Can I retire at age 64 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$60,200$59,664$59,141$58,630$58,131$56,543
2 years$29,802$29,247$28,709$28,188$27,682$26,093
3 years$19,671$19,113$18,577$18,060$17,562$16,023
4 years$14,606$14,050$13,519$13,011$12,526$11,047
5 years$11,568$11,016$10,491$9,994$9,522$8,109
6 years$9,543$8,995$8,479$7,992$7,534$6,188
7 years$8,098$7,554$7,046$6,571$6,127$4,848
8 years$7,014$6,475$5,975$5,512$5,083$3,870
9 years$6,171$5,638$5,147$4,695$4,281$3,132
10 years$5,498$4,969$4,487$4,047$3,647$2,562
11 years$4,947$4,424$3,950$3,522$3,137$2,114
12 years$4,488$3,971$3,506$3,090$2,718$1,755
13 years$4,101$3,588$3,132$2,728$2,371$1,465
14 years$3,769$3,262$2,814$2,421$2,078$1,228
15 years$3,481$2,980$2,541$2,159$1,830$1,033
16 years$3,230$2,734$2,304$1,933$1,617$872
17 years$3,008$2,518$2,096$1,737$1,434$737
18 years$2,811$2,326$1,914$1,566$1,275$625
19 years$2,636$2,156$1,752$1,415$1,136$530
20 years$2,478$2,004$1,608$1,281$1,015$451
21 years$2,335$1,866$1,479$1,163$908$384
22 years$2,205$1,742$1,363$1,057$814$327
23 years$2,087$1,629$1,258$963$731$279
24 years$1,979$1,527$1,164$878$657$238
25 years$1,879$1,433$1,078$802$591$203
26 years$1,788$1,346$1,000$733$532$173
27 years$1,703$1,267$928$671$480$148
28 years$1,625$1,194$863$615$433$127
29 years$1,552$1,126$803$564$391$108
30 years$1,484$1,064$748$518$353$93
31 years$1,421$1,006$697$475$320$79
32 years$1,361$952$651$437$289$68
33 years$1,306$901$608$402$262$58
34 years$1,253$854$568$370$237$50
35 years$1,204$810$531$340$214$43
36 years$1,158$769$496$313$194$36
37 years$1,114$730$465$289$176$31
38 years$1,073$694$435$266$160$27
39 years$1,034$660$408$245$145$23
40 years$997$628$382$226$131$20
41 years$962$598$358$209$119$17
42 years$928$569$336$193$108$14
43 years$896$542$315$178$98$12
44 years$866$517$296$164$89$11
45 years$837$493$278$152$81$9
46 years$810$470$261$140$73$8
47 years$784$449$245$129$67$7
48 years$759$428$231$120$61$6
49 years$735$409$217$111$55$5
50 years$712$391$204$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $729,000, adding $4,064 every year, while hoping to spend $57,132 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: 68/8/24 Blend
63$729,000$729,000$729,000$729,000
64$807,550$768,913$757,614$857,250
65$829,132$745,802$722,206$867,985
66$851,001$719,643$683,697$872,781
67$873,125$690,228$641,922$876,691
68$895,468$657,334$596,712$879,625
69$917,989$620,726$547,885$881,489
70$940,640$580,157$495,254$882,180
71$963,364$535,364$438,625$881,585
72$986,100$486,070$377,791$879,584
73$1,008,776$431,981$312,541$876,047
74$1,031,311$372,788$242,651$870,830
75$1,053,614$308,163$167,888$863,781
76$1,075,579$237,761$88,010$854,732
77$1,097,093$161,215$2,762$843,504
78$1,118,022$78,140$0$829,899
79$1,138,220$0$0$836,296
80$1,157,523$0$0$843,141
81$1,175,746$0$0$856,032
82$1,192,682$0$0$867,935
83$1,208,101$0$0$878,676
84$1,221,747$0$0$888,063
85$1,233,333$0$0$895,880
86$1,242,540$0$0$901,887
87$1,249,013$0$0$905,817
88$1,252,359$0$0$907,375
89$1,252,138$0$0$906,230
90$1,247,864$0$0$902,017
91$1,238,996$0$0$894,329
92$1,224,935$0$0$882,717
93$1,205,015$0$0$866,682
94$1,178,501$0$0$845,669
95$1,144,575$0$0$819,067
96$1,102,334$0$0$786,196
97$1,050,776$0$0$746,306
98$988,793$0$0$698,564
99$915,160$0$0$642,050
100$828,519$0$0$575,747