Can I retire at age 64 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$50,456$50,006$49,568$49,140$48,722$48,273
2 years$24,978$24,513$24,062$23,625$23,201$22,749
3 years$16,487$16,019$15,570$15,137$14,720$14,278
4 years$12,242$11,776$11,331$10,905$10,498$10,071
5 years$9,696$9,233$8,793$8,376$7,981$7,569
6 years$7,999$7,539$7,106$6,699$6,315$5,919
7 years$6,787$6,331$5,905$5,507$5,136$4,755
8 years$5,879$5,427$5,008$4,620$4,260$3,896
9 years$5,172$4,725$4,314$3,935$3,588$3,240
10 years$4,608$4,165$3,761$3,392$3,057$2,724
11 years$4,146$3,708$3,311$2,952$2,629$2,312
12 years$3,762$3,328$2,938$2,589$2,278$1,976
13 years$3,437$3,008$2,625$2,286$1,987$1,699
14 years$3,159$2,734$2,359$2,029$1,742$1,468
15 years$2,918$2,497$2,130$1,810$1,533$1,274
16 years$2,707$2,291$1,931$1,620$1,355$1,110
17 years$2,521$2,110$1,757$1,456$1,202$969
18 years$2,356$1,950$1,604$1,312$1,068$848
19 years$2,209$1,807$1,468$1,186$952$745
20 years$2,077$1,679$1,347$1,074$851$655
21 years$1,957$1,564$1,239$975$761$576
22 years$1,848$1,460$1,142$886$682$508
23 years$1,749$1,366$1,055$807$613$449
24 years$1,659$1,280$975$736$551$397
25 years$1,575$1,201$903$672$495$351
26 years$1,498$1,129$838$615$446$311
27 years$1,428$1,062$778$563$402$275
28 years$1,362$1,001$723$515$363$244
29 years$1,301$944$673$473$328$217
30 years$1,244$892$627$434$296$192
31 years$1,191$843$585$398$268$171
32 years$1,141$798$545$366$242$152
33 years$1,094$755$509$337$219$135
34 years$1,050$716$476$310$198$120
35 years$1,009$679$445$285$180$107
36 years$970$644$416$263$163$95
37 years$934$612$389$242$148$84
38 years$899$582$365$223$134$75
39 years$866$553$342$206$121$67
40 years$835$526$320$190$110$60
41 years$806$501$300$175$100$53
42 years$778$477$282$162$91$47
43 years$751$455$264$149$82$42
44 years$726$433$248$138$75$37
45 years$702$413$233$127$68$33
46 years$679$394$219$117$62$30
47 years$657$376$206$109$56$26
48 years$636$359$193$100$51$24
49 years$616$343$182$93$46$21
50 years$597$328$171$86$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $611,000, adding $2,901 every year, while hoping to spend $40,512 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: 62/15/23 Blend
63$611,000$611,000$611,000$611,000
64$676,314$643,931$634,461$713,988
65$702,194$632,380$612,611$728,267
66$729,356$618,904$588,671$739,121
67$757,887$603,367$562,529$750,065
68$787,884$585,625$534,066$761,116
69$819,450$565,523$503,160$772,291
70$852,700$542,899$469,681$783,610
71$887,755$517,580$433,495$795,100
72$924,750$489,386$394,461$806,789
73$963,831$458,123$352,432$818,714
74$1,005,159$423,588$307,256$830,914
75$1,048,908$385,566$258,771$843,438
76$1,095,267$343,829$206,810$856,338
77$1,144,445$298,138$151,199$869,680
78$1,196,669$248,237$91,755$883,533
79$1,252,188$193,859$28,288$897,982
80$1,311,273$134,721$0$913,121
81$1,374,224$70,523$0$938,735
82$1,441,365$949$0$973,306
83$1,513,054$0$0$1,010,074
84$1,589,683$0$0$1,061,522
85$1,671,680$0$0$1,116,770
86$1,759,516$0$0$1,175,983
87$1,853,707$0$0$1,239,513
88$1,954,819$0$0$1,307,746
89$2,063,473$0$0$1,381,106
90$2,180,353$0$0$1,460,057
91$2,306,205$0$0$1,545,111
92$2,441,854$0$0$1,636,828
93$2,588,201$0$0$1,735,825
94$2,746,241$0$0$1,842,779
95$2,917,063$0$0$1,958,434
96$3,101,866$0$0$2,083,608
97$3,301,967$0$0$2,219,201
98$3,518,816$0$0$2,366,200
99$3,754,005$0$0$2,525,694
100$4,009,286$0$0$2,698,877