Can I retire at age 64 with 687,000?

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 $687,000?

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$56,732$56,226$55,733$55,252$54,782$54,529
2 years$28,085$27,562$27,055$26,564$26,087$25,831
3 years$18,537$18,012$17,506$17,020$16,551$16,300
4 years$13,764$13,241$12,740$12,262$11,804$11,561
5 years$10,901$10,381$9,887$9,418$8,973$8,738
6 years$8,993$8,477$7,990$7,532$7,100$6,874
7 years$7,631$7,119$6,640$6,192$5,774$5,557
8 years$6,610$6,102$5,631$5,195$4,790$4,581
9 years$5,816$5,313$4,850$4,425$4,034$3,834
10 years$5,181$4,683$4,228$3,814$3,437$3,245
11 years$4,662$4,169$3,723$3,319$2,956$2,772
12 years$4,230$3,742$3,304$2,912$2,562$2,386
13 years$3,864$3,382$2,952$2,570$2,234$2,066
14 years$3,552$3,074$2,652$2,282$1,958$1,799
15 years$3,281$2,808$2,394$2,035$1,724$1,572
16 years$3,044$2,576$2,171$1,822$1,524$1,379
17 years$2,835$2,373$1,975$1,637$1,351$1,214
18 years$2,649$2,192$1,803$1,475$1,201$1,071
19 years$2,484$2,032$1,651$1,333$1,071$947
20 years$2,335$1,888$1,515$1,207$956$840
21 years$2,200$1,759$1,394$1,096$856$745
22 years$2,078$1,642$1,284$996$767$663
23 years$1,967$1,535$1,186$907$689$590
24 years$1,865$1,439$1,097$828$619$526
25 years$1,771$1,350$1,016$756$557$469
26 years$1,685$1,269$942$691$502$419
27 years$1,605$1,194$875$633$452$375
28 years$1,531$1,125$813$580$408$335
29 years$1,462$1,062$757$531$369$300
30 years$1,398$1,003$705$488$333$269
31 years$1,339$948$657$448$301$241
32 years$1,283$897$613$412$272$216
33 years$1,230$849$573$379$246$194
34 years$1,181$805$535$348$223$174
35 years$1,135$763$500$321$202$156
36 years$1,091$725$468$295$183$140
37 years$1,050$688$438$272$166$126
38 years$1,011$654$410$251$150$113
39 years$974$622$384$231$136$101
40 years$939$592$360$213$124$91
41 years$906$563$338$197$112$82
42 years$875$536$317$182$102$74
43 years$845$511$297$168$92$66
44 years$816$487$279$155$84$60
45 years$789$465$262$143$76$54
46 years$763$443$246$132$69$48
47 years$739$423$231$122$63$43
48 years$715$404$217$113$57$39
49 years$692$386$204$104$52$35
50 years$671$368$192$96$47$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $687,000, adding $3,033 every year, while hoping to spend $49,128 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: 89/5/6 Blend
63$687,000$687,000$687,000$687,000
64$760,203$723,792$713,143$827,478
65$785,471$706,986$684,762$854,896
66$811,671$687,709$653,783$877,817
67$838,845$665,790$620,068$901,390
68$867,038$641,045$583,471$925,641
69$896,300$613,281$543,842$950,599
70$926,683$582,292$501,020$976,295
71$958,242$547,861$454,842$1,002,761
72$991,037$509,761$405,133$1,030,034
73$1,025,131$467,747$351,713$1,058,151
74$1,060,592$421,565$294,394$1,087,155
75$1,097,494$370,943$232,977$1,117,091
76$1,135,914$315,595$167,258$1,148,009
77$1,175,937$255,219$97,021$1,179,961
78$1,217,654$189,496$22,042$1,213,007
79$1,261,161$118,088$0$1,247,210
80$1,306,565$40,639$0$1,286,350
81$1,353,978$0$0$1,328,540
82$1,403,522$0$0$1,374,844
83$1,455,330$0$0$1,425,603
84$1,509,545$0$0$1,478,721
85$1,566,322$0$0$1,534,349
86$1,625,828$0$0$1,592,653
87$1,688,246$0$0$1,653,810
88$1,753,773$0$0$1,718,015
89$1,822,623$0$0$1,785,477
90$1,895,030$0$0$1,856,426
91$1,971,247$0$0$1,931,109
92$2,051,550$0$0$2,009,798
93$2,136,240$0$0$2,092,788
94$2,225,645$0$0$2,180,399
95$2,320,122$0$0$2,272,982
96$2,420,060$0$0$2,370,919
97$2,525,885$0$0$2,474,627
98$2,638,063$0$0$2,584,563
99$2,757,100$0$0$2,701,225
100$2,883,553$0$0$2,825,156