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%13.3%
1 years$62,099$61,546$61,007$60,480$59,966$59,143
2 years$30,742$30,170$29,615$29,077$28,555$27,727
3 years$20,291$19,716$19,163$18,630$18,116$17,310
4 years$15,067$14,494$13,946$13,422$12,921$12,142
5 years$11,933$11,363$10,822$10,309$9,822$9,072
6 years$9,844$9,279$8,746$8,244$7,772$7,053
7 years$8,353$7,792$7,268$6,778$6,321$5,632
8 years$7,235$6,679$6,164$5,686$5,244$4,585
9 years$6,366$5,816$5,309$4,843$4,416$3,788
10 years$5,671$5,126$4,628$4,175$3,763$3,164
11 years$5,103$4,564$4,075$3,633$3,236$2,667
12 years$4,630$4,096$3,616$3,187$2,804$2,264
13 years$4,230$3,702$3,231$2,814$2,445$1,933
14 years$3,888$3,365$2,903$2,498$2,144$1,658
15 years$3,591$3,074$2,621$2,227$1,887$1,428
16 years$3,332$2,820$2,376$1,994$1,668$1,234
17 years$3,103$2,597$2,162$1,792$1,479$1,070
18 years$2,900$2,400$1,974$1,615$1,315$929
19 years$2,719$2,224$1,807$1,459$1,172$809
20 years$2,556$2,067$1,658$1,322$1,047$705
21 years$2,409$1,925$1,525$1,199$937$616
22 years$2,275$1,797$1,406$1,091$840$539
23 years$2,153$1,681$1,298$993$754$472
24 years$2,041$1,575$1,201$906$678$414
25 years$1,939$1,478$1,112$827$610$363
26 years$1,844$1,389$1,031$756$549$318
27 years$1,757$1,307$958$692$495$280
28 years$1,676$1,232$890$634$447$246
29 years$1,601$1,162$828$582$403$216
30 years$1,531$1,097$772$534$365$190
31 years$1,465$1,037$719$490$330$167
32 years$1,404$982$671$451$298$147
33 years$1,347$930$627$414$270$130
34 years$1,293$881$586$381$244$114
35 years$1,242$836$547$351$221$101
36 years$1,194$793$512$323$200$89
37 years$1,149$753$479$298$182$78
38 years$1,107$716$449$275$165$69
39 years$1,066$681$421$253$149$61
40 years$1,028$648$394$233$135$54
41 years$992$617$370$215$123$47
42 years$957$587$347$199$112$42
43 years$925$559$325$184$101$37
44 years$893$533$305$169$92$32
45 years$864$509$287$156$83$29
46 years$835$485$269$145$76$25
47 years$808$463$253$134$69$22
48 years$783$442$238$123$62$20
49 years$758$422$224$114$57$17
50 years$734$403$210$105$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $752,000, adding $4,042 every year, while hoping to spend $45,608 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: 43/27/30 Blend
63$752,000$752,000$752,000$752,000
64$832,873$793,017$781,361$861,253
65$869,300$783,349$759,010$872,383
66$907,913$771,678$734,382$879,842
67$948,889$757,858$707,352$887,069
68$992,417$741,735$677,790$894,073
69$1,038,708$723,144$645,560$900,862
70$1,087,989$701,911$610,520$907,453
71$1,140,513$677,854$572,521$913,866
72$1,196,552$650,776$531,408$920,129
73$1,256,409$620,472$487,018$926,274
74$1,320,412$586,724$439,182$932,344
75$1,388,922$549,302$387,723$938,390
76$1,462,336$507,962$332,456$944,473
77$1,541,088$462,446$273,187$950,667
78$1,625,656$412,482$209,715$957,058
79$1,716,561$357,782$141,829$963,748
80$1,814,379$298,042$69,309$970,853
81$1,919,740$232,941$0$978,512
82$2,033,338$162,139$0$989,469
83$2,155,932$85,278$0$1,025,163
84$2,288,360$1,979$0$1,063,674
85$2,431,540$0$0$1,105,323
86$2,586,482$0$0$1,176,660
87$2,754,296$0$0$1,254,638
88$2,936,203$0$0$1,339,245
89$3,133,546$0$0$1,431,116
90$3,347,799$0$0$1,530,949
91$3,580,587$0$0$1,639,512
92$3,833,696$0$0$1,757,649
93$4,109,090$0$0$1,886,289
94$4,408,932$0$0$2,026,456
95$4,735,600$0$0$2,179,274
96$5,091,712$0$0$2,345,982
97$5,480,150$0$0$2,527,944
98$5,904,085$0$0$2,726,660
99$6,367,008$0$0$2,943,782
100$6,872,760$0$0$3,181,129