Can I retire at age 64 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$58,961$58,436$57,924$57,424$56,935$55,312
2 years$29,189$28,645$28,118$27,608$27,112$25,490
3 years$19,266$18,720$18,194$17,688$17,201$15,630
4 years$14,305$13,761$13,241$12,744$12,268$10,760
5 years$11,330$10,789$10,275$9,788$9,326$7,886
6 years$9,347$8,810$8,304$7,828$7,379$6,008
7 years$7,931$7,399$6,901$6,436$6,001$4,699
8 years$6,870$6,342$5,852$5,399$4,979$3,744
9 years$6,044$5,522$5,041$4,598$4,193$3,025
10 years$5,385$4,867$4,395$3,964$3,572$2,470
11 years$4,845$4,333$3,869$3,450$3,072$2,034
12 years$4,396$3,889$3,434$3,026$2,662$1,685
13 years$4,016$3,515$3,068$2,671$2,322$1,404
14 years$3,691$3,195$2,756$2,371$2,035$1,174
15 years$3,409$2,918$2,489$2,115$1,792$986
16 years$3,163$2,678$2,256$1,894$1,584$830
17 years$2,946$2,466$2,053$1,701$1,404$700
18 years$2,754$2,279$1,874$1,533$1,249$592
19 years$2,581$2,112$1,716$1,385$1,113$502
20 years$2,427$1,962$1,575$1,255$994$425
21 years$2,287$1,828$1,448$1,139$890$361
22 years$2,160$1,706$1,335$1,035$797$307
23 years$2,044$1,596$1,233$943$716$261
24 years$1,938$1,495$1,140$860$643$222
25 years$1,841$1,403$1,056$785$579$189
26 years$1,751$1,319$979$718$521$161
27 years$1,668$1,241$909$657$470$138
28 years$1,591$1,169$845$602$424$117
29 years$1,520$1,103$787$552$383$100
30 years$1,453$1,042$733$507$346$85
31 years$1,391$985$683$466$313$73
32 years$1,333$932$637$428$283$62
33 years$1,279$883$595$393$256$53
34 years$1,227$837$556$362$232$45
35 years$1,179$793$520$333$210$39
36 years$1,134$753$486$307$190$33
37 years$1,091$715$455$283$173$28
38 years$1,051$680$426$261$156$24
39 years$1,012$646$399$240$142$21
40 years$976$615$374$222$129$18
41 years$942$585$351$205$117$15
42 years$909$557$329$189$106$13
43 years$878$531$309$174$96$11
44 years$848$506$290$161$87$9
45 years$820$483$272$149$79$8
46 years$793$461$256$137$72$7
47 years$768$440$240$127$65$6
48 years$743$420$226$117$59$5
49 years$720$401$212$108$54$4
50 years$697$383$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $714,000, adding $3,055 every year, while hoping to spend $42,638 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: 78/17/5 Blend
63$714,000$714,000$714,000$714,000
64$789,979$752,137$741,070$851,176
65$825,191$743,625$720,530$883,208
66$862,565$733,268$697,872$912,443
67$902,276$720,928$672,981$943,223
68$944,519$706,463$645,736$975,682
69$989,501$689,722$616,009$1,009,966
70$1,037,454$670,542$583,669$1,046,237
71$1,088,629$648,753$548,577$1,084,676
72$1,143,303$624,176$510,588$1,125,480
73$1,201,778$596,619$469,551$1,168,867
74$1,264,386$565,879$425,308$1,215,078
75$1,331,491$531,745$377,693$1,264,380
76$1,403,492$493,989$326,534$1,317,067
77$1,480,826$452,374$271,652$1,373,464
78$1,563,976$406,645$212,858$1,433,929
79$1,653,468$356,538$149,955$1,498,858
80$1,749,883$301,769$82,739$1,568,689
81$1,853,856$242,040$10,996$1,643,906
82$1,966,087$177,038$0$1,725,041
83$2,087,345$106,430$0$1,816,182
84$2,218,473$29,864$0$1,915,335
85$2,360,401$0$0$2,022,646
86$2,514,148$0$0$2,148,841
87$2,680,836$0$0$2,291,734
88$2,861,699$0$0$2,446,800
89$3,058,094$0$0$2,615,203
90$3,271,513$0$0$2,798,227
91$3,503,597$0$0$2,997,282
92$3,756,154$0$0$3,213,920
93$4,031,169$0$0$3,449,849
94$4,330,831$0$0$3,706,948
95$4,657,545$0$0$3,987,285
96$5,013,961$0$0$4,293,137
97$5,402,994$0$0$4,627,009
98$5,827,853$0$0$4,991,659
99$6,292,070$0$0$5,390,123
100$6,799,536$0$0$5,825,744