Can I retire at age 64 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$51,777$51,316$50,866$50,427$49,998$48,928
2 years$25,632$25,155$24,692$24,244$23,809$22,736
3 years$16,918$16,439$15,977$15,533$15,105$14,064
4 years$12,562$12,084$11,628$11,191$10,773$9,770
5 years$9,949$9,474$9,023$8,596$8,190$7,228
6 years$8,208$7,736$7,292$6,874$6,480$5,561
7 years$6,965$6,497$6,060$5,651$5,270$4,394
8 years$6,033$5,569$5,139$4,741$4,372$3,538
9 years$5,308$4,849$4,426$4,038$3,682$2,890
10 years$4,729$4,274$3,859$3,481$3,137$2,386
11 years$4,255$3,805$3,397$3,029$2,698$1,987
12 years$3,860$3,415$3,015$2,657$2,338$1,666
13 years$3,527$3,086$2,694$2,346$2,039$1,405
14 years$3,241$2,805$2,420$2,082$1,787$1,190
15 years$2,994$2,563$2,185$1,857$1,574$1,012
16 years$2,778$2,351$1,981$1,663$1,391$863
17 years$2,587$2,165$1,803$1,494$1,233$738
18 years$2,418$2,001$1,646$1,346$1,096$632
19 years$2,267$1,854$1,507$1,217$977$542
20 years$2,131$1,723$1,383$1,102$873$466
21 years$2,008$1,605$1,272$1,000$781$402
22 years$1,897$1,498$1,172$909$700$346
23 years$1,795$1,401$1,082$828$629$299
24 years$1,702$1,313$1,001$755$565$258
25 years$1,617$1,232$927$690$508$223
26 years$1,538$1,158$860$631$458$193
27 years$1,465$1,090$798$577$413$167
28 years$1,397$1,027$742$529$373$144
29 years$1,335$969$691$485$336$125
30 years$1,276$915$643$445$304$108
31 years$1,222$865$600$409$275$94
32 years$1,171$818$560$376$249$81
33 years$1,123$775$523$346$225$70
34 years$1,078$735$488$318$204$61
35 years$1,036$697$456$293$184$53
36 years$996$661$427$270$167$46
37 years$958$628$400$248$151$40
38 years$923$597$374$229$137$35
39 years$889$568$351$211$125$30
40 years$857$540$329$195$113$26
41 years$827$514$308$180$102$23
42 years$798$490$289$166$93$20
43 years$771$466$271$153$84$17
44 years$745$445$255$141$77$15
45 years$720$424$239$130$70$13
46 years$697$404$225$121$63$11
47 years$674$386$211$111$57$10
48 years$652$368$198$103$52$8
49 years$632$352$186$95$47$7
50 years$612$336$175$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $627,000, adding $4,817 every year, while hoping to spend $21,196 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: 60/16/24 Blend
63$627,000$627,000$627,000$627,000
64$695,923$662,692$652,973$732,951
65$744,354$672,611$652,295$768,592
66$797,016$682,306$650,885$804,744
67$854,316$691,744$648,694$843,728
68$916,705$700,888$645,673$885,823
69$984,678$709,700$641,772$931,338
70$1,058,779$718,140$636,937$980,613
71$1,139,610$726,164$631,109$1,034,024
72$1,227,830$733,726$624,231$1,091,983
73$1,324,165$740,775$616,239$1,154,949
74$1,429,416$747,259$607,069$1,223,425
75$1,544,464$753,122$596,653$1,297,968
76$1,670,278$758,304$584,920$1,379,190
77$1,807,925$762,740$571,794$1,467,768
78$1,958,582$766,363$557,198$1,564,450
79$2,123,543$769,100$541,049$1,670,058
80$2,304,233$770,875$523,263$1,785,501
81$2,502,222$771,605$503,750$1,911,781
82$2,719,239$771,204$482,416$2,050,004
83$2,957,189$769,580$459,164$2,201,389
84$3,218,168$766,635$433,892$2,367,281
85$3,504,486$762,266$406,492$2,549,163
86$3,818,687$756,361$376,853$2,748,673
87$4,163,575$748,804$344,859$2,967,613
88$4,542,236$739,471$310,388$3,207,975
89$4,958,070$728,231$273,312$3,471,954
90$5,414,824$714,945$233,499$3,761,970
91$5,916,624$699,466$190,810$4,080,692
92$6,468,017$681,637$145,099$4,431,065
93$7,074,010$661,293$96,216$4,816,335
94$7,740,122$638,259$44,002$5,240,082
95$8,472,432$612,351$0$5,706,252
96$9,277,635$583,371$0$6,222,201
97$10,163,111$551,114$0$6,801,946
98$11,136,989$515,359$0$7,439,546
99$12,208,226$475,876$0$8,140,883
100$13,386,690$432,419$0$8,912,441