Can I retire at age 64 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$55,163$54,671$54,192$53,724$53,267$53,021
2 years$27,308$26,800$26,307$25,829$25,365$25,116
3 years$18,025$17,514$17,022$16,549$16,093$15,849
4 years$13,384$12,875$12,388$11,923$11,478$11,241
5 years$10,600$10,094$9,613$9,158$8,725$8,497
6 years$8,745$8,242$7,769$7,323$6,904$6,684
7 years$7,420$6,922$6,456$6,021$5,615$5,403
8 years$6,427$5,933$5,475$5,051$4,658$4,454
9 years$5,655$5,166$4,716$4,302$3,923$3,728
10 years$5,038$4,554$4,111$3,709$3,342$3,155
11 years$4,533$4,054$3,620$3,228$2,874$2,696
12 years$4,113$3,639$3,212$2,831$2,491$2,320
13 years$3,758$3,288$2,870$2,499$2,172$2,009
14 years$3,453$2,989$2,579$2,219$1,904$1,749
15 years$3,190$2,730$2,328$1,979$1,677$1,529
16 years$2,959$2,505$2,111$1,772$1,482$1,341
17 years$2,756$2,307$1,921$1,592$1,314$1,180
18 years$2,576$2,132$1,753$1,435$1,168$1,042
19 years$2,415$1,976$1,605$1,296$1,041$921
20 years$2,270$1,836$1,473$1,174$930$816
21 years$2,139$1,710$1,355$1,065$832$725
22 years$2,021$1,596$1,249$969$746$644
23 years$1,912$1,493$1,153$882$670$574
24 years$1,813$1,399$1,066$805$602$511
25 years$1,722$1,313$988$735$542$456
26 years$1,638$1,234$916$672$488$408
27 years$1,561$1,161$851$615$440$364
28 years$1,489$1,094$791$564$397$326
29 years$1,422$1,032$736$517$358$292
30 years$1,360$975$685$474$324$261
31 years$1,302$922$639$436$293$234
32 years$1,247$872$596$400$265$210
33 years$1,196$826$557$368$240$188
34 years$1,148$783$520$339$217$169
35 years$1,103$742$486$312$197$152
36 years$1,061$705$455$287$178$136
37 years$1,021$669$426$265$161$122
38 years$983$636$399$244$146$110
39 years$947$605$374$225$133$99
40 years$913$575$350$207$120$89
41 years$881$548$328$191$109$80
42 years$850$522$308$177$99$72
43 years$821$497$289$163$90$64
44 years$794$474$271$151$82$58
45 years$767$452$255$139$74$52
46 years$742$431$239$128$67$47
47 years$718$411$225$119$61$42
48 years$695$393$211$110$55$38
49 years$673$375$199$101$50$34
50 years$652$358$187$94$46$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $668,000, adding $6,018 every year, while hoping to spend $44,830 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: 85/6/9 Blend
63$668,000$668,000$668,000$668,000
64$742,344$706,940$696,586$804,066
65$770,364$693,881$672,222$832,219
66$799,740$678,680$645,541$856,436
67$830,562$661,184$616,415$881,641
68$862,930$641,232$584,715$907,903
69$896,950$618,654$550,304$935,301
70$932,739$593,268$513,040$963,918
71$970,424$564,884$472,772$993,848
72$1,010,143$533,299$429,346$1,025,193
73$1,052,046$498,300$382,598$1,058,066
74$1,096,299$459,660$332,359$1,092,591
75$1,143,078$417,140$278,450$1,128,903
76$1,192,580$370,488$220,686$1,167,152
77$1,245,019$319,437$158,874$1,207,504
78$1,300,625$263,705$92,811$1,250,140
79$1,359,656$202,993$22,287$1,295,261
80$1,422,387$136,986$0$1,343,087
81$1,489,125$65,353$0$1,398,949
82$1,560,202$0$0$1,460,641
83$1,635,984$0$0$1,527,149
84$1,716,869$0$0$1,602,748
85$1,803,296$0$0$1,683,533
86$1,895,745$0$0$1,769,953
87$1,994,742$0$0$1,862,501
88$2,100,864$0$0$1,961,717
89$2,214,744$0$0$2,068,195
90$2,337,077$0$0$2,182,584
91$2,468,625$0$0$2,305,598
92$2,610,226$0$0$2,438,023
93$2,762,799$0$0$2,580,719
94$2,927,354$0$0$2,734,631
95$3,105,000$0$0$2,900,798
96$3,296,957$0$0$3,080,362
97$3,504,563$0$0$3,274,578
98$3,729,291$0$0$3,484,825
99$3,972,761$0$0$3,712,618
100$4,236,751$0$0$3,959,625