Can I retire at age 64 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$55,906$55,408$54,922$54,448$53,985$53,399
2 years$27,676$27,161$26,661$26,177$25,707$25,117
3 years$18,268$17,750$17,252$16,772$16,310$15,734
4 years$13,564$13,048$12,555$12,083$11,632$11,075
5 years$10,743$10,230$9,743$9,281$8,843$8,306
6 years$8,863$8,353$7,874$7,422$6,997$6,481
7 years$7,520$7,015$6,543$6,102$5,690$5,196
8 years$6,514$6,013$5,549$5,119$4,721$4,247
9 years$5,731$5,236$4,779$4,360$3,975$3,523
10 years$5,106$4,615$4,167$3,759$3,387$2,956
11 years$4,594$4,108$3,668$3,271$2,913$2,502
12 years$4,168$3,688$3,256$2,869$2,525$2,133
13 years$3,808$3,332$2,909$2,533$2,201$1,830
14 years$3,500$3,029$2,613$2,249$1,930$1,577
15 years$3,233$2,767$2,360$2,005$1,699$1,365
16 years$2,999$2,539$2,139$1,796$1,502$1,185
17 years$2,794$2,338$1,947$1,613$1,331$1,032
18 years$2,611$2,161$1,777$1,454$1,184$901
19 years$2,448$2,002$1,627$1,314$1,055$788
20 years$2,301$1,861$1,493$1,190$943$691
21 years$2,168$1,733$1,373$1,080$843$607
22 years$2,048$1,618$1,266$982$756$534
23 years$1,938$1,513$1,169$894$679$470
24 years$1,838$1,418$1,081$816$610$414
25 years$1,745$1,330$1,001$745$549$365
26 years$1,660$1,250$928$681$494$322
27 years$1,582$1,177$862$623$446$285
28 years$1,509$1,109$801$571$402$252
29 years$1,441$1,046$746$524$363$223
30 years$1,378$988$695$481$328$197
31 years$1,319$934$648$441$297$174
32 years$1,264$884$604$406$268$154
33 years$1,212$837$564$373$243$137
34 years$1,164$793$527$343$220$121
35 years$1,118$752$493$316$199$107
36 years$1,075$714$461$291$180$95
37 years$1,035$678$432$268$164$84
38 years$996$645$404$247$148$75
39 years$960$613$379$228$134$66
40 years$926$583$355$210$122$59
41 years$893$555$333$194$111$52
42 years$862$529$312$179$100$46
43 years$832$504$293$165$91$41
44 years$804$480$275$153$83$37
45 years$778$458$258$141$75$32
46 years$752$437$242$130$68$29
47 years$728$417$228$120$62$26
48 years$705$398$214$111$56$23
49 years$682$380$201$103$51$20
50 years$661$363$189$95$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $677,000, adding $3,491 every year, while hoping to spend $53,571 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: 77/15/8 Blend
63$677,000$677,000$677,000$677,000
64$749,655$713,774$703,280$806,253
65$769,121$691,750$669,841$821,907
66$788,776$666,851$633,486$831,821
67$808,585$638,880$594,061$841,133
68$828,504$607,628$551,406$849,760
69$848,483$572,874$505,350$857,611
70$868,469$534,385$455,719$864,590
71$888,396$491,913$402,329$870,587
72$908,192$445,197$344,987$875,485
73$927,778$393,962$283,494$879,156
74$947,060$337,914$217,640$881,457
75$965,935$276,747$147,206$882,235
76$984,287$210,135$71,964$881,322
77$1,001,985$137,732$0$878,533
78$1,018,884$59,177$0$874,378
79$1,034,819$0$0$874,526
80$1,049,608$0$0$876,888
81$1,063,047$0$0$887,858
82$1,074,907$0$0$897,475
83$1,084,935$0$0$905,523
84$1,092,848$0$0$911,762
85$1,098,331$0$0$915,925
86$1,101,035$0$0$917,714
87$1,100,571$0$0$916,799
88$1,096,508$0$0$912,813
89$1,088,366$0$0$905,349
90$1,075,614$0$0$893,956
91$1,057,663$0$0$878,133
92$1,033,859$0$0$857,326
93$1,003,479$0$0$830,919
94$965,722$0$0$798,232
95$919,700$0$0$758,512
96$864,431$0$0$710,925
97$798,828$0$0$654,547
98$721,691$0$0$588,359
99$631,688$0$0$511,232
100$527,352$0$0$421,918