Can I retire at age 64 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$59,292$58,764$58,248$57,745$57,254$56,633
2 years$29,352$28,806$28,276$27,762$27,264$26,638
3 years$19,374$18,825$18,296$17,788$17,297$16,687
4 years$14,386$13,838$13,315$12,815$12,337$11,746
5 years$11,393$10,849$10,333$9,843$9,378$8,809
6 years$9,399$8,859$8,351$7,872$7,421$6,874
7 years$7,975$7,440$6,939$6,472$6,035$5,511
8 years$6,908$6,377$5,885$5,429$5,007$4,505
9 years$6,078$5,553$5,069$4,624$4,216$3,737
10 years$5,415$4,894$4,419$3,986$3,592$3,135
11 years$4,872$4,357$3,891$3,469$3,090$2,654
12 years$4,421$3,911$3,453$3,043$2,677$2,262
13 years$4,039$3,534$3,085$2,686$2,335$1,940
14 years$3,712$3,213$2,772$2,385$2,047$1,672
15 years$3,429$2,935$2,503$2,127$1,802$1,447
16 years$3,181$2,693$2,269$1,904$1,593$1,257
17 years$2,963$2,480$2,065$1,711$1,412$1,095
18 years$2,769$2,291$1,885$1,542$1,256$956
19 years$2,596$2,124$1,725$1,393$1,119$836
20 years$2,440$1,973$1,583$1,262$1,000$733
21 years$2,300$1,838$1,456$1,145$895$644
22 years$2,172$1,716$1,342$1,041$802$566
23 years$2,056$1,605$1,239$948$720$498
24 years$1,949$1,504$1,146$865$647$439
25 years$1,851$1,411$1,062$790$582$387
26 years$1,761$1,326$985$722$524$342
27 years$1,678$1,248$914$661$473$302
28 years$1,600$1,176$850$606$427$267
29 years$1,528$1,109$791$555$385$236
30 years$1,462$1,048$737$510$348$209
31 years$1,399$990$687$468$315$185
32 years$1,341$937$641$430$285$164
33 years$1,286$888$598$396$258$145
34 years$1,234$841$559$364$233$128
35 years$1,186$798$523$335$211$114
36 years$1,140$757$489$309$191$101
37 years$1,097$719$458$284$173$90
38 years$1,057$684$429$262$157$79
39 years$1,018$650$402$242$143$70
40 years$982$618$376$223$129$62
41 years$947$589$353$206$117$55
42 years$914$561$331$190$106$49
43 years$883$534$311$175$97$44
44 years$853$509$292$162$88$39
45 years$825$486$274$149$80$34
46 years$798$463$257$138$72$31
47 years$772$442$242$128$66$27
48 years$747$422$227$118$60$24
49 years$724$403$213$109$54$21
50 years$701$385$201$101$49$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $718,000, adding $4,910 every year, while hoping to spend $45,969 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: 80/11/9 Blend
63$718,000$718,000$718,000$718,000
64$796,301$758,247$747,118$858,550
65$828,613$746,490$723,235$888,316
66$862,680$732,617$697,012$914,449
67$898,633$716,474$668,322$941,756
68$936,613$697,902$637,031$970,334
69$976,777$676,728$603,001$1,000,286
70$1,019,293$652,773$566,086$1,031,728
71$1,064,347$625,845$526,136$1,064,786
72$1,112,141$595,741$482,992$1,099,601
73$1,162,895$562,249$436,488$1,136,328
74$1,216,852$525,140$386,452$1,175,138
75$1,274,275$484,177$332,702$1,216,219
76$1,335,455$439,105$275,051$1,259,781
77$1,400,708$389,658$213,302$1,306,054
78$1,470,382$335,552$147,249$1,355,292
79$1,544,856$276,490$76,678$1,407,777
80$1,624,548$212,155$1,363$1,463,819
81$1,709,916$142,214$0$1,523,761
82$1,801,461$66,316$0$1,595,571
83$1,899,733$0$0$1,672,711
84$2,005,336$0$0$1,757,465
85$2,118,933$0$0$1,857,283
86$2,241,253$0$0$1,964,781
87$2,373,094$0$0$2,080,662
88$2,515,334$0$0$2,205,700
89$2,668,939$0$0$2,340,746
90$2,834,968$0$0$2,486,734
91$3,014,587$0$0$2,644,690
92$3,209,077$0$0$2,815,743
93$3,419,845$0$0$3,001,134
94$3,648,439$0$0$3,202,229
95$3,896,563$0$0$3,420,526
96$4,166,089$0$0$3,657,678
97$4,459,077$0$0$3,915,499
98$4,777,794$0$0$4,195,988
99$5,124,732$0$0$4,501,341
100$5,502,635$0$0$4,833,977