Can I retire at age 64 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$61,109$60,564$60,033$59,515$59,009$58,686
2 years$30,252$29,688$29,142$28,613$28,099$27,774
3 years$19,967$19,402$18,857$18,333$17,827$17,509
4 years$14,826$14,262$13,723$13,208$12,715$12,406
5 years$11,743$11,182$10,650$10,145$9,665$9,367
6 years$9,687$9,131$8,607$8,113$7,648$7,361
7 years$8,220$7,668$7,152$6,670$6,220$5,944
8 years$7,120$6,573$6,066$5,595$5,160$4,895
9 years$6,265$5,723$5,224$4,766$4,345$4,091
10 years$5,581$5,044$4,555$4,108$3,703$3,459
11 years$5,022$4,491$4,010$3,575$3,184$2,952
12 years$4,556$4,031$3,559$3,136$2,759$2,537
13 years$4,163$3,643$3,179$2,769$2,406$2,194
14 years$3,826$3,311$2,857$2,458$2,109$1,908
15 years$3,534$3,025$2,579$2,192$1,857$1,665
16 years$3,278$2,775$2,338$1,963$1,641$1,459
17 years$3,054$2,556$2,128$1,763$1,455$1,282
18 years$2,854$2,362$1,942$1,589$1,294$1,130
19 years$2,675$2,189$1,778$1,436$1,153$998
20 years$2,515$2,034$1,632$1,301$1,030$883
21 years$2,370$1,894$1,501$1,180$922$783
22 years$2,238$1,768$1,383$1,073$826$695
23 years$2,119$1,654$1,277$977$742$618
24 years$2,009$1,550$1,181$891$667$550
25 years$1,908$1,454$1,094$814$600$490
26 years$1,815$1,367$1,015$744$540$437
27 years$1,729$1,286$942$681$487$390
28 years$1,649$1,212$876$624$440$348
29 years$1,575$1,143$815$572$397$311
30 years$1,506$1,080$759$525$359$278
31 years$1,442$1,021$708$483$324$249
32 years$1,382$966$661$443$293$223
33 years$1,325$915$617$408$266$200
34 years$1,272$867$576$375$240$179
35 years$1,222$822$539$345$218$160
36 years$1,175$780$504$318$197$144
37 years$1,131$741$472$293$179$129
38 years$1,089$704$442$270$162$115
39 years$1,049$670$414$249$147$104
40 years$1,012$637$388$230$133$93
41 years$976$607$364$212$121$83
42 years$942$578$341$196$110$75
43 years$910$551$320$181$100$67
44 years$879$525$301$167$90$60
45 years$850$500$282$154$82$54
46 years$822$477$265$142$75$49
47 years$796$456$249$131$68$44
48 years$770$435$234$121$61$39
49 years$746$415$220$112$56$35
50 years$722$397$207$104$51$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $740,000, adding $2,515 every year, while hoping to spend $34,540 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: 55/29/16 Blend
63$740,000$740,000$740,000$740,000
64$818,074$778,854$767,384$859,468
65$864,768$780,268$756,341$889,350
66$915,066$780,593$743,771$917,944
67$969,301$779,740$729,585$948,301
68$1,027,835$777,614$713,692$980,597
69$1,091,070$774,112$695,997$1,015,029
70$1,159,445$769,129$676,398$1,051,813
71$1,233,442$762,550$654,791$1,091,190
72$1,313,592$754,254$631,065$1,133,428
73$1,400,479$744,113$605,107$1,178,821
74$1,494,745$731,991$576,795$1,227,699
75$1,597,095$717,746$546,004$1,280,424
76$1,708,307$701,223$512,603$1,337,400
77$1,829,234$682,263$476,455$1,399,071
78$1,960,816$660,694$437,417$1,465,934
79$2,104,087$636,336$395,338$1,538,533
80$2,260,185$608,997$350,063$1,617,476
81$2,430,361$578,475$301,427$1,703,431
82$2,615,994$544,556$249,261$1,797,143
83$2,818,600$507,014$193,385$1,899,430
84$3,039,848$465,610$133,615$2,011,203
85$3,281,577$420,089$69,756$2,133,465
86$3,545,810$370,185$1,605$2,267,329
87$3,834,775$315,616$0$2,414,024
88$4,150,923$256,083$0$2,587,051
89$4,496,956$191,270$0$2,776,853
90$4,875,848$120,844$0$2,984,856
91$5,290,873$44,454$0$3,212,939
92$5,745,638$0$0$3,463,173
93$6,244,114$0$0$3,750,060
94$6,790,676$0$0$4,080,245
95$7,390,141$0$0$4,442,460
96$8,047,817$0$0$4,839,921
97$8,769,549$0$0$5,276,170
98$9,561,773$0$0$5,755,107
99$10,431,583$0$0$6,281,030
100$11,386,791$0$0$6,858,672