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%16.2%
1 years$60,035$59,500$58,978$58,469$57,972$56,502
2 years$29,720$29,167$28,630$28,110$27,606$26,134
3 years$19,617$19,061$18,526$18,010$17,514$16,087
4 years$14,566$14,012$13,482$12,976$12,491$11,120
5 years$11,536$10,985$10,463$9,966$9,496$8,183
6 years$9,517$8,970$8,455$7,970$7,514$6,262
7 years$8,075$7,533$7,026$6,553$6,111$4,920
8 years$6,995$6,457$5,959$5,497$5,069$3,939
9 years$6,155$5,622$5,132$4,682$4,269$3,198
10 years$5,483$4,956$4,475$4,036$3,637$2,624
11 years$4,934$4,412$3,939$3,513$3,128$2,172
12 years$4,476$3,960$3,496$3,081$2,711$1,809
13 years$4,089$3,579$3,124$2,720$2,364$1,515
14 years$3,758$3,253$2,806$2,415$2,072$1,274
15 years$3,472$2,972$2,534$2,153$1,825$1,076
16 years$3,221$2,726$2,297$1,928$1,613$911
17 years$3,000$2,511$2,090$1,732$1,430$773
18 years$2,804$2,320$1,908$1,561$1,271$658
19 years$2,628$2,150$1,747$1,411$1,133$560
20 years$2,471$1,998$1,603$1,278$1,012$478
21 years$2,328$1,861$1,475$1,160$906$409
22 years$2,199$1,737$1,359$1,054$812$349
23 years$2,081$1,625$1,255$960$729$299
24 years$1,973$1,522$1,161$876$655$256
25 years$1,874$1,429$1,075$800$589$220
26 years$1,783$1,343$997$731$531$188
27 years$1,699$1,264$926$669$479$162
28 years$1,620$1,191$861$613$432$139
29 years$1,548$1,123$801$562$390$119
30 years$1,480$1,061$746$516$352$102
31 years$1,417$1,003$695$474$319$88
32 years$1,357$949$649$436$288$76
33 years$1,302$899$606$401$261$65
34 years$1,250$852$566$369$236$56
35 years$1,201$808$529$339$214$48
36 years$1,155$767$495$312$194$41
37 years$1,111$728$463$288$176$36
38 years$1,070$692$434$265$159$31
39 years$1,031$658$407$245$144$26
40 years$994$626$381$226$131$23
41 years$959$596$357$208$119$19
42 years$926$568$335$192$108$17
43 years$894$541$315$177$98$14
44 years$864$516$295$164$89$12
45 years$835$492$277$151$81$11
46 years$808$469$260$140$73$9
47 years$782$448$245$129$66$8
48 years$757$427$230$119$60$7
49 years$733$408$216$110$55$6
50 years$710$390$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $727,000, adding $6,855 every year, while hoping to spend $26,415 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: 87/6/7 Blend
63$727,000$727,000$727,000$727,000
64$808,225$769,694$758,425$877,526
65$862,559$779,304$755,727$933,334
66$921,549$788,499$752,054$990,287
67$985,643$797,231$747,343$1,052,031
68$1,055,333$805,450$741,534$1,119,031
69$1,131,159$813,099$734,557$1,191,797
70$1,213,718$820,121$726,345$1,270,891
71$1,303,663$826,454$716,824$1,356,933
72$1,401,717$832,030$705,918$1,450,603
73$1,508,672$836,780$693,546$1,552,653
74$1,625,402$840,627$679,626$1,663,908
75$1,752,868$843,493$664,068$1,785,280
76$1,892,128$845,292$646,782$1,917,770
77$2,044,348$845,934$627,672$2,062,484
78$2,210,810$845,323$606,637$2,220,638
79$2,392,925$843,357$583,573$2,393,572
80$2,592,250$839,928$558,369$2,582,762
81$2,810,497$834,921$530,911$2,789,835
82$3,049,550$828,215$501,079$3,016,581
83$3,311,486$819,680$468,748$3,264,975
84$3,598,593$809,179$433,786$3,537,191
85$3,913,389$796,569$396,057$3,835,626
86$4,258,648$781,694$355,419$4,162,918
87$4,637,426$764,392$311,720$4,521,976
88$5,053,087$744,491$264,807$4,916,005
89$5,509,339$721,808$214,515$5,348,536
90$6,010,265$696,150$160,674$5,823,459
91$6,560,363$667,312$103,108$6,345,061
92$7,164,588$635,078$41,630$6,918,065
93$7,828,398$599,220$0$7,547,678
94$8,557,808$559,495$0$8,241,425
95$9,359,441$515,647$0$9,007,270
96$10,240,596$467,405$0$9,849,081
97$11,209,313$414,484$0$10,774,548
98$12,274,451$356,582$0$11,792,146
99$13,445,769$293,379$0$12,911,211
100$14,734,020$224,537$0$14,142,031