Can I retire at age 64 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$53,676$53,198$52,732$52,276$51,832$50,193
2 years$26,572$26,078$25,598$25,133$24,682$23,045
3 years$17,539$17,042$16,564$16,103$15,659$14,077
4 years$13,023$12,528$12,054$11,601$11,168$9,652
5 years$10,314$9,822$9,354$8,911$8,490$7,044
6 years$8,509$8,020$7,560$7,126$6,718$5,343
7 years$7,220$6,735$6,282$5,859$5,463$4,160
8 years$6,254$5,773$5,328$4,915$4,532$3,299
9 years$5,503$5,027$4,589$4,186$3,817$2,653
10 years$4,902$4,431$4,001$3,609$3,252$2,155
11 years$4,411$3,945$3,522$3,141$2,797$1,765
12 years$4,002$3,540$3,126$2,755$2,424$1,455
13 years$3,656$3,200$2,793$2,432$2,114$1,205
14 years$3,360$2,908$2,509$2,159$1,853$1,003
15 years$3,104$2,657$2,266$1,925$1,631$837
16 years$2,880$2,438$2,054$1,724$1,442$701
17 years$2,682$2,245$1,869$1,549$1,278$588
18 years$2,507$2,074$1,706$1,396$1,137$494
19 years$2,350$1,923$1,562$1,261$1,013$416
20 years$2,209$1,786$1,433$1,142$905$351
21 years$2,082$1,664$1,319$1,037$810$296
22 years$1,966$1,553$1,215$943$726$250
23 years$1,861$1,453$1,122$858$652$211
24 years$1,764$1,361$1,038$783$586$179
25 years$1,676$1,277$961$715$527$151
26 years$1,594$1,201$891$654$475$128
27 years$1,519$1,130$828$598$428$108
28 years$1,449$1,065$769$548$386$92
29 years$1,384$1,004$716$503$349$78
30 years$1,323$949$667$461$315$66
31 years$1,267$897$622$424$285$56
32 years$1,214$848$580$390$258$48
33 years$1,164$803$542$358$233$40
34 years$1,117$762$506$330$211$34
35 years$1,074$722$473$303$191$29
36 years$1,032$686$443$279$173$25
37 years$993$651$414$257$157$21
38 years$957$619$388$237$142$18
39 years$922$588$364$219$129$15
40 years$889$560$341$202$117$13
41 years$857$533$319$186$106$11
42 years$828$508$300$172$96$9
43 years$799$484$281$159$87$8
44 years$772$461$264$146$79$7
45 years$747$440$248$135$72$6
46 years$722$419$233$125$65$5
47 years$699$400$219$115$59$4
48 years$676$382$206$107$54$3
49 years$655$365$193$99$49$3
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $650,000, adding $6,154 every year, while hoping to spend $51,608 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: 66/25/9 Blend
63$650,000$650,000$650,000$650,000
64$722,648$688,198$678,123$768,627
65$741,447$667,009$645,929$778,809
66$760,435$643,052$610,928$783,223
67$779,575$616,137$572,970$786,702
68$798,827$586,063$531,899$789,149
69$818,144$552,618$487,555$790,460
70$837,474$515,575$439,767$790,521
71$856,755$474,697$388,358$789,209
72$875,919$429,732$333,144$786,393
73$894,890$380,416$273,930$781,927
74$913,578$326,466$210,517$775,655
75$931,886$267,586$142,692$767,410
76$949,703$203,462$70,237$757,007
77$966,904$133,763$0$744,249
78$983,350$58,140$0$729,600
79$998,886$0$0$719,390
80$1,013,335$0$0$713,177
81$1,026,504$0$0$722,004
82$1,038,176$0$0$729,718
83$1,048,107$0$0$736,142
84$1,056,029$0$0$741,080
85$1,061,640$0$0$744,311
86$1,064,608$0$0$745,592
87$1,064,561$0$0$744,653
88$1,061,087$0$0$741,193
89$1,053,728$0$0$734,879
90$1,041,979$0$0$725,340
91$1,025,274$0$0$712,167
92$1,002,992$0$0$694,904
93$974,441$0$0$673,049
94$938,856$0$0$646,043
95$895,390$0$0$613,270
96$843,104$0$0$574,045
97$780,961$0$0$527,614
98$707,813$0$0$473,140
99$622,391$0$0$409,698
100$523,290$0$0$336,266