Can I retire at age 64 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$54,750$54,262$53,786$53,322$52,869$50,892
2 years$27,104$26,599$26,110$25,636$25,176$23,206
3 years$17,890$17,383$16,895$16,425$15,972$14,073
4 years$13,284$12,778$12,295$11,833$11,392$9,577
5 years$10,521$10,018$9,542$9,089$8,660$6,934
6 years$8,679$8,181$7,711$7,269$6,852$5,216
7 years$7,365$6,870$6,408$5,976$5,573$4,026
8 years$6,379$5,889$5,434$5,013$4,623$3,165
9 years$5,613$5,127$4,681$4,270$3,893$2,522
10 years$5,000$4,520$4,081$3,681$3,317$2,029
11 years$4,499$4,023$3,593$3,203$2,853$1,646
12 years$4,082$3,611$3,188$2,810$2,472$1,343
13 years$3,729$3,264$2,849$2,481$2,156$1,102
14 years$3,427$2,966$2,559$2,202$1,890$907
15 years$3,166$2,710$2,311$1,964$1,664$749
16 years$2,937$2,486$2,095$1,758$1,471$620
17 years$2,736$2,290$1,906$1,580$1,304$515
18 years$2,557$2,116$1,740$1,424$1,159$428
19 years$2,397$1,961$1,593$1,287$1,033$356
20 years$2,253$1,822$1,462$1,165$923$297
21 years$2,123$1,697$1,345$1,057$826$247
22 years$2,006$1,584$1,240$962$740$207
23 years$1,898$1,482$1,144$876$665$173
24 years$1,800$1,388$1,058$799$597$144
25 years$1,709$1,303$980$729$538$121
26 years$1,626$1,225$909$667$484$101
27 years$1,549$1,152$844$610$437$84
28 years$1,478$1,086$785$559$394$71
29 years$1,411$1,024$730$513$356$59
30 years$1,350$968$680$471$321$50
31 years$1,292$915$634$432$291$42
32 years$1,238$865$592$397$263$35
33 years$1,187$820$553$365$238$29
34 years$1,140$777$516$336$215$24
35 years$1,095$737$483$309$195$20
36 years$1,053$699$452$285$177$17
37 years$1,013$664$423$263$160$14
38 years$976$631$396$242$145$12
39 years$940$600$371$223$132$10
40 years$906$571$348$206$119$8
41 years$874$544$326$190$108$7
42 years$844$518$306$175$98$6
43 years$815$493$287$162$89$5
44 years$788$470$269$149$81$4
45 years$762$448$253$138$74$3
46 years$737$428$237$127$67$3
47 years$713$408$223$118$61$2
48 years$690$390$210$109$55$2
49 years$668$372$197$101$50$2
50 years$647$355$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 $663,000, adding $3,925 every year, while hoping to spend $27,027 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: 32/39/29 Blend
63$663,000$663,000$663,000$663,000
64$734,675$699,536$689,259$751,595
65$780,855$705,056$683,593$770,457
66$830,840$709,942$676,831$788,111
67$884,989$714,132$668,908$806,603
68$943,697$717,564$659,756$826,027
69$1,007,400$720,170$649,303$846,485
70$1,076,574$721,878$637,475$868,095
71$1,151,747$722,612$624,192$890,989
72$1,233,496$722,291$609,373$915,311
73$1,322,458$720,829$592,933$941,226
74$1,419,333$718,135$574,781$968,917
75$1,524,893$714,110$554,823$998,587
76$1,639,983$708,654$532,962$1,030,464
77$1,765,540$701,655$509,094$1,064,802
78$1,902,588$693,000$483,112$1,101,883
79$2,052,260$682,565$454,904$1,142,023
80$2,215,800$670,220$424,353$1,185,573
81$2,394,579$655,828$391,336$1,232,923
82$2,590,105$639,243$355,725$1,284,506
83$2,804,041$620,311$317,386$1,340,807
84$3,038,215$598,868$276,180$1,402,360
85$3,294,641$574,741$231,961$1,469,763
86$3,575,539$547,747$184,576$1,543,677
87$3,883,351$517,694$133,866$1,624,837
88$4,220,767$484,376$79,666$1,714,058
89$4,590,752$447,576$21,801$1,812,245
90$4,996,568$407,067$0$1,920,401
91$5,441,810$362,606$0$2,052,000
92$5,930,438$313,937$0$2,203,916
93$6,466,814$260,791$0$2,370,822
94$7,055,741$202,882$0$2,554,296
95$7,702,513$139,909$0$2,756,080
96$8,412,958$71,553$0$2,978,099
97$9,193,499$0$0$3,222,481
98$10,051,212$0$0$3,492,655
99$10,993,891$0$0$3,823,449
100$12,030,122$0$0$4,187,183