Can I retire at age 64 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$59,952$59,418$58,897$58,389$57,892$56,333
2 years$29,679$29,127$28,591$28,072$27,568$26,008
3 years$19,590$19,035$18,500$17,986$17,490$15,978
4 years$14,546$13,992$13,463$12,958$12,474$11,022
5 years$11,520$10,970$10,448$9,953$9,483$8,095
6 years$9,504$8,958$8,444$7,959$7,503$6,181
7 years$8,064$7,523$7,017$6,544$6,102$4,845
8 years$6,985$6,449$5,951$5,489$5,062$3,870
9 years$6,146$5,615$5,125$4,676$4,263$3,134
10 years$5,475$4,949$4,468$4,031$3,632$2,566
11 years$4,927$4,406$3,934$3,508$3,124$2,118
12 years$4,470$3,954$3,491$3,077$2,707$1,759
13 years$4,084$3,574$3,119$2,716$2,361$1,470
14 years$3,753$3,248$2,803$2,411$2,069$1,233
15 years$3,467$2,967$2,530$2,150$1,822$1,038
16 years$3,216$2,723$2,294$1,925$1,610$876
17 years$2,996$2,507$2,088$1,730$1,428$742
18 years$2,800$2,317$1,906$1,559$1,270$629
19 years$2,625$2,147$1,745$1,409$1,132$534
20 years$2,467$1,995$1,601$1,276$1,011$454
21 years$2,325$1,859$1,473$1,158$905$387
22 years$2,196$1,735$1,357$1,053$811$330
23 years$2,078$1,623$1,253$959$728$282
24 years$1,971$1,520$1,159$875$654$241
25 years$1,872$1,427$1,074$799$589$206
26 years$1,781$1,341$996$730$530$176
27 years$1,696$1,262$925$668$478$150
28 years$1,618$1,189$859$612$431$129
29 years$1,545$1,122$800$562$390$110
30 years$1,478$1,059$745$515$352$94
31 years$1,415$1,002$695$473$318$81
32 years$1,356$948$648$435$288$69
33 years$1,300$897$605$400$260$59
34 years$1,248$851$565$368$236$51
35 years$1,199$807$529$339$214$43
36 years$1,153$766$494$312$194$37
37 years$1,110$727$463$288$175$32
38 years$1,068$691$433$265$159$27
39 years$1,029$657$406$244$144$23
40 years$993$625$381$225$131$20
41 years$958$595$357$208$119$17
42 years$924$567$335$192$108$15
43 years$893$540$314$177$98$13
44 years$863$515$295$164$89$11
45 years$834$491$277$151$81$9
46 years$807$468$260$140$73$8
47 years$780$447$244$129$66$7
48 years$756$427$230$119$60$6
49 years$732$407$216$110$55$5
50 years$709$389$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $726,000, adding $3,030 every year, while hoping to spend $51,967 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: 41/41/18 Blend
63$726,000$726,000$726,000$726,000
64$803,177$764,699$753,446$831,733
65$829,809$746,877$723,394$834,478
66$857,415$726,440$690,594$832,178
67$886,041$703,205$654,898$828,600
68$915,733$676,978$616,153$823,654
69$946,543$647,554$574,199$817,244
70$978,523$614,717$528,867$809,272
71$1,011,731$578,237$479,983$799,630
72$1,046,228$537,872$427,364$788,210
73$1,082,080$493,364$370,817$774,894
74$1,119,357$444,444$310,144$759,561
75$1,158,134$390,824$245,136$742,083
76$1,198,491$332,202$175,576$722,325
77$1,240,514$268,257$101,235$700,147
78$1,284,297$198,652$21,877$675,401
79$1,329,939$123,030$0$647,933
80$1,377,548$41,013$0$629,646
81$1,427,240$0$0$613,574
82$1,479,139$0$0$616,952
83$1,533,381$0$0$639,842
84$1,590,112$0$0$663,805
85$1,649,490$0$0$688,912
86$1,711,686$0$0$715,238
87$1,776,885$0$0$742,865
88$1,845,288$0$0$771,882
89$1,917,114$0$0$802,386
90$1,992,600$0$0$834,482
91$2,072,004$0$0$868,285
92$2,155,606$0$0$903,920
93$2,243,711$0$0$941,522
94$2,336,653$0$0$981,240
95$2,434,793$0$0$1,023,234
96$2,538,527$0$0$1,067,683
97$2,648,287$0$0$1,114,777
98$2,764,543$0$0$1,164,728
99$2,887,811$0$0$1,217,766
100$3,018,653$0$0$1,274,142