Can I retire at age 64 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$62,347$61,792$61,250$60,721$60,205$59,256
2 years$30,865$30,290$29,733$29,193$28,669$27,716
3 years$20,372$19,795$19,239$18,704$18,189$17,261
4 years$15,127$14,551$14,001$13,475$12,972$12,076
5 years$11,981$11,408$10,866$10,350$9,861$9,000
6 years$9,884$9,316$8,781$8,277$7,803$6,977
7 years$8,386$7,823$7,297$6,805$6,346$5,556
8 years$7,264$6,706$6,188$5,709$5,265$4,511
9 years$6,392$5,839$5,330$4,863$4,434$3,715
10 years$5,694$5,147$4,647$4,192$3,778$3,094
11 years$5,124$4,582$4,091$3,648$3,249$2,600
12 years$4,649$4,112$3,631$3,200$2,815$2,200
13 years$4,247$3,716$3,244$2,825$2,455$1,872
14 years$3,903$3,378$2,915$2,508$2,152$1,600
15 years$3,605$3,086$2,631$2,236$1,895$1,374
16 years$3,345$2,831$2,386$2,002$1,675$1,183
17 years$3,115$2,608$2,171$1,799$1,485$1,022
18 years$2,912$2,409$1,982$1,621$1,320$884
19 years$2,730$2,233$1,814$1,465$1,177$767
20 years$2,566$2,075$1,665$1,327$1,051$666
21 years$2,418$1,933$1,532$1,204$941$580
22 years$2,284$1,804$1,412$1,095$843$505
23 years$2,161$1,687$1,303$997$757$441
24 years$2,049$1,581$1,205$909$680$385
25 years$1,947$1,484$1,116$831$612$336
26 years$1,852$1,394$1,035$759$551$294
27 years$1,764$1,312$961$695$497$257
28 years$1,683$1,237$894$637$449$225
29 years$1,607$1,167$832$584$405$197
30 years$1,537$1,102$775$536$366$173
31 years$1,471$1,042$722$492$331$151
32 years$1,410$985$674$452$299$133
33 years$1,352$933$629$416$271$116
34 years$1,298$885$588$383$245$102
35 years$1,247$839$550$352$222$90
36 years$1,199$796$514$325$201$79
37 years$1,154$756$481$299$182$69
38 years$1,111$719$451$276$165$61
39 years$1,071$683$422$254$150$53
40 years$1,032$650$396$234$136$47
41 years$996$619$371$216$123$41
42 years$961$590$348$200$112$36
43 years$928$562$327$184$102$32
44 years$897$535$307$170$92$28
45 years$867$511$288$157$84$24
46 years$839$487$270$145$76$21
47 years$812$465$254$134$69$19
48 years$786$444$239$124$63$17
49 years$761$424$224$114$57$15
50 years$737$405$211$106$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $755,000, adding $2,194 every year, while hoping to spend $52,029 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: 61/25/14 Blend
63$755,000$755,000$755,000$755,000
64$834,273$794,258$782,556$882,158
65$864,011$777,818$753,413$898,181
66$895,037$758,829$721,550$909,586
67$927,430$737,111$686,821$920,783
68$961,272$712,473$649,073$931,756
69$996,651$684,714$608,147$942,489
70$1,033,665$653,621$563,875$952,967
71$1,072,419$618,967$516,085$963,176
72$1,113,024$580,516$464,592$973,104
73$1,155,605$538,013$409,209$982,740
74$1,200,295$491,194$349,735$992,074
75$1,247,237$439,774$285,963$1,001,100
76$1,296,589$383,458$217,677$1,009,815
77$1,348,523$321,929$144,651$1,018,218
78$1,403,224$254,855$66,649$1,026,313
79$1,460,895$181,885$0$1,034,109
80$1,521,756$102,647$0$1,044,098
81$1,586,049$16,750$0$1,064,608
82$1,654,035$0$0$1,085,740
83$1,726,001$0$0$1,128,541
84$1,802,260$0$0$1,178,805
85$1,883,154$0$0$1,232,154
86$1,969,057$0$0$1,288,836
87$2,060,378$0$0$1,349,128
88$2,157,563$0$0$1,413,327
89$2,261,102$0$0$1,481,761
90$2,371,532$0$0$1,554,791
91$2,489,439$0$0$1,632,809
92$2,615,467$0$0$1,716,248
93$2,750,321$0$0$1,805,579
94$2,894,774$0$0$1,901,321
95$3,049,676$0$0$2,004,044
96$3,215,955$0$0$2,114,371
97$3,394,635$0$0$2,232,988
98$3,586,835$0$0$2,360,647
99$3,793,787$0$0$2,498,174
100$4,016,843$0$0$2,646,475