Can I retire at age 64 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$55,411$54,917$54,435$53,965$53,506$52,362
2 years$27,431$26,920$26,425$25,945$25,479$24,332
3 years$18,106$17,593$17,099$16,623$16,165$15,050
4 years$13,444$12,932$12,443$11,976$11,529$10,456
5 years$10,648$10,139$9,657$9,199$8,764$7,735
6 years$8,784$8,279$7,804$7,356$6,935$5,952
7 years$7,453$6,953$6,485$6,048$5,640$4,702
8 years$6,456$5,960$5,500$5,074$4,679$3,787
9 years$5,680$5,189$4,737$4,322$3,940$3,093
10 years$5,060$4,574$4,130$3,725$3,357$2,554
11 years$4,554$4,072$3,636$3,242$2,887$2,127
12 years$4,131$3,655$3,227$2,844$2,502$1,783
13 years$3,774$3,303$2,883$2,511$2,182$1,504
14 years$3,469$3,002$2,590$2,229$1,913$1,273
15 years$3,204$2,743$2,339$1,988$1,684$1,083
16 years$2,973$2,516$2,120$1,780$1,488$923
17 years$2,769$2,317$1,929$1,599$1,320$789
18 years$2,588$2,141$1,761$1,441$1,173$676
19 years$2,426$1,985$1,612$1,302$1,046$581
20 years$2,281$1,844$1,480$1,179$934$499
21 years$2,149$1,718$1,361$1,070$836$430
22 years$2,030$1,604$1,254$973$749$370
23 years$1,921$1,500$1,158$886$673$320
24 years$1,821$1,405$1,071$808$605$276
25 years$1,730$1,319$992$738$544$238
26 years$1,646$1,239$920$675$490$206
27 years$1,568$1,166$854$618$442$178
28 years$1,496$1,099$794$566$399$154
29 years$1,428$1,037$739$519$360$134
30 years$1,366$979$689$476$325$116
31 years$1,307$926$642$438$294$100
32 years$1,253$876$599$402$266$87
33 years$1,202$829$559$370$241$75
34 years$1,154$786$522$340$218$65
35 years$1,108$746$488$313$197$57
36 years$1,066$708$457$288$179$49
37 years$1,025$672$428$266$162$43
38 years$987$639$401$245$147$37
39 years$951$607$375$226$133$32
40 years$917$578$352$208$121$28
41 years$885$550$330$192$110$24
42 years$854$524$309$177$100$21
43 years$825$499$290$164$90$18
44 years$797$476$273$151$82$16
45 years$771$454$256$140$74$14
46 years$745$433$240$129$68$12
47 years$721$413$226$119$61$10
48 years$698$394$212$110$56$9
49 years$676$377$199$102$51$8
50 years$655$360$187$94$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $671,000, adding $2,091 every year, while hoping to spend $49,738 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: 44/45/11 Blend
63$671,000$671,000$671,000$671,000
64$741,599$706,036$695,635$771,802
65$764,321$687,711$666,018$774,691
66$787,694$666,821$633,742$772,611
67$811,731$643,188$598,665$769,244
68$836,447$616,623$560,639$764,491
69$861,854$586,927$519,510$758,246
70$887,965$553,888$475,116$750,397
71$914,793$517,284$427,288$740,827
72$942,350$476,879$375,850$729,409
73$970,646$432,422$320,617$716,011
74$999,692$383,651$261,398$700,490
75$1,029,497$330,286$197,991$682,698
76$1,060,068$272,033$130,187$662,476
77$1,091,414$208,581$57,766$639,655
78$1,123,538$139,602$0$614,056
79$1,156,443$64,747$0$587,781
80$1,190,132$0$0$565,724
81$1,224,603$0$0$549,010
82$1,259,851$0$0$564,690
83$1,295,870$0$0$580,701
84$1,332,651$0$0$597,034
85$1,370,177$0$0$613,682
86$1,408,432$0$0$630,634
87$1,447,391$0$0$647,878
88$1,487,026$0$0$665,397
89$1,527,302$0$0$683,173
90$1,568,177$0$0$701,185
91$1,609,602$0$0$719,407
92$1,651,518$0$0$737,808
93$1,693,858$0$0$756,354
94$1,736,544$0$0$775,005
95$1,779,487$0$0$793,716
96$1,822,583$0$0$812,435
97$1,865,714$0$0$831,103
98$1,908,748$0$0$849,653
99$1,951,532$0$0$868,008
100$1,993,896$0$0$886,084