Can I retire at age 64 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$60,035$59,500$58,978$58,469$57,972$56,918
2 years$29,720$29,167$28,630$28,110$27,606$26,548
3 years$19,617$19,061$18,526$18,010$17,514$16,485
4 years$14,566$14,012$13,482$12,976$12,491$11,499
5 years$11,536$10,985$10,463$9,966$9,496$8,543
6 years$9,517$8,970$8,455$7,970$7,514$6,601
7 years$8,075$7,533$7,026$6,553$6,111$5,239
8 years$6,995$6,457$5,959$5,497$5,069$4,239
9 years$6,155$5,622$5,132$4,682$4,269$3,479
10 years$5,483$4,956$4,475$4,036$3,637$2,887
11 years$4,934$4,412$3,939$3,513$3,128$2,416
12 years$4,476$3,960$3,496$3,081$2,711$2,036
13 years$4,089$3,579$3,124$2,720$2,364$1,726
14 years$3,758$3,253$2,806$2,415$2,072$1,470
15 years$3,472$2,972$2,534$2,153$1,825$1,257
16 years$3,221$2,726$2,297$1,928$1,613$1,078
17 years$3,000$2,511$2,090$1,732$1,430$927
18 years$2,804$2,320$1,908$1,561$1,271$799
19 years$2,628$2,150$1,747$1,411$1,133$690
20 years$2,471$1,998$1,603$1,278$1,012$596
21 years$2,328$1,861$1,475$1,160$906$517
22 years$2,199$1,737$1,359$1,054$812$448
23 years$2,081$1,625$1,255$960$729$389
24 years$1,973$1,522$1,161$876$655$338
25 years$1,874$1,429$1,075$800$589$294
26 years$1,783$1,343$997$731$531$256
27 years$1,699$1,264$926$669$479$223
28 years$1,620$1,191$861$613$432$194
29 years$1,548$1,123$801$562$390$169
30 years$1,480$1,061$746$516$352$147
31 years$1,417$1,003$695$474$319$129
32 years$1,357$949$649$436$288$112
33 years$1,302$899$606$401$261$98
34 years$1,250$852$566$369$236$85
35 years$1,201$808$529$339$214$75
36 years$1,155$767$495$312$194$65
37 years$1,111$728$463$288$176$57
38 years$1,070$692$434$265$159$50
39 years$1,031$658$407$245$144$43
40 years$994$626$381$226$131$38
41 years$959$596$357$208$119$33
42 years$926$568$335$192$108$29
43 years$894$541$315$177$98$25
44 years$864$516$295$164$89$22
45 years$835$492$277$151$81$19
46 years$808$469$260$140$73$17
47 years$782$448$245$129$66$15
48 years$757$427$230$119$60$13
49 years$733$408$216$110$55$11
50 years$710$390$203$102$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $727,000, adding $5,849 every year, while hoping to spend $24,797 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: 55/32/13 Blend
63$727,000$727,000$727,000$727,000
64$807,187$768,656$757,388$848,558
65$863,137$779,937$756,376$888,588
66$923,962$790,939$754,500$928,958
67$990,133$801,622$751,704$972,341
68$1,062,171$811,945$747,929$1,019,028
69$1,140,643$821,862$743,116$1,069,342
70$1,226,180$831,324$737,201$1,123,639
71$1,319,470$840,279$730,118$1,182,310
72$1,421,275$848,672$721,796$1,245,789
73$1,532,431$856,443$712,162$1,314,554
74$1,653,861$863,530$701,141$1,389,132
75$1,786,577$869,865$688,652$1,470,104
76$1,931,697$875,378$674,611$1,558,111
77$2,090,451$879,992$658,931$1,653,863
78$2,264,191$883,626$641,519$1,758,139
79$2,454,409$886,194$622,281$1,871,803
80$2,662,747$887,606$601,115$1,995,804
81$2,891,011$887,763$577,917$2,131,191
82$3,141,194$886,562$552,576$2,279,123
83$3,415,487$883,895$524,979$2,440,876
84$3,716,305$879,645$495,004$2,617,859
85$4,046,309$873,688$462,527$2,811,625
86$4,408,428$865,894$427,417$3,023,890
87$4,805,888$856,124$389,537$3,256,543
88$5,242,246$844,231$348,743$3,511,671
89$5,721,416$830,059$304,887$3,791,576
90$6,247,712$813,443$257,812$4,098,795
91$6,825,885$794,209$207,356$4,436,127
92$7,461,171$772,170$153,348$4,806,661
93$8,159,335$747,132$95,610$5,213,803
94$8,926,732$718,886$33,958$5,661,308
95$9,770,361$687,213$0$6,153,320
96$10,697,932$651,881$0$6,698,823
97$11,717,942$612,644$0$7,303,753
98$12,839,750$569,243$0$7,968,981
99$14,073,671$521,401$0$8,700,667
100$15,431,066$468,830$0$9,505,598