Can I retire at age 64 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,576$55,081$54,598$54,126$53,666$53,239
2 years$27,513$27,000$26,504$26,022$25,555$25,124
3 years$18,160$17,645$17,150$16,673$16,213$15,792
4 years$13,484$12,971$12,481$12,012$11,563$11,156
5 years$10,679$10,169$9,685$9,226$8,790$8,397
6 years$8,810$8,304$7,827$7,378$6,956$6,577
7 years$7,476$6,974$6,504$6,066$5,657$5,293
8 years$6,475$5,978$5,516$5,089$4,693$4,344
9 years$5,697$5,205$4,751$4,334$3,952$3,618
10 years$5,076$4,588$4,142$3,736$3,367$3,048
11 years$4,567$4,084$3,647$3,252$2,896$2,592
12 years$4,144$3,666$3,236$2,852$2,510$2,219
13 years$3,786$3,313$2,891$2,518$2,188$1,912
14 years$3,479$3,011$2,598$2,235$1,918$1,656
15 years$3,214$2,751$2,346$1,993$1,689$1,440
16 years$2,982$2,524$2,127$1,785$1,493$1,256
17 years$2,777$2,324$1,935$1,604$1,324$1,099
18 years$2,596$2,148$1,767$1,445$1,177$965
19 years$2,433$1,991$1,617$1,306$1,049$848
20 years$2,287$1,850$1,484$1,183$937$747
21 years$2,155$1,723$1,365$1,073$838$660
22 years$2,036$1,608$1,258$976$752$583
23 years$1,927$1,504$1,162$889$675$516
24 years$1,827$1,409$1,074$811$606$457
25 years$1,735$1,323$995$740$546$405
26 years$1,651$1,243$923$677$492$360
27 years$1,572$1,170$857$620$443$320
28 years$1,500$1,102$797$568$400$284
29 years$1,433$1,040$741$521$361$253
30 years$1,370$982$691$478$326$225
31 years$1,311$928$644$439$295$200
32 years$1,257$878$601$403$267$178
33 years$1,205$832$561$371$241$159
34 years$1,157$788$524$341$219$142
35 years$1,112$748$490$314$198$126
36 years$1,069$710$458$289$179$113
37 years$1,029$674$429$267$163$100
38 years$990$641$402$246$147$90
39 years$954$609$376$227$134$80
40 years$920$580$353$209$121$71
41 years$888$552$331$193$110$64
42 years$857$525$310$178$100$57
43 years$828$501$291$164$91$51
44 years$800$477$273$152$82$45
45 years$773$455$257$140$75$40
46 years$748$434$241$129$68$36
47 years$723$414$226$120$62$32
48 years$700$396$213$110$56$29
49 years$678$378$200$102$51$26
50 years$657$361$188$94$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $673,000, adding $6,793 every year, while hoping to spend $52,407 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: 64/6/30 Blend
63$673,000$673,000$673,000$673,000
64$748,653$712,984$702,552$790,163
65$769,255$692,160$670,327$798,304
66$790,202$668,558$635,266$800,859
67$811,474$641,989$597,219$802,534
68$833,046$612,248$556,028$803,252
69$854,891$579,123$511,529$802,928
70$876,976$542,386$463,552$801,472
71$899,263$501,798$411,916$798,787
72$921,707$457,106$356,434$794,767
73$944,258$408,041$296,911$789,299
74$966,858$354,320$233,144$782,263
75$989,442$295,646$164,918$773,525
76$1,011,933$231,701$92,011$762,947
77$1,034,249$162,153$14,192$750,373
78$1,056,292$86,648$0$735,641
79$1,077,955$4,815$0$740,611
80$1,099,115$0$0$749,334
81$1,119,638$0$0$762,666
82$1,139,369$0$0$775,731
83$1,158,136$0$0$788,090
84$1,175,748$0$0$799,607
85$1,191,990$0$0$810,129
86$1,206,623$0$0$819,487
87$1,219,379$0$0$827,491
88$1,229,962$0$0$833,930
89$1,238,039$0$0$838,570
90$1,243,243$0$0$841,151
91$1,245,164$0$0$841,381
92$1,243,346$0$0$838,940
93$1,237,286$0$0$833,470
94$1,226,421$0$0$824,574
95$1,210,130$0$0$811,812
96$1,187,725$0$0$794,697
97$1,158,439$0$0$772,689
98$1,121,429$0$0$745,189
99$1,075,755$0$0$711,536
100$1,020,380$0$0$670,995