Can I retire at age 64 with 626,000?

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 $626,000?

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$51,694$51,234$50,785$50,346$49,918$49,687
2 years$25,591$25,115$24,653$24,205$23,771$23,537
3 years$16,891$16,413$15,952$15,508$15,081$14,853
4 years$12,542$12,065$11,609$11,173$10,756$10,534
5 years$9,934$9,459$9,009$8,582$8,176$7,962
6 years$8,195$7,724$7,281$6,863$6,470$6,263
7 years$6,954$6,487$6,050$5,642$5,262$5,063
8 years$6,023$5,560$5,131$4,733$4,365$4,174
9 years$5,299$4,841$4,419$4,032$3,676$3,493
10 years$4,721$4,267$3,853$3,475$3,132$2,957
11 years$4,248$3,799$3,392$3,025$2,694$2,526
12 years$3,854$3,410$3,010$2,653$2,334$2,174
13 years$3,521$3,081$2,690$2,342$2,036$1,883
14 years$3,236$2,801$2,417$2,079$1,784$1,639
15 years$2,989$2,559$2,182$1,854$1,571$1,433
16 years$2,773$2,348$1,978$1,660$1,389$1,257
17 years$2,583$2,162$1,800$1,492$1,231$1,106
18 years$2,414$1,998$1,643$1,344$1,095$976
19 years$2,263$1,852$1,504$1,215$976$863
20 years$2,128$1,721$1,381$1,100$872$765
21 years$2,005$1,603$1,270$998$780$679
22 years$1,894$1,496$1,170$908$699$604
23 years$1,792$1,399$1,081$827$628$538
24 years$1,699$1,311$999$754$564$479
25 years$1,614$1,230$926$689$508$428
26 years$1,535$1,156$858$630$457$382
27 years$1,463$1,088$797$576$412$341
28 years$1,395$1,025$741$528$372$305
29 years$1,333$967$690$484$336$273
30 years$1,274$914$642$444$303$245
31 years$1,220$864$599$408$274$219
32 years$1,169$817$559$375$248$197
33 years$1,121$774$522$345$225$176
34 years$1,076$733$487$317$203$158
35 years$1,034$696$456$292$184$142
36 years$994$660$426$269$167$128
37 years$957$627$399$248$151$115
38 years$921$596$374$229$137$103
39 years$888$567$350$211$124$92
40 years$856$539$328$194$113$83
41 years$826$513$308$179$102$75
42 years$797$489$289$165$93$67
43 years$770$466$271$153$84$60
44 years$744$444$254$141$76$54
45 years$719$423$239$130$69$49
46 years$695$404$224$120$63$44
47 years$673$385$211$111$57$39
48 years$651$368$198$103$52$35
49 years$631$351$186$95$47$32
50 years$611$336$175$88$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $626,000, adding $4,644 every year, while hoping to spend $47,770 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$626,000$626,000$626,000$626,000
64$694,642$661,464$651,761$712,759
65$714,669$643,049$622,768$708,347
66$735,137$622,131$591,203$698,982
67$756,042$598,536$556,929$687,966
68$777,375$572,081$519,803$675,184
69$799,127$542,573$479,677$660,515
70$821,286$509,806$436,393$643,829
71$843,834$473,564$389,790$624,990
72$866,755$433,618$339,697$603,853
73$890,024$389,726$285,937$580,265
74$913,614$341,630$228,324$554,063
75$937,495$289,062$166,665$525,075
76$961,627$231,734$100,756$493,118
77$985,970$169,346$30,388$457,998
78$1,010,472$101,577$0$419,510
79$1,035,078$28,092$0$391,269
80$1,059,721$0$0$370,145
81$1,084,329$0$0$366,942
82$1,108,818$0$0$374,771
83$1,133,091$0$0$382,467
84$1,157,042$0$0$389,987
85$1,180,550$0$0$397,281
86$1,203,479$0$0$404,296
87$1,225,676$0$0$410,971
88$1,246,970$0$0$417,238
89$1,267,168$0$0$423,021
90$1,286,055$0$0$428,235
91$1,303,393$0$0$432,787
92$1,318,914$0$0$436,570
93$1,332,318$0$0$439,468
94$1,343,275$0$0$441,351
95$1,351,413$0$0$442,072
96$1,356,322$0$0$441,471
97$1,357,545$0$0$439,371
98$1,354,572$0$0$435,571
99$1,346,841$0$0$429,852
100$1,333,726$0$0$421,970