Can I retire at age 64 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$60,778$60,237$59,709$59,193$58,690$57,765
2 years$30,088$29,528$28,985$28,458$27,947$27,018
3 years$19,860$19,297$18,755$18,233$17,731$16,826
4 years$14,746$14,185$13,649$13,136$12,646$11,772
5 years$11,679$11,121$10,592$10,090$9,613$8,774
6 years$9,635$9,081$8,560$8,069$7,607$6,802
7 years$8,175$7,627$7,113$6,634$6,186$5,417
8 years$7,081$6,537$6,033$5,565$5,132$4,397
9 years$6,231$5,692$5,196$4,740$4,322$3,622
10 years$5,551$5,017$4,530$4,086$3,683$3,016
11 years$4,995$4,467$3,988$3,556$3,167$2,534
12 years$4,532$4,009$3,539$3,119$2,745$2,144
13 years$4,140$3,623$3,162$2,754$2,393$1,825
14 years$3,805$3,293$2,841$2,444$2,098$1,560
15 years$3,515$3,008$2,565$2,180$1,847$1,339
16 years$3,261$2,760$2,326$1,952$1,633$1,153
17 years$3,037$2,542$2,116$1,754$1,448$996
18 years$2,838$2,349$1,932$1,581$1,287$862
19 years$2,661$2,177$1,769$1,428$1,147$748
20 years$2,501$2,023$1,623$1,293$1,025$650
21 years$2,357$1,884$1,493$1,174$917$565
22 years$2,226$1,759$1,376$1,067$822$493
23 years$2,107$1,645$1,271$972$738$430
24 years$1,998$1,541$1,175$887$663$375
25 years$1,898$1,446$1,088$810$597$328
26 years$1,805$1,359$1,009$740$538$287
27 years$1,720$1,279$937$678$485$251
28 years$1,640$1,206$871$621$437$219
29 years$1,567$1,137$811$569$395$192
30 years$1,498$1,074$755$523$357$168
31 years$1,434$1,015$704$480$323$148
32 years$1,374$961$657$441$292$129
33 years$1,318$910$613$406$264$113
34 years$1,265$862$573$373$239$100
35 years$1,216$818$536$344$217$87
36 years$1,169$776$501$316$196$77
37 years$1,125$737$469$291$178$67
38 years$1,083$701$439$269$161$59
39 years$1,044$666$412$248$146$52
40 years$1,006$634$386$228$133$46
41 years$971$603$362$211$120$40
42 years$937$575$339$195$109$35
43 years$905$548$318$180$99$31
44 years$874$522$299$166$90$27
45 years$845$498$281$153$82$24
46 years$818$475$264$141$74$21
47 years$791$453$248$131$67$18
48 years$766$433$233$121$61$16
49 years$742$413$219$112$56$14
50 years$719$395$206$103$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $736,000, adding $6,792 every year, while hoping to spend $53,278 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: 42/35/23 Blend
63$736,000$736,000$736,000$736,000
64$818,078$779,070$767,662$846,678
65$844,835$760,557$736,691$849,214
66$872,535$739,351$702,897$846,337
67$901,218$715,265$666,129$842,155
68$930,928$688,098$626,230$836,575
69$961,708$657,640$583,034$829,504
70$993,606$623,668$536,370$820,839
71$1,026,672$585,946$486,057$810,476
72$1,060,961$544,226$431,907$798,302
73$1,096,528$498,242$373,726$784,201
74$1,133,434$447,717$311,306$768,050
75$1,171,745$392,355$244,435$749,720
76$1,211,528$331,845$172,889$729,075
77$1,252,857$265,859$96,434$705,973
78$1,295,812$194,049$14,827$680,266
79$1,340,475$116,048$0$651,797
80$1,386,937$31,468$0$638,137
81$1,435,295$0$0$626,417
82$1,485,653$0$0$636,029
83$1,538,121$0$0$658,689
84$1,592,821$0$0$682,330
85$1,649,882$0$0$707,011
86$1,709,442$0$0$732,794
87$1,771,652$0$0$759,748
88$1,836,676$0$0$787,945
89$1,904,687$0$0$817,466
90$1,975,877$0$0$848,397
91$2,050,450$0$0$880,830
92$2,128,631$0$0$914,866
93$2,210,661$0$0$950,617
94$2,296,802$0$0$988,201
95$2,387,341$0$0$1,027,748
96$2,482,587$0$0$1,069,400
97$2,582,878$0$0$1,113,309
98$2,688,580$0$0$1,159,645
99$2,800,096$0$0$1,208,590
100$2,917,860$0$0$1,260,343