Can I retire at age 64 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$60,613$60,073$59,546$59,032$58,530$57,847
2 years$30,006$29,448$28,906$28,381$27,872$27,184
3 years$19,806$19,244$18,704$18,184$17,683$17,012
4 years$14,706$14,147$13,612$13,100$12,612$11,963
5 years$11,647$11,091$10,563$10,062$9,587$8,962
6 years$9,609$9,057$8,537$8,047$7,586$6,986
7 years$8,153$7,606$7,094$6,616$6,169$5,594
8 years$7,062$6,520$6,016$5,550$5,118$4,568
9 years$6,214$5,676$5,182$4,727$4,310$3,784
10 years$5,536$5,004$4,518$4,075$3,672$3,171
11 years$4,981$4,454$3,977$3,546$3,158$2,681
12 years$4,519$3,998$3,530$3,111$2,737$2,283
13 years$4,129$3,613$3,154$2,746$2,387$1,955
14 years$3,794$3,284$2,834$2,438$2,092$1,683
15 years$3,505$3,000$2,558$2,174$1,842$1,455
16 years$3,252$2,753$2,319$1,947$1,628$1,261
17 years$3,029$2,535$2,111$1,749$1,444$1,097
18 years$2,831$2,342$1,927$1,576$1,284$957
19 years$2,654$2,171$1,764$1,424$1,144$836
20 years$2,495$2,017$1,619$1,290$1,022$732
21 years$2,351$1,879$1,489$1,171$914$641
22 years$2,220$1,754$1,372$1,064$820$563
23 years$2,101$1,641$1,267$969$736$495
24 years$1,992$1,537$1,172$884$661$435
25 years$1,892$1,442$1,085$807$595$383
26 years$1,800$1,356$1,007$738$536$338
27 years$1,715$1,276$935$676$483$298
28 years$1,636$1,202$869$619$436$263
29 years$1,563$1,134$809$568$394$232
30 years$1,494$1,071$753$521$356$205
31 years$1,430$1,013$702$479$322$181
32 years$1,370$958$655$440$291$160
33 years$1,314$907$612$404$263$142
34 years$1,262$860$572$372$238$125
35 years$1,212$816$534$343$216$111
36 years$1,166$774$500$316$196$98
37 years$1,122$735$468$291$177$87
38 years$1,080$699$438$268$161$77
39 years$1,041$664$410$247$146$68
40 years$1,003$632$385$228$132$60
41 years$968$602$361$210$120$53
42 years$934$573$338$194$109$47
43 years$903$546$318$179$99$42
44 years$872$521$298$165$90$37
45 years$843$496$280$153$81$33
46 years$815$473$263$141$74$29
47 years$789$452$247$130$67$26
48 years$764$431$232$120$61$23
49 years$740$412$218$111$55$20
50 years$717$393$205$103$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $734,000, adding $2,324 every year, while hoping to spend $43,184 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: 46/26/28 Blend
63$734,000$734,000$734,000$734,000
64$811,265$772,363$760,986$841,950
65$848,067$764,262$740,532$855,814
66$887,175$754,316$717,945$866,490
67$928,779$742,389$693,108$877,243
68$973,087$728,339$665,900$888,104
69$1,020,325$712,011$636,191$899,109
70$1,070,744$693,245$603,849$910,303
71$1,124,615$671,869$568,733$921,736
72$1,182,238$647,703$530,697$933,469
73$1,243,939$620,554$489,589$945,571
74$1,310,080$590,220$445,249$958,122
75$1,381,053$556,486$397,510$971,217
76$1,457,292$519,125$346,199$984,962
77$1,539,272$477,898$291,132$999,480
78$1,627,514$432,551$232,121$1,014,912
79$1,722,590$382,816$168,967$1,031,417
80$1,825,130$328,409$101,463$1,049,178
81$1,935,824$269,032$29,393$1,068,400
82$2,055,432$204,369$0$1,089,317
83$2,184,787$134,084$0$1,126,390
84$2,324,808$57,826$0$1,176,013
85$2,476,501$0$0$1,229,805
86$2,640,976$0$0$1,295,309
87$2,819,451$0$0$1,384,413
88$3,013,268$0$0$1,481,251
89$3,223,900$0$0$1,586,568
90$3,452,969$0$0$1,701,185
91$3,702,261$0$0$1,826,007
92$3,973,739$0$0$1,962,026
93$4,269,564$0$0$2,110,337
94$4,592,114$0$0$2,272,143
95$4,944,006$0$0$2,448,770
96$5,328,122$0$0$2,641,677
97$5,747,632$0$0$2,852,468
98$6,206,027$0$0$3,082,912
99$6,707,150$0$0$3,334,956
100$7,255,234$0$0$3,610,742