Can I retire at age 64 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$54,420$53,935$53,462$53,000$52,550$52,218
2 years$26,940$26,439$25,952$25,481$25,024$24,690
3 years$17,782$17,278$16,793$16,326$15,876$15,549
4 years$13,203$12,701$12,221$11,762$11,323$11,006
5 years$10,457$9,958$9,484$9,034$8,607$8,302
6 years$8,627$8,131$7,664$7,225$6,811$6,516
7 years$7,320$6,829$6,369$5,940$5,539$5,256
8 years$6,340$5,853$5,402$4,983$4,595$4,324
9 years$5,579$5,096$4,652$4,244$3,870$3,610
10 years$4,970$4,492$4,056$3,659$3,297$3,048
11 years$4,472$3,999$3,571$3,184$2,836$2,598
12 years$4,058$3,589$3,169$2,793$2,457$2,230
13 years$3,707$3,244$2,831$2,466$2,143$1,927
14 years$3,407$2,949$2,544$2,189$1,878$1,673
15 years$3,147$2,694$2,297$1,952$1,654$1,458
16 years$2,920$2,471$2,082$1,748$1,462$1,276
17 years$2,719$2,276$1,895$1,570$1,296$1,120
18 years$2,542$2,103$1,730$1,415$1,152$985
19 years$2,383$1,949$1,584$1,279$1,027$869
20 years$2,240$1,811$1,453$1,158$917$768
21 years$2,111$1,687$1,337$1,051$821$680
22 years$1,993$1,575$1,232$956$736$603
23 years$1,887$1,473$1,138$870$661$535
24 years$1,789$1,380$1,052$794$594$475
25 years$1,699$1,295$974$725$534$423
26 years$1,616$1,217$904$663$481$377
27 years$1,540$1,145$839$607$434$336
28 years$1,469$1,079$780$556$392$299
29 years$1,403$1,018$726$510$354$267
30 years$1,341$962$676$468$319$238
31 years$1,284$909$630$430$289$213
32 years$1,230$860$588$395$261$190
33 years$1,180$815$549$363$236$170
34 years$1,133$772$513$334$214$152
35 years$1,089$732$480$308$194$136
36 years$1,047$695$449$283$176$122
37 years$1,007$660$420$261$159$109
38 years$970$627$393$241$144$98
39 years$934$597$369$222$131$87
40 years$901$568$345$205$119$78
41 years$869$540$324$189$108$70
42 years$839$515$304$174$98$63
43 years$810$490$285$161$89$56
44 years$783$467$268$148$81$50
45 years$757$446$251$137$73$45
46 years$732$425$236$127$66$40
47 years$708$406$222$117$60$36
48 years$686$387$208$108$55$32
49 years$664$370$196$100$50$29
50 years$643$353$184$92$45$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $659,000, adding $4,292 every year, while hoping to spend $56,760 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: 33/45/22 Blend
63$659,000$659,000$659,000$659,000
64$730,645$695,718$685,504$749,704
65$744,779$669,416$648,076$738,007
66$758,452$639,923$607,492$719,949
67$771,557$607,022$563,586$699,325
68$783,975$570,486$516,185$675,944
69$795,571$530,071$465,109$649,602
70$806,197$485,522$410,167$620,081
71$815,686$436,568$351,164$587,147
72$823,850$382,925$287,893$550,553
73$830,484$324,289$220,138$510,030
74$835,357$260,343$147,676$465,294
75$838,211$190,748$70,271$416,039
76$838,763$115,148$0$361,937
77$836,695$33,169$0$305,535
78$831,656$0$0$261,351
79$823,256$0$0$240,060
80$811,063$0$0$233,757
81$794,596$0$0$225,841
82$773,326$0$0$216,118
83$746,663$0$0$204,371
84$713,955$0$0$190,361
85$674,482$0$0$173,824
86$627,446$0$0$154,467
87$571,963$0$0$131,969
88$507,057$0$0$105,970
89$431,649$0$0$76,077
90$344,544$0$0$41,852
91$244,424$0$0$2,814
92$129,831$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0