Can I retire at age 64 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$62,017$61,464$60,926$60,399$59,886$57,646
2 years$30,701$30,130$29,575$29,038$28,517$26,287
3 years$20,264$19,690$19,137$18,605$18,092$15,941
4 years$15,047$14,474$13,927$13,404$12,904$10,848
5 years$11,917$11,348$10,808$10,295$9,809$7,854
6 years$9,831$9,266$8,734$8,233$7,762$5,909
7 years$8,342$7,782$7,258$6,769$6,312$4,561
8 years$7,226$6,671$6,156$5,678$5,237$3,585
9 years$6,358$5,808$5,302$4,837$4,410$2,856
10 years$5,664$5,119$4,622$4,169$3,758$2,299
11 years$5,096$4,558$4,069$3,629$3,232$1,865
12 years$4,624$4,091$3,611$3,183$2,800$1,522
13 years$4,224$3,697$3,227$2,810$2,442$1,248
14 years$3,882$3,360$2,899$2,494$2,141$1,027
15 years$3,586$3,070$2,618$2,224$1,885$848
16 years$3,327$2,816$2,373$1,992$1,666$703
17 years$3,099$2,594$2,159$1,790$1,477$583
18 years$2,896$2,397$1,971$1,613$1,313$485
19 years$2,715$2,221$1,805$1,457$1,171$403
20 years$2,552$2,064$1,656$1,320$1,046$336
21 years$2,405$1,923$1,523$1,198$936$280
22 years$2,272$1,795$1,404$1,089$839$234
23 years$2,150$1,679$1,296$992$753$196
24 years$2,039$1,573$1,199$905$677$163
25 years$1,936$1,476$1,110$826$609$137
26 years$1,842$1,387$1,030$755$548$114
27 years$1,755$1,305$956$691$495$96
28 years$1,674$1,230$889$634$446$80
29 years$1,599$1,160$827$581$403$67
30 years$1,529$1,096$771$533$364$56
31 years$1,463$1,036$718$490$329$47
32 years$1,402$980$670$450$298$39
33 years$1,345$928$626$414$269$33
34 years$1,291$880$585$381$244$28
35 years$1,240$835$547$351$221$23
36 years$1,193$792$511$323$200$19
37 years$1,148$752$479$297$181$16
38 years$1,105$715$448$274$165$14
39 years$1,065$680$420$253$149$11
40 years$1,027$647$394$233$135$10
41 years$991$616$369$215$123$8
42 years$956$586$346$199$111$7
43 years$923$559$325$183$101$6
44 years$892$533$305$169$92$5
45 years$863$508$286$156$83$4
46 years$834$484$269$144$76$3
47 years$807$462$253$133$69$3
48 years$782$441$237$123$62$2
49 years$757$421$223$114$57$2
50 years$733$403$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $751,000, adding $6,292 every year, while hoping to spend $26,747 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: 62/13/25 Blend
63$751,000$751,000$751,000$751,000
64$834,092$794,289$782,649$879,913
65$890,711$804,751$780,409$922,171
66$952,208$814,829$777,197$964,803
67$1,019,054$824,475$772,954$1,010,765
68$1,091,764$833,641$767,614$1,060,389
69$1,170,907$842,272$761,112$1,114,036
70$1,257,107$850,311$753,377$1,172,108
71$1,351,053$857,697$744,336$1,235,048
72$1,453,501$864,366$733,912$1,303,346
73$1,565,286$870,247$722,026$1,377,539
74$1,687,323$875,268$708,592$1,458,223
75$1,820,623$879,349$693,523$1,546,055
76$1,966,298$882,408$676,727$1,641,759
77$2,125,570$884,356$658,108$1,746,133
78$2,299,788$885,099$637,564$1,860,060
79$2,490,434$884,537$614,990$1,984,513
80$2,699,142$882,563$590,276$2,120,564
81$2,927,711$879,065$563,307$2,269,397
82$3,178,122$873,923$533,962$2,432,320
83$3,452,556$867,011$502,115$2,610,771
84$3,753,415$858,193$467,634$2,806,341
85$4,083,346$847,327$430,383$3,020,782
86$4,445,263$834,262$390,216$3,256,029
87$4,842,376$818,837$346,985$3,514,213
88$5,278,222$800,883$300,531$3,797,687
89$5,756,693$780,219$250,693$4,109,046
90$6,282,082$756,656$197,297$4,451,151
91$6,859,115$729,992$140,166$4,827,157
92$7,492,996$700,014$79,114$5,240,544
93$8,189,463$666,496$13,945$5,695,151
94$8,954,833$629,198$0$6,195,208
95$9,796,067$587,870$0$6,760,216
96$10,720,833$542,244$0$7,385,421
97$11,737,582$492,037$0$8,072,835
98$12,855,620$436,952$0$8,828,775
99$14,085,204$376,673$0$9,660,205
100$15,437,631$310,867$0$10,574,800