Can I retire at age 64 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$54,585$54,099$53,624$53,161$52,709$50,598
2 years$27,022$26,519$26,031$25,558$25,100$22,999
3 years$17,836$17,330$16,844$16,375$15,924$13,900
4 years$13,244$12,740$12,258$11,798$11,357$9,426
5 years$10,489$9,988$9,513$9,062$8,634$6,799
6 years$8,653$8,156$7,688$7,247$6,831$5,095
7 years$7,342$6,849$6,389$5,958$5,556$3,917
8 years$6,360$5,871$5,418$4,998$4,609$3,067
9 years$5,596$5,112$4,666$4,257$3,882$2,433
10 years$4,985$4,506$4,068$3,670$3,307$1,949
11 years$4,486$4,011$3,582$3,194$2,844$1,574
12 years$4,070$3,600$3,179$2,801$2,465$1,278
13 years$3,718$3,254$2,840$2,473$2,149$1,043
14 years$3,417$2,958$2,552$2,195$1,884$855
15 years$3,156$2,702$2,304$1,958$1,659$702
16 years$2,928$2,479$2,089$1,753$1,466$579
17 years$2,728$2,283$1,901$1,575$1,300$478
18 years$2,549$2,109$1,735$1,420$1,156$395
19 years$2,390$1,955$1,588$1,283$1,030$327
20 years$2,247$1,817$1,458$1,162$920$271
21 years$2,117$1,692$1,341$1,054$824$225
22 years$2,000$1,580$1,236$959$738$187
23 years$1,892$1,477$1,141$873$663$155
24 years$1,794$1,384$1,055$796$596$129
25 years$1,704$1,299$977$727$536$107
26 years$1,621$1,221$906$665$483$89
27 years$1,544$1,149$842$609$435$74
28 years$1,473$1,083$783$558$393$62
29 years$1,407$1,021$728$511$355$51
30 years$1,346$965$678$469$320$43
31 years$1,288$912$632$431$290$36
32 years$1,234$863$590$396$262$30
33 years$1,184$817$551$364$237$25
34 years$1,136$774$515$335$215$21
35 years$1,092$735$481$309$194$17
36 years$1,050$697$450$284$176$14
37 years$1,010$662$421$262$160$12
38 years$973$629$395$241$145$10
39 years$937$598$370$222$131$8
40 years$904$569$346$205$119$7
41 years$872$542$325$189$108$6
42 years$842$516$305$175$98$5
43 years$813$492$286$161$89$4
44 years$785$469$268$149$81$3
45 years$759$447$252$138$73$3
46 years$734$426$237$127$67$2
47 years$711$407$222$117$60$2
48 years$688$388$209$108$55$2
49 years$666$371$196$100$50$1
50 years$645$354$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $661,000, adding $5,883 every year, while hoping to spend $23,143 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: 50/27/23 Blend
63$661,000$661,000$661,000$661,000
64$734,490$699,457$689,212$766,204
65$784,784$709,107$687,676$798,492
66$839,433$718,453$685,314$830,745
67$898,855$727,458$682,072$865,324
68$963,513$736,078$677,897$902,459
69$1,033,915$744,270$672,730$942,403
70$1,110,620$751,985$666,512$985,438
71$1,194,244$759,172$659,180$1,031,872
72$1,285,462$765,777$650,668$1,082,048
73$1,385,021$771,742$640,907$1,136,344
74$1,493,741$777,005$629,825$1,195,176
75$1,612,525$781,500$617,347$1,259,007
76$1,742,367$785,158$603,393$1,328,345
77$1,884,362$787,905$587,880$1,403,754
78$2,039,715$789,660$570,722$1,485,853
79$2,209,753$790,341$551,829$1,575,329
80$2,395,938$789,858$531,105$1,672,940
81$2,599,879$788,116$508,452$1,779,522
82$2,823,347$785,014$483,766$1,895,999
83$3,068,295$780,447$456,939$2,023,389
84$3,336,873$774,300$427,858$2,162,819
85$3,631,447$766,453$396,404$2,315,531
86$3,954,625$756,780$362,454$2,482,896
87$4,309,280$745,146$325,879$2,666,428
88$4,698,574$731,406$286,544$2,867,798
89$5,125,994$715,410$244,309$3,088,851
90$5,595,378$696,998$199,026$3,331,620
91$6,110,955$675,999$150,542$3,598,352
92$6,677,384$652,234$98,696$3,891,524
93$7,299,796$625,513$43,321$4,213,871
94$7,983,846$595,634$0$4,568,409
95$8,735,763$562,384$0$4,962,339
96$9,562,408$525,538$0$5,407,059
97$10,471,342$484,858$0$5,896,023
98$11,470,895$440,092$0$6,433,751
99$12,570,243$390,974$0$7,025,223
100$13,779,499$337,223$0$7,675,929