Can I retire at age 64 with 717,000?

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 $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%13.6%
1 years$59,209$58,682$58,167$57,665$57,175$56,320
2 years$29,311$28,766$28,237$27,724$27,226$26,367
3 years$19,347$18,799$18,271$17,763$17,273$16,437
4 years$14,366$13,819$13,297$12,797$12,319$11,512
5 years$11,378$10,834$10,319$9,829$9,365$8,588
6 years$9,386$8,847$8,339$7,861$7,410$6,665
7 years$7,964$7,430$6,930$6,463$6,027$5,314
8 years$6,898$6,369$5,877$5,421$5,000$4,319
9 years$6,070$5,545$5,062$4,618$4,210$3,561
10 years$5,407$4,888$4,413$3,981$3,587$2,970
11 years$4,866$4,351$3,885$3,464$3,085$2,498
12 years$4,415$3,905$3,448$3,039$2,674$2,117
13 years$4,033$3,529$3,081$2,683$2,331$1,803
14 years$3,707$3,208$2,768$2,381$2,044$1,544
15 years$3,424$2,931$2,499$2,124$1,800$1,327
16 years$3,177$2,689$2,266$1,902$1,590$1,145
17 years$2,959$2,476$2,062$1,709$1,410$990
18 years$2,765$2,288$1,882$1,540$1,254$858
19 years$2,592$2,121$1,723$1,391$1,118$745
20 years$2,437$1,971$1,581$1,260$998$649
21 years$2,296$1,836$1,454$1,144$893$565
22 years$2,169$1,713$1,340$1,040$801$493
23 years$2,053$1,603$1,238$947$719$431
24 years$1,946$1,501$1,145$864$646$377
25 years$1,849$1,409$1,060$789$581$330
26 years$1,758$1,324$983$721$524$289
27 years$1,675$1,246$913$660$472$253
28 years$1,598$1,174$849$605$426$222
29 years$1,526$1,108$790$555$385$195
30 years$1,460$1,046$736$509$348$171
31 years$1,397$989$686$468$314$150
32 years$1,339$936$640$430$284$132
33 years$1,284$886$598$395$257$116
34 years$1,233$840$558$364$233$102
35 years$1,184$797$522$335$211$89
36 years$1,139$756$488$308$191$79
37 years$1,096$718$457$284$173$69
38 years$1,055$683$428$262$157$61
39 years$1,017$649$401$241$142$53
40 years$980$618$376$223$129$47
41 years$946$588$352$205$117$41
42 years$913$560$331$190$106$36
43 years$882$533$310$175$97$32
44 years$852$508$291$162$88$28
45 years$824$485$273$149$80$25
46 years$797$463$257$138$72$22
47 years$771$441$241$127$66$19
48 years$746$421$227$118$60$17
49 years$723$402$213$109$54$15
50 years$700$384$200$101$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $717,000, adding $3,597 every year, while hoping to spend $32,972 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: 40/32/28 Blend
63$717,000$717,000$717,000$717,000
64$793,844$755,843$744,730$818,914
65$839,734$757,798$734,596$839,420
66$889,200$758,743$723,018$858,265
67$942,572$758,594$709,912$878,023
68$1,000,211$757,263$695,192$898,802
69$1,062,517$754,653$678,765$920,716
70$1,129,928$750,664$660,537$943,899
71$1,202,923$745,190$640,408$968,498
72$1,282,033$738,116$618,274$994,678
73$1,367,839$729,322$594,025$1,022,623
74$1,460,982$718,682$567,547$1,052,539
75$1,562,163$706,059$538,722$1,084,657
76$1,672,159$691,311$507,423$1,119,235
77$1,791,819$674,285$473,522$1,156,558
78$1,922,082$654,822$436,883$1,196,947
79$2,063,978$632,752$397,361$1,240,759
80$2,218,641$607,894$354,810$1,288,389
81$2,387,320$580,058$309,074$1,340,279
82$2,571,389$549,043$259,990$1,396,922
83$2,772,360$514,637$207,390$1,458,862
84$2,991,900$476,613$151,097$1,526,708
85$3,231,841$434,734$90,925$1,601,135
86$3,494,201$388,748$26,683$1,682,892
87$3,781,202$338,389$0$1,772,810
88$4,095,290$283,376$0$1,884,325
89$4,439,161$223,412$0$2,015,270
90$4,815,780$158,184$0$2,158,868
91$5,228,414$87,360$0$2,316,447
92$5,680,663$10,591$0$2,489,475
93$6,176,487$0$0$2,679,574
94$6,720,252$0$0$2,914,064
95$7,316,765$0$0$3,175,487
96$7,971,320$0$0$3,462,448
97$8,689,749$0$0$3,777,516
98$9,478,477$0$0$4,123,520
99$10,344,580$0$0$4,503,578
100$11,295,853$0$0$4,921,126