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%13.4%
1 years$58,879$58,354$57,843$57,343$56,856$56,052
2 years$29,148$28,605$28,079$27,569$27,074$26,266
3 years$19,239$18,694$18,169$17,664$17,177$16,390
4 years$14,285$13,742$13,222$12,726$12,251$11,490
5 years$11,314$10,774$10,261$9,775$9,313$8,581
6 years$9,334$8,798$8,292$7,817$7,369$6,667
7 years$7,920$7,388$6,891$6,427$5,993$5,321
8 years$6,860$6,333$5,844$5,391$4,972$4,330
9 years$6,036$5,514$5,034$4,592$4,187$3,575
10 years$5,377$4,860$4,388$3,958$3,567$2,985
11 years$4,839$4,327$3,863$3,445$3,068$2,514
12 years$4,390$3,884$3,429$3,022$2,659$2,132
13 years$4,011$3,510$3,063$2,668$2,318$1,819
14 years$3,686$3,190$2,752$2,368$2,032$1,560
15 years$3,405$2,914$2,485$2,112$1,789$1,343
16 years$3,159$2,674$2,253$1,891$1,582$1,159
17 years$2,942$2,462$2,050$1,699$1,402$1,004
18 years$2,750$2,275$1,872$1,531$1,247$872
19 years$2,578$2,109$1,713$1,384$1,111$758
20 years$2,423$1,960$1,572$1,253$993$661
21 years$2,284$1,825$1,446$1,137$888$577
22 years$2,157$1,704$1,333$1,034$796$504
23 years$2,041$1,594$1,231$942$715$441
24 years$1,935$1,493$1,138$859$642$386
25 years$1,838$1,401$1,054$784$578$338
26 years$1,749$1,317$978$717$521$297
27 years$1,666$1,239$908$656$469$261
28 years$1,589$1,168$844$601$424$229
29 years$1,518$1,102$785$552$383$201
30 years$1,451$1,040$732$506$346$177
31 years$1,389$984$682$465$312$155
32 years$1,331$931$636$427$283$137
33 years$1,277$881$594$393$256$120
34 years$1,226$835$555$361$232$106
35 years$1,178$792$519$333$210$93
36 years$1,132$752$486$306$190$82
37 years$1,090$714$454$282$172$72
38 years$1,049$679$426$260$156$64
39 years$1,011$645$399$240$142$56
40 years$975$614$374$221$128$49
41 years$940$585$350$204$117$44
42 years$908$557$329$188$106$38
43 years$877$530$308$174$96$34
44 years$847$506$290$161$87$30
45 years$819$482$272$148$79$26
46 years$792$460$255$137$72$23
47 years$766$439$240$127$65$20
48 years$742$419$225$117$59$18
49 years$719$400$212$108$54$16
50 years$696$382$199$100$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $713,000, adding $4,263 every year, while hoping to spend $36,246 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: 49/40/11 Blend
63$713,000$713,000$713,000$713,000
64$790,123$752,334$741,283$826,281
65$832,150$750,633$727,550$849,847
66$877,249$747,634$712,143$871,279
67$925,696$743,235$694,966$893,732
68$977,791$737,327$675,922$917,313
69$1,033,866$729,797$654,906$942,142
70$1,094,286$720,523$631,811$968,351
71$1,159,450$709,375$606,524$996,090
72$1,229,798$696,218$578,926$1,025,525
73$1,305,811$680,907$548,894$1,056,843
74$1,388,022$663,289$516,300$1,090,251
75$1,477,011$643,202$481,007$1,125,980
76$1,573,421$620,474$442,876$1,164,290
77$1,677,957$594,923$401,758$1,205,466
78$1,791,392$566,358$357,501$1,249,831
79$1,914,580$534,575$309,943$1,297,740
80$2,048,457$499,360$258,916$1,349,591
81$2,194,055$460,485$204,246$1,405,826
82$2,352,510$417,709$145,749$1,466,935
83$2,525,068$370,779$83,234$1,533,465
84$2,713,104$319,426$16,501$1,606,023
85$2,918,130$263,368$0$1,685,281
86$3,141,810$202,303$0$1,778,411
87$3,385,975$135,917$0$1,882,306
88$3,652,642$63,874$0$1,995,974
89$3,944,029$0$0$2,120,466
90$4,262,581$0$0$2,263,187
91$4,610,987$0$0$2,450,106
92$4,992,210$0$0$2,654,707
93$5,409,511$0$0$2,878,750
94$5,866,481$0$0$3,124,173
95$6,367,077$0$0$3,393,111
96$6,915,652$0$0$3,687,914
97$7,517,006$0$0$4,011,171
98$8,176,420$0$0$4,365,733
99$8,899,713$0$0$4,754,742
100$9,693,296$0$0$5,181,657