Can I retire at age 64 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$62,099$61,546$61,007$60,480$59,966$57,815
2 years$30,742$30,170$29,615$29,077$28,555$26,412
3 years$20,291$19,716$19,163$18,630$18,116$16,048
4 years$15,067$14,494$13,946$13,422$12,921$10,942
5 years$11,933$11,363$10,822$10,309$9,822$7,939
6 years$9,844$9,279$8,746$8,244$7,772$5,986
7 years$8,353$7,792$7,268$6,778$6,321$4,631
8 years$7,235$6,679$6,164$5,686$5,244$3,649
9 years$6,366$5,816$5,309$4,843$4,416$2,914
10 years$5,671$5,126$4,628$4,175$3,763$2,351
11 years$5,103$4,564$4,075$3,633$3,236$1,912
12 years$4,630$4,096$3,616$3,187$2,804$1,565
13 years$4,230$3,702$3,231$2,814$2,445$1,287
14 years$3,888$3,365$2,903$2,498$2,144$1,062
15 years$3,591$3,074$2,621$2,227$1,887$880
16 years$3,332$2,820$2,376$1,994$1,668$731
17 years$3,103$2,597$2,162$1,792$1,479$608
18 years$2,900$2,400$1,974$1,615$1,315$507
19 years$2,719$2,224$1,807$1,459$1,172$423
20 years$2,556$2,067$1,658$1,322$1,047$354
21 years$2,409$1,925$1,525$1,199$937$296
22 years$2,275$1,797$1,406$1,091$840$248
23 years$2,153$1,681$1,298$993$754$208
24 years$2,041$1,575$1,201$906$678$174
25 years$1,939$1,478$1,112$827$610$146
26 years$1,844$1,389$1,031$756$549$123
27 years$1,757$1,307$958$692$495$103
28 years$1,676$1,232$890$634$447$86
29 years$1,601$1,162$828$582$403$73
30 years$1,531$1,097$772$534$365$61
31 years$1,465$1,037$719$490$330$51
32 years$1,404$982$671$451$298$43
33 years$1,347$930$627$414$270$36
34 years$1,293$881$586$381$244$30
35 years$1,242$836$547$351$221$26
36 years$1,194$793$512$323$200$22
37 years$1,149$753$479$298$182$18
38 years$1,107$716$449$275$165$15
39 years$1,066$681$421$253$149$13
40 years$1,028$648$394$233$135$11
41 years$992$617$370$215$123$9
42 years$957$587$347$199$112$8
43 years$925$559$325$184$101$6
44 years$893$533$305$169$92$5
45 years$864$509$287$156$83$5
46 years$835$485$269$145$76$4
47 years$808$463$253$134$69$3
48 years$783$442$238$123$62$3
49 years$758$422$224$114$57$2
50 years$734$403$210$105$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $752,000, adding $4,600 every year, while hoping to spend $48,126 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: 66/13/21 Blend
63$752,000$752,000$752,000$752,000
64$833,449$793,593$781,937$883,731
65$867,255$781,273$756,926$905,727
66$902,896$766,737$729,464$923,838
67$940,509$749,825$699,419$942,501
68$980,243$730,367$666,651$961,773
69$1,022,258$708,186$631,015$981,716
70$1,066,734$683,093$592,359$1,002,400
71$1,113,862$654,886$550,524$1,023,903
72$1,163,855$623,354$505,346$1,046,315
73$1,216,943$588,273$456,649$1,069,736
74$1,273,378$549,405$404,254$1,094,278
75$1,333,438$506,501$347,972$1,120,066
76$1,397,424$459,296$287,605$1,147,243
77$1,465,668$407,508$222,946$1,175,966
78$1,538,533$350,842$153,782$1,206,412
79$1,616,416$288,986$79,886$1,238,780
80$1,699,753$221,609$1,025$1,273,289
81$1,789,022$148,362$0$1,310,189
82$1,884,747$68,877$0$1,368,381
83$1,987,503$0$0$1,431,002
84$2,097,922$0$0$1,500,690
85$2,216,695$0$0$1,586,284
86$2,344,584$0$0$1,678,482
87$2,482,425$0$0$1,777,892
88$2,631,133$0$0$1,885,181
89$2,791,718$0$0$2,001,080
90$2,965,288$0$0$2,126,395
91$3,153,059$0$0$2,262,010
92$3,356,371$0$0$2,408,897
93$3,576,693$0$0$2,568,126
94$3,815,645$0$0$2,740,872
95$4,075,005$0$0$2,928,429
96$4,356,729$0$0$3,132,217
97$4,662,971$0$0$3,353,803
98$4,996,098$0$0$3,594,906
99$5,358,715$0$0$3,857,421
100$5,753,689$0$0$4,143,431