Can I retire at age 64 with 745,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$61,521$60,973$60,439$59,917$59,407$57,322
2 years$30,456$29,889$29,339$28,806$28,289$26,210
3 years$20,102$19,533$18,984$18,456$17,948$15,941
4 years$14,927$14,359$13,816$13,297$12,801$10,880
5 years$11,822$11,257$10,722$10,213$9,731$7,903
6 years$9,753$9,192$8,665$8,168$7,700$5,965
7 years$8,275$7,720$7,200$6,715$6,262$4,620
8 years$7,168$6,617$6,106$5,633$5,195$3,645
9 years$6,307$5,762$5,260$4,798$4,375$2,914
10 years$5,619$5,079$4,585$4,136$3,728$2,354
11 years$5,056$4,521$4,037$3,600$3,206$1,917
12 years$4,587$4,058$3,583$3,157$2,778$1,571
13 years$4,191$3,667$3,201$2,787$2,423$1,294
14 years$3,851$3,333$2,876$2,474$2,124$1,069
15 years$3,558$3,045$2,597$2,207$1,870$887
16 years$3,301$2,794$2,354$1,976$1,653$738
17 years$3,074$2,573$2,142$1,775$1,465$615
18 years$2,873$2,378$1,956$1,600$1,303$513
19 years$2,694$2,203$1,790$1,446$1,161$429
20 years$2,532$2,048$1,643$1,309$1,037$359
21 years$2,386$1,907$1,511$1,188$928$301
22 years$2,254$1,780$1,393$1,080$832$253
23 years$2,133$1,665$1,286$984$747$212
24 years$2,022$1,560$1,189$897$671$178
25 years$1,921$1,464$1,102$820$604$150
26 years$1,827$1,376$1,022$749$544$126
27 years$1,741$1,295$949$686$491$106
28 years$1,660$1,220$882$628$443$89
29 years$1,586$1,151$821$576$400$75
30 years$1,516$1,087$764$529$361$63
31 years$1,452$1,028$713$486$327$53
32 years$1,391$972$665$446$295$45
33 years$1,334$921$621$411$267$38
34 years$1,281$873$580$378$242$32
35 years$1,231$828$542$348$219$27
36 years$1,183$786$507$320$199$22
37 years$1,139$746$475$295$180$19
38 years$1,096$709$445$272$163$16
39 years$1,056$674$417$251$148$13
40 years$1,019$642$391$231$134$11
41 years$983$611$366$213$122$10
42 years$948$582$343$197$110$8
43 years$916$554$322$182$100$7
44 years$885$528$303$168$91$6
45 years$856$504$284$155$83$5
46 years$828$481$267$143$75$4
47 years$801$459$251$132$68$3
48 years$775$438$236$122$62$3
49 years$751$418$221$113$56$2
50 years$727$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $745,000, adding $6,631 every year, while hoping to spend $51,949 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: 33/40/27 Blend
63$745,000$745,000$745,000$745,000
64$827,830$788,345$776,797$848,173
65$856,995$771,700$747,547$847,503
66$887,394$752,499$715,575$841,688
67$919,098$730,561$680,736$834,403
68$952,183$705,696$642,878$825,553
69$986,732$677,701$601,841$815,038
70$1,022,834$646,364$557,458$802,755
71$1,060,585$611,458$509,554$788,597
72$1,100,089$572,744$457,949$772,449
73$1,141,460$529,970$402,452$754,194
74$1,184,819$482,868$342,864$733,710
75$1,230,299$431,157$278,979$710,867
76$1,278,043$374,538$210,578$685,534
77$1,328,209$312,695$137,438$657,571
78$1,380,965$245,297$59,321$626,835
79$1,436,497$171,989$0$593,177
80$1,495,005$92,402$0$563,369
81$1,556,709$6,143$0$549,013
82$1,621,846$0$0$532,913
83$1,690,678$0$0$553,364
84$1,763,488$0$0$577,905
85$1,840,585$0$0$603,945
86$1,922,309$0$0$631,605
87$2,009,030$0$0$661,017
88$2,101,151$0$0$692,326
89$2,199,116$0$0$725,690
90$2,303,408$0$0$761,285
91$2,414,557$0$0$799,300
92$2,533,143$0$0$839,943
93$2,659,803$0$0$883,445
94$2,795,233$0$0$930,055
95$2,940,197$0$0$980,049
96$3,095,533$0$0$1,033,729
97$3,262,158$0$0$1,091,427
98$3,441,083$0$0$1,153,505
99$3,633,413$0$0$1,220,365
100$3,840,362$0$0$1,292,444