Can I retire at age 64 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$58,879$58,354$57,843$57,343$56,856$55,436
2 years$29,148$28,605$28,079$27,569$27,074$25,653
3 years$19,239$18,694$18,169$17,664$17,177$15,799
4 years$14,285$13,742$13,222$12,726$12,251$10,926
5 years$11,314$10,774$10,261$9,775$9,313$8,045
6 years$9,334$8,798$8,292$7,817$7,369$6,159
7 years$7,920$7,388$6,891$6,427$5,993$4,842
8 years$6,860$6,333$5,844$5,391$4,972$3,879
9 years$6,036$5,514$5,034$4,592$4,187$3,151
10 years$5,377$4,860$4,388$3,958$3,567$2,587
11 years$4,839$4,327$3,863$3,445$3,068$2,142
12 years$4,390$3,884$3,429$3,022$2,659$1,786
13 years$4,011$3,510$3,063$2,668$2,318$1,497
14 years$3,686$3,190$2,752$2,368$2,032$1,260
15 years$3,405$2,914$2,485$2,112$1,789$1,064
16 years$3,159$2,674$2,253$1,891$1,582$902
17 years$2,942$2,462$2,050$1,699$1,402$766
18 years$2,750$2,275$1,872$1,531$1,247$652
19 years$2,578$2,109$1,713$1,384$1,111$556
20 years$2,423$1,960$1,572$1,253$993$475
21 years$2,284$1,825$1,446$1,137$888$406
22 years$2,157$1,704$1,333$1,034$796$347
23 years$2,041$1,594$1,231$942$715$298
24 years$1,935$1,493$1,138$859$642$255
25 years$1,838$1,401$1,054$784$578$219
26 years$1,749$1,317$978$717$521$188
27 years$1,666$1,239$908$656$469$161
28 years$1,589$1,168$844$601$424$139
29 years$1,518$1,102$785$552$383$119
30 years$1,451$1,040$732$506$346$102
31 years$1,389$984$682$465$312$88
32 years$1,331$931$636$427$283$76
33 years$1,277$881$594$393$256$65
34 years$1,226$835$555$361$232$56
35 years$1,178$792$519$333$210$48
36 years$1,132$752$486$306$190$42
37 years$1,090$714$454$282$172$36
38 years$1,049$679$426$260$156$31
39 years$1,011$645$399$240$142$27
40 years$975$614$374$221$128$23
41 years$940$585$350$204$117$20
42 years$908$557$329$188$106$17
43 years$877$530$308$174$96$15
44 years$847$506$290$161$87$13
45 years$819$482$272$148$79$11
46 years$792$460$255$137$72$9
47 years$766$439$240$127$65$8
48 years$742$419$225$117$59$7
49 years$719$400$212$108$54$6
50 years$696$382$199$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $713,000, adding $4,854 every year, while hoping to spend $36,507 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: 73/13/14 Blend
63$713,000$713,000$713,000$713,000
64$790,733$752,944$741,892$845,708
65$832,544$750,995$727,903$880,804
66$877,397$747,727$712,221$914,276
67$925,563$743,037$694,751$949,964
68$977,340$736,815$675,395$988,079
69$1,033,055$728,945$654,047$1,028,852
70$1,093,068$719,305$630,599$1,072,541
71$1,157,773$707,763$604,936$1,119,429
72$1,227,605$694,182$576,940$1,169,829
73$1,303,039$678,416$546,486$1,224,087
74$1,384,599$660,308$513,444$1,282,582
75$1,472,861$639,696$477,677$1,345,738
76$1,568,457$616,406$439,044$1,414,018
77$1,672,083$590,253$397,395$1,487,935
78$1,784,504$561,044$352,576$1,568,057
79$1,906,560$528,572$304,424$1,655,008
80$2,039,177$492,620$252,770$1,749,478
81$2,183,373$452,958$197,438$1,852,230
82$2,340,267$409,343$138,242$1,964,104
83$2,511,091$361,518$74,990$2,086,028
84$2,697,201$309,211$7,481$2,219,028
85$2,900,089$252,135$0$2,364,234
86$3,121,396$189,988$0$2,532,539
87$3,362,929$122,448$0$2,717,493
88$3,626,679$49,179$0$2,919,534
89$3,914,833$0$0$3,140,373
90$4,229,804$0$0$3,386,216
91$4,574,245$0$0$3,662,785
92$4,951,078$0$0$3,965,397
93$5,363,522$0$0$4,296,638
94$5,815,119$0$0$4,659,360
95$6,309,771$0$0$5,056,700
96$6,851,775$0$0$5,492,114
97$7,445,864$0$0$5,969,409
98$8,097,249$0$0$6,492,776
99$8,811,670$0$0$7,066,833
100$9,595,449$0$0$7,696,666