Can I retire at age 64 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$59,127$58,600$58,086$57,585$57,095$56,452
2 years$29,271$28,725$28,197$27,685$27,188$26,540
3 years$19,320$18,772$18,245$17,738$17,249$16,617
4 years$14,346$13,800$13,278$12,779$12,302$11,691
5 years$11,362$10,819$10,304$9,816$9,352$8,763
6 years$9,373$8,835$8,327$7,850$7,400$6,834
7 years$7,953$7,419$6,920$6,454$6,018$5,476
8 years$6,889$6,360$5,869$5,414$4,993$4,474
9 years$6,061$5,537$5,055$4,611$4,204$3,709
10 years$5,400$4,881$4,407$3,975$3,582$3,110
11 years$4,859$4,345$3,880$3,459$3,081$2,631
12 years$4,408$3,900$3,443$3,034$2,670$2,242
13 years$4,028$3,524$3,076$2,679$2,328$1,921
14 years$3,701$3,204$2,764$2,378$2,041$1,655
15 years$3,419$2,927$2,496$2,121$1,797$1,431
16 years$3,172$2,685$2,263$1,899$1,588$1,242
17 years$2,955$2,473$2,059$1,706$1,408$1,081
18 years$2,761$2,285$1,879$1,538$1,252$943
19 years$2,589$2,118$1,721$1,389$1,116$825
20 years$2,433$1,968$1,579$1,258$997$722
21 years$2,293$1,833$1,452$1,142$892$634
22 years$2,166$1,711$1,339$1,038$800$557
23 years$2,050$1,600$1,236$946$718$490
24 years$1,944$1,499$1,143$862$645$431
25 years$1,846$1,407$1,059$788$581$380
26 years$1,756$1,322$982$720$523$335
27 years$1,673$1,245$912$659$471$296
28 years$1,596$1,173$848$604$425$261
29 years$1,524$1,106$789$554$384$231
30 years$1,457$1,045$735$508$347$204
31 years$1,395$988$685$467$314$181
32 years$1,337$935$639$429$284$160
33 years$1,282$885$597$395$257$141
34 years$1,231$839$558$363$233$125
35 years$1,183$796$521$334$211$111
36 years$1,137$755$488$308$191$98
37 years$1,094$717$456$284$173$87
38 years$1,054$682$427$261$157$77
39 years$1,015$648$400$241$142$68
40 years$979$617$375$222$129$61
41 years$944$587$352$205$117$54
42 years$912$559$330$189$106$48
43 years$880$533$310$175$96$42
44 years$851$508$291$161$87$37
45 years$822$484$273$149$79$33
46 years$795$462$256$138$72$29
47 years$770$441$241$127$65$26
48 years$745$421$226$117$59$23
49 years$722$402$213$109$54$21
50 years$699$384$200$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $716,000, adding $2,570 every year, while hoping to spend $46,216 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: 51/40/9 Blend
63$716,000$716,000$716,000$716,000
64$791,683$753,735$742,637$830,087
65$823,261$741,495$718,342$844,307
66$856,511$727,105$691,684$854,593
67$891,555$710,413$662,535$864,692
68$928,526$691,255$630,762$874,599
69$967,567$669,458$596,224$884,309
70$1,008,837$644,840$558,776$893,822
71$1,052,508$617,207$518,264$903,137
72$1,098,767$586,353$474,529$912,261
73$1,147,821$552,064$427,405$921,203
74$1,199,892$514,109$376,717$929,976
75$1,255,227$472,246$322,284$938,599
76$1,314,095$426,221$263,914$947,100
77$1,376,788$375,761$201,411$955,510
78$1,443,628$320,581$134,566$963,873
79$1,514,968$260,379$63,164$972,238
80$1,591,193$194,836$0$980,669
81$1,672,727$123,616$0$990,491
82$1,760,033$46,361$0$1,007,096
83$1,853,620$0$0$1,024,539
84$1,954,046$0$0$1,059,389
85$2,061,923$0$0$1,118,795
86$2,177,924$0$0$1,182,728
87$2,302,785$0$0$1,251,602
88$2,437,318$0$0$1,325,869
89$2,582,412$0$0$1,406,031
90$2,739,045$0$0$1,492,633
91$2,908,291$0$0$1,586,280
92$3,091,331$0$0$1,687,633
93$3,289,462$0$0$1,797,419
94$3,504,112$0$0$1,916,440
95$3,736,848$0$0$2,045,575
96$3,989,396$0$0$2,185,791
97$4,263,652$0$0$2,338,155
98$4,561,704$0$0$2,503,835
99$4,885,847$0$0$2,684,122
100$5,238,606$0$0$2,880,432