Can I retire at age 64 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$52,933$52,462$52,002$51,553$51,114$50,103
2 years$26,205$25,717$25,244$24,785$24,340$23,325
3 years$17,296$16,806$16,334$15,880$15,442$14,456
4 years$12,843$12,354$11,887$11,441$11,014$10,063
5 years$10,172$9,686$9,225$8,787$8,372$7,461
6 years$8,391$7,909$7,455$7,027$6,625$5,753
7 years$7,120$6,642$6,195$5,778$5,388$4,555
8 years$6,167$5,694$5,254$4,847$4,470$3,677
9 years$5,426$4,957$4,525$4,128$3,764$3,010
10 years$4,834$4,370$3,945$3,559$3,207$2,492
11 years$4,350$3,890$3,473$3,097$2,758$2,080
12 years$3,947$3,491$3,083$2,717$2,390$1,749
13 years$3,606$3,155$2,754$2,398$2,084$1,479
14 years$3,314$2,868$2,474$2,129$1,827$1,256
15 years$3,061$2,620$2,234$1,899$1,609$1,070
16 years$2,840$2,404$2,026$1,700$1,422$915
17 years$2,645$2,214$1,843$1,527$1,261$785
18 years$2,472$2,046$1,683$1,377$1,121$674
19 years$2,318$1,896$1,540$1,244$999$581
20 years$2,179$1,762$1,414$1,127$892$501
21 years$2,053$1,641$1,300$1,022$799$432
22 years$1,939$1,532$1,198$930$716$374
23 years$1,835$1,433$1,107$847$643$324
24 years$1,740$1,342$1,023$772$578$280
25 years$1,653$1,260$948$705$520$243
26 years$1,572$1,184$879$645$468$211
27 years$1,498$1,114$816$590$422$183
28 years$1,429$1,050$759$541$381$159
29 years$1,365$990$706$496$344$138
30 years$1,305$935$658$455$311$120
31 years$1,249$884$613$418$281$104
32 years$1,197$837$572$384$254$91
33 years$1,148$792$534$353$230$79
34 years$1,102$751$499$325$208$69
35 years$1,059$712$467$299$189$60
36 years$1,018$676$437$276$171$52
37 years$980$642$409$254$155$45
38 years$943$610$383$234$140$39
39 years$909$580$358$216$127$34
40 years$876$552$336$199$115$30
41 years$845$526$315$184$105$26
42 years$816$500$296$169$95$23
43 years$788$477$277$156$86$20
44 years$762$455$260$144$78$17
45 years$736$433$244$133$71$15
46 years$712$414$230$123$65$13
47 years$689$395$216$114$59$11
48 years$667$377$203$105$53$10
49 years$646$360$191$97$48$9
50 years$626$344$179$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $641,000, adding $3,563 every year, while hoping to spend $45,013 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$641,000$641,000$641,000$641,000
64$710,057$676,084$666,149$745,209
65$734,590$661,319$640,571$754,973
66$760,116$644,321$612,628$760,598
67$786,689$624,935$582,193$765,822
68$814,368$602,993$549,133$770,622
69$843,214$578,321$513,310$774,971
70$873,295$550,731$474,578$778,844
71$904,682$520,028$432,788$782,216
72$937,454$486,003$387,780$785,061
73$971,693$448,437$339,390$787,354
74$1,007,492$407,097$287,446$789,071
75$1,044,948$361,736$231,767$790,188
76$1,084,167$312,096$172,166$790,681
77$1,125,265$257,901$108,446$790,530
78$1,168,365$198,861$40,402$789,714
79$1,213,604$134,671$0$788,215
80$1,261,129$65,007$0$796,327
81$1,311,098$0$0$818,200
82$1,363,687$0$0$842,334
83$1,419,084$0$0$876,819
84$1,477,494$0$0$913,202
85$1,539,143$0$0$951,624
86$1,604,275$0$0$992,241
87$1,673,156$0$0$1,035,223
88$1,746,079$0$0$1,080,756
89$1,823,361$0$0$1,129,040
90$1,905,350$0$0$1,180,299
91$1,992,427$0$0$1,234,772
92$2,085,005$0$0$1,292,726
93$2,183,542$0$0$1,354,449
94$2,288,534$0$0$1,420,258
95$2,400,527$0$0$1,490,501
96$2,520,118$0$0$1,565,559
97$2,647,961$0$0$1,645,847
98$2,784,774$0$0$1,731,824
99$2,931,344$0$0$1,823,991
100$3,088,534$0$0$1,922,897