Can I retire at age 64 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$59,209$58,682$58,167$57,665$57,175$55,256
2 years$29,311$28,766$28,237$27,724$27,226$25,312
3 years$19,347$18,799$18,271$17,763$17,273$15,424
4 years$14,366$13,819$13,297$12,797$12,319$10,549
5 years$11,378$10,834$10,319$9,829$9,365$7,678
6 years$9,386$8,847$8,339$7,861$7,410$5,808
7 years$7,964$7,430$6,930$6,463$6,027$4,509
8 years$6,898$6,369$5,877$5,421$5,000$3,566
9 years$6,070$5,545$5,062$4,618$4,210$2,858
10 years$5,407$4,888$4,413$3,981$3,587$2,315
11 years$4,866$4,351$3,885$3,464$3,085$1,890
12 years$4,415$3,905$3,448$3,039$2,674$1,553
13 years$4,033$3,529$3,081$2,683$2,331$1,282
14 years$3,707$3,208$2,768$2,381$2,044$1,063
15 years$3,424$2,931$2,499$2,124$1,800$884
16 years$3,177$2,689$2,266$1,902$1,590$737
17 years$2,959$2,476$2,062$1,709$1,410$616
18 years$2,765$2,288$1,882$1,540$1,254$516
19 years$2,592$2,121$1,723$1,391$1,118$433
20 years$2,437$1,971$1,581$1,260$998$363
21 years$2,296$1,836$1,454$1,144$893$306
22 years$2,169$1,713$1,340$1,040$801$257
23 years$2,053$1,603$1,238$947$719$216
24 years$1,946$1,501$1,145$864$646$182
25 years$1,849$1,409$1,060$789$581$154
26 years$1,758$1,324$983$721$524$130
27 years$1,675$1,246$913$660$472$109
28 years$1,598$1,174$849$605$426$92
29 years$1,526$1,108$790$555$385$78
30 years$1,460$1,046$736$509$348$66
31 years$1,397$989$686$468$314$56
32 years$1,339$936$640$430$284$47
33 years$1,284$886$598$395$257$40
34 years$1,233$840$558$364$233$33
35 years$1,184$797$522$335$211$28
36 years$1,139$756$488$308$191$24
37 years$1,096$718$457$284$173$20
38 years$1,055$683$428$262$157$17
39 years$1,017$649$401$241$142$14
40 years$980$618$376$223$129$12
41 years$946$588$352$205$117$10
42 years$913$560$331$190$106$9
43 years$882$533$310$175$97$7
44 years$852$508$291$162$88$6
45 years$824$485$273$149$80$5
46 years$797$463$257$138$72$4
47 years$771$441$241$127$66$4
48 years$746$421$227$118$60$3
49 years$723$402$213$109$54$3
50 years$700$384$200$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $717,000, adding $4,871 every year, while hoping to spend $48,263 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: 51/27/22 Blend
63$717,000$717,000$717,000$717,000
64$795,158$757,157$746,044$830,608
65$824,913$742,907$719,685$841,395
66$856,085$726,340$690,825$847,778
67$888,768$707,293$659,330$853,712
68$923,064$685,592$625,059$859,173
69$959,083$661,052$587,865$864,138
70$996,944$633,478$547,593$868,584
71$1,036,778$602,665$504,084$872,488
72$1,078,727$568,393$457,168$875,832
73$1,122,945$530,432$406,671$878,596
74$1,169,600$488,538$352,409$880,764
75$1,218,876$442,452$294,191$882,324
76$1,270,972$391,903$231,817$883,264
77$1,326,106$336,602$165,078$883,578
78$1,384,517$276,244$93,757$883,265
79$1,446,466$210,507$17,625$882,329
80$1,512,236$139,052$0$880,778
81$1,582,138$61,521$0$893,566
82$1,656,514$0$0$911,167
83$1,735,736$0$0$936,213
84$1,820,212$0$0$982,452
85$1,910,388$0$0$1,031,855
86$2,006,754$0$0$1,084,698
87$2,109,847$0$0$1,141,279
88$2,220,256$0$0$1,201,929
89$2,338,624$0$0$1,267,009
90$2,465,662$0$0$1,336,916
91$2,602,145$0$0$1,412,083
92$2,748,926$0$0$1,492,991
93$2,906,942$0$0$1,580,162
94$3,077,221$0$0$1,674,174
95$3,260,892$0$0$1,775,659
96$3,459,195$0$0$1,885,313
97$3,673,496$0$0$2,003,901
98$3,905,290$0$0$2,132,263
99$4,156,227$0$0$2,271,323
100$4,428,116$0$0$2,422,096