Can I retire at age 64 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$59,044$58,518$58,005$57,504$57,015$55,345
2 years$29,230$28,685$28,158$27,646$27,150$25,481
3 years$19,293$18,746$18,220$17,713$17,225$15,610
4 years$14,325$13,780$13,259$12,761$12,285$10,735
5 years$11,346$10,804$10,290$9,802$9,339$7,859
6 years$9,360$8,822$8,316$7,839$7,390$5,981
7 years$7,942$7,409$6,910$6,445$6,010$4,672
8 years$6,879$6,351$5,861$5,406$4,986$3,719
9 years$6,053$5,530$5,048$4,605$4,199$3,001
10 years$5,392$4,874$4,401$3,969$3,577$2,447
11 years$4,852$4,339$3,874$3,455$3,077$2,012
12 years$4,402$3,895$3,438$3,030$2,666$1,665
13 years$4,022$3,519$3,072$2,675$2,325$1,385
14 years$3,696$3,199$2,760$2,375$2,038$1,157
15 years$3,414$2,922$2,492$2,118$1,794$970
16 years$3,168$2,681$2,259$1,896$1,586$816
17 years$2,950$2,469$2,056$1,704$1,406$687
18 years$2,757$2,282$1,877$1,535$1,250$580
19 years$2,585$2,115$1,718$1,387$1,114$491
20 years$2,430$1,965$1,577$1,257$995$416
21 years$2,290$1,830$1,450$1,140$891$352
22 years$2,163$1,709$1,337$1,037$799$299
23 years$2,047$1,598$1,234$944$717$254
24 years$1,941$1,497$1,141$861$644$216
25 years$1,843$1,405$1,057$787$580$184
26 years$1,754$1,321$981$719$522$156
27 years$1,671$1,243$911$658$471$133
28 years$1,594$1,171$846$603$425$113
29 years$1,522$1,105$788$553$384$96
30 years$1,455$1,043$734$508$347$82
31 years$1,393$986$684$466$313$70
32 years$1,335$933$638$428$283$60
33 years$1,280$884$596$394$257$51
34 years$1,229$838$557$363$232$43
35 years$1,181$795$521$334$210$37
36 years$1,136$754$487$307$191$32
37 years$1,093$716$456$283$173$27
38 years$1,052$681$427$261$157$23
39 years$1,014$647$400$241$142$20
40 years$978$616$375$222$129$17
41 years$943$586$351$205$117$14
42 years$910$558$330$189$106$12
43 years$879$532$309$174$96$10
44 years$850$507$290$161$87$9
45 years$821$484$273$149$79$8
46 years$794$461$256$137$72$6
47 years$769$440$241$127$65$5
48 years$744$420$226$117$59$5
49 years$721$401$213$108$54$4
50 years$698$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $715,000, adding $4,333 every year, while hoping to spend $22,783 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: 52/22/26 Blend
63$715,000$715,000$715,000$715,000
64$792,399$754,504$743,422$827,642
65$848,983$767,234$744,086$865,265
66$910,575$779,824$744,008$903,500
67$977,662$792,243$743,140$944,633
68$1,050,778$804,459$741,431$988,951
69$1,130,515$816,435$738,826$1,036,768
70$1,217,521$828,133$735,270$1,088,432
71$1,312,509$839,512$730,702$1,144,328
72$1,416,266$850,530$725,062$1,204,879
73$1,529,658$861,139$718,285$1,270,552
74$1,653,637$871,289$710,301$1,341,866
75$1,789,253$880,926$701,041$1,419,388
76$1,937,660$889,995$690,429$1,503,748
77$2,100,131$898,434$678,388$1,595,640
78$2,278,066$906,179$664,835$1,695,830
79$2,473,007$913,161$649,686$1,805,163
80$2,686,654$919,305$632,851$1,924,570
81$2,920,877$924,535$614,235$2,055,082
82$3,177,736$928,768$593,742$2,197,834
83$3,459,501$931,913$571,268$2,354,078
84$3,768,672$933,879$546,708$2,525,196
85$4,108,002$934,564$519,947$2,712,712
86$4,480,523$933,863$490,871$2,918,310
87$4,889,577$931,663$459,356$3,143,845
88$5,338,844$927,844$425,274$3,391,363
89$5,832,378$922,281$388,493$3,663,123
90$6,374,645$914,837$348,872$3,961,615
91$6,970,565$905,370$306,265$4,289,588
92$7,625,559$893,729$260,521$4,650,072
93$8,345,598$879,754$211,480$5,046,408
94$9,137,261$863,274$158,977$5,482,283
95$10,007,797$844,110$102,838$5,961,763
96$10,965,191$822,070$42,882$6,489,332
97$12,018,242$796,953$0$7,069,934
98$13,176,645$768,546$0$7,714,876
99$14,451,080$736,622$0$8,437,394
100$15,853,315$700,941$0$9,232,266