Can I retire at age 64 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$61,687$61,137$60,601$60,078$59,567$58,604
2 years$30,538$29,969$29,418$28,884$28,365$27,398
3 years$20,156$19,585$19,035$18,506$17,996$17,054
4 years$14,967$14,397$13,853$13,333$12,835$11,926
5 years$11,854$11,288$10,750$10,241$9,757$8,883
6 years$9,779$9,217$8,688$8,190$7,720$6,883
7 years$8,298$7,741$7,220$6,733$6,279$5,478
8 years$7,187$6,635$6,123$5,648$5,209$4,445
9 years$6,324$5,777$5,274$4,811$4,387$3,659
10 years$5,634$5,092$4,598$4,147$3,738$3,045
11 years$5,069$4,533$4,048$3,609$3,214$2,557
12 years$4,599$4,069$3,592$3,166$2,786$2,162
13 years$4,202$3,677$3,209$2,795$2,429$1,839
14 years$3,862$3,342$2,884$2,481$2,129$1,571
15 years$3,567$3,053$2,604$2,213$1,875$1,348
16 years$3,309$2,801$2,361$1,981$1,657$1,160
17 years$3,082$2,580$2,148$1,780$1,469$1,001
18 years$2,881$2,384$1,961$1,604$1,306$866
19 years$2,701$2,209$1,795$1,450$1,164$750
20 years$2,539$2,053$1,647$1,313$1,040$651
21 years$2,392$1,912$1,515$1,191$931$566
22 years$2,260$1,785$1,397$1,083$834$493
23 years$2,139$1,670$1,289$987$749$430
24 years$2,028$1,564$1,193$900$673$375
25 years$1,926$1,468$1,105$822$606$327
26 years$1,832$1,380$1,024$751$546$286
27 years$1,745$1,298$951$688$492$250
28 years$1,665$1,224$884$630$444$219
29 years$1,590$1,154$823$578$401$191
30 years$1,521$1,090$767$530$362$168
31 years$1,456$1,030$715$487$327$147
32 years$1,395$975$667$448$296$129
33 years$1,338$923$623$412$268$113
34 years$1,284$875$582$379$243$99
35 years$1,234$830$544$349$220$87
36 years$1,186$788$509$321$199$76
37 years$1,142$748$476$296$180$67
38 years$1,099$711$446$273$164$58
39 years$1,059$676$418$251$148$51
40 years$1,021$643$392$232$135$45
41 years$985$612$367$214$122$39
42 years$951$583$344$197$111$35
43 years$919$556$323$182$101$30
44 years$888$530$303$168$91$27
45 years$858$505$285$155$83$23
46 years$830$482$268$144$75$21
47 years$803$460$251$133$68$18
48 years$777$439$236$123$62$16
49 years$753$419$222$113$56$14
50 years$729$400$209$105$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $747,000, adding $6,969 every year, while hoping to spend $33,631 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: 40/48/12 Blend
63$747,000$747,000$747,000$747,000
64$830,383$790,792$779,213$860,359
65$879,298$793,757$769,534$885,150
66$932,077$795,741$758,403$908,110
67$989,075$796,659$745,736$932,206
68$1,050,689$796,423$731,446$957,557
69$1,117,350$794,939$715,440$984,293
70$1,189,534$792,105$697,622$1,012,562
71$1,267,765$787,817$677,891$1,042,530
72$1,352,618$781,961$656,141$1,074,380
73$1,444,725$774,417$632,262$1,108,316
74$1,544,782$765,059$606,138$1,144,569
75$1,653,556$753,752$577,649$1,183,391
76$1,771,887$740,355$546,669$1,225,069
77$1,900,702$724,715$513,065$1,269,917
78$2,041,022$706,674$476,701$1,318,287
79$2,193,967$686,062$437,431$1,370,572
80$2,360,772$662,700$395,106$1,427,206
81$2,542,797$636,398$349,568$1,488,674
82$2,741,536$606,956$300,653$1,555,514
83$2,958,638$574,161$248,189$1,628,323
84$3,195,914$537,790$191,999$1,707,767
85$3,455,360$497,605$131,894$1,794,582
86$3,739,174$453,355$67,679$1,889,585
87$4,049,775$404,774$0$1,993,686
88$4,389,827$351,583$0$2,107,999
89$4,762,265$293,486$0$2,242,788
90$5,170,318$230,169$0$2,390,645
91$5,617,545$161,302$0$2,552,970
92$6,107,865$86,536$0$2,731,316
93$6,645,593$5,502$0$2,927,400
94$7,235,483$0$0$3,143,120
95$7,882,772$0$0$3,423,989
96$8,593,225$0$0$3,735,559
97$9,373,197$0$0$4,077,722
98$10,229,686$0$0$4,453,561
99$11,170,399$0$0$4,866,474
100$12,203,829$0$0$5,320,201