$812,956
69$894,021$609,735$540,004$811,656
70$921,845$576,247$494,729$809,133
71$950,512$539,121$445,940$805,293
72$980,043$498,117$393,459$800,038
73$1,010,463$452,980$337,095$793,265
74$1,041,795$403,441$276,653$784,863
75$1,074,064$349,215$211,926$774,716
76$1,107,293$290,001$142,700$762,701
77$1,141,507$225,481$68,750$748,686
78$1,176,730$155,320$0$732,535
79$1,212,989$79,163$0$715,727
80$1,250,307$0$0$708,330
81$1,288,710$0$0$700,428
82$1,328,223$0$0$721,872
83$1,368,869$0$0$743,927
84$1,410,675$0$0$766,608
85$1,453,663$0$0$789,927
86$1,497,858$0$0$813,895
87$1,543,282$0$0$838,525
88$1,589,958$0$0$863,828
89$1,637,906$0$0$889,815
90$1,687,147$0$0$916,496
91$1,737,699$0$0$943,879
92$1,789,579$0$0$971,974
93$1,842,801$0$0$1,000,787
94$1,897,379$0$0$1,030,323
95$1,953,322$0$0$1,060,586
96$2,010,637$0$0$1,091,580
97$2,069,328$0$0$1,123,303
98$2,129,394$0$0$1,155,754
99$2,190,829$0$0$1,188,929
100$2,253,625$0$0$1,222,818