Can I retire at age 64 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$62,182$61,628$61,088$60,560$60,045$59,320
2 years$30,783$30,210$29,654$29,116$28,593$27,863
3 years$20,318$19,742$19,188$18,655$18,141$17,428
4 years$15,087$14,513$13,964$13,440$12,938$12,249
5 years$11,949$11,378$10,837$10,323$9,835$9,172
6 years$9,857$9,291$8,758$8,255$7,782$7,145
7 years$8,364$7,803$7,278$6,787$6,329$5,719
8 years$7,245$6,688$6,172$5,694$5,251$4,667
9 years$6,375$5,823$5,316$4,850$4,422$3,864
10 years$5,679$5,133$4,635$4,180$3,768$3,236
11 years$5,110$4,570$4,080$3,638$3,240$2,734
12 years$4,636$4,101$3,621$3,191$2,808$2,327
13 years$4,236$3,707$3,235$2,817$2,449$1,992
14 years$3,893$3,369$2,907$2,501$2,146$1,713
15 years$3,596$3,078$2,624$2,230$1,890$1,480
16 years$3,336$2,824$2,379$1,997$1,670$1,282
17 years$3,107$2,601$2,165$1,794$1,481$1,114
18 years$2,904$2,403$1,977$1,617$1,317$971
19 years$2,722$2,227$1,809$1,461$1,174$848
20 years$2,559$2,070$1,661$1,323$1,048$741
21 years$2,412$1,928$1,527$1,201$938$650
22 years$2,278$1,799$1,408$1,092$841$570
23 years$2,156$1,683$1,300$995$755$500
24 years$2,044$1,577$1,202$907$678$440
25 years$1,941$1,480$1,113$828$611$387
26 years$1,847$1,391$1,033$757$550$341
27 years$1,759$1,309$959$693$496$300
28 years$1,678$1,233$891$635$447$265
29 years$1,603$1,164$830$583$404$234
30 years$1,533$1,099$773$535$365$206
31 years$1,467$1,039$720$491$330$182
32 years$1,406$983$672$451$299$161
33 years$1,349$931$628$415$270$142
34 years$1,295$882$586$382$245$126
35 years$1,244$837$548$351$222$111
36 years$1,196$794$513$324$201$98
37 years$1,151$754$480$298$182$87
38 years$1,108$717$449$275$165$77
39 years$1,068$682$421$253$150$68
40 years$1,029$649$395$234$136$60
41 years$993$617$370$216$123$53
42 years$959$588$347$199$112$47
43 years$926$560$326$184$101$42
44 years$895$534$306$170$92$37
45 years$865$509$287$157$84$33
46 years$837$486$270$145$76$29
47 years$809$464$253$134$69$26
48 years$784$443$238$124$63$23
49 years$759$423$224$114$57$20
50 years$735$404$210$106$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $753,000, adding $4,030 every year, while hoping to spend $47,329 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: 49/31/20 Blend
63$753,000$753,000$753,000$753,000
64$833,963$794,054$782,382$869,961
65$868,669$782,605$758,235$883,906
66$905,330$769,009$731,691$893,908
67$944,093$753,110$702,623$903,778
68$985,123$734,744$670,893$913,524
69$1,028,596$713,738$636,359$923,154
70$1,074,709$689,906$598,872$932,685
71$1,123,672$663,055$558,277$942,134
72$1,175,719$632,977$514,412$951,528
73$1,231,103$599,454$467,106$960,897
74$1,290,104$562,255$416,183$970,280
75$1,353,026$521,137$361,456$979,724
76$1,420,203$475,841$302,733$989,286
77$1,492,001$426,095$239,812$999,033
78$1,568,821$371,609$172,481$1,009,044
79$1,651,102$312,080$100,521$1,019,412
80$1,739,328$247,185$23,702$1,030,246
81$1,834,026$176,584$0$1,041,672
82$1,935,779$99,918$0$1,066,271
83$2,045,222$16,808$0$1,097,979
84$2,163,057$0$0$1,131,981
85$2,290,051$0$0$1,193,506
86$2,427,049$0$0$1,266,126
87$2,574,978$0$0$1,344,605
88$2,734,858$0$0$1,429,493
89$2,907,808$0$0$1,521,394
90$3,095,060$0$0$1,620,970
91$3,297,967$0$0$1,728,951
92$3,518,018$0$0$1,846,140
93$3,756,850$0$0$1,973,418
94$4,016,262$0$0$2,111,757
95$4,298,235$0$0$2,262,223
96$4,604,947$0$0$2,425,991
97$4,938,794$0$0$2,604,353
98$5,302,415$0$0$2,798,733
99$5,698,711$0$0$3,010,694
100$6,130,876$0$0$3,241,959