Can I retire at age 64 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$58,383$57,863$57,356$56,861$56,377$54,748
2 years$28,903$28,364$27,843$27,337$26,846$25,218
3 years$19,077$18,536$18,016$17,515$17,032$15,456
4 years$14,165$13,626$13,111$12,619$12,148$10,635
5 years$11,219$10,683$10,175$9,692$9,234$7,790
6 years$9,255$8,724$8,223$7,751$7,307$5,931
7 years$7,853$7,326$6,833$6,373$5,942$4,636
8 years$6,802$6,280$5,795$5,346$4,930$3,692
9 years$5,985$5,468$4,991$4,553$4,152$2,981
10 years$5,332$4,819$4,351$3,925$3,537$2,433
11 years$4,798$4,291$3,831$3,416$3,042$2,002
12 years$4,353$3,851$3,400$2,996$2,636$1,658
13 years$3,977$3,480$3,038$2,645$2,299$1,380
14 years$3,655$3,163$2,729$2,348$2,015$1,154
15 years$3,376$2,890$2,464$2,094$1,774$968
16 years$3,132$2,651$2,234$1,875$1,568$814
17 years$2,917$2,442$2,033$1,685$1,390$686
18 years$2,727$2,256$1,856$1,518$1,236$580
19 years$2,556$2,091$1,699$1,372$1,102$491
20 years$2,403$1,943$1,559$1,243$984$416
21 years$2,264$1,810$1,434$1,128$881$353
22 years$2,139$1,690$1,322$1,025$790$300
23 years$2,024$1,580$1,220$934$709$255
24 years$1,919$1,481$1,129$852$637$217
25 years$1,823$1,389$1,045$778$573$184
26 years$1,734$1,306$970$711$516$157
27 years$1,652$1,229$900$651$466$134
28 years$1,576$1,158$837$596$420$114
29 years$1,505$1,092$779$547$379$97
30 years$1,439$1,032$725$502$343$83
31 years$1,378$975$676$461$310$71
32 years$1,320$923$631$424$280$60
33 years$1,266$874$589$390$254$51
34 years$1,215$828$551$358$230$44
35 years$1,168$786$515$330$208$37
36 years$1,123$746$481$304$188$32
37 years$1,080$708$451$280$171$27
38 years$1,040$673$422$258$155$23
39 years$1,003$640$395$238$140$20
40 years$967$609$371$219$127$17
41 years$932$580$348$203$116$14
42 years$900$552$326$187$105$12
43 years$869$526$306$173$95$11
44 years$840$501$287$159$86$9
45 years$812$478$270$147$78$8
46 years$785$456$253$136$71$7
47 years$760$435$238$126$65$6
48 years$736$415$224$116$59$5
49 years$713$397$210$107$53$4
50 years$690$379$198$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $707,000, adding $5,103 every year, while hoping to spend $35,120 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: 86/9/5 Blend
63$707,000$707,000$707,000$707,000
64$784,378$746,907$735,948$851,422
65$827,017$746,138$723,235$895,102
66$872,828$744,154$708,919$937,701
67$922,098$740,859$692,909$983,371
68$975,141$736,150$675,111$1,032,394
69$1,032,302$729,918$655,424$1,085,082
70$1,093,962$722,049$633,745$1,141,780
71$1,160,536$712,420$609,966$1,202,865
72$1,232,483$700,900$583,972$1,268,753
73$1,310,306$687,354$555,645$1,339,902
74$1,394,558$671,636$524,860$1,416,816
75$1,485,849$653,591$491,488$1,500,051
76$1,584,845$633,057$455,393$1,590,219
77$1,692,284$609,862$416,433$1,687,993
78$1,808,973$583,821$374,460$1,794,115
79$1,935,804$554,744$329,320$1,909,402
80$2,073,754$522,424$280,850$2,034,755
81$2,223,900$486,647$228,882$2,171,164
82$2,387,429$447,183$173,240$2,319,723
83$2,565,643$403,791$113,740$2,481,636
84$2,759,977$356,216$50,189$2,658,228
85$2,972,012$304,187$0$2,850,961
86$3,203,486$247,421$0$3,062,386
87$3,456,312$185,615$0$3,296,254
88$3,732,598$118,452$0$3,551,853
89$4,034,663$45,597$0$3,831,349
90$4,365,060$0$0$4,137,129
91$4,726,603$0$0$4,475,120
92$5,122,386$0$0$4,850,074
93$5,555,820$0$0$5,260,706
94$6,030,659$0$0$5,710,574
95$6,551,038$0$0$6,203,596
96$7,121,511$0$0$6,744,089
97$7,747,095$0$0$7,336,806
98$8,433,312$0$0$7,986,982
99$9,186,247$0$0$8,700,382
100$10,012,603$0$0$9,483,360