Can I retire at age 64 with 714,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$58,961$58,436$57,924$57,424$56,935$55,649
2 years$29,189$28,645$28,118$27,608$27,112$25,823
3 years$19,266$18,720$18,194$17,688$17,201$15,950
4 years$14,305$13,761$13,241$12,744$12,268$11,064
5 years$11,330$10,789$10,275$9,788$9,326$8,172
6 years$9,347$8,810$8,304$7,828$7,379$6,277
7 years$7,931$7,399$6,901$6,436$6,001$4,951
8 years$6,870$6,342$5,852$5,399$4,979$3,980
9 years$6,044$5,522$5,041$4,598$4,193$3,245
10 years$5,385$4,867$4,395$3,964$3,572$2,675
11 years$4,845$4,333$3,869$3,450$3,072$2,223
12 years$4,396$3,889$3,434$3,026$2,662$1,861
13 years$4,016$3,515$3,068$2,671$2,322$1,566
14 years$3,691$3,195$2,756$2,371$2,035$1,323
15 years$3,409$2,918$2,489$2,115$1,792$1,123
16 years$3,163$2,678$2,256$1,894$1,584$955
17 years$2,946$2,466$2,053$1,701$1,404$815
18 years$2,754$2,279$1,874$1,533$1,249$697
19 years$2,581$2,112$1,716$1,385$1,113$597
20 years$2,427$1,962$1,575$1,255$994$512
21 years$2,287$1,828$1,448$1,139$890$440
22 years$2,160$1,706$1,335$1,035$797$378
23 years$2,044$1,596$1,233$943$716$325
24 years$1,938$1,495$1,140$860$643$280
25 years$1,841$1,403$1,056$785$579$242
26 years$1,751$1,319$979$718$521$208
27 years$1,668$1,241$909$657$470$180
28 years$1,591$1,169$845$602$424$155
29 years$1,520$1,103$787$552$383$134
30 years$1,453$1,042$733$507$346$116
31 years$1,391$985$683$466$313$100
32 years$1,333$932$637$428$283$87
33 years$1,279$883$595$393$256$75
34 years$1,227$837$556$362$232$65
35 years$1,179$793$520$333$210$56
36 years$1,134$753$486$307$190$48
37 years$1,091$715$455$283$173$42
38 years$1,051$680$426$261$156$36
39 years$1,012$646$399$240$142$31
40 years$976$615$374$222$129$27
41 years$942$585$351$205$117$24
42 years$909$557$329$189$106$20
43 years$878$531$309$174$96$18
44 years$848$506$290$161$87$15
45 years$820$483$272$149$79$13
46 years$793$461$256$137$72$11
47 years$768$440$240$127$65$10
48 years$743$420$226$117$59$9
49 years$720$401$212$108$54$7
50 years$697$383$200$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $714,000, adding $2,799 every year, while hoping to spend $31,332 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: 63/7/30 Blend
63$714,000$714,000$714,000$714,000
64$789,715$751,873$740,806$832,940
65$836,929$755,378$732,286$866,151
66$887,909$758,004$722,431$898,763
67$943,005$759,676$711,162$933,727
68$1,002,604$760,313$698,398$971,280
69$1,067,130$759,828$684,054$1,011,684
70$1,137,048$758,131$668,041$1,055,229
71$1,212,871$755,124$650,265$1,102,233
72$1,295,164$750,705$630,629$1,153,051
73$1,384,546$744,764$609,030$1,208,074
74$1,481,699$737,187$585,362$1,267,734
75$1,587,374$727,850$559,513$1,332,507
76$1,702,395$716,624$531,366$1,402,922
77$1,827,671$703,371$500,798$1,479,560
78$1,964,202$687,945$467,684$1,563,067
79$2,113,088$670,191$431,888$1,654,152
80$2,275,538$649,946$393,272$1,753,602
81$2,452,887$627,037$351,690$1,862,283
82$2,646,600$601,281$306,991$1,981,154
83$2,858,293$572,483$259,015$2,111,273
84$3,089,744$540,439$207,596$2,253,807
85$3,342,909$504,932$152,562$2,410,046
86$3,619,945$465,733$93,732$2,581,414
87$3,923,224$422,598$30,917$2,769,482
88$4,255,359$375,273$0$2,975,984
89$4,619,230$323,485$0$3,214,398
90$5,018,005$266,950$0$3,486,586
91$5,455,175$205,363$0$3,785,044
92$5,934,584$138,408$0$4,112,416
93$6,460,467$65,745$0$4,471,616
94$7,037,488$0$0$4,865,856
95$7,670,783$0$0$5,299,674
96$8,366,011$0$0$5,781,529
97$9,129,407$0$0$6,310,684
98$9,967,835$0$0$6,891,906
99$10,888,862$0$0$7,530,444
100$11,900,818$0$0$8,232,083