Can I retire at age 64 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,026$60,482$59,952$59,434$58,929$58,484
2 years$30,211$29,648$29,103$28,574$28,061$27,613
3 years$19,941$19,375$18,832$18,308$17,803$17,365
4 years$14,806$14,243$13,705$13,190$12,697$12,273
5 years$11,727$11,167$10,635$10,131$9,652$9,243
6 years$9,674$9,118$8,595$8,102$7,638$7,243
7 years$8,209$7,658$7,142$6,661$6,211$5,833
8 years$7,110$6,564$6,057$5,588$5,153$4,790
9 years$6,256$5,715$5,217$4,759$4,340$3,992
10 years$5,573$5,038$4,548$4,103$3,698$3,365
11 years$5,015$4,485$4,004$3,571$3,180$2,863
12 years$4,550$4,025$3,554$3,132$2,756$2,453
13 years$4,157$3,638$3,175$2,765$2,403$2,115
14 years$3,820$3,307$2,853$2,454$2,106$1,832
15 years$3,529$3,021$2,576$2,189$1,855$1,594
16 years$3,274$2,771$2,335$1,960$1,639$1,392
17 years$3,049$2,552$2,125$1,761$1,453$1,219
18 years$2,850$2,358$1,940$1,587$1,292$1,071
19 years$2,672$2,186$1,776$1,434$1,152$942
20 years$2,512$2,031$1,630$1,299$1,029$831
21 years$2,367$1,892$1,499$1,179$921$734
22 years$2,235$1,766$1,382$1,072$825$649
23 years$2,116$1,652$1,276$976$741$575
24 years$2,006$1,548$1,180$890$666$510
25 years$1,905$1,452$1,093$813$599$452
26 years$1,812$1,365$1,013$743$540$402
27 years$1,727$1,285$941$680$487$357
28 years$1,647$1,210$875$623$439$318
29 years$1,573$1,142$814$572$396$283
30 years$1,504$1,078$758$525$358$252
31 years$1,440$1,019$707$482$324$224
32 years$1,380$965$660$443$293$200
33 years$1,323$913$616$407$265$178
34 years$1,270$866$575$375$240$159
35 years$1,221$821$538$345$217$142
36 years$1,174$779$503$318$197$127
37 years$1,129$740$471$293$179$113
38 years$1,088$704$441$270$162$101
39 years$1,048$669$413$249$147$90
40 years$1,010$636$387$229$133$81
41 years$975$606$363$212$121$72
42 years$941$577$341$195$110$64
43 years$909$550$320$180$99$57
44 years$878$524$300$167$90$51
45 years$849$500$282$154$82$46
46 years$821$477$265$142$74$41
47 years$794$455$249$131$68$37
48 years$769$434$234$121$61$33
49 years$745$415$220$112$56$29
50 years$722$396$206$104$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $739,000, adding $5,629 every year, while hoping to spend $26,532 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: 61/22/17 Blend
63$739,000$739,000$739,000$739,000
64$820,184$781,017$769,563$866,339
65$875,613$791,057$767,113$908,164
66$935,807$800,700$763,693$950,322
67$1,001,223$809,898$759,240$995,709
68$1,072,365$818,601$753,692$1,044,640
69$1,149,788$826,754$746,982$1,097,464
70$1,234,101$834,299$739,041$1,154,567
71$1,325,976$841,176$729,795$1,216,371
72$1,426,151$847,320$719,169$1,283,346
73$1,535,439$852,659$707,082$1,356,007
74$1,654,734$857,120$693,450$1,434,924
75$1,785,022$860,624$678,186$1,520,726
76$1,927,387$863,087$661,197$1,614,105
77$2,083,023$864,421$642,390$1,715,828
78$2,253,243$864,529$621,661$1,826,738
79$2,439,495$863,312$598,908$1,947,767
80$2,643,371$860,662$574,020$2,079,941
81$2,866,627$856,467$546,882$2,224,393
82$3,111,195$850,606$517,374$2,382,374
83$3,379,202$842,950$485,371$2,555,263
84$3,672,992$833,366$450,742$2,744,580
85$3,995,145$821,709$413,350$2,952,004
86$4,348,504$807,827$373,051$3,179,386
87$4,736,200$791,559$329,697$3,428,766
88$5,161,682$772,735$283,132$3,702,397
89$5,628,749$751,174$233,192$4,002,761
90$6,141,584$726,685$179,707$4,332,597
91$6,704,798$699,065$122,499$4,694,928
92$7,323,468$668,099$61,383$5,093,083
93$8,003,188$633,562$0$5,530,737
94$8,750,120$595,214$0$6,012,638
95$9,571,053$552,800$0$6,554,485
96$10,473,467$506,054$0$7,150,099
97$11,465,601$454,691$0$7,804,952
98$12,556,533$398,412$0$8,525,078
99$13,756,267$336,901$0$9,317,128
100$15,075,820$269,824$0$10,188,430