Can I retire at age 64 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$62,430$61,874$61,331$60,802$60,285$59,930
2 years$30,906$30,330$29,772$29,232$28,707$28,349
3 years$20,399$19,821$19,265$18,729$18,213$17,863
4 years$15,147$14,571$14,020$13,493$12,990$12,650
5 years$11,996$11,424$10,880$10,364$9,874$9,547
6 years$9,897$9,328$8,793$8,288$7,813$7,498
7 years$8,398$7,834$7,307$6,814$6,354$6,051
8 years$7,274$6,715$6,197$5,716$5,272$4,980
9 years$6,400$5,847$5,337$4,869$4,439$4,160
10 years$5,701$5,154$4,653$4,197$3,783$3,515
11 years$5,130$4,588$4,096$3,653$3,253$2,998
12 years$4,655$4,118$3,636$3,204$2,819$2,575
13 years$4,253$3,721$3,248$2,829$2,458$2,226
14 years$3,908$3,383$2,918$2,511$2,155$1,934
15 years$3,610$3,090$2,635$2,239$1,897$1,687
16 years$3,349$2,835$2,389$2,005$1,677$1,477
17 years$3,120$2,611$2,174$1,802$1,487$1,297
18 years$2,916$2,413$1,984$1,624$1,322$1,142
19 years$2,733$2,236$1,817$1,467$1,178$1,008
20 years$2,569$2,078$1,667$1,329$1,053$891
21 years$2,421$1,935$1,534$1,206$942$790
22 years$2,287$1,807$1,413$1,096$844$701
23 years$2,164$1,690$1,305$998$758$622
24 years$2,052$1,583$1,207$911$681$554
25 years$1,949$1,486$1,118$832$613$493
26 years$1,854$1,396$1,037$760$552$439
27 years$1,766$1,314$963$696$498$392
28 years$1,685$1,238$895$638$449$349
29 years$1,609$1,168$833$585$406$312
30 years$1,539$1,103$776$537$366$279
31 years$1,473$1,043$723$493$331$249
32 years$1,412$987$675$453$300$223
33 years$1,354$935$630$417$271$199
34 years$1,300$886$589$383$246$179
35 years$1,249$840$550$353$222$160
36 years$1,201$797$515$325$202$143
37 years$1,155$757$482$299$183$128
38 years$1,113$720$451$276$166$115
39 years$1,072$684$423$254$150$103
40 years$1,034$651$396$235$136$92
41 years$997$620$372$217$124$83
42 years$962$590$349$200$112$74
43 years$930$562$327$184$102$66
44 years$898$536$307$170$92$60
45 years$868$511$288$157$84$53
46 years$840$488$271$145$76$48
47 years$813$465$254$134$69$43
48 years$787$444$239$124$63$39
49 years$762$424$225$115$57$35
50 years$738$405$211$106$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $756,000, adding $6,174 every year, while hoping to spend $29,568 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: 52/29/19 Blend
63$756,000$756,000$756,000$756,000
64$839,480$799,412$787,694$878,452
65$893,647$807,124$782,622$913,626
66$952,348$814,222$776,389$948,272
67$1,016,014$820,645$768,925$985,319
68$1,085,120$826,329$760,156$1,025,005
69$1,160,187$831,204$750,006$1,067,591
70$1,241,789$835,195$738,394$1,113,369
71$1,330,557$838,226$725,235$1,162,659
72$1,427,186$840,210$710,443$1,215,818
73$1,532,439$841,061$693,923$1,273,238
74$1,647,158$840,684$675,580$1,335,354
75$1,772,269$838,978$655,312$1,402,645
76$1,908,790$835,837$633,014$1,475,642
77$2,057,841$831,148$608,576$1,554,932
78$2,220,659$824,792$581,880$1,641,163
79$2,398,600$816,641$552,807$1,735,051
80$2,593,162$806,561$521,231$1,837,389
81$2,805,991$794,409$487,019$1,949,049
82$3,038,901$780,033$450,033$2,071,000
83$3,293,888$763,275$410,128$2,204,308
84$3,573,153$743,963$367,156$2,350,152
85$3,879,116$721,919$320,957$2,509,834
86$4,214,444$696,952$271,368$2,684,794
87$4,582,076$668,860$218,216$2,876,619
88$4,985,245$637,432$161,324$3,087,062
89$5,427,515$602,441$100,503$3,318,062
90$5,912,810$563,649$35,559$3,571,756
91$6,445,454$520,805$0$3,850,504
92$7,030,208$473,642$0$4,163,755
93$7,672,317$421,879$0$4,515,681
94$8,377,559$365,217$0$4,902,287
95$9,152,301$303,343$0$5,327,123
96$10,003,553$235,925$0$5,794,107
97$10,939,042$162,611$0$6,307,558
98$11,967,276$83,031$0$6,872,240
99$13,097,633$0$0$7,493,407
100$14,340,441$0$0$8,177,875