Can I retire at age 64 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$60,696$60,155$59,627$59,113$58,610$57,950
2 years$30,047$29,488$28,945$28,420$27,909$27,245
3 years$19,833$19,271$18,730$18,209$17,707$17,058
4 years$14,726$14,166$13,630$13,118$12,629$12,001
5 years$11,663$11,106$10,578$10,076$9,600$8,996
6 years$9,622$9,069$8,548$8,058$7,596$7,016
7 years$8,164$7,616$7,104$6,625$6,178$5,621
8 years$7,072$6,528$6,025$5,557$5,125$4,593
9 years$6,222$5,684$5,189$4,734$4,316$3,807
10 years$5,543$5,010$4,524$4,081$3,678$3,192
11 years$4,988$4,460$3,983$3,551$3,163$2,700
12 years$4,525$4,003$3,535$3,115$2,741$2,301
13 years$4,134$3,618$3,158$2,750$2,390$1,972
14 years$3,800$3,289$2,837$2,441$2,095$1,699
15 years$3,510$3,004$2,562$2,177$1,845$1,469
16 years$3,256$2,756$2,323$1,949$1,630$1,275
17 years$3,033$2,538$2,113$1,751$1,446$1,110
18 years$2,835$2,346$1,929$1,578$1,285$968
19 years$2,657$2,174$1,766$1,426$1,146$846
20 years$2,498$2,020$1,621$1,292$1,023$741
21 years$2,354$1,882$1,491$1,172$916$650
22 years$2,223$1,756$1,374$1,066$821$571
23 years$2,104$1,643$1,269$971$737$503
24 years$1,995$1,539$1,173$885$662$443
25 years$1,895$1,444$1,087$809$596$390
26 years$1,803$1,358$1,008$739$537$344
27 years$1,717$1,278$936$677$484$304
28 years$1,638$1,204$870$620$437$268
29 years$1,565$1,136$810$569$394$237
30 years$1,496$1,073$754$522$356$210
31 years$1,432$1,014$703$479$322$185
32 years$1,372$959$656$440$291$164
33 years$1,316$909$613$405$264$145
34 years$1,264$861$572$373$239$129
35 years$1,214$817$535$343$216$114
36 years$1,167$775$501$316$196$101
37 years$1,123$736$469$291$178$89
38 years$1,082$700$439$268$161$79
39 years$1,042$665$411$247$146$70
40 years$1,005$633$385$228$132$62
41 years$969$603$361$211$120$55
42 years$936$574$339$194$109$49
43 years$904$547$318$179$99$43
44 years$873$521$298$166$90$38
45 years$844$497$280$153$82$34
46 years$817$474$263$141$74$30
47 years$790$452$247$131$67$27
48 years$765$432$232$121$61$24
49 years$741$412$218$111$55$21
50 years$718$394$205$103$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $735,000, adding $3,760 every year, while hoping to spend $42,776 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: 72/22/6 Blend
63$735,000$735,000$735,000$735,000
64$813,848$774,893$763,501$871,580
65$851,348$767,350$743,565$902,615
66$891,238$758,003$721,527$930,866
67$933,719$746,719$697,273$960,591
68$979,007$733,357$670,680$991,923
69$1,027,341$717,767$641,623$1,025,009
70$1,078,982$699,790$609,970$1,060,012
71$1,134,216$679,258$575,582$1,097,110
72$1,193,357$655,993$538,315$1,136,504
73$1,256,749$629,806$498,019$1,178,414
74$1,324,770$600,499$454,535$1,223,083
75$1,397,834$567,861$407,699$1,270,782
76$1,476,396$531,668$357,339$1,321,809
77$1,560,954$491,686$303,276$1,376,495
78$1,652,057$447,664$245,321$1,435,206
79$1,750,306$399,340$183,279$1,498,346
80$1,856,364$346,434$116,946$1,566,365
81$1,970,958$288,654$46,108$1,639,757
82$2,094,884$225,687$0$1,719,072
83$2,229,023$157,205$0$1,806,802
84$2,374,338$82,863$0$1,905,005
85$2,531,890$2,294$0$2,011,482
86$2,702,847$0$0$2,127,071
87$2,888,492$0$0$2,273,246
88$3,090,237$0$0$2,432,732
89$3,309,633$0$0$2,606,205
90$3,548,390$0$0$2,795,021
91$3,808,388$0$0$3,000,671
92$4,091,693$0$0$3,224,793
93$4,400,584$0$0$3,469,196
94$4,737,565$0$0$3,735,864
95$5,105,394$0$0$4,026,987
96$5,507,107$0$0$4,344,970
97$5,946,044$0$0$4,692,466
98$6,425,886$0$0$5,072,393
99$6,950,681$0$0$5,487,962
100$7,524,890$0$0$5,942,713