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%15%
1 years$51,612$51,152$50,704$50,266$49,838$48,812
2 years$25,550$25,075$24,613$24,166$23,733$22,703
3 years$16,864$16,387$15,927$15,484$15,057$14,057
4 years$12,522$12,046$11,590$11,155$10,739$9,775
5 years$9,918$9,444$8,995$8,568$8,163$7,240
6 years$8,182$7,712$7,269$6,852$6,459$5,576
7 years$6,942$6,476$6,041$5,633$5,253$4,411
8 years$6,013$5,551$5,123$4,726$4,358$3,556
9 years$5,291$4,834$4,412$4,025$3,670$2,908
10 years$4,714$4,261$3,847$3,470$3,127$2,404
11 years$4,241$3,793$3,387$3,020$2,689$2,005
12 years$3,848$3,404$3,006$2,649$2,331$1,683
13 years$3,516$3,076$2,685$2,338$2,032$1,421
14 years$3,231$2,796$2,413$2,076$1,782$1,205
15 years$2,984$2,555$2,178$1,851$1,569$1,026
16 years$2,769$2,344$1,975$1,658$1,386$876
17 years$2,579$2,159$1,797$1,489$1,229$750
18 years$2,410$1,995$1,641$1,342$1,093$644
19 years$2,260$1,849$1,502$1,213$974$553
20 years$2,124$1,718$1,378$1,098$870$476
21 years$2,002$1,600$1,268$997$779$411
22 years$1,891$1,494$1,168$906$698$355
23 years$1,789$1,397$1,079$825$627$306
24 years$1,697$1,309$998$753$563$265
25 years$1,611$1,228$924$688$507$229
26 years$1,533$1,154$857$629$456$199
27 years$1,460$1,086$796$575$412$172
28 years$1,393$1,024$740$527$371$149
29 years$1,330$966$689$483$335$129
30 years$1,272$912$641$444$303$112
31 years$1,218$862$598$408$274$97
32 years$1,167$816$558$375$248$85
33 years$1,119$773$521$344$224$73
34 years$1,074$732$487$317$203$64
35 years$1,032$695$455$292$184$55
36 years$993$659$426$269$167$48
37 years$955$626$398$248$151$42
38 years$920$595$373$228$137$36
39 years$886$566$350$210$124$32
40 years$854$538$328$194$113$27
41 years$824$512$307$179$102$24
42 years$796$488$288$165$93$21
43 years$768$465$270$153$84$18
44 years$743$443$254$141$76$16
45 years$718$423$238$130$69$14
46 years$694$403$224$120$63$12
47 years$672$385$210$111$57$10
48 years$650$367$198$103$52$9
49 years$630$351$186$95$47$8
50 years$610$335$175$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $625,000, adding $2,083 every year, while hoping to spend $28,855 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: 35/36/29 Blend
63$625,000$625,000$625,000$625,000
64$690,899$657,774$648,086$708,987
65$730,669$659,303$639,096$724,281
66$773,528$659,940$628,837$738,038
67$819,762$659,611$617,236$752,333
68$869,683$658,237$604,219$767,231
69$923,634$655,734$589,704$782,812
70$981,993$652,014$573,607$799,161
71$1,045,176$646,982$555,842$816,377
72$1,113,638$640,538$536,318$834,571
73$1,187,882$632,577$514,937$853,868
74$1,268,459$622,987$491,601$874,409
75$1,355,977$611,648$466,204$896,352
76$1,451,103$598,435$438,638$919,873
77$1,554,571$583,215$408,789$945,172
78$1,667,190$565,845$376,536$972,472
79$1,789,849$546,177$341,755$1,002,021
80$1,923,526$524,052$304,316$1,034,098
81$2,069,299$499,303$264,084$1,069,015
82$2,228,351$471,753$220,914$1,107,119
83$2,401,988$441,214$174,661$1,148,799
84$2,591,647$407,489$125,167$1,194,487
85$2,798,907$370,368$72,272$1,244,665
86$3,025,509$329,630$15,807$1,299,871
87$3,273,370$285,041$0$1,360,703
88$3,544,599$236,353$0$1,441,581
89$3,841,520$183,307$0$1,535,603
90$4,166,692$125,625$0$1,638,757
91$4,522,930$63,017$0$1,752,018
92$4,913,339$0$0$1,876,466
93$5,341,336$0$0$2,015,209
94$5,810,683$0$0$2,194,820
95$6,325,527$0$0$2,391,935
96$6,890,433$0$0$2,608,313
97$7,510,429$0$0$2,845,892
98$8,191,056$0$0$3,106,807
99$8,938,416$0$0$3,393,410
100$9,759,231$0$0$3,708,293