Can I retire at age 64 with 738,000?

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 $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%20%
1 years$60,943$60,400$59,871$59,354$58,849$56,492
2 years$30,170$29,608$29,064$28,536$28,023$25,678
3 years$19,914$19,349$18,806$18,283$17,779$15,520
4 years$14,786$14,224$13,686$13,172$12,680$10,524
5 years$11,711$11,152$10,621$10,117$9,639$7,591
6 years$9,661$9,106$8,583$8,091$7,627$5,689
7 years$8,198$7,647$7,133$6,652$6,203$4,374
8 years$7,100$6,555$6,049$5,580$5,146$3,424
9 years$6,248$5,707$5,210$4,753$4,334$2,716
10 years$5,566$5,031$4,542$4,097$3,693$2,176
11 years$5,008$4,479$3,999$3,566$3,176$1,757
12 years$4,544$4,020$3,549$3,128$2,752$1,427
13 years$4,151$3,633$3,171$2,761$2,400$1,165
14 years$3,815$3,302$2,849$2,451$2,104$954
15 years$3,524$3,016$2,572$2,186$1,852$784
16 years$3,270$2,768$2,332$1,957$1,637$646
17 years$3,045$2,549$2,122$1,759$1,451$533
18 years$2,846$2,355$1,937$1,585$1,291$441
19 years$2,668$2,183$1,773$1,432$1,150$365
20 years$2,508$2,028$1,628$1,297$1,027$303
21 years$2,364$1,889$1,497$1,177$919$251
22 years$2,232$1,764$1,380$1,070$824$208
23 years$2,113$1,649$1,274$975$740$173
24 years$2,003$1,545$1,178$889$665$144
25 years$1,903$1,450$1,091$812$598$120
26 years$1,810$1,363$1,012$742$539$100
27 years$1,724$1,283$940$679$486$83
28 years$1,645$1,209$874$623$438$69
29 years$1,571$1,140$813$571$396$57
30 years$1,502$1,077$757$524$358$48
31 years$1,438$1,018$706$481$323$40
32 years$1,378$963$659$442$293$33
33 years$1,322$912$615$407$265$28
34 years$1,269$865$575$374$240$23
35 years$1,219$820$537$344$217$19
36 years$1,172$778$503$317$197$16
37 years$1,128$739$470$292$178$13
38 years$1,086$703$441$269$162$11
39 years$1,046$668$413$248$147$9
40 years$1,009$636$387$229$133$8
41 years$973$605$363$211$121$6
42 years$940$576$340$195$109$5
43 years$907$549$319$180$99$4
44 years$877$523$300$166$90$4
45 years$848$499$281$154$82$3
46 years$820$476$264$142$74$3
47 years$793$454$248$131$67$2
48 years$768$434$233$121$61$2
49 years$744$414$219$112$56$1
50 years$721$396$206$103$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $738,000, adding $3,296 every year, while hoping to spend $39,419 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: 64/18/18 Blend
63$738,000$738,000$738,000$738,000
64$816,676$777,562$766,123$865,054
65$858,035$773,721$749,846$894,104
66$902,292$768,370$731,704$921,038
67$949,701$761,395$711,590$949,524
68$1,000,539$752,672$689,397$979,717
69$1,055,113$742,072$665,011$1,011,785
70$1,113,757$729,457$638,312$1,045,917
71$1,176,841$714,681$609,176$1,082,322
72$1,244,768$697,589$577,473$1,121,232
73$1,317,982$678,019$543,065$1,162,903
74$1,396,970$655,796$505,813$1,207,622
75$1,482,269$630,738$465,565$1,255,703
76$1,574,467$602,650$422,168$1,307,496
77$1,674,211$571,328$375,458$1,363,388
78$1,782,211$536,555$325,268$1,423,809
79$1,899,251$498,100$271,418$1,489,235
80$2,026,189$455,721$213,725$1,560,190
81$2,163,971$409,162$151,995$1,637,259
82$2,313,637$358,152$86,028$1,721,086
83$2,476,330$302,403$15,612$1,812,383
84$2,653,309$241,615$0$1,911,942
85$2,845,958$175,466$0$2,032,070
86$3,055,801$103,619$0$2,166,242
87$3,284,514$25,717$0$2,312,571
88$3,533,942$0$0$2,472,287
89$3,806,115$0$0$2,658,356
90$4,103,269$0$0$2,867,113
91$4,427,864$0$0$3,095,198
92$4,782,608$0$0$3,344,520
93$5,170,484$0$0$3,617,182
94$5,594,775$0$0$3,915,498
95$6,059,097$0$0$4,242,017
96$6,567,429$0$0$4,599,546
97$7,124,155$0$0$4,991,176
98$7,734,103$0$0$5,420,310
99$8,402,590$0$0$5,890,696
100$9,135,469$0$0$6,406,464