Can I retire at age 64 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$60,530$59,991$59,465$58,952$58,450$57,270
2 years$29,966$29,407$28,867$28,342$27,834$26,650
3 years$19,779$19,218$18,679$18,159$17,659$16,508
4 years$14,686$14,127$13,593$13,083$12,594$11,486
5 years$11,631$11,076$10,549$10,049$9,574$8,511
6 years$9,596$9,044$8,525$8,036$7,576$6,559
7 years$8,142$7,595$7,084$6,607$6,161$5,191
8 years$7,052$6,511$6,008$5,542$5,111$4,187
9 years$6,205$5,669$5,175$4,721$4,304$3,426
10 years$5,528$4,997$4,512$4,069$3,667$2,834
11 years$4,974$4,448$3,972$3,542$3,154$2,365
12 years$4,513$3,993$3,525$3,106$2,733$1,987
13 years$4,123$3,608$3,149$2,743$2,384$1,679
14 years$3,789$3,280$2,830$2,435$2,089$1,425
15 years$3,500$2,996$2,555$2,171$1,840$1,214
16 years$3,247$2,749$2,316$1,944$1,626$1,037
17 years$3,025$2,532$2,108$1,747$1,442$889
18 years$2,827$2,339$1,924$1,574$1,282$763
19 years$2,650$2,168$1,761$1,422$1,143$656
20 years$2,491$2,015$1,617$1,288$1,021$566
21 years$2,348$1,877$1,487$1,169$913$488
22 years$2,217$1,752$1,370$1,063$819$422
23 years$2,098$1,638$1,265$968$735$365
24 years$1,990$1,535$1,170$883$660$316
25 years$1,890$1,441$1,084$806$594$273
26 years$1,798$1,354$1,005$737$535$237
27 years$1,713$1,274$933$675$483$205
28 years$1,634$1,201$868$618$436$178
29 years$1,560$1,133$808$567$393$155
30 years$1,492$1,070$752$520$355$134
31 years$1,428$1,011$701$478$321$117
32 years$1,369$957$654$439$291$101
33 years$1,313$906$611$404$263$88
34 years$1,260$859$571$372$238$77
35 years$1,211$815$534$342$216$67
36 years$1,164$773$499$315$195$58
37 years$1,120$734$467$290$177$50
38 years$1,079$698$438$268$161$44
39 years$1,039$664$410$247$146$38
40 years$1,002$631$384$228$132$33
41 years$967$601$360$210$120$29
42 years$933$572$338$194$109$25
43 years$901$545$317$179$99$22
44 years$871$520$298$165$90$19
45 years$842$496$280$153$81$17
46 years$814$473$263$141$74$14
47 years$788$451$247$130$67$12
48 years$763$431$232$120$61$11
49 years$739$411$218$111$55$9
50 years$716$393$205$103$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $733,000, adding $5,888 every year, while hoping to spend $41,062 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: 77/11/12 Blend
63$733,000$733,000$733,000$733,000
64$813,839$774,990$763,629$874,173
65$853,161$769,275$745,521$909,010
66$895,118$761,904$725,430$941,391
67$939,935$752,752$703,246$975,737
68$987,858$741,687$678,855$1,012,229
69$1,039,160$728,569$652,137$1,051,066
70$1,094,136$713,251$622,965$1,092,467
71$1,153,112$695,575$591,209$1,136,675
72$1,216,447$675,376$556,732$1,183,956
73$1,284,532$652,476$519,390$1,234,605
74$1,357,797$626,691$479,033$1,288,948
75$1,436,717$597,823$435,504$1,347,345
76$1,521,809$565,663$388,641$1,410,192
77$1,613,645$529,993$338,272$1,477,926
78$1,712,852$490,577$284,219$1,551,031
79$1,820,118$447,171$226,296$1,630,039
80$1,936,201$399,513$164,308$1,715,540
81$2,061,933$347,328$98,051$1,808,183
82$2,198,229$290,326$27,315$1,908,684
83$2,346,096$228,200$0$2,017,835
84$2,506,640$160,624$0$2,142,678
85$2,681,078$87,255$0$2,282,140
86$2,870,750$7,733$0$2,433,816
87$3,077,130$0$0$2,598,912
88$3,301,837$0$0$2,788,236
89$3,546,655$0$0$2,995,549
90$3,813,548$0$0$3,221,580
91$4,104,676$0$0$3,468,161
92$4,422,417$0$0$3,737,310
93$4,769,387$0$0$4,031,247
94$5,148,469$0$0$4,352,416
95$5,562,835$0$0$4,703,509
96$6,015,976$0$0$5,087,489
97$6,511,738$0$0$5,507,618
98$7,054,355$0$0$5,967,488
99$7,648,489$0$0$6,471,054
100$8,299,274$0$0$7,022,673