Can I retire at age 64 with 726,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$59,952$59,418$58,897$58,389$57,892$56,084
2 years$29,679$29,127$28,591$28,072$27,568$25,762
3 years$19,590$19,035$18,500$17,986$17,490$15,744
4 years$14,546$13,992$13,463$12,958$12,474$10,800
5 years$11,520$10,970$10,448$9,953$9,483$7,886
6 years$9,504$8,958$8,444$7,959$7,503$5,985
7 years$8,064$7,523$7,017$6,544$6,102$4,662
8 years$6,985$6,449$5,951$5,489$5,062$3,700
9 years$6,146$5,615$5,125$4,676$4,263$2,977
10 years$5,475$4,949$4,468$4,031$3,632$2,420
11 years$4,927$4,406$3,934$3,508$3,124$1,983
12 years$4,470$3,954$3,491$3,077$2,707$1,636
13 years$4,084$3,574$3,119$2,716$2,361$1,356
14 years$3,753$3,248$2,803$2,411$2,069$1,129
15 years$3,467$2,967$2,530$2,150$1,822$943
16 years$3,216$2,723$2,294$1,925$1,610$790
17 years$2,996$2,507$2,088$1,730$1,428$663
18 years$2,800$2,317$1,906$1,559$1,270$558
19 years$2,625$2,147$1,745$1,409$1,132$470
20 years$2,467$1,995$1,601$1,276$1,011$397
21 years$2,325$1,859$1,473$1,158$905$335
22 years$2,196$1,735$1,357$1,053$811$283
23 years$2,078$1,623$1,253$959$728$240
24 years$1,971$1,520$1,159$875$654$203
25 years$1,872$1,427$1,074$799$589$172
26 years$1,781$1,341$996$730$530$146
27 years$1,696$1,262$925$668$478$123
28 years$1,618$1,189$859$612$431$105
29 years$1,545$1,122$800$562$390$89
30 years$1,478$1,059$745$515$352$75
31 years$1,415$1,002$695$473$318$64
32 years$1,356$948$648$435$288$54
33 years$1,300$897$605$400$260$46
34 years$1,248$851$565$368$236$39
35 years$1,199$807$529$339$214$33
36 years$1,153$766$494$312$194$28
37 years$1,110$727$463$288$175$24
38 years$1,068$691$433$265$159$20
39 years$1,029$657$406$244$144$17
40 years$993$625$381$225$131$15
41 years$958$595$357$208$119$12
42 years$924$567$335$192$108$11
43 years$893$540$314$177$98$9
44 years$863$515$295$164$89$8
45 years$834$491$277$151$81$6
46 years$807$468$260$140$73$6
47 years$780$447$244$129$66$5
48 years$756$427$230$119$60$4
49 years$732$407$216$110$55$3
50 years$709$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $726,000, adding $6,483 every year, while hoping to spend $32,642 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: 65/13/22 Blend
63$726,000$726,000$726,000$726,000
64$806,739$768,261$757,008$854,221
65$854,296$771,175$747,637$889,867
66$905,609$773,138$736,858$924,527
67$961,028$774,068$724,590$961,652
68$1,020,935$773,880$710,746$1,001,483
69$1,085,753$772,482$695,238$1,044,291
70$1,155,943$769,777$677,972$1,090,373
71$1,232,015$765,662$658,850$1,140,057
72$1,314,529$760,028$637,769$1,193,705
73$1,404,099$752,758$614,623$1,251,720
74$1,501,404$743,730$589,300$1,314,542
75$1,607,188$732,813$561,682$1,382,663
76$1,722,270$719,870$531,647$1,456,621
77$1,847,551$704,753$499,067$1,537,014
78$1,984,024$687,309$463,808$1,624,501
79$2,132,779$667,372$425,731$1,719,809
80$2,295,019$644,769$384,689$1,823,743
81$2,472,065$619,318$340,531$1,937,189
82$2,665,373$590,821$293,096$2,061,128
83$2,876,545$559,075$242,218$2,196,642
84$3,107,345$523,862$187,725$2,344,924
85$3,359,714$484,951$129,433$2,507,294
86$3,635,790$442,099$67,154$2,685,206
87$3,937,928$395,049$691$2,880,267
88$4,268,719$343,529$0$3,094,250
89$4,631,018$287,252$0$3,345,600
90$5,027,969$225,914$0$3,621,232
91$5,463,033$159,196$0$3,923,420
92$5,940,024$86,757$0$4,254,849
93$6,463,140$8,242$0$4,618,477
94$7,037,007$0$0$5,017,567
95$7,666,719$0$0$5,466,687
96$8,357,888$0$0$5,960,984
97$9,116,694$0$0$6,503,706
98$9,949,947$0$0$7,099,728
99$10,865,148$0$0$7,754,422
100$11,870,559$0$0$8,473,707