Can I retire at age 64 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,116$50,661$50,217$49,783$49,360$49,111
2 years$25,305$24,834$24,377$23,934$23,505$23,253
3 years$16,703$16,229$15,774$15,335$14,912$14,666
4 years$12,402$11,930$11,479$11,048$10,636$10,397
5 years$9,822$9,353$8,908$8,486$8,085$7,854
6 years$8,103$7,638$7,199$6,786$6,397$6,175
7 years$6,876$6,414$5,983$5,579$5,203$4,989
8 years$5,956$5,498$5,074$4,680$4,316$4,111
9 years$5,240$4,787$4,370$3,987$3,635$3,438
10 years$4,668$4,220$3,810$3,437$3,097$2,909
11 years$4,201$3,756$3,354$2,991$2,664$2,483
12 years$3,811$3,372$2,977$2,623$2,308$2,136
13 years$3,482$3,047$2,659$2,316$2,013$1,849
14 years$3,200$2,770$2,390$2,056$1,764$1,608
15 years$2,956$2,530$2,157$1,833$1,554$1,405
16 years$2,742$2,321$1,956$1,642$1,373$1,232
17 years$2,554$2,138$1,780$1,475$1,217$1,083
18 years$2,387$1,975$1,625$1,329$1,082$955
19 years$2,238$1,831$1,487$1,201$965$844
20 years$2,104$1,701$1,365$1,088$862$748
21 years$1,983$1,585$1,256$987$771$663
22 years$1,872$1,479$1,157$898$691$589
23 years$1,772$1,384$1,069$818$621$524
24 years$1,680$1,296$988$746$558$467
25 years$1,596$1,216$915$681$502$416
26 years$1,518$1,143$849$623$452$372
27 years$1,446$1,076$788$570$408$332
28 years$1,380$1,014$733$522$368$297
29 years$1,318$956$682$479$332$265
30 years$1,260$903$635$439$300$237
31 years$1,206$854$592$404$271$213
32 years$1,156$808$553$371$245$190
33 years$1,109$765$516$341$222$171
34 years$1,064$725$482$314$201$153
35 years$1,022$688$451$289$182$137
36 years$983$653$422$266$165$123
37 years$946$620$395$245$150$110
38 years$911$589$370$226$136$99
39 years$878$560$346$208$123$89
40 years$846$533$324$192$112$80
41 years$816$507$304$177$101$72
42 years$788$483$285$164$92$64
43 years$761$461$268$151$83$58
44 years$735$439$251$139$76$52
45 years$711$419$236$129$69$47
46 years$688$399$222$119$62$42
47 years$665$381$208$110$57$38
48 years$644$364$196$102$51$34
49 years$624$347$184$94$47$30
50 years$604$332$173$87$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $619,000, adding $3,355 every year, while hoping to spend $33,410 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: 25/50/25 Blend
63$619,000$619,000$619,000$619,000
64$685,599$652,792$643,197$697,256
65$719,982$649,230$629,196$703,520
66$756,752$644,375$613,607$707,141
67$796,118$638,127$596,340$710,315
68$838,308$630,381$577,303$713,027
69$883,572$621,026$556,399$715,261
70$932,186$609,946$533,528$717,007
71$984,450$597,015$508,583$718,255
72$1,040,697$582,101$481,453$718,998
73$1,101,290$565,066$452,023$719,233
74$1,166,628$545,760$420,173$718,963
75$1,237,150$524,029$385,775$718,192
76$1,313,339$499,705$348,697$716,934
77$1,395,723$472,615$308,803$715,206
78$1,484,887$442,573$265,947$713,036
79$1,581,469$409,383$219,980$710,457
80$1,686,174$372,838$170,745$707,515
81$1,799,776$332,719$118,077$704,266
82$1,923,126$288,795$61,805$700,779
83$2,057,161$240,822$1,752$697,138
84$2,202,910$188,541$0$693,443
85$2,361,507$131,680$0$706,441
86$2,534,199$69,950$0$721,224
87$2,722,357$3,048$0$737,542
88$2,927,493$0$0$755,643
89$3,151,267$0$0$813,960
90$3,395,509$0$0$879,541
91$3,662,232$0$0$951,261
92$3,953,653$0$0$1,029,731
93$4,272,212$0$0$1,115,619
94$4,620,596$0$0$1,209,666
95$5,001,762$0$0$1,312,683
96$5,418,967$0$0$1,425,566
97$5,875,800$0$0$1,549,301
98$6,376,208$0$0$1,684,975
99$6,924,541$0$0$1,833,783
100$7,525,590$0$0$1,997,044