Can I retire at age 64 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$60,283$59,746$59,222$58,711$58,211$57,176
2 years$29,843$29,287$28,748$28,226$27,720$26,680
3 years$19,698$19,139$18,602$18,085$17,586$16,575
4 years$14,626$14,070$13,538$13,029$12,543$11,568
5 years$11,584$11,031$10,506$10,008$9,535$8,599
6 years$9,556$9,007$8,490$8,003$7,545$6,648
7 years$8,109$7,564$7,055$6,580$6,136$5,279
8 years$7,024$6,484$5,984$5,520$5,090$4,274
9 years$6,180$5,646$5,154$4,702$4,287$3,509
10 years$5,505$4,976$4,493$4,053$3,652$2,914
11 years$4,954$4,430$3,956$3,527$3,141$2,441
12 years$4,495$3,976$3,510$3,094$2,722$2,058
13 years$4,106$3,593$3,136$2,731$2,374$1,746
14 years$3,774$3,266$2,818$2,425$2,081$1,488
15 years$3,486$2,984$2,544$2,162$1,832$1,273
16 years$3,234$2,738$2,307$1,936$1,619$1,092
17 years$3,012$2,521$2,099$1,740$1,436$940
18 years$2,815$2,330$1,916$1,568$1,277$811
19 years$2,639$2,159$1,754$1,417$1,138$700
20 years$2,481$2,006$1,610$1,283$1,016$606
21 years$2,338$1,869$1,481$1,164$910$526
22 years$2,208$1,745$1,365$1,059$815$456
23 years$2,090$1,632$1,260$964$732$396
24 years$1,982$1,529$1,165$879$658$345
25 years$1,882$1,435$1,079$803$592$300
26 years$1,790$1,348$1,001$734$533$261
27 years$1,706$1,269$930$672$481$228
28 years$1,627$1,196$864$616$434$198
29 years$1,554$1,128$804$565$392$173
30 years$1,486$1,065$749$518$354$151
31 years$1,422$1,007$698$476$320$132
32 years$1,363$953$652$437$289$115
33 years$1,307$902$608$402$262$101
34 years$1,255$855$568$370$237$88
35 years$1,206$811$531$341$215$77
36 years$1,159$770$497$314$195$67
37 years$1,116$731$465$289$176$59
38 years$1,074$695$436$266$160$51
39 years$1,035$661$408$246$145$45
40 years$998$629$383$227$132$39
41 years$963$598$359$209$119$34
42 years$929$570$337$193$108$30
43 years$898$543$316$178$98$26
44 years$867$518$296$164$89$23
45 years$839$494$278$152$81$20
46 years$811$471$261$140$74$18
47 years$785$449$246$130$67$15
48 years$760$429$231$120$61$13
49 years$736$410$217$111$55$12
50 years$713$391$204$102$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $730,000, adding $6,612 every year, while hoping to spend $39,698 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: 40/31/29 Blend
63$730,000$730,000$730,000$730,000
64$811,280$772,590$761,275$836,568
65$851,793$768,209$744,540$851,209
66$895,106$762,282$725,913$862,879
67$941,466$754,693$705,290$874,756
68$991,139$745,316$682,560$886,882
69$1,044,418$734,019$657,608$899,312
70$1,101,625$720,663$630,315$912,104
71$1,163,113$705,098$600,553$925,329
72$1,229,271$687,168$568,192$939,067
73$1,300,524$666,706$533,094$953,410
74$1,377,339$643,537$495,114$968,465
75$1,460,231$617,473$454,104$984,352
76$1,549,763$588,318$409,905$1,001,209
77$1,646,557$555,863$362,354$1,019,193
78$1,751,292$519,887$311,280$1,038,480
79$1,864,720$480,157$256,503$1,059,273
80$1,987,663$436,427$197,838$1,081,798
81$2,121,028$388,435$135,089$1,106,311
82$2,265,810$335,906$68,052$1,133,101
83$2,423,106$278,549$0$1,162,492
84$2,594,121$216,056$0$1,195,930
85$2,780,182$148,103$0$1,255,286
86$2,982,746$74,346$0$1,320,013
87$3,203,420$0$0$1,390,698
88$3,443,970$0$0$1,469,900
89$3,706,342$0$0$1,584,035
90$3,992,674$0$0$1,708,684
91$4,305,323$0$0$1,844,884
92$4,646,883$0$0$1,993,777
93$5,020,207$0$0$2,156,620
94$5,428,441$0$0$2,334,796
95$5,875,043$0$0$2,529,829
96$6,363,825$0$0$2,743,398
97$6,898,983$0$0$2,977,350
98$7,485,138$0$0$3,233,719
99$8,127,377$0$0$3,514,748
100$8,831,306$0$0$3,822,904