Can I retire at age 64 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$57,723$57,209$56,707$56,217$55,739$54,659
2 years$28,576$28,043$27,528$27,028$26,542$25,458
3 years$18,861$18,327$17,812$17,317$16,840$15,785
4 years$14,005$13,472$12,963$12,476$12,010$10,994
5 years$11,092$10,562$10,060$9,583$9,130$8,155
6 years$9,151$8,625$8,130$7,663$7,224$6,291
7 years$7,764$7,243$6,756$6,300$5,875$4,985
8 years$6,725$6,209$5,729$5,285$4,874$4,026
9 years$5,917$5,406$4,935$4,502$4,105$3,298
10 years$5,272$4,765$4,302$3,881$3,497$2,732
11 years$4,744$4,242$3,788$3,377$3,008$2,282
12 years$4,304$3,807$3,361$2,962$2,607$1,920
13 years$3,932$3,441$3,003$2,615$2,273$1,624
14 years$3,614$3,128$2,698$2,322$1,992$1,380
15 years$3,338$2,857$2,436$2,070$1,754$1,177
16 years$3,097$2,621$2,209$1,854$1,550$1,008
17 years$2,884$2,414$2,010$1,666$1,375$865
18 years$2,696$2,231$1,835$1,501$1,222$743
19 years$2,527$2,067$1,680$1,356$1,090$641
20 years$2,376$1,921$1,542$1,228$973$553
21 years$2,239$1,789$1,418$1,115$871$478
22 years$2,114$1,670$1,307$1,014$781$413
23 years$2,001$1,562$1,207$923$701$358
24 years$1,897$1,464$1,116$842$630$310
25 years$1,802$1,374$1,034$769$567$269
26 years$1,714$1,291$959$703$511$234
27 years$1,633$1,215$890$644$460$203
28 years$1,558$1,145$827$590$415$176
29 years$1,488$1,080$770$541$375$153
30 years$1,423$1,020$717$496$339$133
31 years$1,362$964$669$456$306$116
32 years$1,305$912$624$419$277$101
33 years$1,252$864$583$385$251$88
34 years$1,202$819$544$354$227$77
35 years$1,155$777$509$326$206$67
36 years$1,110$737$476$300$186$58
37 years$1,068$700$446$277$169$51
38 years$1,029$665$417$255$153$44
39 years$991$633$391$235$139$38
40 years$956$602$366$217$126$33
41 years$922$573$344$200$114$29
42 years$890$546$322$185$104$25
43 years$859$520$302$171$94$22
44 years$831$496$284$157$85$19
45 years$803$473$267$145$78$17
46 years$777$451$250$134$70$15
47 years$751$430$235$124$64$13
48 years$727$411$221$115$58$11
49 years$704$392$208$106$53$10
50 years$682$375$195$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $699,000, adding $2,105 every year, while hoping to spend $38,166 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: 52/39/9 Blend
63$699,000$699,000$699,000$699,000
64$772,469$735,422$724,588$810,759
65$810,653$730,850$708,253$832,465
66$851,452$724,774$690,092$851,766
67$895,093$717,081$670,003$871,857
68$941,825$707,650$647,880$892,822
69$991,919$696,353$623,613$914,755
70$1,045,675$683,054$597,084$937,760
71$1,103,420$667,610$568,172$961,955
72$1,165,514$649,868$536,752$987,472
73$1,232,353$629,668$502,689$1,014,460
74$1,304,370$606,839$465,846$1,043,085
75$1,382,041$581,200$426,077$1,073,533
76$1,465,891$552,560$383,233$1,106,012
77$1,556,494$520,718$337,153$1,140,753
78$1,654,483$485,459$287,674$1,178,017
79$1,760,552$446,559$234,623$1,218,094
80$1,875,465$403,777$177,820$1,261,306
81$2,000,063$356,863$117,078$1,308,016
82$2,135,269$305,549$52,199$1,358,625
83$2,282,099$249,553$0$1,413,580
84$2,441,670$188,578$0$1,475,017
85$2,615,211$122,309$0$1,547,310
86$2,804,075$50,414$0$1,626,082
87$3,009,749$0$0$1,712,040
88$3,233,872$0$0$1,817,755
89$3,478,244$0$0$1,956,676
90$3,744,850$0$0$2,108,302
91$4,035,872$0$0$2,273,883
92$4,353,713$0$0$2,454,796
93$4,701,019$0$0$2,652,554
94$5,080,702$0$0$2,868,826
95$5,495,968$0$0$3,105,447
96$5,950,348$0$0$3,364,440
97$6,447,729$0$0$3,648,031
98$6,992,392$0$0$3,958,671
99$7,589,050$0$0$4,299,061
100$8,242,897$0$0$4,672,173