Can I retire at age 64 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$53,263$52,789$52,326$51,874$51,433$50,251
2 years$26,368$25,877$25,401$24,940$24,492$23,308
3 years$17,404$16,911$16,436$15,979$15,539$14,389
4 years$12,923$12,431$11,961$11,512$11,082$9,976
5 years$10,235$9,746$9,282$8,842$8,425$7,365
6 years$8,444$7,959$7,502$7,071$6,666$5,654
7 years$7,165$6,684$6,234$5,814$5,421$4,457
8 years$6,206$5,729$5,287$4,877$4,498$3,581
9 years$5,460$4,988$4,554$4,154$3,788$2,918
10 years$4,864$4,397$3,970$3,581$3,227$2,403
11 years$4,377$3,914$3,495$3,116$2,775$1,996
12 years$3,971$3,513$3,102$2,734$2,405$1,670
13 years$3,628$3,175$2,771$2,413$2,097$1,404
14 years$3,334$2,886$2,490$2,142$1,839$1,186
15 years$3,080$2,636$2,248$1,911$1,619$1,005
16 years$2,858$2,419$2,038$1,711$1,431$855
17 years$2,662$2,228$1,855$1,537$1,269$729
18 years$2,488$2,058$1,693$1,385$1,128$623
19 years$2,332$1,908$1,550$1,252$1,005$533
20 years$2,192$1,773$1,422$1,134$898$457
21 years$2,066$1,651$1,308$1,029$804$392
22 years$1,951$1,541$1,206$935$720$337
23 years$1,847$1,442$1,113$852$647$290
24 years$1,751$1,351$1,030$777$581$249
25 years$1,663$1,268$954$710$523$215
26 years$1,582$1,191$885$649$471$185
27 years$1,507$1,121$821$594$425$160
28 years$1,438$1,056$764$544$383$138
29 years$1,373$997$711$499$346$119
30 years$1,313$941$662$458$313$103
31 years$1,257$890$617$421$283$89
32 years$1,204$842$576$387$256$77
33 years$1,155$797$538$355$231$66
34 years$1,109$756$502$327$210$57
35 years$1,065$717$470$301$190$49
36 years$1,024$680$439$277$172$43
37 years$986$646$411$255$156$37
38 years$949$614$385$235$141$32
39 years$915$584$361$217$128$28
40 years$882$556$338$200$116$24
41 years$851$529$317$185$105$21
42 years$821$504$297$171$96$18
43 years$793$480$279$157$87$15
44 years$766$457$262$145$79$13
45 years$741$436$246$134$72$12
46 years$717$416$231$124$65$10
47 years$693$397$217$115$59$9
48 years$671$379$204$106$54$7
49 years$650$362$192$98$49$6
50 years$630$346$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $645,000, adding $3,813 every year, while hoping to spend $20,074 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: 62/25/13 Blend
63$645,000$645,000$645,000$645,000
64$714,723$680,538$670,541$756,575
65$766,266$692,526$671,645$797,103
66$822,394$704,428$672,114$838,690
67$883,553$716,220$671,904$883,596
68$950,234$727,873$670,972$932,143
69$1,022,978$739,360$669,270$984,687
70$1,102,381$750,647$666,749$1,041,620
71$1,189,097$761,702$663,358$1,103,374
72$1,283,847$772,488$659,043$1,170,425
73$1,387,427$782,967$653,748$1,243,298
74$1,500,709$793,096$647,413$1,322,571
75$1,624,656$802,833$639,977$1,408,882
76$1,760,328$812,130$631,374$1,502,935
77$1,908,893$820,935$621,536$1,605,503
78$2,071,636$829,196$610,393$1,717,443
79$2,249,971$836,855$597,869$1,839,695
80$2,445,457$843,851$583,887$1,973,298
81$2,659,812$850,118$568,366$2,119,397
82$2,894,926$855,587$551,219$2,279,256
83$3,152,882$860,184$532,359$2,454,264
84$3,435,974$863,831$511,690$2,645,957
85$3,746,728$866,443$489,117$2,856,026
86$4,087,928$867,933$464,536$3,086,335
87$4,462,640$868,205$437,841$3,338,941
88$4,874,242$867,159$408,921$3,616,110
89$5,326,453$864,689$377,659$3,920,341
90$5,823,375$860,682$343,933$4,254,388
91$6,369,521$855,017$307,617$4,621,289
92$6,969,867$847,568$268,578$5,024,391
93$7,629,894$838,200$226,676$5,467,386
94$8,355,641$826,769$181,767$5,954,342
95$9,153,760$813,124$133,700$6,489,744
96$10,031,581$797,105$82,316$7,078,538
97$10,997,181$778,541$27,452$7,726,175
98$12,059,456$757,253$0$8,438,664
99$13,228,212$733,049$0$9,226,943
100$14,514,249$705,728$0$10,098,345