Can I retire at age 64 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$52,190$51,725$51,272$50,829$50,397$49,218
2 years$25,837$25,355$24,889$24,437$23,998$22,818
3 years$17,053$16,570$16,105$15,657$15,226$14,080
4 years$12,663$12,181$11,720$11,280$10,859$9,757
5 years$10,029$9,550$9,095$8,664$8,255$7,199
6 years$8,273$7,798$7,350$6,929$6,532$5,524
7 years$7,020$6,549$6,108$5,697$5,312$4,352
8 years$6,081$5,614$5,180$4,779$4,407$3,495
9 years$5,350$4,888$4,462$4,070$3,711$2,846
10 years$4,766$4,308$3,890$3,509$3,162$2,343
11 years$4,289$3,835$3,425$3,054$2,720$1,945
12 years$3,891$3,442$3,039$2,678$2,357$1,625
13 years$3,555$3,111$2,715$2,365$2,055$1,366
14 years$3,267$2,828$2,440$2,099$1,801$1,153
15 years$3,018$2,583$2,203$1,872$1,586$977
16 years$2,800$2,370$1,997$1,676$1,402$830
17 years$2,608$2,183$1,817$1,506$1,243$707
18 years$2,437$2,017$1,659$1,357$1,105$604
19 years$2,285$1,869$1,519$1,226$985$516
20 years$2,148$1,737$1,394$1,111$880$442
21 years$2,024$1,618$1,282$1,008$787$379
22 years$1,912$1,510$1,182$917$706$326
23 years$1,809$1,413$1,091$835$634$280
24 years$1,716$1,323$1,009$761$569$241
25 years$1,629$1,242$935$695$512$207
26 years$1,550$1,167$867$636$462$178
27 years$1,477$1,099$805$582$416$154
28 years$1,409$1,035$748$533$376$132
29 years$1,345$977$696$489$339$114
30 years$1,286$922$649$449$306$99
31 years$1,231$872$605$412$277$85
32 years$1,180$825$564$379$251$73
33 years$1,132$781$527$348$227$63
34 years$1,087$740$492$320$205$55
35 years$1,044$702$460$295$186$47
36 years$1,004$667$430$272$168$41
37 years$966$633$403$250$153$35
38 years$930$602$377$231$138$30
39 years$896$572$353$213$126$26
40 years$864$544$331$196$114$23
41 years$834$518$311$181$103$20
42 years$805$493$291$167$94$17
43 years$777$470$273$154$85$15
44 years$751$448$257$142$77$13
45 years$726$427$241$132$70$11
46 years$702$408$226$121$64$9
47 years$679$389$213$112$58$8
48 years$658$371$200$104$52$7
49 years$637$355$188$96$48$6
50 years$617$339$177$89$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $632,000, adding $5,995 every year, while hoping to spend $20,149 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: 58/12/30 Blend
63$632,000$632,000$632,000$632,000
64$702,648$669,152$659,356$737,306
65$752,880$680,502$660,006$773,117
66$807,560$691,733$660,002$809,529
67$867,120$702,817$659,302$848,829
68$932,038$713,727$657,860$891,302
69$1,002,836$724,429$655,628$937,264
70$1,080,091$734,892$652,557$987,064
71$1,164,437$745,079$648,595$1,041,088
72$1,256,573$754,951$643,687$1,099,759
73$1,357,268$764,468$637,775$1,163,548
74$1,467,368$773,586$630,799$1,232,969
75$1,587,806$782,258$622,697$1,308,595
76$1,719,607$790,434$613,403$1,391,054
77$1,863,903$798,061$602,847$1,481,041
78$2,021,937$805,082$590,958$1,579,321
79$2,195,079$811,436$577,661$1,686,739
80$2,384,840$817,059$562,875$1,804,229
81$2,592,881$821,882$546,519$1,932,817
82$2,821,033$825,832$528,505$2,073,638
83$3,071,312$828,832$508,744$2,227,943
84$3,345,940$830,798$487,140$2,397,112
85$3,647,362$831,644$463,596$2,582,667
86$3,978,274$831,275$438,007$2,786,286
87$4,341,643$829,593$410,266$3,009,822
88$4,740,740$826,492$380,259$3,255,315
89$5,179,167$821,862$347,869$3,525,018
90$5,660,892$815,583$312,972$3,821,414
91$6,190,286$807,529$275,440$4,147,241
92$6,772,166$797,569$235,138$4,505,519
93$7,411,838$785,561$191,926$4,899,580
94$8,115,146$771,355$145,657$5,333,093
95$8,888,533$754,792$96,178$5,810,109
96$9,739,092$735,706$43,329$6,335,093
97$10,674,642$713,918$0$6,912,967
98$11,703,797$689,241$0$7,553,343
99$12,836,045$661,476$0$8,273,094
100$14,081,845$630,411$0$9,064,994