Can I retire at age 64 with 699,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$57,723$57,209$56,707$56,217$55,739$55,134
2 years$28,576$28,043$27,528$27,028$26,542$25,933
3 years$18,861$18,327$17,812$17,317$16,840$16,245
4 years$14,005$13,472$12,963$12,476$12,010$11,435
5 years$11,092$10,562$10,060$9,583$9,130$8,576
6 years$9,151$8,625$8,130$7,663$7,224$6,692
7 years$7,764$7,243$6,756$6,300$5,875$5,365
8 years$6,725$6,209$5,729$5,285$4,874$4,385
9 years$5,917$5,406$4,935$4,502$4,105$3,638
10 years$5,272$4,765$4,302$3,881$3,497$3,052
11 years$4,744$4,242$3,788$3,377$3,008$2,583
12 years$4,304$3,807$3,361$2,962$2,607$2,203
13 years$3,932$3,441$3,003$2,615$2,273$1,889
14 years$3,614$3,128$2,698$2,322$1,992$1,628
15 years$3,338$2,857$2,436$2,070$1,754$1,409
16 years$3,097$2,621$2,209$1,854$1,550$1,224
17 years$2,884$2,414$2,010$1,666$1,375$1,066
18 years$2,696$2,231$1,835$1,501$1,222$930
19 years$2,527$2,067$1,680$1,356$1,090$814
20 years$2,376$1,921$1,542$1,228$973$714
21 years$2,239$1,789$1,418$1,115$871$627
22 years$2,114$1,670$1,307$1,014$781$551
23 years$2,001$1,562$1,207$923$701$485
24 years$1,897$1,464$1,116$842$630$427
25 years$1,802$1,374$1,034$769$567$377
26 years$1,714$1,291$959$703$511$333
27 years$1,633$1,215$890$644$460$294
28 years$1,558$1,145$827$590$415$260
29 years$1,488$1,080$770$541$375$230
30 years$1,423$1,020$717$496$339$203
31 years$1,362$964$669$456$306$180
32 years$1,305$912$624$419$277$159
33 years$1,252$864$583$385$251$141
34 years$1,202$819$544$354$227$125
35 years$1,155$777$509$326$206$111
36 years$1,110$737$476$300$186$98
37 years$1,068$700$446$277$169$87
38 years$1,029$665$417$255$153$77
39 years$991$633$391$235$139$69
40 years$956$602$366$217$126$61
41 years$922$573$344$200$114$54
42 years$890$546$322$185$104$48
43 years$859$520$302$171$94$42
44 years$831$496$284$157$85$38
45 years$803$473$267$145$78$33
46 years$777$451$250$134$70$30
47 years$751$430$235$124$64$26
48 years$727$411$221$115$58$23
49 years$704$392$208$106$53$21
50 years$682$375$195$98$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $699,000, adding $5,205 every year, while hoping to spend $55,746 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: 38/40/22 Blend
63$699,000$699,000$699,000$699,000
64$775,667$738,620$727,785$799,867
65$795,472$715,499$692,853$794,768
66$815,428$689,377$654,882$783,653
67$835,493$660,047$613,711$770,515
68$855,616$627,293$569,174$755,202
69$875,742$590,883$521,094$737,555
70$895,805$550,574$469,288$717,403
71$915,733$506,107$413,565$694,563
72$935,443$457,212$353,725$668,842
73$954,842$403,599$289,558$640,033
74$973,825$344,965$220,848$607,914
75$992,274$280,987$147,365$572,250
76$1,010,058$211,327$68,874$532,788
77$1,027,027$135,626$0$489,261
78$1,043,017$53,505$0$444,876
79$1,057,842$0$0$413,312
80$1,071,294$0$0$393,718
81$1,083,143$0$0$396,951
82$1,093,132$0$0$399,350
83$1,100,975$0$0$400,795
84$1,106,352$0$0$401,149
85$1,108,910$0$0$400,262
86$1,108,255$0$0$397,968
87$1,103,949$0$0$394,082
88$1,095,507$0$0$388,399
89$1,082,391$0$0$380,690
90$1,064,005$0$0$370,705
91$1,039,687$0$0$358,163
92$1,008,703$0$0$342,756
93$970,242$0$0$324,141
94$923,406$0$0$301,940
95$867,200$0$0$275,734
96$800,523$0$0$245,059
97$722,159$0$0$209,403
98$630,761$0$0$168,199
99$524,842$0$0$120,822
100$402,755$0$0$66,580