Can I retire at age 64 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$60,365$59,828$59,303$58,791$58,291$57,706
2 years$29,884$29,327$28,788$28,265$27,758$27,169
3 years$19,725$19,166$18,628$18,110$17,611$17,036
4 years$14,646$14,089$13,556$13,047$12,560$12,004
5 years$11,600$11,046$10,520$10,021$9,548$9,012
6 years$9,569$9,020$8,502$8,014$7,555$7,039
7 years$8,120$7,575$7,065$6,589$6,144$5,650
8 years$7,033$6,493$5,992$5,527$5,097$4,624
9 years$6,188$5,653$5,161$4,708$4,293$3,840
10 years$5,513$4,983$4,499$4,058$3,657$3,225
11 years$4,961$4,436$3,961$3,532$3,146$2,734
12 years$4,501$3,982$3,515$3,098$2,726$2,334
13 years$4,112$3,598$3,141$2,735$2,377$2,004
14 years$3,779$3,271$2,822$2,428$2,084$1,730
15 years$3,491$2,988$2,548$2,165$1,835$1,499
16 years$3,239$2,741$2,310$1,939$1,621$1,303
17 years$3,016$2,525$2,102$1,742$1,438$1,137
18 years$2,819$2,333$1,919$1,570$1,278$994
19 years$2,643$2,162$1,757$1,418$1,139$871
20 years$2,484$2,009$1,612$1,285$1,018$765
21 years$2,341$1,871$1,483$1,166$911$672
22 years$2,211$1,747$1,367$1,060$816$592
23 years$2,093$1,634$1,262$965$733$522
24 years$1,984$1,531$1,167$881$659$461
25 years$1,885$1,437$1,081$804$593$407
26 years$1,793$1,350$1,002$735$534$360
27 years$1,708$1,271$931$673$481$318
28 years$1,629$1,197$865$617$434$282
29 years$1,556$1,130$805$565$392$250
30 years$1,488$1,067$750$519$354$221
31 years$1,424$1,008$699$477$320$196
32 years$1,365$954$652$438$290$174
33 years$1,309$904$609$403$262$154
34 years$1,257$856$569$371$237$137
35 years$1,207$812$532$341$215$122
36 years$1,161$771$498$314$195$108
37 years$1,117$732$466$290$177$96
38 years$1,076$696$436$267$160$85
39 years$1,037$662$409$246$145$76
40 years$999$630$383$227$132$67
41 years$964$599$359$209$119$60
42 years$931$571$337$193$108$53
43 years$899$544$316$178$98$47
44 years$869$518$297$165$89$42
45 years$840$494$279$152$81$37
46 years$812$472$262$141$74$33
47 years$786$450$246$130$67$30
48 years$761$430$231$120$61$26
49 years$737$410$217$111$55$23
50 years$714$392$204$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $731,000, adding $3,496 every year, while hoping to spend $56,587 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: 67/11/22 Blend
63$731,000$731,000$731,000$731,000
64$809,168$770,425$759,095$858,643
65$831,495$747,968$724,316$869,805
66$854,203$722,514$686,476$875,184
67$877,271$693,856$645,412$879,731
68$900,673$661,776$600,954$883,364
69$924,382$626,042$552,926$885,994
70$948,361$586,411$501,142$887,525
71$972,572$542,623$445,408$887,856
72$996,968$494,405$385,522$886,874
73$1,021,495$441,468$321,274$884,458
74$1,046,094$383,506$252,443$880,479
75$1,070,695$320,197$178,799$874,797
76$1,095,219$251,200$100,102$867,258
77$1,119,577$176,154$16,101$857,700
78$1,143,667$94,679$0$845,944
79$1,167,377$6,374$0$849,061
80$1,190,577$0$0$854,736
81$1,213,123$0$0$869,821
82$1,234,854$0$0$885,051
83$1,255,589$0$0$899,519
84$1,275,123$0$0$913,075
85$1,293,232$0$0$925,551
86$1,309,661$0$0$936,758
87$1,324,128$0$0$946,488
88$1,336,319$0$0$954,507
89$1,345,882$0$0$960,556
90$1,352,429$0$0$964,345
91$1,355,526$0$0$965,554
92$1,354,690$0$0$963,825
93$1,349,388$0$0$958,764
94$1,339,025$0$0$949,930
95$1,322,943$0$0$936,836
96$1,300,412$0$0$918,942
97$1,270,622$0$0$895,650
98$1,232,678$0$0$866,295
99$1,185,585$0$0$830,143
100$1,128,244$0$0$786,382