Can I retire at age 64 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$59,622$59,091$58,573$58,067$57,573$57,020
2 years$29,516$28,966$28,433$27,917$27,416$26,858
3 years$19,482$18,930$18,398$17,887$17,394$16,849
4 years$14,466$13,915$13,389$12,886$12,405$11,878
5 years$11,457$10,910$10,391$9,898$9,430$8,922
6 years$9,452$8,909$8,397$7,915$7,462$6,973
7 years$8,020$7,481$6,978$6,508$6,069$5,600
8 years$6,947$6,413$5,918$5,459$5,034$4,585
9 years$6,112$5,584$5,097$4,650$4,240$3,810
10 years$5,445$4,922$4,444$4,008$3,612$3,202
11 years$4,900$4,382$3,912$3,488$3,107$2,716
12 years$4,445$3,933$3,472$3,060$2,692$2,320
13 years$4,061$3,554$3,102$2,701$2,348$1,994
14 years$3,732$3,230$2,787$2,398$2,058$1,722
15 years$3,448$2,951$2,516$2,139$1,812$1,493
16 years$3,199$2,708$2,282$1,915$1,601$1,299
17 years$2,979$2,494$2,076$1,720$1,420$1,134
18 years$2,784$2,304$1,895$1,551$1,263$992
19 years$2,610$2,135$1,735$1,401$1,125$870
20 years$2,454$1,984$1,592$1,269$1,005$764
21 years$2,312$1,848$1,465$1,152$900$673
22 years$2,184$1,725$1,350$1,047$806$593
23 years$2,067$1,614$1,246$954$724$523
24 years$1,960$1,512$1,153$870$651$462
25 years$1,861$1,419$1,068$794$585$408
26 years$1,771$1,334$990$726$527$361
27 years$1,687$1,255$919$665$475$320
28 years$1,609$1,183$855$609$429$283
29 years$1,537$1,116$795$559$387$251
30 years$1,470$1,054$741$513$350$223
31 years$1,407$996$691$471$316$198
32 years$1,348$942$644$433$286$176
33 years$1,293$892$602$398$259$156
34 years$1,241$846$562$366$235$139
35 years$1,193$802$526$337$212$123
36 years$1,147$761$492$310$192$109
37 years$1,103$723$460$286$174$97
38 years$1,062$687$431$264$158$86
39 years$1,024$654$404$243$143$77
40 years$987$622$378$224$130$68
41 years$952$592$355$207$118$61
42 years$919$564$333$191$107$54
43 years$888$537$312$176$97$48
44 years$858$512$293$163$88$43
45 years$829$488$275$150$80$38
46 years$802$466$259$139$73$34
47 years$776$444$243$128$66$30
48 years$751$424$228$118$60$27
49 years$728$405$215$109$54$24
50 years$705$387$202$101$49$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $722,000, adding $3,231 every year, while hoping to spend $25,387 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: 72/21/7 Blend
63$722,000$722,000$722,000$722,000
64$798,977$760,711$749,520$855,454
65$853,461$770,974$747,617$903,419
66$912,651$780,889$744,800$952,437
67$977,002$790,413$741,011$1,005,395
68$1,047,011$799,498$736,189$1,062,673
69$1,123,226$808,094$730,272$1,124,691
70$1,206,253$816,148$723,194$1,191,913
71$1,296,755$823,603$714,885$1,264,847
72$1,395,463$830,399$705,272$1,344,056
73$1,503,182$836,470$694,281$1,430,158
74$1,620,798$841,748$681,831$1,523,835
75$1,749,286$846,161$667,838$1,625,839
76$1,889,719$849,629$652,217$1,736,998
77$2,043,280$852,070$634,876$1,858,226
78$2,211,269$853,397$615,720$1,990,528
79$2,395,121$853,515$594,648$2,135,014
80$2,596,411$852,325$571,557$2,292,906
81$2,816,878$849,722$546,337$2,465,553
82$3,058,435$845,594$518,875$2,654,438
83$3,323,190$839,823$489,051$2,861,200
84$3,613,462$832,281$456,742$3,087,643
85$3,931,809$822,836$421,816$3,335,757
86$4,281,045$811,346$384,138$3,607,733
87$4,664,270$797,661$343,566$3,905,991
88$5,084,902$781,623$299,951$4,233,193
89$5,546,701$763,062$253,139$4,592,277
90$6,053,813$741,800$202,967$4,986,481
91$6,610,803$717,649$149,267$5,419,372
92$7,222,700$690,409$91,863$5,894,886
93$7,895,044$659,868$30,570$6,417,358
94$8,633,940$625,803$0$6,991,569
95$9,446,112$587,977$0$7,625,389
96$10,338,968$546,141$0$8,324,630
97$11,320,670$500,029$0$9,093,425
98$12,400,210$449,362$0$9,938,845
99$13,587,496$393,845$0$10,868,687
100$14,893,442$333,165$0$11,891,544