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%14.9%
1 years$59,622$59,091$58,573$58,067$57,573$56,411
2 years$29,516$28,966$28,433$27,917$27,416$26,250
3 years$19,482$18,930$18,398$17,887$17,394$16,260
4 years$14,466$13,915$13,389$12,886$12,405$11,314
5 years$11,457$10,910$10,391$9,898$9,430$8,383
6 years$9,452$8,909$8,397$7,915$7,462$6,460
7 years$8,020$7,481$6,978$6,508$6,069$5,113
8 years$6,947$6,413$5,918$5,459$5,034$4,125
9 years$6,112$5,584$5,097$4,650$4,240$3,375
10 years$5,445$4,922$4,444$4,008$3,612$2,792
11 years$4,900$4,382$3,912$3,488$3,107$2,330
12 years$4,445$3,933$3,472$3,060$2,692$1,957
13 years$4,061$3,554$3,102$2,701$2,348$1,653
14 years$3,732$3,230$2,787$2,398$2,058$1,403
15 years$3,448$2,951$2,516$2,139$1,812$1,195
16 years$3,199$2,708$2,282$1,915$1,601$1,022
17 years$2,979$2,494$2,076$1,720$1,420$875
18 years$2,784$2,304$1,895$1,551$1,263$752
19 years$2,610$2,135$1,735$1,401$1,125$647
20 years$2,454$1,984$1,592$1,269$1,005$557
21 years$2,312$1,848$1,465$1,152$900$481
22 years$2,184$1,725$1,350$1,047$806$415
23 years$2,067$1,614$1,246$954$724$359
24 years$1,960$1,512$1,153$870$651$311
25 years$1,861$1,419$1,068$794$585$269
26 years$1,771$1,334$990$726$527$233
27 years$1,687$1,255$919$665$475$202
28 years$1,609$1,183$855$609$429$176
29 years$1,537$1,116$795$559$387$152
30 years$1,470$1,054$741$513$350$132
31 years$1,407$996$691$471$316$115
32 years$1,348$942$644$433$286$100
33 years$1,293$892$602$398$259$87
34 years$1,241$846$562$366$235$75
35 years$1,193$802$526$337$212$66
36 years$1,147$761$492$310$192$57
37 years$1,103$723$460$286$174$50
38 years$1,062$687$431$264$158$43
39 years$1,024$654$404$243$143$37
40 years$987$622$378$224$130$33
41 years$952$592$355$207$118$28
42 years$919$564$333$191$107$25
43 years$888$537$312$176$97$21
44 years$858$512$293$163$88$19
45 years$829$488$275$150$80$16
46 years$802$466$259$139$73$14
47 years$776$444$243$128$66$12
48 years$751$424$228$118$60$11
49 years$728$405$215$109$54$9
50 years$705$387$202$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $722,000, adding $5,092 every year, while hoping to spend $37,058 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: 46/47/7 Blend
63$722,000$722,000$722,000$722,000
64$800,896$762,630$751,439$835,973
65$843,158$760,570$737,183$858,580
66$888,489$757,166$721,207$878,815
67$937,162$752,315$703,415$899,902
68$989,479$745,904$683,706$921,931
69$1,045,768$737,816$661,972$945,004
70$1,106,394$727,926$638,105$969,235
71$1,171,752$716,101$611,988$994,751
72$1,242,281$702,200$583,500$1,021,698
73$1,318,461$686,075$552,514$1,050,234
74$1,400,819$667,568$518,899$1,080,542
75$1,489,936$646,512$482,515$1,112,823
76$1,586,449$622,731$443,219$1,147,302
77$1,691,060$596,037$400,860$1,184,232
78$1,804,538$566,234$355,279$1,223,896
79$1,927,733$533,111$306,313$1,266,607
80$2,061,577$496,448$253,789$1,312,718
81$2,207,094$456,011$197,528$1,362,619
82$2,365,415$411,552$137,342$1,416,749
83$2,537,779$362,811$73,035$1,475,593
84$2,725,555$309,510$4,404$1,539,693
85$2,930,244$251,359$0$1,609,653
86$3,153,503$188,049$0$1,691,284
87$3,397,151$119,255$0$1,780,876
88$3,663,194$44,632$0$1,878,948
89$3,953,840$0$0$1,986,438
90$4,271,516$0$0$2,123,102
91$4,618,898$0$0$2,297,867
92$4,998,932$0$0$2,489,142
93$5,414,860$0$0$2,698,569
94$5,870,252$0$0$2,927,957
95$6,369,041$0$0$3,179,298
96$6,915,558$0$0$3,454,785
97$7,514,571$0$0$3,756,835
98$8,171,332$0$0$4,088,109
99$8,891,627$0$0$4,451,536
100$9,681,826$0$0$4,850,346