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%15.3%
1 years$60,365$59,828$59,303$58,791$58,291$57,021
2 years$29,884$29,327$28,788$28,265$27,758$26,484
3 years$19,725$19,166$18,628$18,110$17,611$16,374
4 years$14,646$14,089$13,556$13,047$12,560$11,370
5 years$11,600$11,046$10,520$10,021$9,548$8,407
6 years$9,569$9,020$8,502$8,014$7,555$6,465
7 years$8,120$7,575$7,065$6,589$6,144$5,105
8 years$7,033$6,493$5,992$5,527$5,097$4,108
9 years$6,188$5,653$5,161$4,708$4,293$3,354
10 years$5,513$4,983$4,499$4,058$3,657$2,768
11 years$4,961$4,436$3,961$3,532$3,146$2,303
12 years$4,501$3,982$3,515$3,098$2,726$1,930
13 years$4,112$3,598$3,141$2,735$2,377$1,626
14 years$3,779$3,271$2,822$2,428$2,084$1,376
15 years$3,491$2,988$2,548$2,165$1,835$1,169
16 years$3,239$2,741$2,310$1,939$1,621$996
17 years$3,016$2,525$2,102$1,742$1,438$851
18 years$2,819$2,333$1,919$1,570$1,278$729
19 years$2,643$2,162$1,757$1,418$1,139$625
20 years$2,484$2,009$1,612$1,285$1,018$537
21 years$2,341$1,871$1,483$1,166$911$462
22 years$2,211$1,747$1,367$1,060$816$398
23 years$2,093$1,634$1,262$965$733$343
24 years$1,984$1,531$1,167$881$659$296
25 years$1,885$1,437$1,081$804$593$256
26 years$1,793$1,350$1,002$735$534$221
27 years$1,708$1,271$931$673$481$191
28 years$1,629$1,197$865$617$434$165
29 years$1,556$1,130$805$565$392$143
30 years$1,488$1,067$750$519$354$124
31 years$1,424$1,008$699$477$320$107
32 years$1,365$954$652$438$290$93
33 years$1,309$904$609$403$262$80
34 years$1,257$856$569$371$237$69
35 years$1,207$812$532$341$215$60
36 years$1,161$771$498$314$195$52
37 years$1,117$732$466$290$177$45
38 years$1,076$696$436$267$160$39
39 years$1,037$662$409$246$145$34
40 years$999$630$383$227$132$29
41 years$964$599$359$209$119$26
42 years$931$571$337$193$108$22
43 years$899$544$316$178$98$19
44 years$869$518$297$165$89$17
45 years$840$494$279$152$81$14
46 years$812$472$262$141$74$13
47 years$786$450$246$130$67$11
48 years$761$430$231$120$61$9
49 years$737$410$217$111$55$8
50 years$714$392$204$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $731,000, adding $6,558 every year, while hoping to spend $30,772 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: 53/20/27 Blend
63$731,000$731,000$731,000$731,000
64$812,327$773,584$762,253$848,955
65$862,443$778,748$755,047$880,179
66$916,639$783,134$746,569$910,462
67$975,300$786,671$736,743$942,802
68$1,038,847$789,285$725,490$977,405
69$1,107,744$790,894$712,728$1,014,504
70$1,182,501$791,415$698,371$1,054,355
71$1,263,678$790,756$682,329$1,097,240
72$1,351,894$788,824$664,508$1,143,475
73$1,447,826$785,515$644,807$1,193,407
74$1,552,221$780,722$623,125$1,247,421
75$1,665,901$774,331$599,354$1,305,942
76$1,789,770$766,220$573,379$1,369,442
77$1,924,823$756,262$545,084$1,438,442
78$2,072,155$744,319$514,345$1,513,519
79$2,232,972$730,247$481,032$1,595,310
80$2,408,599$713,894$445,011$1,684,521
81$2,600,499$695,097$406,141$1,781,931
82$2,810,278$673,685$364,275$1,888,404
83$3,039,708$649,477$319,259$2,004,891
84$3,290,736$622,280$270,933$2,132,447
85$3,565,511$591,891$219,129$2,272,236
86$3,866,395$558,095$163,671$2,425,545
87$4,195,990$520,665$104,378$2,593,794
88$4,557,165$479,361$41,058$2,778,556
89$4,953,074$433,928$0$2,981,563
90$5,387,194$384,098$0$3,212,373
91$5,863,356$329,586$0$3,478,582
92$6,385,776$270,094$0$3,770,749
93$6,959,101$205,304$0$4,091,521
94$7,588,447$134,881$0$4,443,815
95$8,279,450$58,472$0$4,830,850
96$9,038,321$0$0$5,256,172
97$9,871,900$0$0$5,729,042
98$10,787,721$0$0$6,262,779
99$11,794,086$0$0$6,849,363
100$12,900,139$0$0$7,494,133