Can I retire at age 64 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$60,448$59,909$59,384$58,871$58,371$56,775
2 years$29,925$29,367$28,827$28,304$27,796$26,200
3 years$19,752$19,192$18,653$18,134$17,635$16,089
4 years$14,666$14,108$13,575$13,065$12,577$11,093
5 years$11,616$11,061$10,535$10,035$9,561$8,142
6 years$9,583$9,032$8,513$8,025$7,565$6,213
7 years$8,131$7,585$7,075$6,598$6,153$4,868
8 years$7,043$6,502$6,000$5,535$5,104$3,886
9 years$6,197$5,661$5,168$4,714$4,298$3,145
10 years$5,520$4,990$4,505$4,064$3,662$2,573
11 years$4,967$4,442$3,966$3,537$3,150$2,122
12 years$4,507$3,987$3,520$3,102$2,730$1,762
13 years$4,118$3,603$3,145$2,739$2,380$1,471
14 years$3,784$3,275$2,826$2,431$2,087$1,233
15 years$3,495$2,992$2,551$2,168$1,837$1,037
16 years$3,243$2,745$2,313$1,941$1,624$875
17 years$3,021$2,528$2,105$1,744$1,440$740
18 years$2,823$2,336$1,921$1,572$1,280$627
19 years$2,647$2,165$1,759$1,420$1,141$532
20 years$2,488$2,012$1,614$1,286$1,019$453
21 years$2,344$1,874$1,485$1,168$912$385
22 years$2,214$1,749$1,369$1,062$817$328
23 years$2,096$1,636$1,264$967$734$280
24 years$1,987$1,533$1,169$882$660$239
25 years$1,887$1,439$1,082$805$594$204
26 years$1,795$1,352$1,004$736$535$174
27 years$1,710$1,272$932$674$482$149
28 years$1,631$1,199$867$617$435$127
29 years$1,558$1,131$806$566$393$109
30 years$1,490$1,068$751$520$355$93
31 years$1,426$1,010$700$477$321$80
32 years$1,367$955$653$439$290$68
33 years$1,311$905$610$403$263$58
34 years$1,258$858$570$371$238$50
35 years$1,209$813$533$342$215$43
36 years$1,163$772$499$315$195$37
37 years$1,119$733$467$290$177$31
38 years$1,077$697$437$267$160$27
39 years$1,038$663$409$246$145$23
40 years$1,001$630$384$227$132$20
41 years$965$600$360$210$120$17
42 years$932$572$338$194$109$14
43 years$900$545$317$179$99$12
44 years$870$519$297$165$89$11
45 years$841$495$279$152$81$9
46 years$813$472$262$141$74$8
47 years$787$451$246$130$67$7
48 years$762$430$231$120$61$6
49 years$738$411$218$111$55$5
50 years$715$392$205$103$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $732,000, adding $2,523 every year, while hoping to spend $27,624 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: 54/33/13 Blend
63$732,000$732,000$732,000$732,000
64$809,266$770,470$759,124$850,087
65$862,420$778,832$755,163$886,499
66$920,069$786,677$750,144$922,916
67$982,644$793,952$744,001$961,918
68$1,050,616$800,598$736,667$1,003,757
69$1,124,505$806,553$728,072$1,048,711
70$1,204,882$811,752$718,141$1,097,086
71$1,292,377$816,125$706,795$1,149,224
72$1,387,682$819,597$693,955$1,205,499
73$1,491,557$822,089$679,534$1,266,325
74$1,604,840$823,516$663,443$1,332,159
75$1,728,455$823,789$645,589$1,403,508
76$1,863,416$822,813$625,875$1,480,930
77$2,010,840$820,487$604,198$1,565,040
78$2,171,959$816,704$580,451$1,656,520
79$2,348,126$811,350$554,524$1,756,121
80$2,540,833$804,304$526,299$1,864,674
81$2,751,722$795,439$495,653$1,983,095
82$2,982,601$784,619$462,461$2,112,396
83$3,235,460$771,700$426,588$2,253,695
84$3,512,494$756,529$387,895$2,408,224
85$3,816,116$738,947$346,237$2,577,346
86$4,148,986$718,781$301,462$2,762,564
87$4,514,032$695,852$253,411$2,965,537
88$4,914,482$669,967$201,919$3,188,096
89$5,353,889$640,924$146,812$3,432,264
90$5,836,165$608,510$87,911$3,700,269
91$6,365,624$572,497$25,026$3,994,576
92$6,947,014$532,645$0$4,317,900
93$7,585,566$488,702$0$4,679,078
94$8,287,045$440,399$0$5,079,663
95$9,057,799$387,454$0$5,519,861
96$9,904,821$329,567$0$6,003,731
97$10,835,819$266,421$0$6,535,748
98$11,859,281$197,684$0$7,120,848
99$12,984,559$123,002$0$7,764,475
100$14,221,959$42,004$0$8,472,631