Can I retire at age 64 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,594$53,116$52,651$52,196$51,752$51,491
2 years$26,532$26,037$25,559$25,094$24,644$24,380
3 years$17,512$17,016$16,538$16,078$15,635$15,377
4 years$13,003$12,508$12,035$11,583$11,151$10,901
5 years$10,299$9,807$9,340$8,897$8,477$8,235
6 years$8,496$8,008$7,548$7,115$6,707$6,474
7 years$7,209$6,725$6,273$5,850$5,455$5,231
8 years$6,244$5,765$5,320$4,907$4,525$4,310
9 years$5,494$5,019$4,582$4,180$3,811$3,605
10 years$4,895$4,424$3,994$3,603$3,247$3,050
11 years$4,404$3,939$3,517$3,136$2,793$2,604
12 years$3,996$3,535$3,121$2,750$2,420$2,240
13 years$3,651$3,195$2,788$2,428$2,110$1,938
14 years$3,355$2,904$2,505$2,156$1,850$1,686
15 years$3,099$2,653$2,262$1,922$1,629$1,473
16 years$2,875$2,434$2,051$1,721$1,440$1,291
17 years$2,678$2,241$1,866$1,547$1,276$1,136
18 years$2,503$2,071$1,704$1,394$1,135$1,001
19 years$2,346$1,920$1,560$1,259$1,012$885
20 years$2,206$1,784$1,431$1,141$904$784
21 years$2,079$1,661$1,317$1,035$809$695
22 years$1,963$1,551$1,213$941$725$618
23 years$1,858$1,451$1,120$857$651$550
24 years$1,762$1,359$1,036$782$585$490
25 years$1,673$1,275$960$714$526$437
26 years$1,592$1,199$890$653$474$390
27 years$1,516$1,128$826$598$427$348
28 years$1,446$1,063$768$547$386$311
29 years$1,382$1,003$715$502$348$278
30 years$1,321$947$666$461$315$249
31 years$1,265$895$621$423$284$223
32 years$1,212$847$579$389$257$200
33 years$1,162$802$541$358$233$179
34 years$1,116$760$505$329$211$160
35 years$1,072$721$472$303$191$144
36 years$1,031$685$442$279$173$129
37 years$992$650$414$257$157$116
38 years$955$618$387$237$142$104
39 years$920$588$363$218$129$93
40 years$887$559$340$201$117$84
41 years$856$532$319$186$106$75
42 years$826$507$299$172$96$68
43 years$798$483$281$158$87$61
44 years$771$460$264$146$79$55
45 years$745$439$247$135$72$49
46 years$721$419$232$125$65$44
47 years$698$400$218$115$59$40
48 years$675$381$205$106$54$36
49 years$654$364$193$98$49$32
50 years$634$348$181$91$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $649,000, adding $6,807 every year, while hoping to spend $37,542 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: 85/7/8 Blend
63$649,000$649,000$649,000$649,000
64$722,219$687,822$677,763$782,396
65$755,941$681,581$660,524$816,458
66$791,845$673,776$641,448$848,055
67$830,112$664,291$620,436$881,587
68$870,945$653,002$597,382$917,224
69$914,561$639,778$572,174$955,152
70$961,201$624,483$544,697$995,578
71$1,011,130$606,969$514,830$1,038,727
72$1,064,635$587,081$482,448$1,084,848
73$1,122,035$564,655$447,417$1,134,217
74$1,183,677$539,517$409,600$1,187,134
75$1,249,944$511,485$368,852$1,243,933
76$1,321,253$480,363$325,024$1,304,979
77$1,398,067$445,946$277,958$1,370,675
78$1,480,890$408,017$227,490$1,441,467
79$1,570,277$366,347$173,448$1,517,843
80$1,666,840$320,693$115,653$1,600,343
81$1,771,249$270,798$53,918$1,689,561
82$1,884,240$216,391$0$1,786,150
83$2,006,625$157,187$0$1,891,855
84$2,139,295$92,883$0$2,011,427
85$2,283,228$23,159$0$2,141,153
86$2,439,503$0$0$2,282,017
87$2,609,305$0$0$2,439,134
88$2,793,937$0$0$2,611,921
89$2,994,834$0$0$2,799,938
90$3,213,574$0$0$3,004,664
91$3,451,892$0$0$3,227,724
92$3,711,702$0$0$3,470,909
93$3,995,105$0$0$3,736,189
94$4,304,416$0$0$4,025,731
95$4,642,184$0$0$4,341,923
96$5,011,215$0$0$4,687,392
97$5,414,595$0$0$5,065,030
98$5,855,726$0$0$5,478,022
99$6,338,351$0$0$5,929,875
100$6,866,591$0$0$6,424,449