Can I retire at age 64 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$51,199$50,743$50,298$49,864$49,440$49,211
2 years$25,346$24,874$24,417$23,973$23,543$23,312
3 years$16,730$16,255$15,799$15,360$14,936$14,710
4 years$12,422$11,949$11,498$11,066$10,653$10,433
5 years$9,838$9,369$8,923$8,500$8,098$7,886
6 years$8,116$7,650$7,211$6,797$6,408$6,203
7 years$6,887$6,425$5,992$5,588$5,211$5,015
8 years$5,965$5,507$5,082$4,688$4,323$4,134
9 years$5,249$4,795$4,377$3,993$3,641$3,460
10 years$4,676$4,226$3,816$3,442$3,102$2,929
11 years$4,207$3,763$3,360$2,996$2,668$2,502
12 years$3,817$3,377$2,982$2,628$2,312$2,154
13 years$3,488$3,052$2,664$2,320$2,016$1,865
14 years$3,205$2,774$2,393$2,059$1,767$1,623
15 years$2,961$2,534$2,161$1,836$1,556$1,419
16 years$2,747$2,325$1,959$1,644$1,375$1,245
17 years$2,558$2,141$1,783$1,477$1,219$1,096
18 years$2,391$1,979$1,627$1,331$1,084$967
19 years$2,242$1,834$1,490$1,203$966$855
20 years$2,107$1,704$1,367$1,090$863$758
21 years$1,986$1,587$1,258$989$772$673
22 years$1,875$1,482$1,159$899$692$598
23 years$1,775$1,386$1,070$819$622$533
24 years$1,683$1,298$990$747$559$475
25 years$1,598$1,218$917$682$503$424
26 years$1,521$1,145$850$624$453$378
27 years$1,449$1,078$790$571$408$338
28 years$1,382$1,016$734$523$368$303
29 years$1,320$958$683$480$333$271
30 years$1,262$905$636$440$301$243
31 years$1,208$855$593$404$272$217
32 years$1,158$809$553$372$246$195
33 years$1,110$766$517$342$222$175
34 years$1,066$726$483$314$201$157
35 years$1,024$689$451$289$182$141
36 years$985$654$422$267$165$126
37 years$948$621$395$246$150$113
38 years$912$590$370$226$136$102
39 years$879$561$347$209$123$92
40 years$848$534$325$192$112$82
41 years$818$508$305$178$101$74
42 years$789$484$286$164$92$66
43 years$762$461$268$151$83$60
44 years$737$440$252$140$76$54
45 years$712$419$236$129$69$48
46 years$689$400$222$119$62$43
47 years$667$382$209$110$57$39
48 years$645$364$196$102$51$35
49 years$625$348$184$94$47$32
50 years$605$332$173$87$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $620,000, adding $6,654 every year, while hoping to spend $23,073 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: 60/15/25 Blend
63$620,000$620,000$620,000$620,000
64$690,104$657,244$647,634$726,518
65$735,945$664,899$644,780$759,712
66$785,688$672,156$641,057$792,842
67$839,708$678,971$636,412$828,493
68$898,415$685,298$630,789$866,916
69$962,261$691,085$624,128$908,386
70$1,031,744$696,281$616,369$953,209
71$1,107,412$700,829$607,447$1,001,720
72$1,189,866$704,667$597,294$1,054,291
73$1,279,770$707,733$585,841$1,111,332
74$1,377,852$709,958$573,013$1,173,297
75$1,484,917$711,270$558,733$1,240,683
76$1,601,848$711,592$542,920$1,314,044
77$1,729,618$710,841$525,489$1,393,988
78$1,869,299$708,932$506,353$1,481,186
79$2,022,070$705,772$485,418$1,576,381
80$2,189,230$701,264$462,588$1,680,391
81$2,372,209$695,303$437,762$1,794,119
82$2,572,581$687,780$410,834$1,918,561
83$2,792,081$678,578$381,694$2,054,819
84$3,032,619$667,574$350,226$2,204,104
85$3,296,297$654,637$316,310$2,367,757
86$3,585,433$639,627$279,820$2,547,254
87$3,902,578$622,399$240,624$2,744,226
88$4,250,541$602,797$198,586$2,960,471
89$4,632,418$580,656$153,560$3,197,973
90$5,051,619$555,803$105,399$3,458,919
91$5,511,899$528,052$53,945$3,745,725
92$6,017,396$497,210$0$4,061,052
93$6,572,667$463,070$0$4,408,096
94$7,182,733$425,414$0$4,805,212
95$7,853,125$384,012$0$5,241,616
96$8,589,936$338,621$0$5,721,297
97$9,399,879$288,983$0$6,248,654
98$10,290,349$234,826$0$6,828,533
99$11,269,496$175,864$0$7,466,277
100$12,346,297$111,793$0$8,167,773