Can I retire at age 64 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$61,274$60,728$60,195$59,676$59,168$57,785
2 years$30,333$29,769$29,221$28,690$28,175$26,789
3 years$20,021$19,454$18,908$18,382$17,876$16,530
4 years$14,866$14,301$13,760$13,243$12,749$11,455
5 years$11,774$11,212$10,678$10,172$9,692$8,452
6 years$9,713$9,155$8,630$8,135$7,669$6,486
7 years$8,242$7,689$7,171$6,688$6,237$5,110
8 years$7,139$6,591$6,082$5,610$5,174$4,103
9 years$6,281$5,738$5,238$4,779$4,357$3,341
10 years$5,596$5,058$4,567$4,119$3,713$2,750
11 years$5,035$4,503$4,021$3,585$3,193$2,283
12 years$4,569$4,042$3,568$3,145$2,767$1,908
13 years$4,174$3,652$3,188$2,776$2,413$1,603
14 years$3,836$3,320$2,864$2,464$2,115$1,353
15 years$3,543$3,033$2,586$2,198$1,862$1,147
16 years$3,287$2,783$2,345$1,968$1,646$974
17 years$3,062$2,563$2,134$1,768$1,459$830
18 years$2,862$2,368$1,948$1,593$1,298$709
19 years$2,683$2,195$1,783$1,440$1,157$606
20 years$2,522$2,039$1,636$1,304$1,033$519
21 years$2,376$1,900$1,505$1,184$924$445
22 years$2,245$1,773$1,387$1,076$829$382
23 years$2,124$1,658$1,281$980$744$328
24 years$2,014$1,554$1,185$894$669$283
25 years$1,913$1,458$1,097$816$602$243
26 years$1,820$1,370$1,018$746$542$209
27 years$1,734$1,290$945$683$489$180
28 years$1,654$1,215$878$626$441$156
29 years$1,580$1,147$817$574$398$134
30 years$1,510$1,083$761$527$360$116
31 years$1,446$1,024$710$484$325$100
32 years$1,385$969$662$445$294$86
33 years$1,329$917$618$409$266$74
34 years$1,276$869$578$376$241$64
35 years$1,226$825$540$346$218$55
36 years$1,178$783$505$319$198$48
37 years$1,134$743$473$294$179$41
38 years$1,092$706$443$271$163$36
39 years$1,052$672$415$250$147$31
40 years$1,014$639$389$230$134$27
41 years$979$608$365$213$121$23
42 years$945$579$342$196$110$20
43 years$912$552$321$181$100$17
44 years$882$526$301$167$91$15
45 years$852$502$283$154$82$13
46 years$824$479$266$143$75$11
47 years$798$457$250$132$68$10
48 years$772$436$235$122$62$8
49 years$748$416$221$113$56$7
50 years$724$398$207$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $742,000, adding $4,507 every year, while hoping to spend $46,187 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: 65/5/30 Blend
63$742,000$742,000$742,000$742,000
64$822,333$783,007$771,506$868,945
65$857,068$772,232$748,209$890,276
66$893,799$759,380$722,583$908,089
67$932,679$744,303$694,502$926,567
68$973,878$726,839$663,834$945,783
69$1,017,580$706,821$630,439$965,817
70$1,063,987$684,069$594,173$986,759
71$1,113,320$658,395$554,884$1,008,711
72$1,165,821$629,599$512,415$1,031,786
73$1,221,753$597,468$466,599$1,056,111
74$1,281,407$561,778$417,265$1,081,829
75$1,345,099$522,294$364,232$1,109,099
76$1,413,176$478,764$307,311$1,138,098
77$1,486,020$430,923$246,306$1,169,024
78$1,564,049$378,492$181,011$1,202,098
79$1,647,719$321,176$111,213$1,237,566
80$1,737,534$258,661$36,686$1,275,703
81$1,834,045$190,619$0$1,316,814
82$1,937,858$116,699$0$1,374,955
83$2,049,637$36,535$0$1,450,211
84$2,170,113$0$0$1,531,330
85$2,300,086$0$0$1,621,628
86$2,440,438$0$0$1,721,345
87$2,592,137$0$0$1,829,165
88$2,756,247$0$0$1,945,848
89$2,933,936$0$0$2,072,231
90$3,126,492$0$0$2,209,234
91$3,335,327$0$0$2,357,868
92$3,561,996$0$0$2,519,248
93$3,808,208$0$0$2,694,595
94$4,075,846$0$0$2,885,258
95$4,366,977$0$0$3,092,715
96$4,683,879$0$0$3,318,599
97$5,029,056$0$0$3,564,700
98$5,405,265$0$0$3,832,994
99$5,815,539$0$0$4,125,651
100$6,263,218$0$0$4,445,063