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%14%
1 years$59,952$59,418$58,897$58,389$57,892$56,933
2 years$29,679$29,127$28,591$28,072$27,568$26,604
3 years$19,590$19,035$18,500$17,986$17,490$16,552
4 years$14,546$13,992$13,463$12,958$12,474$11,569
5 years$11,520$10,970$10,448$9,953$9,483$8,613
6 years$9,504$8,958$8,444$7,959$7,503$6,670
7 years$8,064$7,523$7,017$6,544$6,102$5,306
8 years$6,985$6,449$5,951$5,489$5,062$4,302
9 years$6,146$5,615$5,125$4,676$4,263$3,539
10 years$5,475$4,949$4,468$4,031$3,632$2,944
11 years$4,927$4,406$3,934$3,508$3,124$2,471
12 years$4,470$3,954$3,491$3,077$2,707$2,088
13 years$4,084$3,574$3,119$2,716$2,361$1,774
14 years$3,753$3,248$2,803$2,411$2,069$1,515
15 years$3,467$2,967$2,530$2,150$1,822$1,299
16 years$3,216$2,723$2,294$1,925$1,610$1,117
17 years$2,996$2,507$2,088$1,730$1,428$963
18 years$2,800$2,317$1,906$1,559$1,270$832
19 years$2,625$2,147$1,745$1,409$1,132$721
20 years$2,467$1,995$1,601$1,276$1,011$625
21 years$2,325$1,859$1,473$1,158$905$543
22 years$2,196$1,735$1,357$1,053$811$473
23 years$2,078$1,623$1,253$959$728$412
24 years$1,971$1,520$1,159$875$654$359
25 years$1,872$1,427$1,074$799$589$313
26 years$1,781$1,341$996$730$530$273
27 years$1,696$1,262$925$668$478$239
28 years$1,618$1,189$859$612$431$209
29 years$1,545$1,122$800$562$390$182
30 years$1,478$1,059$745$515$352$160
31 years$1,415$1,002$695$473$318$140
32 years$1,356$948$648$435$288$122
33 years$1,300$897$605$400$260$107
34 years$1,248$851$565$368$236$94
35 years$1,199$807$529$339$214$82
36 years$1,153$766$494$312$194$72
37 years$1,110$727$463$288$175$63
38 years$1,068$691$433$265$159$55
39 years$1,029$657$406$244$144$48
40 years$993$625$381$225$131$42
41 years$958$595$357$208$119$37
42 years$924$567$335$192$108$33
43 years$893$540$314$177$98$29
44 years$863$515$295$164$89$25
45 years$834$491$277$151$81$22
46 years$807$468$260$140$73$19
47 years$780$447$244$129$66$17
48 years$756$427$230$119$60$15
49 years$732$407$216$110$55$13
50 years$709$389$203$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $726,000, adding $2,468 every year, while hoping to spend $39,580 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: 43/41/16 Blend
63$726,000$726,000$726,000$726,000
64$802,598$764,120$752,867$833,277
65$842,350$759,449$735,975$850,407
66$884,830$753,222$717,191$864,845
67$930,275$745,323$696,409$879,640
68$978,944$735,624$673,519$894,844
69$1,031,121$723,995$648,407$910,515
70$1,087,119$710,294$620,952$926,722
71$1,147,279$694,372$591,028$943,540
72$1,211,978$676,073$558,504$961,061
73$1,281,628$655,228$523,242$979,383
74$1,356,682$631,662$485,098$998,623
75$1,437,637$605,188$443,923$1,018,912
76$1,525,042$575,608$399,560$1,040,396
77$1,619,496$542,712$351,845$1,063,245
78$1,721,659$506,280$300,607$1,087,648
79$1,832,258$466,077$245,666$1,113,818
80$1,952,090$421,856$186,838$1,141,997
81$2,082,032$373,357$123,926$1,172,455
82$2,223,050$320,302$56,728$1,205,499
83$2,376,204$262,399$0$1,241,469
84$2,542,661$199,341$0$1,283,309
85$2,723,706$130,803$0$1,339,391
86$2,920,751$56,438$0$1,400,542
87$3,135,349$0$0$1,467,343
88$3,369,213$0$0$1,551,318
89$3,624,223$0$0$1,670,732
90$3,902,452$0$0$1,801,105
91$4,206,180$0$0$1,943,514
92$4,537,917$0$0$2,099,147
93$4,900,426$0$0$2,269,313
94$5,296,750$0$0$2,455,452
95$5,730,238$0$0$2,659,149
96$6,204,579$0$0$2,882,150
97$6,723,832$0$0$3,126,379
98$7,292,471$0$0$3,393,951
99$7,915,419$0$0$3,687,199
100$8,598,100$0$0$4,008,690