Can I retire at age 64 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$61,934$61,383$60,844$60,319$59,806$57,501
2 years$30,661$30,090$29,536$29,000$28,479$26,185
3 years$20,237$19,664$19,112$18,580$18,068$15,856
4 years$15,027$14,455$13,909$13,386$12,886$10,774
5 years$11,901$11,333$10,794$10,282$9,796$7,788
6 years$9,818$9,254$8,723$8,222$7,751$5,849
7 years$8,331$7,772$7,249$6,760$6,304$4,507
8 years$7,216$6,662$6,147$5,671$5,230$3,537
9 years$6,349$5,800$5,295$4,830$4,404$2,813
10 years$5,656$5,113$4,616$4,164$3,753$2,259
11 years$5,090$4,551$4,064$3,624$3,227$1,829
12 years$4,618$4,085$3,607$3,179$2,797$1,490
13 years$4,219$3,692$3,222$2,806$2,439$1,219
14 years$3,877$3,356$2,895$2,491$2,138$1,002
15 years$3,581$3,066$2,614$2,222$1,882$825
16 years$3,323$2,813$2,370$1,989$1,664$682
17 years$3,095$2,590$2,157$1,787$1,475$565
18 years$2,892$2,394$1,969$1,611$1,312$468
19 years$2,712$2,218$1,802$1,455$1,169$389
20 years$2,549$2,061$1,654$1,318$1,044$323
21 years$2,402$1,920$1,521$1,196$934$269
22 years$2,269$1,792$1,402$1,088$838$224
23 years$2,147$1,676$1,295$991$752$187
24 years$2,036$1,571$1,197$903$676$156
25 years$1,934$1,474$1,109$825$608$130
26 years$1,839$1,385$1,029$754$548$108
27 years$1,752$1,304$955$691$494$91
28 years$1,672$1,228$888$633$446$76
29 years$1,597$1,159$826$580$402$63
30 years$1,527$1,094$770$532$364$53
31 years$1,461$1,035$717$489$329$44
32 years$1,400$979$669$449$297$37
33 years$1,343$927$625$413$269$31
34 years$1,289$879$584$380$244$26
35 years$1,239$833$546$350$221$21
36 years$1,191$791$511$322$200$18
37 years$1,146$751$478$297$181$15
38 years$1,104$714$448$274$164$13
39 years$1,063$679$419$252$149$10
40 years$1,025$646$393$233$135$9
41 years$989$615$369$215$123$7
42 years$955$586$346$198$111$6
43 years$922$558$324$183$101$5
44 years$891$532$305$169$92$4
45 years$861$507$286$156$83$4
46 years$833$484$269$144$76$3
47 years$806$462$252$133$69$3
48 years$780$441$237$123$62$2
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $750,000, adding $4,394 every year, while hoping to spend $30,314 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: 45/38/17 Blend
63$750,000$750,000$750,000$750,000
64$831,032$791,282$779,657$864,194
65$883,544$797,801$773,522$894,338
66$940,395$803,624$766,165$923,630
67$1,001,998$808,684$757,514$954,749
68$1,068,803$812,910$747,492$987,878
69$1,141,307$816,229$736,019$1,023,218
70$1,220,056$818,560$723,011$1,060,994
71$1,305,651$819,819$708,382$1,101,456
72$1,398,753$819,916$692,038$1,144,878
73$1,500,089$818,755$673,885$1,191,567
74$1,610,460$816,235$653,821$1,241,862
75$1,730,745$812,249$631,742$1,296,137
76$1,861,913$806,681$607,538$1,354,809
77$2,005,032$799,412$581,094$1,418,338
78$2,161,275$790,313$552,290$1,487,235
79$2,331,934$779,247$521,001$1,562,063
80$2,518,432$766,071$487,095$1,643,448
81$2,722,335$750,631$450,436$1,732,081
82$2,945,367$732,766$410,879$1,828,729
83$3,189,427$712,304$368,276$1,934,238
84$3,456,605$689,064$322,471$2,049,544
85$3,749,204$662,854$273,299$2,175,686
86$4,069,760$633,470$220,591$2,313,808
87$4,421,063$600,698$164,168$2,465,179
88$4,806,189$564,310$103,845$2,631,201
89$5,228,524$524,065$39,428$2,813,423
90$5,691,799$479,710$0$3,013,557
91$6,200,122$430,975$0$3,238,816
92$6,758,018$377,576$0$3,493,951
93$7,370,472$319,214$0$3,774,155
94$8,042,976$255,571$0$4,082,024
95$8,781,577$186,311$0$4,420,425
96$9,592,940$111,082$0$4,792,520
97$10,484,404$29,510$0$5,201,801
98$11,464,057$0$0$5,652,119
99$12,540,806$0$0$6,172,314
100$13,724,468$0$0$6,757,822