Can I retire at age 64 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$59,870$59,337$58,816$58,308$57,813$56,484
2 years$29,639$29,087$28,552$28,033$27,530$26,198
3 years$19,563$19,008$18,475$17,961$17,466$16,174
4 years$14,526$13,973$13,445$12,940$12,457$11,213
5 years$11,504$10,955$10,434$9,939$9,470$8,279
6 years$9,491$8,946$8,432$7,948$7,493$6,356
7 years$8,053$7,513$7,007$6,535$6,094$5,010
8 years$6,975$6,440$5,943$5,482$5,055$4,025
9 years$6,138$5,607$5,118$4,669$4,257$3,280
10 years$5,468$4,942$4,462$4,025$3,627$2,702
11 years$4,920$4,400$3,929$3,503$3,120$2,244
12 years$4,464$3,949$3,486$3,073$2,704$1,877
13 years$4,078$3,569$3,115$2,713$2,358$1,578
14 years$3,748$3,244$2,799$2,408$2,067$1,333
15 years$3,462$2,963$2,527$2,147$1,820$1,130
16 years$3,212$2,719$2,291$1,923$1,608$961
17 years$2,992$2,504$2,085$1,728$1,426$819
18 years$2,796$2,314$1,903$1,557$1,268$700
19 years$2,621$2,144$1,742$1,407$1,130$599
20 years$2,464$1,993$1,599$1,274$1,009$513
21 years$2,322$1,856$1,471$1,156$903$441
22 years$2,193$1,733$1,355$1,051$810$379
23 years$2,076$1,620$1,252$958$727$326
24 years$1,968$1,518$1,157$873$653$280
25 years$1,869$1,425$1,072$798$588$241
26 years$1,778$1,339$994$729$530$208
27 years$1,694$1,260$923$668$477$179
28 years$1,616$1,188$858$612$431$155
29 years$1,543$1,120$799$561$389$134
30 years$1,476$1,058$744$515$351$115
31 years$1,413$1,000$694$473$318$100
32 years$1,354$946$647$434$287$86
33 years$1,298$896$604$400$260$74
34 years$1,246$849$565$368$236$64
35 years$1,198$806$528$338$213$55
36 years$1,151$765$494$312$193$48
37 years$1,108$726$462$287$175$41
38 years$1,067$690$433$265$159$36
39 years$1,028$656$405$244$144$31
40 years$991$624$380$225$131$27
41 years$956$594$356$208$119$23
42 years$923$566$334$192$108$20
43 years$891$539$314$177$98$17
44 years$861$514$294$163$89$15
45 years$833$490$276$151$80$13
46 years$805$468$260$139$73$11
47 years$779$446$244$129$66$10
48 years$754$426$229$119$60$8
49 years$731$407$215$110$55$7
50 years$708$389$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $725,000, adding $4,636 every year, while hoping to spend $29,710 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: 46/39/15 Blend
63$725,000$725,000$725,000$725,000
64$803,732$765,307$754,070$837,082
65$854,101$771,196$747,720$866,626
66$908,613$776,378$740,161$895,278
67$967,657$780,786$731,323$925,715
68$1,031,665$784,351$721,128$958,115
69$1,101,108$786,998$709,500$992,675
70$1,176,508$788,647$696,354$1,029,614
71$1,258,435$789,214$681,606$1,069,173
72$1,347,519$788,610$665,164$1,111,620
73$1,444,453$786,739$646,934$1,157,254
74$1,549,998$783,500$626,817$1,206,404
75$1,664,993$778,785$604,709$1,259,435
76$1,790,358$772,483$580,504$1,316,751
77$1,927,111$764,470$554,087$1,378,800
78$2,076,368$754,621$525,340$1,446,077
79$2,239,358$742,798$494,140$1,519,133
80$2,417,437$728,859$460,357$1,598,574
81$2,612,093$712,651$423,858$1,685,073
82$2,824,970$694,014$384,500$1,779,374
83$3,057,872$672,776$342,136$1,882,301
84$3,312,791$648,758$296,613$1,994,765
85$3,591,916$621,768$247,770$2,117,773
86$3,897,660$591,603$195,440$2,252,439
87$4,232,681$558,051$139,446$2,399,996
88$4,599,903$520,884$79,606$2,561,807
89$5,002,551$479,865$15,730$2,739,377
90$5,444,172$434,739$0$2,934,372
91$5,928,676$385,240$0$3,157,025
92$6,460,369$331,085$0$3,404,208
93$7,043,995$271,976$0$3,675,684
94$7,684,777$207,598$0$3,973,973
95$8,388,472$137,618$0$4,301,855
96$9,161,418$61,684$0$4,662,399
97$10,010,601$0$0$5,058,995
98$10,943,714$0$0$5,504,212
99$11,969,234$0$0$6,022,702
100$13,096,498$0$0$6,592,726