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%17.3%
1 years$60,283$59,746$59,222$58,711$58,211$56,484
2 years$29,843$29,287$28,748$28,226$27,720$25,993
3 years$19,698$19,139$18,602$18,085$17,586$15,916
4 years$14,626$14,070$13,538$13,029$12,543$10,940
5 years$11,584$11,031$10,506$10,008$9,535$8,005
6 years$9,556$9,007$8,490$8,003$7,545$6,089
7 years$8,109$7,564$7,055$6,580$6,136$4,754
8 years$7,024$6,484$5,984$5,520$5,090$3,781
9 years$6,180$5,646$5,154$4,702$4,287$3,050
10 years$5,505$4,976$4,493$4,053$3,652$2,485
11 years$4,954$4,430$3,956$3,527$3,141$2,042
12 years$4,495$3,976$3,510$3,094$2,722$1,689
13 years$4,106$3,593$3,136$2,731$2,374$1,404
14 years$3,774$3,266$2,818$2,425$2,081$1,172
15 years$3,486$2,984$2,544$2,162$1,832$982
16 years$3,234$2,738$2,307$1,936$1,619$825
17 years$3,012$2,521$2,099$1,740$1,436$695
18 years$2,815$2,330$1,916$1,568$1,277$586
19 years$2,639$2,159$1,754$1,417$1,138$495
20 years$2,481$2,006$1,610$1,283$1,016$419
21 years$2,338$1,869$1,481$1,164$910$355
22 years$2,208$1,745$1,365$1,059$815$301
23 years$2,090$1,632$1,260$964$732$255
24 years$1,982$1,529$1,165$879$658$217
25 years$1,882$1,435$1,079$803$592$184
26 years$1,790$1,348$1,001$734$533$157
27 years$1,706$1,269$930$672$481$133
28 years$1,627$1,196$864$616$434$113
29 years$1,554$1,128$804$565$392$97
30 years$1,486$1,065$749$518$354$82
31 years$1,422$1,007$698$476$320$70
32 years$1,363$953$652$437$289$60
33 years$1,307$902$608$402$262$51
34 years$1,255$855$568$370$237$43
35 years$1,206$811$531$341$215$37
36 years$1,159$770$497$314$195$31
37 years$1,116$731$465$289$176$27
38 years$1,074$695$436$266$160$23
39 years$1,035$661$408$246$145$19
40 years$998$629$383$227$132$17
41 years$963$598$359$209$119$14
42 years$929$570$337$193$108$12
43 years$898$543$316$178$98$10
44 years$867$518$296$164$89$9
45 years$839$494$278$152$81$7
46 years$811$471$261$140$74$6
47 years$785$449$246$130$67$5
48 years$760$429$231$120$61$5
49 years$736$410$217$111$55$4
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $730,000, adding $6,111 every year, while hoping to spend $27,489 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: 39/32/29 Blend
63$730,000$730,000$730,000$730,000
64$810,763$772,073$760,758$835,219
65$864,213$780,657$756,996$862,262
66$922,194$788,740$752,186$888,512
67$985,138$796,268$746,264$916,379
68$1,053,522$803,185$739,164$946,027
69$1,127,870$809,430$730,815$977,640
70$1,208,758$814,938$721,143$1,011,422
71$1,296,822$819,640$710,071$1,047,600
72$1,392,758$823,463$697,519$1,086,425
73$1,497,335$826,328$683,401$1,128,175
74$1,611,397$828,153$667,630$1,173,160
75$1,735,877$828,849$650,113$1,221,721
76$1,871,797$828,323$630,752$1,274,239
77$2,020,285$826,476$609,447$1,331,135
78$2,182,582$823,201$586,091$1,392,875
79$2,360,054$818,387$560,574$1,459,975
80$2,554,206$811,915$532,780$1,533,008
81$2,766,695$803,658$502,588$1,612,606
82$2,999,344$793,484$469,871$1,699,472
83$3,254,163$781,250$434,498$1,794,381
84$3,533,363$766,807$396,329$1,898,193
85$3,839,381$749,995$355,220$2,011,857
86$4,174,899$730,647$311,022$2,136,426
87$4,542,873$708,583$263,575$2,273,062
88$4,946,558$683,615$212,717$2,423,052
89$5,389,538$655,543$158,274$2,587,819
90$5,875,763$624,157$100,068$2,768,934
91$6,409,583$589,232$37,912$2,968,136
92$6,995,788$550,533$0$3,187,348
93$7,639,658$507,808$0$3,437,486
94$8,347,007$460,795$0$3,725,194
95$9,124,241$409,213$0$4,041,387
96$9,978,417$352,768$0$4,389,000
97$10,917,309$291,147$0$4,771,266
98$11,949,482$224,021$0$5,191,758
99$13,084,374$151,042$0$5,654,413
100$14,332,379$71,843$0$6,163,575