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%11.3%
1 years$56,980$56,472$55,977$55,494$55,022$54,721
2 years$28,208$27,682$27,173$26,680$26,201$25,897
3 years$18,618$18,091$17,583$17,094$16,623$16,326
4 years$13,825$13,299$12,796$12,315$11,856$11,568
5 years$10,949$10,426$9,930$9,459$9,012$8,734
6 years$9,033$8,514$8,025$7,565$7,131$6,863
7 years$7,664$7,150$6,669$6,219$5,800$5,542
8 years$6,639$6,129$5,656$5,217$4,811$4,564
9 years$5,841$5,336$4,871$4,444$4,052$3,815
10 years$5,204$4,704$4,247$3,831$3,452$3,225
11 years$4,682$4,187$3,739$3,334$2,969$2,752
12 years$4,248$3,758$3,318$2,924$2,573$2,366
13 years$3,881$3,396$2,965$2,582$2,244$2,046
14 years$3,567$3,087$2,664$2,292$1,967$1,779
15 years$3,295$2,820$2,405$2,044$1,732$1,553
16 years$3,057$2,588$2,180$1,830$1,531$1,360
17 years$2,847$2,383$1,984$1,644$1,357$1,196
18 years$2,661$2,202$1,811$1,482$1,207$1,054
19 years$2,495$2,041$1,658$1,339$1,075$930
20 years$2,345$1,896$1,522$1,213$961$823
21 years$2,210$1,766$1,400$1,101$860$730
22 years$2,087$1,649$1,290$1,001$771$648
23 years$1,975$1,542$1,191$911$692$576
24 years$1,873$1,445$1,102$831$622$513
25 years$1,779$1,356$1,020$759$559$457
26 years$1,692$1,274$946$694$504$407
27 years$1,612$1,199$879$635$454$364
28 years$1,538$1,130$817$582$410$325
29 years$1,469$1,066$760$534$370$290
30 years$1,405$1,007$708$490$334$260
31 years$1,345$952$660$450$302$232
32 years$1,288$901$616$413$274$208
33 years$1,236$853$575$380$248$186
34 years$1,186$808$537$350$224$167
35 years$1,140$767$502$322$203$149
36 years$1,096$728$470$297$184$134
37 years$1,055$691$440$273$167$120
38 years$1,015$657$412$252$151$108
39 years$978$625$386$232$137$97
40 years$943$594$362$214$124$87
41 years$910$566$339$198$113$78
42 years$878$539$318$182$102$70
43 years$848$513$299$168$93$63
44 years$820$489$280$155$84$56
45 years$793$467$263$144$77$50
46 years$767$445$247$133$69$45
47 years$742$425$232$123$63$41
48 years$718$406$218$113$57$36
49 years$695$387$205$105$52$33
50 years$674$370$193$97$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $690,000, adding $4,369 every year, while hoping to spend $20,416 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: 21/49/30 Blend
63$690,000$690,000$690,000$690,000
64$764,887$728,317$717,622$773,621
65$821,183$742,282$719,939$796,001
66$882,536$756,247$721,651$817,946
67$949,443$770,190$722,713$840,965
68$1,022,445$784,089$723,084$865,159
69$1,102,143$797,918$722,716$890,638
70$1,189,196$811,650$721,560$917,527
71$1,284,328$825,255$719,567$945,962
72$1,388,340$838,703$716,683$976,097
73$1,502,111$851,960$712,853$1,008,099
74$1,626,610$864,990$708,017$1,042,157
75$1,762,903$877,753$702,114$1,078,479
76$1,912,165$890,209$695,081$1,117,294
77$2,075,690$902,312$686,849$1,158,860
78$2,254,900$914,016$677,349$1,203,458
79$2,451,367$925,270$666,507$1,251,404
80$2,666,816$936,018$654,245$1,303,045
81$2,903,152$946,204$640,483$1,358,767
82$3,162,471$955,764$625,136$1,418,997
83$3,447,080$964,634$608,116$1,484,207
84$3,759,524$972,743$589,329$1,554,923
85$4,102,604$980,015$568,680$1,631,722
86$4,479,405$986,372$546,067$1,715,248
87$4,893,328$991,728$521,383$1,806,211
88$5,348,117$995,992$494,519$1,905,396
89$5,847,898$999,069$465,359$2,013,673
90$6,397,216$1,000,856$433,781$2,132,004
91$7,001,079$1,001,245$399,660$2,261,453
92$7,665,004$1,000,120$362,863$2,403,197
93$8,395,068$997,360$323,252$2,558,536
94$9,197,968$992,834$280,684$2,728,909
95$10,081,081$986,403$235,008$2,915,905
96$11,052,538$977,923$186,067$3,121,283
97$12,121,293$967,238$133,697$3,346,984
98$13,297,215$954,183$77,726$3,595,154
99$14,591,177$938,584$17,976$3,868,165
100$16,015,160$920,257$0$4,168,636