Can I retire at age 64 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$61,191$60,646$60,114$59,595$59,088$57,567
2 years$30,293$29,728$29,182$28,652$28,137$26,614
3 years$19,994$19,428$18,882$18,357$17,851$16,375
4 years$14,846$14,282$13,742$13,225$12,732$11,313
5 years$11,758$11,197$10,664$10,158$9,679$8,321
6 years$9,700$9,143$8,618$8,124$7,658$6,364
7 years$8,231$7,678$7,162$6,679$6,228$4,997
8 years$7,129$6,582$6,074$5,603$5,167$3,998
9 years$6,273$5,731$5,231$4,772$4,351$3,244
10 years$5,588$5,051$4,561$4,114$3,708$2,661
11 years$5,029$4,497$4,015$3,580$3,189$2,200
12 years$4,562$4,036$3,563$3,140$2,763$1,832
13 years$4,168$3,647$3,184$2,772$2,410$1,533
14 years$3,831$3,315$2,861$2,461$2,112$1,289
15 years$3,538$3,029$2,583$2,195$1,860$1,087
16 years$3,283$2,779$2,342$1,965$1,644$920
17 years$3,058$2,559$2,131$1,766$1,457$780
18 years$2,858$2,365$1,945$1,591$1,296$663
19 years$2,679$2,192$1,781$1,438$1,155$565
20 years$2,518$2,037$1,634$1,302$1,032$481
21 years$2,373$1,897$1,503$1,182$923$411
22 years$2,242$1,771$1,385$1,075$828$351
23 years$2,121$1,656$1,279$979$743$300
24 years$2,011$1,552$1,183$893$668$257
25 years$1,910$1,456$1,096$815$601$220
26 years$1,817$1,369$1,016$745$541$189
27 years$1,731$1,288$944$682$488$162
28 years$1,652$1,214$877$625$440$139
29 years$1,577$1,145$816$573$398$119
30 years$1,508$1,081$760$526$359$102
31 years$1,444$1,022$709$483$325$88
32 years$1,384$967$661$444$294$75
33 years$1,327$916$618$408$266$65
34 years$1,274$868$577$376$241$56
35 years$1,224$823$539$346$218$48
36 years$1,177$782$505$319$198$41
37 years$1,132$742$472$293$179$35
38 years$1,090$705$442$270$162$30
39 years$1,051$671$414$249$147$26
40 years$1,013$638$388$230$134$22
41 years$977$608$364$212$121$19
42 years$943$579$342$196$110$17
43 years$911$551$321$181$100$14
44 years$880$525$301$167$91$12
45 years$851$501$283$154$82$11
46 years$823$478$265$142$75$9
47 years$797$456$249$132$68$8
48 years$771$435$234$122$62$7
49 years$747$416$220$112$56$6
50 years$723$397$207$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $741,000, adding $6,396 every year, while hoping to spend $36,561 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: 44/47/9 Blend
63$741,000$741,000$741,000$741,000
64$823,179$783,906$772,421$857,011
65$868,243$783,417$759,396$880,636
66$916,678$781,679$744,710$901,985
67$968,789$778,591$728,268$924,291
68$1,024,912$774,048$709,971$947,654
69$1,085,414$767,938$689,717$972,190
70$1,150,701$760,141$667,396$998,024
71$1,221,216$750,531$642,898$1,025,300
72$1,297,447$738,975$616,102$1,054,177
73$1,379,931$725,329$586,886$1,084,835
74$1,469,259$709,445$555,121$1,117,474
75$1,566,077$691,162$520,672$1,152,316
76$1,671,101$670,312$483,398$1,189,612
77$1,785,113$646,718$443,152$1,229,640
78$1,908,977$620,189$399,780$1,272,711
79$2,043,641$590,527$353,121$1,319,172
80$2,190,148$557,519$303,007$1,369,410
81$2,349,649$520,943$249,263$1,423,855
82$2,523,406$480,562$191,706$1,482,986
83$2,712,810$436,126$130,145$1,547,337
84$2,919,392$387,371$64,380$1,617,502
85$3,144,836$334,018$0$1,694,140
86$3,390,997$275,773$0$1,778,543
87$3,659,916$212,323$0$1,877,602
88$3,953,840$143,340$0$1,986,056
89$4,275,245$68,476$0$2,104,933
90$4,626,853$0$0$2,235,373
91$5,011,664$0$0$2,385,174
92$5,432,981$0$0$2,588,049
93$5,894,442$0$0$2,810,344
94$6,400,052$0$0$3,053,999
95$6,954,221$0$0$3,321,154
96$7,561,809$0$0$3,614,160
97$8,228,166$0$0$3,935,613
98$8,959,186$0$0$4,288,367
99$9,761,360$0$0$4,675,568
100$10,641,838$0$0$5,100,682