Can I retire at age 64 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$55,245$54,753$54,273$53,805$53,347$52,812
2 years$27,349$26,840$26,346$25,868$25,403$24,864
3 years$18,052$17,540$17,048$16,574$16,117$15,591
4 years$13,404$12,894$12,406$11,940$11,495$10,986
5 years$10,616$10,109$9,628$9,171$8,738$8,247
6 years$8,758$8,255$7,781$7,334$6,914$6,442
7 years$7,431$6,932$6,466$6,030$5,623$5,171
8 years$6,437$5,942$5,484$5,058$4,665$4,232
9 years$5,664$5,174$4,723$4,309$3,929$3,514
10 years$5,045$4,560$4,118$3,714$3,347$2,952
11 years$4,540$4,060$3,625$3,232$2,879$2,502
12 years$4,119$3,644$3,217$2,835$2,495$2,136
13 years$3,763$3,293$2,874$2,503$2,175$1,834
14 years$3,458$2,993$2,583$2,222$1,907$1,583
15 years$3,195$2,734$2,332$1,982$1,679$1,372
16 years$2,964$2,509$2,114$1,774$1,484$1,193
17 years$2,761$2,311$1,924$1,594$1,316$1,040
18 years$2,580$2,135$1,756$1,437$1,170$910
19 years$2,419$1,979$1,608$1,298$1,043$797
20 years$2,274$1,839$1,475$1,176$931$700
21 years$2,143$1,713$1,357$1,067$834$615
22 years$2,024$1,599$1,251$970$747$542
23 years$1,915$1,495$1,155$884$671$478
24 years$1,816$1,401$1,068$806$603$422
25 years$1,725$1,315$989$736$542$372
26 years$1,641$1,236$917$673$489$329
27 years$1,563$1,163$852$616$441$291
28 years$1,491$1,096$792$564$397$258
29 years$1,424$1,034$737$518$359$228
30 years$1,362$976$686$475$324$202
31 years$1,304$923$640$436$293$180
32 years$1,249$873$597$401$265$159
33 years$1,198$827$558$369$240$141
34 years$1,150$784$521$339$217$125
35 years$1,105$743$487$312$197$111
36 years$1,063$706$456$288$178$99
37 years$1,022$670$426$265$162$88
38 years$985$637$399$244$147$78
39 years$949$606$374$225$133$69
40 years$915$576$351$208$121$62
41 years$882$548$329$192$109$55
42 years$852$522$308$177$99$49
43 years$823$498$289$163$90$43
44 years$795$474$272$151$82$38
45 years$768$452$255$139$74$34
46 years$743$432$240$129$67$30
47 years$719$412$225$119$61$27
48 years$696$393$212$110$56$24
49 years$674$375$199$101$50$21
50 years$653$359$187$94$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $669,000, adding $2,908 every year, while hoping to spend $50,637 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: 55/24/21 Blend
63$669,000$669,000$669,000$669,000
64$740,238$704,781$694,411$776,580
65$761,864$685,437$663,796$782,434
66$784,000$663,449$630,459$783,206
67$806,643$638,633$594,254$782,956
68$829,790$610,795$555,031$781,599
69$853,435$579,731$512,631$779,047
70$877,570$545,223$466,890$775,204
71$902,186$507,042$417,634$769,970
72$927,268$464,947$364,684$763,235
73$952,800$418,680$307,851$754,885
74$978,761$367,970$246,940$744,796
75$1,005,127$312,533$181,744$732,838
76$1,031,867$252,065$112,050$718,869
77$1,058,948$186,246$37,634$702,740
78$1,086,329$114,741$0$684,292
79$1,113,963$37,191$0$672,714
80$1,141,796$0$0$668,071
81$1,169,765$0$0$674,137
82$1,197,799$0$0$690,030
83$1,225,818$0$0$705,880
84$1,253,728$0$0$721,628
85$1,281,426$0$0$737,211
86$1,308,793$0$0$752,555
87$1,335,697$0$0$767,579
88$1,361,987$0$0$782,191
89$1,387,496$0$0$796,287
90$1,412,033$0$0$809,752
91$1,435,389$0$0$822,456
92$1,457,325$0$0$834,255
93$1,477,578$0$0$844,986
94$1,495,853$0$0$854,469
95$1,511,820$0$0$862,503
96$1,525,112$0$0$868,864
97$1,535,321$0$0$873,304
98$1,541,993$0$0$875,544
99$1,544,622$0$0$875,277
100$1,542,648$0$0$872,162