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%12.2%
1 years$61,191$60,646$60,114$59,595$59,088$58,544
2 years$30,293$29,728$29,182$28,652$28,137$27,589
3 years$19,994$19,428$18,882$18,357$17,851$17,316
4 years$14,846$14,282$13,742$13,225$12,732$12,214
5 years$11,758$11,197$10,664$10,158$9,679$9,179
6 years$9,700$9,143$8,618$8,124$7,658$7,178
7 years$8,231$7,678$7,162$6,679$6,228$5,767
8 years$7,129$6,582$6,074$5,603$5,167$4,725
9 years$6,273$5,731$5,231$4,772$4,351$3,929
10 years$5,588$5,051$4,561$4,114$3,708$3,304
11 years$5,029$4,497$4,015$3,580$3,189$2,804
12 years$4,562$4,036$3,563$3,140$2,763$2,397
13 years$4,168$3,647$3,184$2,772$2,410$2,061
14 years$3,831$3,315$2,861$2,461$2,112$1,781
15 years$3,538$3,029$2,583$2,195$1,860$1,545
16 years$3,283$2,779$2,342$1,965$1,644$1,346
17 years$3,058$2,559$2,131$1,766$1,457$1,175
18 years$2,858$2,365$1,945$1,591$1,296$1,029
19 years$2,679$2,192$1,781$1,438$1,155$903
20 years$2,518$2,037$1,634$1,302$1,032$794
21 years$2,373$1,897$1,503$1,182$923$699
22 years$2,242$1,771$1,385$1,075$828$617
23 years$2,121$1,656$1,279$979$743$544
24 years$2,011$1,552$1,183$893$668$481
25 years$1,910$1,456$1,096$815$601$426
26 years$1,817$1,369$1,016$745$541$377
27 years$1,731$1,288$944$682$488$334
28 years$1,652$1,214$877$625$440$296
29 years$1,577$1,145$816$573$398$263
30 years$1,508$1,081$760$526$359$233
31 years$1,444$1,022$709$483$325$207
32 years$1,384$967$661$444$294$184
33 years$1,327$916$618$408$266$164
34 years$1,274$868$577$376$241$145
35 years$1,224$823$539$346$218$129
36 years$1,177$782$505$319$198$115
37 years$1,132$742$472$293$179$102
38 years$1,090$705$442$270$162$91
39 years$1,051$671$414$249$147$81
40 years$1,013$638$388$230$134$72
41 years$977$608$364$212$121$64
42 years$943$579$342$196$110$57
43 years$911$551$321$181$100$51
44 years$880$525$301$167$91$45
45 years$851$501$283$154$82$40
46 years$823$478$265$142$75$36
47 years$797$456$249$132$68$32
48 years$771$435$234$122$62$29
49 years$747$416$220$112$56$25
50 years$723$397$207$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $741,000, adding $2,982 every year, while hoping to spend $25,170 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: 67/8/25 Blend
63$741,000$741,000$741,000$741,000
64$819,658$780,385$768,899$869,093
65$876,482$791,843$767,877$914,153
66$938,259$803,019$765,976$960,280
67$1,005,467$813,873$763,142$1,010,151
68$1,078,633$824,360$759,315$1,064,136
69$1,158,336$834,436$754,435$1,122,643
70$1,245,213$844,051$748,435$1,186,122
71$1,339,967$853,151$741,250$1,255,069
72$1,443,369$861,681$732,808$1,330,032
73$1,556,271$869,582$723,035$1,411,614
74$1,679,607$876,788$711,853$1,500,481
75$1,814,408$883,232$699,181$1,597,367
76$1,961,809$888,841$684,935$1,703,081
77$2,123,058$893,539$669,025$1,818,517
78$2,299,530$897,243$651,358$1,944,658
79$2,492,741$899,866$631,836$2,082,591
80$2,704,356$901,315$610,359$2,233,512
81$2,936,213$901,492$586,818$2,398,743
82$3,190,333$900,292$561,103$2,579,737
83$3,468,945$897,604$533,098$2,778,101
84$3,774,501$893,310$502,680$2,995,604
85$4,109,702$887,285$469,722$3,234,198
86$4,477,526$879,396$434,092$3,496,036
87$4,881,250$869,502$395,650$3,783,489
88$5,324,484$857,455$354,252$4,099,174
89$5,811,207$843,095$309,744$4,445,975
90$6,345,800$826,257$261,971$4,827,073
91$6,933,089$806,761$210,764$5,245,973
92$7,578,393$784,421$155,953$5,706,542
93$8,287,568$759,037$97,357$6,213,042
94$9,067,069$730,399$34,788$6,770,172
95$9,924,006$698,284$0$7,383,110
96$10,866,211$662,456$0$8,066,102
97$11,902,314$622,667$0$8,827,367
98$13,041,825$578,652$0$9,664,615
99$14,295,218$530,132$0$10,585,556
100$15,674,035$476,814$0$11,598,687