Can I retire at age 64 with 628,000?

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 $628,000?

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%
1 years$51,860$51,398$50,947$50,507$50,078$49,026
2 years$25,673$25,195$24,732$24,282$23,846$22,792
3 years$16,945$16,465$16,003$15,558$15,129$14,105
4 years$12,582$12,104$11,646$11,209$10,790$9,804
5 years$9,965$9,489$9,038$8,609$8,203$7,257
6 years$8,221$7,749$7,304$6,885$6,490$5,587
7 years$6,976$6,507$6,070$5,660$5,278$4,416
8 years$6,042$5,578$5,147$4,748$4,379$3,559
9 years$5,316$4,857$4,434$4,045$3,688$2,908
10 years$4,736$4,281$3,865$3,486$3,142$2,403
11 years$4,262$3,811$3,403$3,034$2,702$2,002
12 years$3,867$3,421$3,020$2,661$2,342$1,680
13 years$3,533$3,091$2,698$2,350$2,042$1,417
14 years$3,247$2,810$2,424$2,086$1,790$1,201
15 years$2,999$2,567$2,189$1,860$1,576$1,022
16 years$2,782$2,355$1,984$1,666$1,393$872
17 years$2,591$2,169$1,806$1,496$1,235$746
18 years$2,422$2,004$1,648$1,349$1,098$640
19 years$2,271$1,857$1,509$1,219$979$550
20 years$2,134$1,726$1,385$1,104$874$473
21 years$2,011$1,608$1,274$1,002$782$407
22 years$1,900$1,501$1,174$911$701$351
23 years$1,798$1,404$1,084$829$630$303
24 years$1,705$1,315$1,003$756$566$262
25 years$1,619$1,234$929$691$509$227
26 years$1,540$1,160$861$632$459$196
27 years$1,467$1,092$800$578$414$170
28 years$1,400$1,029$743$530$373$147
29 years$1,337$970$692$486$337$128
30 years$1,278$916$644$446$304$111
31 years$1,224$866$601$409$275$96
32 years$1,173$820$561$376$249$83
33 years$1,125$776$523$346$225$72
34 years$1,080$736$489$318$204$63
35 years$1,037$698$457$293$185$54
36 years$997$662$428$270$167$47
37 years$960$629$400$249$152$41
38 years$924$598$375$229$138$36
39 years$890$569$351$211$125$31
40 years$859$541$329$195$113$27
41 years$828$515$309$180$103$23
42 years$800$490$290$166$93$20
43 years$772$467$272$153$85$18
44 years$746$445$255$141$77$15
45 years$721$425$239$131$70$13
46 years$698$405$225$121$63$11
47 years$675$387$211$112$57$10
48 years$654$369$199$103$52$9
49 years$633$352$187$95$47$8
50 years$613$337$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 $628,000, adding $4,484 every year, while hoping to spend $37,903 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: 30/40/30 Blend
63$628,000$628,000$628,000$628,000
64$696,681$663,397$653,663$711,074
65$727,414$655,575$635,232$714,946
66$760,012$646,100$614,914$715,524
67$794,624$634,849$592,604$715,408
68$831,414$621,696$568,196$714,565
69$870,564$606,504$541,575$712,964
70$912,268$589,130$512,625$710,571
71$956,743$569,420$481,221$707,357
72$1,004,223$547,215$447,235$703,292
73$1,054,969$522,343$410,532$698,348
74$1,109,263$494,625$370,972$692,499
75$1,167,415$463,869$328,407$685,723
76$1,229,766$429,874$282,684$677,999
77$1,296,691$392,426$233,642$669,314
78$1,368,598$351,300$181,114$659,655
79$1,445,939$306,257$124,925$649,017
80$1,529,208$257,047$64,893$637,402
81$1,618,948$203,402$827$624,819
82$1,715,754$145,043$0$611,285
83$1,820,282$81,671$0$618,449
84$1,933,252$12,974$0$626,417
85$2,055,455$0$0$635,046
86$2,187,760$0$0$671,495
87$2,331,124$0$0$717,260
88$2,486,598$0$0$766,977
89$2,655,337$0$0$821,027
90$2,838,614$0$0$879,828
91$3,037,827$0$0$943,841
92$3,254,514$0$0$1,013,574
93$3,490,369$0$0$1,089,582
94$3,747,253$0$0$1,172,482
95$4,027,217$0$0$1,262,948
96$4,332,516$0$0$1,361,723
97$4,665,632$0$0$1,469,628
98$5,029,300$0$0$1,587,562
99$5,426,527$0$0$1,716,519
100$5,860,624$0$0$1,857,590