Can I retire at age 64 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$50,208$49,761$49,325$48,899$48,483$48,077
2 years$24,855$24,393$23,944$23,509$23,087$22,678
3 years$16,406$15,941$15,493$15,062$14,647$14,247
4 years$12,182$11,718$11,275$10,852$10,447$10,059
5 years$9,648$9,187$8,750$8,335$7,941$7,568
6 years$7,959$7,502$7,071$6,666$6,284$5,924
7 years$6,754$6,300$5,876$5,480$5,110$4,765
8 years$5,850$5,400$4,984$4,597$4,240$3,909
9 years$5,147$4,702$4,292$3,916$3,570$3,254
10 years$4,585$4,145$3,742$3,375$3,042$2,740
11 years$4,126$3,690$3,295$2,938$2,616$2,328
12 years$3,743$3,312$2,924$2,577$2,267$1,992
13 years$3,420$2,993$2,612$2,275$1,977$1,715
14 years$3,143$2,720$2,347$2,019$1,733$1,484
15 years$2,903$2,485$2,119$1,801$1,526$1,290
16 years$2,694$2,280$1,921$1,613$1,349$1,125
17 years$2,509$2,100$1,748$1,449$1,196$983
18 years$2,345$1,940$1,596$1,306$1,063$862
19 years$2,198$1,798$1,461$1,180$948$758
20 years$2,066$1,671$1,341$1,069$846$667
21 years$1,947$1,557$1,233$970$758$588
22 years$1,839$1,453$1,137$882$679$520
23 years$1,741$1,359$1,050$803$610$460
24 years$1,650$1,273$971$732$548$407
25 years$1,568$1,195$899$669$493$361
26 years$1,491$1,123$834$612$444$320
27 years$1,421$1,057$774$560$400$284
28 years$1,355$996$720$513$361$252
29 years$1,294$939$670$470$326$224
30 years$1,238$887$624$432$295$199
31 years$1,185$839$582$396$266$177
32 years$1,135$794$543$364$241$158
33 years$1,089$752$507$335$218$140
34 years$1,045$712$473$308$198$125
35 years$1,004$676$443$284$179$111
36 years$966$641$414$261$162$99
37 years$929$609$388$241$147$88
38 years$895$579$363$222$133$79
39 years$862$550$340$205$121$70
40 years$831$524$319$189$110$63
41 years$802$498$299$174$99$56
42 years$774$475$280$161$90$50
43 years$748$452$263$148$82$44
44 years$722$431$247$137$74$40
45 years$698$411$232$127$67$35
46 years$675$392$218$117$61$32
47 years$654$374$205$108$56$28
48 years$633$357$192$100$50$25
49 years$613$341$181$92$46$22
50 years$594$326$170$85$42$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $608,000, adding $3,392 every year, while hoping to spend $34,918 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: 88/7/5 Blend
63$608,000$608,000$608,000$608,000
64$673,515$641,291$631,867$732,558
65$705,061$635,562$615,882$765,759
66$738,654$628,381$598,191$797,006
67$774,467$619,642$578,701$830,202
68$812,688$609,229$557,312$865,515
69$853,522$597,022$533,922$903,131
70$897,197$582,892$508,424$943,256
71$943,960$566,702$480,705$986,113
72$994,083$548,310$450,648$1,031,951
73$1,047,865$527,563$418,130$1,081,040
74$1,105,633$504,298$383,023$1,133,681
75$1,167,745$478,347$345,193$1,190,202
76$1,234,598$449,529$304,499$1,250,965
77$1,306,623$417,652$260,796$1,316,369
78$1,384,297$382,515$213,931$1,386,853
79$1,468,142$343,905$163,745$1,462,901
80$1,558,733$301,597$110,070$1,545,043
81$1,656,700$255,352$52,734$1,633,866
82$1,762,738$204,919$0$1,730,015
83$1,877,609$150,031$0$1,834,651
84$2,002,152$90,409$0$1,951,138
85$2,137,288$25,756$0$2,077,531
86$2,284,032$0$0$2,214,792
87$2,443,499$0$0$2,367,385
88$2,616,917$0$0$2,535,489
89$2,805,635$0$0$2,718,427
90$3,011,138$0$0$2,917,642
91$3,235,062$0$0$3,134,718
92$3,479,205$0$0$3,371,398
93$3,745,547$0$0$3,629,604
94$4,036,266$0$0$3,911,448
95$4,353,762$0$0$4,219,256
96$4,700,675$0$0$4,555,589
97$5,079,913$0$0$4,923,266
98$5,494,676$0$0$5,325,390
99$5,948,487$0$0$5,765,380
100$6,445,228$0$0$6,246,998