Can I retire at age 64 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$57,062$56,554$56,058$55,574$55,101$53,380
2 years$28,249$27,722$27,213$26,718$26,239$24,520
3 years$18,645$18,117$17,608$17,119$16,647$14,985
4 years$13,845$13,318$12,814$12,333$11,873$10,280
5 years$10,965$10,441$9,944$9,473$9,025$7,506
6 years$9,046$8,526$8,037$7,576$7,142$5,696
7 years$7,676$7,160$6,678$6,228$5,808$4,437
8 years$6,648$6,138$5,664$5,225$4,818$3,521
9 years$5,850$5,344$4,878$4,450$4,058$2,833
10 years$5,211$4,710$4,253$3,836$3,457$2,303
11 years$4,689$4,193$3,744$3,339$2,973$1,888
12 years$4,255$3,764$3,323$2,928$2,577$1,557
13 years$3,887$3,401$2,969$2,585$2,247$1,291
14 years$3,572$3,092$2,668$2,295$1,970$1,075
15 years$3,300$2,824$2,408$2,047$1,734$898
16 years$3,061$2,591$2,184$1,833$1,533$752
17 years$2,851$2,386$1,987$1,647$1,359$631
18 years$2,665$2,205$1,814$1,484$1,208$531
19 years$2,498$2,044$1,660$1,341$1,077$447
20 years$2,348$1,899$1,524$1,214$962$377
21 years$2,213$1,769$1,402$1,102$861$319
22 years$2,090$1,651$1,292$1,002$772$269
23 years$1,978$1,544$1,193$913$693$228
24 years$1,876$1,447$1,103$832$623$193
25 years$1,782$1,358$1,022$760$560$163
26 years$1,695$1,276$948$695$505$139
27 years$1,614$1,201$880$636$455$117
28 years$1,540$1,132$818$583$411$100
29 years$1,471$1,068$761$535$371$84
30 years$1,407$1,008$709$491$335$72
31 years$1,346$953$661$451$303$61
32 years$1,290$902$617$414$274$52
33 years$1,237$854$576$381$248$44
34 years$1,188$810$538$350$224$37
35 years$1,141$768$503$323$203$32
36 years$1,097$729$471$297$184$27
37 years$1,056$692$440$274$167$23
38 years$1,017$658$412$252$151$19
39 years$980$626$386$233$137$16
40 years$945$595$362$215$124$14
41 years$911$567$340$198$113$12
42 years$880$540$319$183$102$10
43 years$850$514$299$169$93$9
44 years$821$490$281$156$84$7
45 years$794$467$264$144$77$6
46 years$768$446$247$133$70$5
47 years$743$425$233$123$63$4
48 years$719$406$218$113$57$4
49 years$696$388$205$105$52$3
50 years$675$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $691,000, adding $3,592 every year, while hoping to spend $49,592 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: 36/44/20 Blend
63$691,000$691,000$691,000$691,000
64$765,187$728,564$717,854$787,981
65$790,471$711,498$689,136$787,868
66$816,671$691,934$657,795$782,862
67$843,829$669,697$623,689$776,434
68$871,990$644,601$586,672$768,486
69$901,198$616,452$546,590$758,915
70$931,504$585,042$503,285$747,611
71$962,960$550,152$456,588$734,460
72$995,622$511,550$406,324$719,341
73$1,029,551$468,991$352,311$702,128
74$1,064,811$422,217$294,359$682,687
75$1,101,469$370,954$232,268$660,878
76$1,139,601$314,912$165,831$636,553
77$1,179,284$253,786$94,830$609,559
78$1,220,603$187,254$19,039$579,733
79$1,263,649$114,974$0$546,906
80$1,308,520$36,587$0$524,096
81$1,355,321$0$0$503,113
82$1,404,166$0$0$503,129
83$1,455,178$0$0$521,667
84$1,508,487$0$0$541,064
85$1,564,238$0$0$561,374
86$1,622,585$0$0$582,657
87$1,683,695$0$0$604,977
88$1,747,750$0$0$628,405
89$1,814,947$0$0$653,017
90$1,885,499$0$0$678,896
91$1,959,638$0$0$706,131
92$2,037,616$0$0$734,821
93$2,119,709$0$0$765,072
94$2,206,214$0$0$797,001
95$2,297,457$0$0$830,734
96$2,393,792$0$0$866,409
97$2,495,606$0$0$904,178
98$2,603,321$0$0$944,206
99$2,717,397$0$0$986,672
100$2,838,339$0$0$1,031,773