Can I retire at age 64 with 738,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$60,943$60,400$59,871$59,354$58,849$58,235
2 years$30,170$29,608$29,064$28,536$28,023$27,405
3 years$19,914$19,349$18,806$18,283$17,779$17,175
4 years$14,786$14,224$13,686$13,172$12,680$12,096
5 years$11,711$11,152$10,621$10,117$9,639$9,076
6 years$9,661$9,106$8,583$8,091$7,627$7,086
7 years$8,198$7,647$7,133$6,652$6,203$5,684
8 years$7,100$6,555$6,049$5,580$5,146$4,649
9 years$6,248$5,707$5,210$4,753$4,334$3,859
10 years$5,566$5,031$4,542$4,097$3,693$3,239
11 years$5,008$4,479$3,999$3,566$3,176$2,744
12 years$4,544$4,020$3,549$3,128$2,752$2,341
13 years$4,151$3,633$3,171$2,761$2,400$2,009
14 years$3,815$3,302$2,849$2,451$2,104$1,733
15 years$3,524$3,016$2,572$2,186$1,852$1,500
16 years$3,270$2,768$2,332$1,957$1,637$1,304
17 years$3,045$2,549$2,122$1,759$1,451$1,136
18 years$2,846$2,355$1,937$1,585$1,291$993
19 years$2,668$2,183$1,773$1,432$1,150$869
20 years$2,508$2,028$1,628$1,297$1,027$763
21 years$2,364$1,889$1,497$1,177$919$670
22 years$2,232$1,764$1,380$1,070$824$590
23 years$2,113$1,649$1,274$975$740$519
24 years$2,003$1,545$1,178$889$665$458
25 years$1,903$1,450$1,091$812$598$404
26 years$1,810$1,363$1,012$742$539$357
27 years$1,724$1,283$940$679$486$316
28 years$1,645$1,209$874$623$438$279
29 years$1,571$1,140$813$571$396$247
30 years$1,502$1,077$757$524$358$219
31 years$1,438$1,018$706$481$323$194
32 years$1,378$963$659$442$293$172
33 years$1,322$912$615$407$265$152
34 years$1,269$865$575$374$240$135
35 years$1,219$820$537$344$217$120
36 years$1,172$778$503$317$197$106
37 years$1,128$739$470$292$178$94
38 years$1,086$703$441$269$162$84
39 years$1,046$668$413$248$147$74
40 years$1,009$636$387$229$133$66
41 years$973$605$363$211$121$59
42 years$940$576$340$195$109$52
43 years$907$549$319$180$99$46
44 years$877$523$300$166$90$41
45 years$848$499$281$154$82$37
46 years$820$476$264$142$74$32
47 years$793$454$248$131$67$29
48 years$768$434$233$121$61$26
49 years$744$414$219$112$56$23
50 years$721$396$206$103$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $738,000, adding $2,767 every year, while hoping to spend $32,111 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: 47/41/12 Blend
63$738,000$738,000$738,000$738,000
64$816,130$777,016$765,577$851,635
65$865,210$780,924$757,058$880,346
66$918,219$783,947$747,178$907,954
67$975,525$786,009$735,856$937,198
68$1,037,531$787,026$723,010$968,240
69$1,104,681$786,911$708,552$1,001,263
70$1,177,462$785,573$692,392$1,036,467
71$1,256,409$782,913$674,433$1,074,076
72$1,342,113$778,826$654,577$1,114,338
73$1,435,221$773,201$632,718$1,157,529
74$1,536,447$765,921$608,748$1,203,954
75$1,646,576$756,862$582,552$1,253,951
76$1,766,470$745,892$554,010$1,307,897
77$1,897,080$732,870$522,999$1,366,207
78$2,039,450$717,649$489,388$1,429,344
79$2,194,731$700,071$453,040$1,497,819
80$2,364,190$679,971$413,812$1,572,198
81$2,549,219$657,171$371,557$1,653,109
82$2,751,354$631,487$326,119$1,741,249
83$2,972,283$602,721$277,335$1,837,386
84$3,213,867$570,665$225,036$1,942,374
85$3,478,151$535,098$169,045$2,057,156
86$3,767,392$495,787$109,178$2,182,778
87$4,084,071$452,485$45,240$2,320,394
88$4,430,922$404,933$0$2,471,284
89$4,810,955$352,854$0$2,639,807
90$5,227,486$295,957$0$2,830,957
91$5,684,167$233,936$0$3,040,694
92$6,185,018$166,466$0$3,270,961
93$6,734,470$93,202$0$3,523,905
94$7,337,401$13,785$0$3,801,898
95$7,999,186$0$0$4,107,557
96$8,725,744$0$0$4,476,335
97$9,523,596$0$0$4,888,218
98$10,399,925$0$0$5,340,704
99$11,362,645$0$0$5,837,892
100$12,420,474$0$0$6,384,294