Can I retire at age 64 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$59,457$58,927$58,411$57,906$57,414$56,673
2 years$29,434$28,886$28,355$27,840$27,340$26,594
3 years$19,428$18,877$18,347$17,837$17,346$16,619
4 years$14,426$13,877$13,352$12,851$12,371$11,669
5 years$11,425$10,880$10,362$9,870$9,404$8,728
6 years$9,425$8,884$8,374$7,894$7,441$6,792
7 years$7,998$7,461$6,959$6,490$6,052$5,430
8 years$6,927$6,395$5,902$5,444$5,020$4,426
9 years$6,095$5,568$5,083$4,637$4,228$3,661
10 years$5,430$4,908$4,431$3,997$3,602$3,062
11 years$4,886$4,369$3,901$3,479$3,098$2,584
12 years$4,433$3,922$3,462$3,051$2,685$2,196
13 years$4,050$3,544$3,093$2,694$2,341$1,877
14 years$3,722$3,221$2,779$2,391$2,052$1,613
15 years$3,438$2,943$2,509$2,133$1,807$1,391
16 years$3,190$2,700$2,275$1,910$1,597$1,204
17 years$2,971$2,487$2,070$1,716$1,416$1,045
18 years$2,777$2,298$1,890$1,546$1,259$909
19 years$2,603$2,130$1,730$1,397$1,122$792
20 years$2,447$1,979$1,588$1,265$1,002$692
21 years$2,306$1,843$1,461$1,148$897$605
22 years$2,178$1,721$1,346$1,044$804$530
23 years$2,061$1,609$1,243$951$722$465
24 years$1,954$1,508$1,149$867$649$408
25 years$1,856$1,415$1,065$792$584$359
26 years$1,766$1,330$987$724$526$315
27 years$1,682$1,252$917$663$474$277
28 years$1,605$1,179$852$607$428$244
29 years$1,533$1,113$793$557$386$215
30 years$1,466$1,051$739$511$349$190
31 years$1,403$993$689$469$316$167
32 years$1,344$940$643$431$285$147
33 years$1,289$890$600$397$258$130
34 years$1,238$844$561$365$234$115
35 years$1,189$800$524$336$212$101
36 years$1,144$759$490$309$192$89
37 years$1,100$721$459$285$174$79
38 years$1,060$685$430$263$158$70
39 years$1,021$652$403$242$143$62
40 years$984$620$377$224$130$54
41 years$950$590$354$206$118$48
42 years$917$562$332$190$107$42
43 years$885$536$312$176$97$37
44 years$855$511$292$162$88$33
45 years$827$487$275$150$80$29
46 years$800$464$258$138$73$26
47 years$774$443$242$128$66$23
48 years$749$423$228$118$60$20
49 years$726$404$214$109$54$18
50 years$703$386$201$101$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $720,000, adding $3,158 every year, while hoping to spend $43,470 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: 55/24/21 Blend
63$720,000$720,000$720,000$720,000
64$796,697$758,537$747,377$835,811
65$831,709$749,454$726,163$853,848
66$868,835$738,469$702,781$868,619
67$908,244$725,442$677,112$883,767
68$950,123$710,227$649,034$899,341
69$994,675$692,668$618,416$915,398
70$1,042,122$672,598$585,123$932,001
71$1,092,707$649,844$549,013$949,222
72$1,146,697$624,220$509,939$967,145
73$1,204,384$595,531$467,745$985,865
74$1,266,087$563,568$422,271$1,005,487
75$1,332,159$528,113$373,348$1,026,132
76$1,402,983$488,935$320,798$1,047,939
77$1,478,981$445,787$264,440$1,071,060
78$1,560,618$398,411$204,079$1,095,671
79$1,648,401$346,533$139,516$1,121,966
80$1,742,889$289,864$70,540$1,150,167
81$1,844,695$228,099$0$1,180,520
82$1,954,492$160,914$0$1,213,991
83$2,073,019$87,968$0$1,267,115
84$2,201,091$8,902$0$1,324,471
85$2,339,599$0$0$1,386,506
86$2,489,527$0$0$1,473,958
87$2,651,952$0$0$1,571,304
88$2,828,062$0$0$1,676,909
89$3,019,163$0$0$1,791,564
90$3,226,688$0$0$1,916,137
91$3,452,218$0$0$2,051,584
92$3,697,489$0$0$2,198,957
93$3,964,411$0$0$2,359,413
94$4,255,087$0$0$2,534,224
95$4,571,831$0$0$2,724,792
96$4,917,189$0$0$2,932,659
97$5,293,963$0$0$3,159,520
98$5,705,237$0$0$3,407,245
99$6,154,406$0$0$3,677,890
100$6,645,209$0$0$3,973,718