Can I retire at age 64 with 751,000?

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 $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%12.1%
1 years$62,017$61,464$60,926$60,399$59,886$59,359
2 years$30,701$30,130$29,575$29,038$28,517$27,986
3 years$20,264$19,690$19,137$18,605$18,092$17,574
4 years$15,047$14,474$13,927$13,404$12,904$12,402
5 years$11,917$11,348$10,808$10,295$9,809$9,325
6 years$9,831$9,266$8,734$8,233$7,762$7,296
7 years$8,342$7,782$7,258$6,769$6,312$5,865
8 years$7,226$6,671$6,156$5,678$5,237$4,808
9 years$6,358$5,808$5,302$4,837$4,410$4,000
10 years$5,664$5,119$4,622$4,169$3,758$3,366
11 years$5,096$4,558$4,069$3,629$3,232$2,858
12 years$4,624$4,091$3,611$3,183$2,800$2,445
13 years$4,224$3,697$3,227$2,810$2,442$2,104
14 years$3,882$3,360$2,899$2,494$2,141$1,819
15 years$3,586$3,070$2,618$2,224$1,885$1,579
16 years$3,327$2,816$2,373$1,992$1,666$1,376
17 years$3,099$2,594$2,159$1,790$1,477$1,203
18 years$2,896$2,397$1,971$1,613$1,313$1,054
19 years$2,715$2,221$1,805$1,457$1,171$926
20 years$2,552$2,064$1,656$1,320$1,046$814
21 years$2,405$1,923$1,523$1,198$936$718
22 years$2,272$1,795$1,404$1,089$839$633
23 years$2,150$1,679$1,296$992$753$560
24 years$2,039$1,573$1,199$905$677$495
25 years$1,936$1,476$1,110$826$609$438
26 years$1,842$1,387$1,030$755$548$389
27 years$1,755$1,305$956$691$495$345
28 years$1,674$1,230$889$634$446$306
29 years$1,599$1,160$827$581$403$272
30 years$1,529$1,096$771$533$364$241
31 years$1,463$1,036$718$490$329$214
32 years$1,402$980$670$450$298$191
33 years$1,345$928$626$414$269$170
34 years$1,291$880$585$381$244$151
35 years$1,240$835$547$351$221$134
36 years$1,193$792$511$323$200$120
37 years$1,148$752$479$297$181$106
38 years$1,105$715$448$274$165$95
39 years$1,065$680$420$253$149$84
40 years$1,027$647$394$233$135$75
41 years$991$616$369$215$123$67
42 years$956$586$346$199$111$60
43 years$923$559$325$183$101$53
44 years$892$533$305$169$92$47
45 years$863$508$286$156$83$42
46 years$834$484$269$144$76$38
47 years$807$462$253$133$69$34
48 years$782$441$237$123$62$30
49 years$757$421$223$114$57$27
50 years$733$403$210$105$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $751,000, adding $3,160 every year, while hoping to spend $53,127 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: 85/10/5 Blend
63$751,000$751,000$751,000$751,000
64$830,862$791,059$779,418$901,222
65$859,083$773,294$749,002$929,798
66$888,402$752,878$715,786$953,570
67$918,875$729,625$679,621$977,977
68$950,562$703,338$640,350$1,003,048
69$983,526$673,809$597,809$1,028,812
70$1,017,837$640,817$551,827$1,055,302
71$1,053,569$604,129$502,225$1,082,554
72$1,090,800$563,499$448,817$1,110,607
73$1,129,617$518,665$391,408$1,139,504
74$1,170,111$469,353$329,793$1,169,290
75$1,212,382$415,271$263,760$1,200,019
76$1,256,536$356,110$193,087$1,231,747
77$1,302,689$291,546$117,542$1,264,536
78$1,350,967$221,235$36,883$1,298,455
79$1,401,504$144,814$0$1,333,579
80$1,454,447$61,900$0$1,372,618
81$1,509,955$0$0$1,415,309
82$1,568,200$0$0$1,462,871
83$1,629,369$0$0$1,519,977
84$1,693,666$0$0$1,580,007
85$1,761,311$0$0$1,643,167
86$1,832,545$0$0$1,709,682
87$1,907,630$0$0$1,779,798
88$1,986,851$0$0$1,853,781
89$2,070,519$0$0$1,931,923
90$2,158,972$0$0$2,014,540
91$2,252,581$0$0$2,101,979
92$2,351,750$0$0$2,194,618
93$2,456,921$0$0$2,292,871
94$2,568,576$0$0$2,397,190
95$2,687,243$0$0$2,508,068
96$2,813,499$0$0$2,626,046
97$2,947,977$0$0$2,751,716
98$3,091,367$0$0$2,885,726
99$3,244,428$0$0$3,028,784
100$3,407,989$0$0$3,181,669