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%16.9%
1 years$56,980$56,472$55,977$55,494$55,022$53,475
2 years$28,208$27,682$27,173$26,680$26,201$24,654
3 years$18,618$18,091$17,583$17,094$16,623$15,125
4 years$13,825$13,299$12,796$12,315$11,856$10,418
5 years$10,949$10,426$9,930$9,459$9,012$7,639
6 years$9,033$8,514$8,025$7,565$7,131$5,823
7 years$7,664$7,150$6,669$6,219$5,800$4,557
8 years$6,639$6,129$5,656$5,217$4,811$3,633
9 years$5,841$5,336$4,871$4,444$4,052$2,937
10 years$5,204$4,704$4,247$3,831$3,452$2,400
11 years$4,682$4,187$3,739$3,334$2,969$1,977
12 years$4,248$3,758$3,318$2,924$2,573$1,639
13 years$3,881$3,396$2,965$2,582$2,244$1,366
14 years$3,567$3,087$2,664$2,292$1,967$1,144
15 years$3,295$2,820$2,405$2,044$1,732$961
16 years$3,057$2,588$2,180$1,830$1,531$810
17 years$2,847$2,383$1,984$1,644$1,357$684
18 years$2,661$2,202$1,811$1,482$1,207$579
19 years$2,495$2,041$1,658$1,339$1,075$490
20 years$2,345$1,896$1,522$1,213$961$416
21 years$2,210$1,766$1,400$1,101$860$354
22 years$2,087$1,649$1,290$1,001$771$301
23 years$1,975$1,542$1,191$911$692$256
24 years$1,873$1,445$1,102$831$622$218
25 years$1,779$1,356$1,020$759$559$186
26 years$1,692$1,274$946$694$504$159
27 years$1,612$1,199$879$635$454$135
28 years$1,538$1,130$817$582$410$116
29 years$1,469$1,066$760$534$370$99
30 years$1,405$1,007$708$490$334$84
31 years$1,345$952$660$450$302$72
32 years$1,288$901$616$413$274$62
33 years$1,236$853$575$380$248$53
34 years$1,186$808$537$350$224$45
35 years$1,140$767$502$322$203$38
36 years$1,096$728$470$297$184$33
37 years$1,055$691$440$273$167$28
38 years$1,015$657$412$252$151$24
39 years$978$625$386$232$137$21
40 years$943$594$362$214$124$18
41 years$910$566$339$198$113$15
42 years$878$539$318$182$102$13
43 years$848$513$299$168$93$11
44 years$820$489$280$155$84$9
45 years$793$467$263$144$77$8
46 years$767$445$247$133$69$7
47 years$742$425$232$123$63$6
48 years$718$406$218$113$57$5
49 years$695$387$205$105$52$4
50 years$674$370$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $690,000, adding $5,891 every year, while hoping to spend $51,786 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: 61/24/15 Blend
63$690,000$690,000$690,000$690,000
64$766,457$729,887$719,192$809,996
65$789,535$710,551$688,185$820,669
66$813,232$688,533$654,403$825,955
67$837,556$663,645$617,700$830,492
68$862,514$635,691$577,920$834,211
69$888,113$604,462$534,903$837,038
70$914,358$569,738$488,480$838,897
71$941,254$531,286$438,475$839,704
72$968,802$488,860$384,704$839,371
73$997,003$442,198$326,975$837,802
74$1,025,857$391,025$265,088$834,896
75$1,055,359$335,050$198,834$830,546
76$1,085,504$273,965$127,993$824,636
77$1,116,282$207,446$52,337$817,044
78$1,147,682$135,150$0$807,637
79$1,179,686$56,713$0$800,821
80$1,212,276$0$0$801,135
81$1,245,426$0$0$807,536
82$1,279,107$0$0$829,242
83$1,313,282$0$0$851,251
84$1,347,910$0$0$873,535
85$1,382,941$0$0$896,058
86$1,418,319$0$0$918,781
87$1,453,975$0$0$941,659
88$1,489,835$0$0$964,639
89$1,525,810$0$0$987,662
90$1,561,801$0$0$1,010,658
91$1,597,695$0$0$1,033,551
92$1,633,362$0$0$1,056,253
93$1,668,658$0$0$1,078,665
94$1,703,417$0$0$1,100,675
95$1,737,456$0$0$1,122,158
96$1,770,565$0$0$1,142,973
97$1,802,512$0$0$1,162,960
98$1,833,036$0$0$1,181,944
99$1,861,842$0$0$1,199,725
100$1,888,605$0$0$1,216,082