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%15.8%
1 years$56,980$56,472$55,977$55,494$55,022$53,713
2 years$28,208$27,682$27,173$26,680$26,201$24,890
3 years$18,618$18,091$17,583$17,094$16,623$15,351
4 years$13,825$13,299$12,796$12,315$11,856$10,632
5 years$10,949$10,426$9,930$9,459$9,012$7,841
6 years$9,033$8,514$8,025$7,565$7,131$6,013
7 years$7,664$7,150$6,669$6,219$5,800$4,735
8 years$6,639$6,129$5,656$5,217$4,811$3,800
9 years$5,841$5,336$4,871$4,444$4,052$3,092
10 years$5,204$4,704$4,247$3,831$3,452$2,544
11 years$4,682$4,187$3,739$3,334$2,969$2,111
12 years$4,248$3,758$3,318$2,924$2,573$1,763
13 years$3,881$3,396$2,965$2,582$2,244$1,480
14 years$3,567$3,087$2,664$2,292$1,967$1,249
15 years$3,295$2,820$2,405$2,044$1,732$1,057
16 years$3,057$2,588$2,180$1,830$1,531$898
17 years$2,847$2,383$1,984$1,644$1,357$764
18 years$2,661$2,202$1,811$1,482$1,207$652
19 years$2,495$2,041$1,658$1,339$1,075$557
20 years$2,345$1,896$1,522$1,213$961$477
21 years$2,210$1,766$1,400$1,101$860$409
22 years$2,087$1,649$1,290$1,001$771$351
23 years$1,975$1,542$1,191$911$692$301
24 years$1,873$1,445$1,102$831$622$259
25 years$1,779$1,356$1,020$759$559$222
26 years$1,692$1,274$946$694$504$191
27 years$1,612$1,199$879$635$454$165
28 years$1,538$1,130$817$582$410$142
29 years$1,469$1,066$760$534$370$122
30 years$1,405$1,007$708$490$334$105
31 years$1,345$952$660$450$302$91
32 years$1,288$901$616$413$274$78
33 years$1,236$853$575$380$248$68
34 years$1,186$808$537$350$224$58
35 years$1,140$767$502$322$203$50
36 years$1,096$728$470$297$184$43
37 years$1,055$691$440$273$167$37
38 years$1,015$657$412$252$151$32
39 years$978$625$386$232$137$28
40 years$943$594$362$214$124$24
41 years$910$566$339$198$113$21
42 years$878$539$318$182$102$18
43 years$848$513$299$168$93$15
44 years$820$489$280$155$84$13
45 years$793$467$263$144$77$12
46 years$767$445$247$133$69$10
47 years$742$425$232$123$63$9
48 years$718$406$218$113$57$7
49 years$695$387$205$105$52$6
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 $4,616 every year, while hoping to spend $47,571 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: 62/21/17 Blend
63$690,000$690,000$690,000$690,000
64$765,141$728,571$717,876$809,022
65$792,571$713,656$691,310$824,197
66$821,203$696,416$662,259$834,984
67$851,112$676,686$630,591$845,639
68$882,375$654,293$596,165$856,152
69$915,077$629,053$558,836$866,515
70$949,309$600,771$518,452$876,722
71$985,171$569,242$474,853$886,766
72$1,022,771$534,247$427,873$896,645
73$1,062,225$495,557$377,338$906,357
74$1,103,660$452,927$323,067$915,902
75$1,147,214$406,101$264,870$925,287
76$1,193,036$354,806$202,549$934,517
77$1,241,289$298,755$135,898$943,606
78$1,292,151$237,644$64,701$952,569
79$1,345,814$171,153$0$961,428
80$1,402,490$98,942$0$972,258
81$1,462,409$20,655$0$995,706
82$1,525,820$0$0$1,020,110
83$1,592,997$0$0$1,060,380
84$1,664,241$0$0$1,108,174
85$1,739,877$0$0$1,158,941
86$1,820,263$0$0$1,212,925
87$1,905,791$0$0$1,270,393
88$1,996,888$0$0$1,331,635
89$2,094,024$0$0$1,396,971
90$2,197,710$0$0$1,466,751
91$2,308,511$0$0$1,541,358
92$2,427,043$0$0$1,621,212
93$2,553,982$0$0$1,706,775
94$2,690,068$0$0$1,798,551
95$2,836,116$0$0$1,897,096
96$2,993,019$0$0$2,003,017
97$3,161,755$0$0$2,116,984
98$3,343,402$0$0$2,239,729
99$3,539,139$0$0$2,372,059
100$3,750,265$0$0$2,514,859