Can I retire at age 64 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$59,374$58,845$58,329$57,826$57,334$55,256
2 years$29,393$28,846$28,315$27,801$27,302$25,231
3 years$19,401$18,851$18,322$17,812$17,321$15,323
4 years$14,406$13,858$13,334$12,833$12,354$10,443
5 years$11,409$10,864$10,347$9,857$9,391$7,573
6 years$9,412$8,872$8,362$7,883$7,431$5,707
7 years$7,987$7,450$6,949$6,481$6,043$4,412
8 years$6,918$6,386$5,893$5,436$5,014$3,475
9 years$6,087$5,560$5,076$4,631$4,222$2,773
10 years$5,422$4,901$4,425$3,992$3,597$2,236
11 years$4,879$4,363$3,896$3,474$3,094$1,817
12 years$4,427$3,916$3,458$3,047$2,681$1,486
13 years$4,044$3,539$3,089$2,690$2,338$1,221
14 years$3,717$3,217$2,776$2,388$2,049$1,008
15 years$3,433$2,939$2,506$2,130$1,805$834
16 years$3,185$2,696$2,272$1,907$1,595$692
17 years$2,967$2,483$2,067$1,713$1,414$575
18 years$2,773$2,295$1,887$1,544$1,257$479
19 years$2,600$2,127$1,728$1,395$1,121$400
20 years$2,444$1,976$1,586$1,264$1,001$334
21 years$2,303$1,841$1,459$1,147$896$279
22 years$2,175$1,718$1,344$1,043$803$234
23 years$2,058$1,607$1,241$950$721$196
24 years$1,952$1,506$1,148$866$648$164
25 years$1,854$1,413$1,063$791$583$137
26 years$1,763$1,328$986$723$525$115
27 years$1,680$1,250$916$662$473$97
28 years$1,602$1,178$851$607$427$81
29 years$1,531$1,111$792$556$386$68
30 years$1,464$1,049$738$510$349$57
31 years$1,401$992$688$469$315$48
32 years$1,342$939$642$431$285$40
33 years$1,288$889$599$396$258$34
34 years$1,236$842$560$365$234$28
35 years$1,188$799$523$336$212$24
36 years$1,142$758$490$309$192$20
37 years$1,099$720$458$285$174$17
38 years$1,058$684$429$262$157$14
39 years$1,020$651$402$242$143$12
40 years$983$619$377$223$130$10
41 years$948$589$353$206$118$8
42 years$915$561$332$190$107$7
43 years$884$535$311$175$97$6
44 years$854$510$292$162$88$5
45 years$826$486$274$150$80$4
46 years$799$464$258$138$72$4
47 years$773$443$242$128$66$3
48 years$748$423$227$118$60$2
49 years$725$404$214$109$54$2
50 years$702$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $719,000, adding $4,846 every year, while hoping to spend $43,497 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: 35/42/23 Blend
63$719,000$719,000$719,000$719,000
64$797,337$759,230$748,085$819,538
65$832,385$750,151$726,866$827,293
66$869,549$739,171$703,477$831,324
67$909,001$726,148$677,802$834,796
68$950,926$710,936$649,715$837,687
69$995,528$693,379$619,087$839,976
70$1,043,028$673,311$585,783$841,645
71$1,093,671$650,557$549,661$842,675
72$1,147,723$624,932$510,572$843,054
73$1,205,478$596,241$468,363$842,772
74$1,267,255$564,275$422,872$841,822
75$1,333,406$528,815$373,929$840,203
76$1,404,317$489,631$321,359$837,920
77$1,480,410$446,475$264,977$834,985
78$1,562,149$399,090$204,592$831,416
79$1,650,044$347,201$140,001$827,242
80$1,744,654$290,520$70,997$822,502
81$1,846,593$228,739$0$817,245
82$1,956,535$161,537$0$812,184
83$2,075,221$88,571$0$825,385
84$2,203,465$9,483$0$839,561
85$2,342,162$0$0$854,890
86$2,492,296$0$0$906,749
87$2,654,947$0$0$967,766
88$2,831,304$0$0$1,034,015
89$3,022,674$0$0$1,105,999
90$3,230,496$0$0$1,184,270
91$3,456,350$0$0$1,269,438
92$3,701,975$0$0$1,362,170
93$3,969,287$0$0$1,463,203
94$4,260,390$0$0$1,573,347
95$4,577,602$0$0$1,693,494
96$4,923,473$0$0$1,824,626
97$5,300,810$0$0$1,967,823
98$5,712,703$0$0$2,124,274
99$6,162,551$0$0$2,295,288
100$6,654,100$0$0$2,482,308