Can I retire at age 64 with 753,000?

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 $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%14.7%
1 years$62,182$61,628$61,088$60,560$60,045$58,881
2 years$30,783$30,210$29,654$29,116$28,593$27,425
3 years$20,318$19,742$19,188$18,655$18,141$17,005
4 years$15,087$14,513$13,964$13,440$12,938$11,843
5 years$11,949$11,378$10,837$10,323$9,835$8,785
6 years$9,857$9,291$8,758$8,255$7,782$6,778
7 years$8,364$7,803$7,278$6,787$6,329$5,370
8 years$7,245$6,688$6,172$5,694$5,251$4,337
9 years$6,375$5,823$5,316$4,850$4,422$3,553
10 years$5,679$5,133$4,635$4,180$3,768$2,943
11 years$5,110$4,570$4,080$3,638$3,240$2,459
12 years$4,636$4,101$3,621$3,191$2,808$2,068
13 years$4,236$3,707$3,235$2,817$2,449$1,750
14 years$3,893$3,369$2,907$2,501$2,146$1,487
15 years$3,596$3,078$2,624$2,230$1,890$1,268
16 years$3,336$2,824$2,379$1,997$1,670$1,085
17 years$3,107$2,601$2,165$1,794$1,481$931
18 years$2,904$2,403$1,977$1,617$1,317$801
19 years$2,722$2,227$1,809$1,461$1,174$690
20 years$2,559$2,070$1,661$1,323$1,048$596
21 years$2,412$1,928$1,527$1,201$938$515
22 years$2,278$1,799$1,408$1,092$841$445
23 years$2,156$1,683$1,300$995$755$386
24 years$2,044$1,577$1,202$907$678$334
25 years$1,941$1,480$1,113$828$611$290
26 years$1,847$1,391$1,033$757$550$252
27 years$1,759$1,309$959$693$496$219
28 years$1,678$1,233$891$635$447$190
29 years$1,603$1,164$830$583$404$165
30 years$1,533$1,099$773$535$365$144
31 years$1,467$1,039$720$491$330$125
32 years$1,406$983$672$451$299$109
33 years$1,349$931$628$415$270$95
34 years$1,295$882$586$382$245$82
35 years$1,244$837$548$351$222$72
36 years$1,196$794$513$324$201$63
37 years$1,151$754$480$298$182$54
38 years$1,108$717$449$275$165$47
39 years$1,068$682$421$253$150$41
40 years$1,029$649$395$234$136$36
41 years$993$617$370$216$123$31
42 years$959$588$347$199$112$27
43 years$926$560$326$184$101$24
44 years$895$534$306$170$92$21
45 years$865$509$287$157$84$18
46 years$837$486$270$145$76$16
47 years$809$464$253$134$69$14
48 years$784$443$238$124$63$12
49 years$759$423$224$114$57$10
50 years$735$404$210$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $753,000, adding $2,416 every year, while hoping to spend $58,450 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: 27/50/23 Blend
63$753,000$753,000$753,000$753,000
64$832,298$792,389$780,718$848,682
65$855,002$769,026$744,681$838,481
66$878,063$742,559$705,479$822,259
67$901,455$712,774$662,942$803,607
68$925,149$679,446$616,896$782,355
69$949,110$642,334$567,158$758,325
70$973,297$601,186$513,536$731,326
71$997,664$555,735$455,829$701,156
72$1,022,156$505,696$393,830$667,602
73$1,046,713$450,772$327,320$630,436
74$1,071,263$390,646$256,071$589,419
75$1,095,729$324,984$179,846$544,294
76$1,120,018$253,433$98,396$494,791
77$1,144,029$175,620$11,461$440,622
78$1,167,647$91,153$0$381,484
79$1,190,742$0$0$337,006
80$1,213,169$0$0$291,403
81$1,234,764$0$0$295,637
82$1,255,345$0$0$299,500
83$1,274,705$0$0$302,929
84$1,292,616$0$0$305,853
85$1,308,823$0$0$308,195
86$1,323,041$0$0$309,866
87$1,334,951$0$0$310,771
88$1,344,200$0$0$310,800
89$1,350,395$0$0$309,835
90$1,353,098$0$0$307,743
91$1,351,823$0$0$304,375
92$1,346,030$0$0$299,569
93$1,335,121$0$0$293,144
94$1,318,430$0$0$284,899
95$1,295,222$0$0$274,610
96$1,264,679$0$0$262,033
97$1,225,897$0$0$246,895
98$1,177,874$0$0$228,894
99$1,119,501$0$0$207,696
100$1,049,551$0$0$182,933