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%14.4%
1 years$61,026$60,482$59,952$59,434$58,929$57,857
2 years$30,211$29,648$29,103$28,574$28,061$26,986
3 years$19,941$19,375$18,832$18,308$17,803$16,757
4 years$14,806$14,243$13,705$13,190$12,697$11,689
5 years$11,727$11,167$10,635$10,131$9,652$8,684
6 years$9,674$9,118$8,595$8,102$7,638$6,710
7 years$8,209$7,658$7,142$6,661$6,211$5,326
8 years$7,110$6,564$6,057$5,588$5,153$4,309
9 years$6,256$5,715$5,217$4,759$4,340$3,536
10 years$5,573$5,038$4,548$4,103$3,698$2,934
11 years$5,015$4,485$4,004$3,571$3,180$2,456
12 years$4,550$4,025$3,554$3,132$2,756$2,070
13 years$4,157$3,638$3,175$2,765$2,403$1,755
14 years$3,820$3,307$2,853$2,454$2,106$1,494
15 years$3,529$3,021$2,576$2,189$1,855$1,277
16 years$3,274$2,771$2,335$1,960$1,639$1,095
17 years$3,049$2,552$2,125$1,761$1,453$942
18 years$2,850$2,358$1,940$1,587$1,292$812
19 years$2,672$2,186$1,776$1,434$1,152$701
20 years$2,512$2,031$1,630$1,299$1,029$606
21 years$2,367$1,892$1,499$1,179$921$525
22 years$2,235$1,766$1,382$1,072$825$455
23 years$2,116$1,652$1,276$976$741$395
24 years$2,006$1,548$1,180$890$666$344
25 years$1,905$1,452$1,093$813$599$299
26 years$1,812$1,365$1,013$743$540$260
27 years$1,727$1,285$941$680$487$226
28 years$1,647$1,210$875$623$439$197
29 years$1,573$1,142$814$572$396$172
30 years$1,504$1,078$758$525$358$150
31 years$1,440$1,019$707$482$324$131
32 years$1,380$965$660$443$293$114
33 years$1,323$913$616$407$265$99
34 years$1,270$866$575$375$240$87
35 years$1,221$821$538$345$217$76
36 years$1,174$779$503$318$197$66
37 years$1,129$740$471$293$179$58
38 years$1,088$704$441$270$162$50
39 years$1,048$669$413$249$147$44
40 years$1,010$636$387$229$133$39
41 years$975$606$363$212$121$34
42 years$941$577$341$195$110$29
43 years$909$550$320$180$99$26
44 years$878$524$300$167$90$22
45 years$849$500$282$154$82$20
46 years$821$477$265$142$74$17
47 years$794$455$249$131$68$15
48 years$769$434$234$121$61$13
49 years$745$415$220$112$56$11
50 years$722$396$206$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $739,000, adding $4,077 every year, while hoping to spend $33,829 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: 80/8/12 Blend
63$739,000$739,000$739,000$739,000
64$818,583$779,416$767,962$881,938
65$866,085$781,614$757,695$926,326
66$917,298$782,786$745,950$970,219
67$972,566$782,845$732,642$1,017,402
68$1,032,264$781,701$717,682$1,068,188
69$1,096,807$779,256$700,977$1,122,924
70$1,166,650$775,408$682,428$1,181,989
71$1,242,293$770,048$661,934$1,245,803
72$1,324,285$763,059$639,388$1,314,827
73$1,413,233$754,320$614,678$1,389,571
74$1,509,800$743,698$587,686$1,470,596
75$1,614,717$731,058$558,292$1,558,519
76$1,728,791$716,252$526,367$1,654,023
77$1,852,905$699,126$491,778$1,757,858
78$1,988,033$679,515$454,385$1,870,851
79$2,135,248$657,247$414,042$1,993,916
80$2,295,729$632,137$370,598$2,128,057
81$2,470,773$603,992$323,893$2,274,384
82$2,661,810$572,605$273,761$2,434,117
83$2,870,411$537,759$220,028$2,608,603
84$3,098,308$499,225$162,515$2,799,328
85$3,347,407$456,758$101,030$3,007,928
86$3,619,805$410,102$35,378$3,236,205
87$3,917,814$358,986$0$3,486,150
88$4,243,976$303,121$0$3,764,395
89$4,601,093$242,206$0$4,074,037
90$4,992,249$175,918$0$4,413,235
91$5,420,842$103,921$0$4,784,955
92$5,890,611$25,857$0$5,192,465
93$6,405,677$0$0$5,639,365
94$6,970,578$0$0$6,134,786
95$7,590,312$0$0$6,680,813
96$8,270,384$0$0$7,280,024
97$9,016,858$0$0$7,937,765
98$9,836,413$0$0$8,659,922
99$10,736,408$0$0$9,452,984
100$11,724,948$0$0$10,324,096