Can I retire at age 64 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$50,373$49,925$49,487$49,059$48,642$47,524
2 years$24,937$24,473$24,023$23,586$23,163$22,043
3 years$16,460$15,993$15,544$15,112$14,696$13,608
4 years$12,222$11,757$11,312$10,887$10,481$9,435
5 years$9,680$9,217$8,779$8,363$7,967$6,965
6 years$7,985$7,527$7,095$6,688$6,304$5,347
7 years$6,776$6,321$5,896$5,498$5,127$4,215
8 years$5,869$5,418$5,000$4,612$4,253$3,387
9 years$5,164$4,718$4,306$3,929$3,582$2,760
10 years$4,600$4,158$3,754$3,387$3,052$2,273
11 years$4,140$3,702$3,305$2,947$2,625$1,888
12 years$3,756$3,323$2,933$2,585$2,275$1,579
13 years$3,431$3,003$2,621$2,282$1,984$1,328
14 years$3,153$2,729$2,355$2,026$1,739$1,122
15 years$2,913$2,493$2,126$1,807$1,531$951
16 years$2,703$2,288$1,928$1,618$1,353$808
17 years$2,517$2,107$1,754$1,454$1,200$689
18 years$2,353$1,947$1,601$1,310$1,067$589
19 years$2,205$1,804$1,466$1,184$951$504
20 years$2,073$1,677$1,345$1,072$849$432
21 years$1,954$1,562$1,237$973$760$371
22 years$1,845$1,458$1,140$885$681$319
23 years$1,746$1,363$1,053$806$612$274
24 years$1,656$1,277$974$735$550$236
25 years$1,573$1,199$902$671$495$203
26 years$1,496$1,127$837$614$446$175
27 years$1,425$1,060$777$562$402$151
28 years$1,360$999$722$515$362$130
29 years$1,299$943$672$472$327$112
30 years$1,242$890$626$433$296$97
31 years$1,189$841$584$398$267$84
32 years$1,139$796$544$366$242$72
33 years$1,092$754$508$336$219$63
34 years$1,049$715$475$309$198$54
35 years$1,008$678$444$285$179$47
36 years$969$643$415$262$163$40
37 years$932$611$389$242$147$35
38 years$898$581$364$223$134$30
39 years$865$552$341$205$121$26
40 years$834$525$320$189$110$23
41 years$805$500$300$175$100$19
42 years$777$476$281$161$90$17
43 years$750$454$264$149$82$15
44 years$725$433$248$137$75$13
45 years$701$412$233$127$68$11
46 years$678$394$218$117$61$9
47 years$656$376$205$108$56$8
48 years$635$358$193$100$51$7
49 years$615$342$181$93$46$6
50 years$596$327$170$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $610,000, adding $5,968 every year, while hoping to spend $24,854 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: 78/15/7 Blend
63$610,000$610,000$610,000$610,000
64$678,376$646,046$636,591$730,265
65$721,126$651,258$631,472$770,371
66$767,403$655,892$625,349$810,509
67$817,542$659,894$618,162$853,793
68$871,908$663,206$609,847$900,522
69$930,905$665,766$600,340$951,031
70$994,977$667,508$589,571$1,005,684
71$1,064,612$668,363$577,468$1,064,885
72$1,140,346$668,256$563,957$1,129,078
73$1,222,770$667,109$548,959$1,198,753
74$1,312,534$664,839$532,390$1,274,450
75$1,410,352$661,356$514,165$1,356,762
76$1,517,012$656,566$494,193$1,446,346
77$1,633,380$650,370$472,381$1,543,922
78$1,760,408$642,662$448,630$1,650,288
79$1,899,147$633,330$422,836$1,766,319
80$2,050,751$622,254$394,892$1,892,982
81$2,216,492$609,309$364,685$2,031,343
82$2,397,771$594,362$332,099$2,182,575
83$2,596,129$577,271$297,009$2,347,974
84$2,813,263$557,887$259,289$2,528,965
85$3,051,044$536,051$218,803$2,727,121
86$3,311,529$511,596$175,412$2,944,175
87$3,596,987$484,346$128,969$3,182,038
88$3,909,912$454,112$79,323$3,442,814
89$4,253,057$420,696$26,313$3,728,826
90$4,629,448$383,890$0$4,042,632
91$5,042,423$343,472$0$4,389,312
92$5,495,655$299,207$0$4,771,959
93$5,993,193$250,849$0$5,192,045
94$6,539,494$198,136$0$5,653,363
95$7,139,470$140,793$0$6,160,091
96$7,798,532$78,528$0$6,716,832
97$8,522,640$11,033$0$7,328,663
98$9,318,359$0$0$8,001,175
99$10,192,923$0$0$8,750,769
100$11,154,302$0$0$9,576,796