Can I retire at age 64 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$51,612$51,152$50,704$50,266$49,838$48,535
2 years$25,550$25,075$24,613$24,166$23,733$22,428
3 years$16,864$16,387$15,927$15,484$15,057$13,793
4 years$12,522$12,046$11,590$11,155$10,739$9,524
5 years$9,918$9,444$8,995$8,568$8,163$7,002
6 years$8,182$7,712$7,269$6,852$6,459$5,352
7 years$6,942$6,476$6,041$5,633$5,253$4,200
8 years$6,013$5,551$5,123$4,726$4,358$3,359
9 years$5,291$4,834$4,412$4,025$3,670$2,723
10 years$4,714$4,261$3,847$3,470$3,127$2,232
11 years$4,241$3,793$3,387$3,020$2,689$1,845
12 years$3,848$3,404$3,006$2,649$2,331$1,535
13 years$3,516$3,076$2,685$2,338$2,032$1,284
14 years$3,231$2,796$2,413$2,076$1,782$1,078
15 years$2,984$2,555$2,178$1,851$1,569$909
16 years$2,769$2,344$1,975$1,658$1,386$769
17 years$2,579$2,159$1,797$1,489$1,229$651
18 years$2,410$1,995$1,641$1,342$1,093$553
19 years$2,260$1,849$1,502$1,213$974$471
20 years$2,124$1,718$1,378$1,098$870$401
21 years$2,002$1,600$1,268$997$779$342
22 years$1,891$1,494$1,168$906$698$292
23 years$1,789$1,397$1,079$825$627$250
24 years$1,697$1,309$998$753$563$214
25 years$1,611$1,228$924$688$507$183
26 years$1,533$1,154$857$629$456$157
27 years$1,460$1,086$796$575$412$134
28 years$1,393$1,024$740$527$371$115
29 years$1,330$966$689$483$335$99
30 years$1,272$912$641$444$303$85
31 years$1,218$862$598$408$274$72
32 years$1,167$816$558$375$248$62
33 years$1,119$773$521$344$224$53
34 years$1,074$732$487$317$203$46
35 years$1,032$695$455$292$184$39
36 years$993$659$426$269$167$34
37 years$955$626$398$248$151$29
38 years$920$595$373$228$137$25
39 years$886$566$350$210$124$21
40 years$854$538$328$194$113$18
41 years$824$512$307$179$102$16
42 years$796$488$288$165$93$14
43 years$768$465$270$153$84$12
44 years$743$443$254$141$76$10
45 years$718$423$238$130$69$9
46 years$694$403$224$120$63$7
47 years$672$385$210$111$57$6
48 years$650$367$198$103$52$5
49 years$630$351$186$95$47$5
50 years$610$335$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $625,000, adding $3,680 every year, while hoping to spend $22,333 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: 58/25/17 Blend
63$625,000$625,000$625,000$625,000
64$692,546$659,421$649,733$729,443
65$739,423$667,970$647,737$763,422
66$790,334$676,190$644,926$797,681
67$845,665$684,041$641,248$834,519
68$905,844$691,480$636,651$874,187
69$971,340$698,462$631,078$916,964
70$1,042,668$704,938$624,471$963,158
71$1,120,398$710,858$616,769$1,013,106
72$1,205,155$716,167$607,907$1,067,184
73$1,297,627$720,805$597,818$1,125,804
74$1,398,572$724,712$586,432$1,189,422
75$1,508,824$727,820$573,675$1,258,541
76$1,629,301$730,060$559,470$1,333,716
77$1,761,014$731,357$543,736$1,415,558
78$1,905,076$731,632$526,390$1,504,745
79$2,062,711$730,799$507,342$1,602,020
80$2,235,270$728,771$486,500$1,708,209
81$2,424,238$725,451$463,768$1,824,217
82$2,631,251$720,739$439,045$1,951,047
83$2,858,112$714,528$412,226$2,089,804
84$3,106,804$706,705$383,201$2,241,708
85$3,379,514$697,149$351,853$2,408,103
86$3,678,648$685,733$318,064$2,590,475
87$4,006,858$672,322$281,707$2,790,459
88$4,367,065$656,773$242,652$3,009,863
89$4,762,485$638,934$200,760$3,250,680
90$5,196,662$618,646$155,890$3,515,106
91$5,673,500$595,739$107,890$3,805,566
92$6,197,300$570,032$56,607$4,124,735
93$6,772,797$541,336$1,876$4,475,562
94$7,405,212$509,451$0$4,861,301
95$8,100,292$474,163$0$5,295,792
96$8,864,374$435,249$0$5,773,770
97$9,704,433$392,470$0$6,299,291
98$10,628,160$345,575$0$6,877,202
99$11,644,024$294,300$0$7,512,849
100$12,761,357$238,363$0$8,212,123