Can I retire at age 64 with 731,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$60,365$59,828$59,303$58,791$58,291$56,223
2 years$29,884$29,327$28,788$28,265$27,758$25,696
3 years$19,725$19,166$18,628$18,110$17,611$15,620
4 years$14,646$14,089$13,556$13,047$12,560$10,656
5 years$11,600$11,046$10,520$10,021$9,548$7,736
6 years$9,569$9,020$8,502$8,014$7,555$5,836
7 years$8,120$7,575$7,065$6,589$6,144$4,518
8 years$7,033$6,493$5,992$5,527$5,097$3,562
9 years$6,188$5,653$5,161$4,708$4,293$2,846
10 years$5,513$4,983$4,499$4,058$3,657$2,298
11 years$4,961$4,436$3,961$3,532$3,146$1,870
12 years$4,501$3,982$3,515$3,098$2,726$1,531
13 years$4,112$3,598$3,141$2,735$2,377$1,260
14 years$3,779$3,271$2,822$2,428$2,084$1,041
15 years$3,491$2,988$2,548$2,165$1,835$863
16 years$3,239$2,741$2,310$1,939$1,621$717
17 years$3,016$2,525$2,102$1,742$1,438$597
18 years$2,819$2,333$1,919$1,570$1,278$498
19 years$2,643$2,162$1,757$1,418$1,139$416
20 years$2,484$2,009$1,612$1,285$1,018$348
21 years$2,341$1,871$1,483$1,166$911$292
22 years$2,211$1,747$1,367$1,060$816$244
23 years$2,093$1,634$1,262$965$733$205
24 years$1,984$1,531$1,167$881$659$172
25 years$1,885$1,437$1,081$804$593$144
26 years$1,793$1,350$1,002$735$534$121
27 years$1,708$1,271$931$673$481$102
28 years$1,629$1,197$865$617$434$86
29 years$1,556$1,130$805$565$392$72
30 years$1,488$1,067$750$519$354$61
31 years$1,424$1,008$699$477$320$51
32 years$1,365$954$652$438$290$43
33 years$1,309$904$609$403$262$36
34 years$1,257$856$569$371$237$30
35 years$1,207$812$532$341$215$26
36 years$1,161$771$498$314$195$21
37 years$1,117$732$466$290$177$18
38 years$1,076$696$436$267$160$15
39 years$1,037$662$409$246$145$13
40 years$999$630$383$227$132$11
41 years$964$599$359$209$119$9
42 years$931$571$337$193$108$8
43 years$899$544$316$178$98$6
44 years$869$518$297$165$89$5
45 years$840$494$279$152$81$5
46 years$812$472$262$141$74$4
47 years$786$450$246$130$67$3
48 years$761$430$231$120$61$3
49 years$737$410$217$111$55$2
50 years$714$392$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $731,000, adding $3,190 every year, while hoping to spend $28,892 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: 27/43/30 Blend
63$731,000$731,000$731,000$731,000
64$808,852$770,109$758,779$823,106
65$860,615$777,104$753,457$842,008
66$916,688$783,473$746,989$859,616
67$977,482$789,155$739,305$877,944
68$1,043,447$794,085$730,333$897,074
69$1,115,078$798,194$719,998$917,099
70$1,192,918$801,409$708,221$938,122
71$1,277,568$803,649$694,918$960,261
72$1,369,685$804,834$680,004$983,648
73$1,469,995$804,873$663,386$1,008,430
74$1,579,296$803,673$644,971$1,034,774
75$1,698,466$801,134$624,659$1,062,864
76$1,828,470$797,151$602,345$1,092,907
77$1,970,373$791,610$577,923$1,125,137
78$2,125,345$784,393$551,277$1,159,813
79$2,294,674$775,373$522,289$1,197,224
80$2,479,781$764,416$490,836$1,237,694
81$2,682,226$751,380$456,787$1,281,583
82$2,903,731$736,115$420,007$1,329,294
83$3,146,188$718,461$380,353$1,381,273
84$3,411,684$698,250$337,680$1,438,020
85$3,702,514$675,303$291,831$1,500,090
86$4,021,209$649,431$242,646$1,568,101
87$4,370,554$620,435$189,955$1,642,737
88$4,753,615$588,101$133,584$1,724,763
89$5,173,773$552,207$73,348$1,815,026
90$5,634,749$512,516$9,056$1,914,467
91$6,140,641$468,777$0$2,024,131
92$6,695,966$420,727$0$2,164,241
93$7,305,696$368,084$0$2,321,352
94$7,975,312$310,555$0$2,494,060
95$8,710,847$247,826$0$2,684,018
96$9,518,953$179,569$0$2,893,055
97$10,406,952$105,434$0$3,123,194
98$11,382,915$25,054$0$3,376,668
99$12,455,732$0$0$3,655,947
100$13,635,196$0$0$3,993,078