Can I retire at age 64 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$53,759$53,280$52,813$52,357$51,912$50,968
2 years$26,613$26,118$25,637$25,172$24,720$23,772
3 years$17,566$17,068$16,589$16,128$15,683$14,762
4 years$13,043$12,547$12,073$11,619$11,185$10,297
5 years$10,330$9,837$9,369$8,925$8,503$7,650
6 years$8,522$8,033$7,571$7,137$6,728$5,911
7 years$7,231$6,746$6,292$5,868$5,472$4,692
8 years$6,263$5,782$5,336$4,922$4,539$3,796
9 years$5,511$5,035$4,596$4,193$3,823$3,115
10 years$4,910$4,438$4,007$3,614$3,257$2,585
11 years$4,418$3,951$3,528$3,145$2,801$2,164
12 years$4,008$3,546$3,131$2,759$2,428$1,824
13 years$3,662$3,204$2,797$2,436$2,117$1,546
14 years$3,365$2,913$2,513$2,162$1,856$1,316
15 years$3,109$2,661$2,269$1,928$1,634$1,125
16 years$2,884$2,441$2,057$1,727$1,444$965
17 years$2,686$2,248$1,872$1,551$1,280$830
18 years$2,511$2,078$1,709$1,398$1,138$715
19 years$2,354$1,925$1,564$1,263$1,015$618
20 years$2,213$1,789$1,436$1,144$906$534
21 years$2,085$1,667$1,321$1,038$811$463
22 years$1,969$1,556$1,217$944$727$401
23 years$1,864$1,455$1,124$860$653$348
24 years$1,767$1,363$1,039$784$587$303
25 years$1,678$1,279$963$716$528$263
26 years$1,597$1,202$893$655$475$229
27 years$1,521$1,132$829$599$429$199
28 years$1,451$1,066$771$549$387$174
29 years$1,386$1,006$717$504$349$151
30 years$1,325$950$668$462$316$132
31 years$1,269$898$623$424$285$115
32 years$1,216$850$581$390$258$100
33 years$1,166$805$543$359$234$88
34 years$1,119$763$507$330$211$77
35 years$1,075$723$474$304$192$67
36 years$1,034$687$443$280$174$58
37 years$995$652$415$258$157$51
38 years$958$620$389$238$143$44
39 years$923$589$364$219$129$39
40 years$890$561$341$202$117$34
41 years$859$534$320$186$106$30
42 years$829$508$300$172$97$26
43 years$800$484$282$159$88$23
44 years$773$462$264$147$80$20
45 years$748$440$248$135$72$17
46 years$723$420$233$125$66$15
47 years$700$401$219$116$60$13
48 years$677$383$206$107$54$12
49 years$656$365$193$99$49$10
50 years$636$349$182$91$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $651,000, adding $4,924 every year, while hoping to spend $43,313 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: 80/6/14 Blend
63$651,000$651,000$651,000$651,000
64$722,481$687,978$677,888$777,871
65$750,089$675,604$654,512$802,615
66$779,062$661,173$628,902$823,673
67$809,493$644,536$600,936$845,541
68$841,483$625,540$570,489$868,280
69$875,142$604,020$537,429$891,959
70$910,592$579,802$501,618$916,652
71$947,962$552,702$462,912$942,443
72$987,396$522,526$421,161$969,423
73$1,029,048$489,068$376,208$997,694
74$1,073,088$452,109$327,888$1,027,368
75$1,119,701$411,421$276,030$1,058,569
76$1,169,089$366,759$220,456$1,091,435
77$1,221,473$317,867$160,978$1,126,115
78$1,277,094$264,473$97,401$1,162,779
79$1,336,215$206,290$29,522$1,201,611
80$1,399,126$143,015$0$1,242,816
81$1,466,143$74,328$0$1,293,032
82$1,537,610$0$0$1,351,220
83$1,613,908$0$0$1,413,286
84$1,695,452$0$0$1,484,874
85$1,782,696$0$0$1,561,478
86$1,876,139$0$0$1,643,539
87$1,976,329$0$0$1,731,537
88$2,083,867$0$0$1,826,002
89$2,199,411$0$0$1,927,515
90$2,323,685$0$0$2,036,713
91$2,457,482$0$0$2,154,295
92$2,601,676$0$0$2,281,031
93$2,757,223$0$0$2,417,765
94$2,925,177$0$0$2,565,423
95$3,106,694$0$0$2,725,026
96$3,303,044$0$0$2,897,693
97$3,515,626$0$0$3,084,655
98$3,745,974$0$0$3,287,267
99$3,995,779$0$0$3,507,016
100$4,266,896$0$0$3,745,540