Can I retire at age 64 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$57,723$57,209$56,707$56,217$55,739$54,838
2 years$28,576$28,043$27,528$27,028$26,542$25,637
3 years$18,861$18,327$17,812$17,317$16,840$15,958
4 years$14,005$13,472$12,963$12,476$12,010$11,160
5 years$11,092$10,562$10,060$9,583$9,130$8,313
6 years$9,151$8,625$8,130$7,663$7,224$6,441
7 years$7,764$7,243$6,756$6,300$5,875$5,126
8 years$6,725$6,209$5,729$5,285$4,874$4,159
9 years$5,917$5,406$4,935$4,502$4,105$3,424
10 years$5,272$4,765$4,302$3,881$3,497$2,850
11 years$4,744$4,242$3,788$3,377$3,008$2,393
12 years$4,304$3,807$3,361$2,962$2,607$2,023
13 years$3,932$3,441$3,003$2,615$2,273$1,721
14 years$3,614$3,128$2,698$2,322$1,992$1,470
15 years$3,338$2,857$2,436$2,070$1,754$1,261
16 years$3,097$2,621$2,209$1,854$1,550$1,085
17 years$2,884$2,414$2,010$1,666$1,375$937
18 years$2,696$2,231$1,835$1,501$1,222$810
19 years$2,527$2,067$1,680$1,356$1,090$702
20 years$2,376$1,921$1,542$1,228$973$610
21 years$2,239$1,789$1,418$1,115$871$530
22 years$2,114$1,670$1,307$1,014$781$461
23 years$2,001$1,562$1,207$923$701$402
24 years$1,897$1,464$1,116$842$630$351
25 years$1,802$1,374$1,034$769$567$306
26 years$1,714$1,291$959$703$511$268
27 years$1,633$1,215$890$644$460$234
28 years$1,558$1,145$827$590$415$205
29 years$1,488$1,080$770$541$375$179
30 years$1,423$1,020$717$496$339$157
31 years$1,362$964$669$456$306$137
32 years$1,305$912$624$419$277$120
33 years$1,252$864$583$385$251$105
34 years$1,202$819$544$354$227$92
35 years$1,155$777$509$326$206$81
36 years$1,110$737$476$300$186$71
37 years$1,068$700$446$277$169$62
38 years$1,029$665$417$255$153$55
39 years$991$633$391$235$139$48
40 years$956$602$366$217$126$42
41 years$922$573$344$200$114$37
42 years$890$546$322$185$104$32
43 years$859$520$302$171$94$28
44 years$831$496$284$157$85$25
45 years$803$473$267$145$78$22
46 years$777$451$250$134$70$19
47 years$751$430$235$124$64$17
48 years$727$411$221$115$58$15
49 years$704$392$208$106$53$13
50 years$682$375$195$98$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $699,000, adding $4,524 every year, while hoping to spend $56,390 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: 48/35/17 Blend
63$699,000$699,000$699,000$699,000
64$774,965$737,918$727,083$808,261
65$794,012$714,077$691,442$807,965
66$813,113$687,178$652,717$801,525
67$832,213$657,012$610,745$793,318
68$851,250$623,357$565,356$783,201
69$870,154$585,978$516,372$771,020
70$888,847$544,628$463,608$756,609
71$907,240$499,046$406,869$739,792
72$925,232$448,953$345,953$720,379
73$942,711$394,057$280,648$698,164
74$959,551$334,049$210,733$672,931
75$975,611$268,603$135,978$644,442
76$990,731$197,372$56,141$612,445
77$1,004,735$119,993$0$576,670
78$1,017,425$36,080$0$542,095
79$1,028,581$0$0$514,346
80$1,037,958$0$0$504,036
81$1,045,282$0$0$506,492
82$1,050,248$0$0$507,657
83$1,052,519$0$0$507,350
84$1,051,718$0$0$505,371
85$1,047,429$0$0$501,497
86$1,039,189$0$0$495,483
87$1,026,482$0$0$487,054
88$1,008,741$0$0$475,908
89$985,333$0$0$461,709
90$955,559$0$0$444,086
91$918,644$0$0$422,627
92$873,731$0$0$396,875
93$819,870$0$0$366,328
94$756,011$0$0$330,428
95$680,994$0$0$288,559
96$593,532$0$0$240,038
97$492,206$0$0$184,112
98$375,446$0$0$119,949
99$241,517$0$0$46,628
100$88,503$0$0$0