Can I retire at age 64 with 756,000?

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 $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%12.1%
1 years$62,430$61,874$61,331$60,802$60,285$59,754
2 years$30,906$30,330$29,772$29,232$28,707$28,173
3 years$20,399$19,821$19,265$18,729$18,213$17,691
4 years$15,147$14,571$14,020$13,493$12,990$12,484
5 years$11,996$11,424$10,880$10,364$9,874$9,387
6 years$9,897$9,328$8,793$8,288$7,813$7,345
7 years$8,398$7,834$7,307$6,814$6,354$5,905
8 years$7,274$6,715$6,197$5,716$5,272$4,841
9 years$6,400$5,847$5,337$4,869$4,439$4,027
10 years$5,701$5,154$4,653$4,197$3,783$3,389
11 years$5,130$4,588$4,096$3,653$3,253$2,877
12 years$4,655$4,118$3,636$3,204$2,819$2,461
13 years$4,253$3,721$3,248$2,829$2,458$2,118
14 years$3,908$3,383$2,918$2,511$2,155$1,831
15 years$3,610$3,090$2,635$2,239$1,897$1,590
16 years$3,349$2,835$2,389$2,005$1,677$1,385
17 years$3,120$2,611$2,174$1,802$1,487$1,211
18 years$2,916$2,413$1,984$1,624$1,322$1,061
19 years$2,733$2,236$1,817$1,467$1,178$932
20 years$2,569$2,078$1,667$1,329$1,053$820
21 years$2,421$1,935$1,534$1,206$942$722
22 years$2,287$1,807$1,413$1,096$844$638
23 years$2,164$1,690$1,305$998$758$563
24 years$2,052$1,583$1,207$911$681$498
25 years$1,949$1,486$1,118$832$613$441
26 years$1,854$1,396$1,037$760$552$391
27 years$1,766$1,314$963$696$498$347
28 years$1,685$1,238$895$638$449$308
29 years$1,609$1,168$833$585$406$273
30 years$1,539$1,103$776$537$366$243
31 years$1,473$1,043$723$493$331$216
32 years$1,412$987$675$453$300$192
33 years$1,354$935$630$417$271$171
34 years$1,300$886$589$383$246$152
35 years$1,249$840$550$353$222$135
36 years$1,201$797$515$325$202$120
37 years$1,155$757$482$299$183$107
38 years$1,113$720$451$276$166$95
39 years$1,072$684$423$254$150$85
40 years$1,034$651$396$235$136$76
41 years$997$620$372$217$124$68
42 years$962$590$349$200$112$60
43 years$930$562$327$184$102$54
44 years$898$536$307$170$92$48
45 years$868$511$288$157$84$43
46 years$840$488$271$145$76$38
47 years$813$465$254$134$69$34
48 years$787$444$239$124$63$30
49 years$762$424$225$115$57$27
50 years$738$405$211$106$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $756,000, adding $4,483 every year, while hoping to spend $30,724 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: 44/27/29 Blend
63$756,000$756,000$756,000$756,000
64$837,736$797,668$785,950$867,373
65$890,495$804,064$779,589$895,390
66$947,606$809,743$771,986$922,481
67$1,009,480$814,639$763,065$951,268
68$1,076,569$818,678$752,750$981,925
69$1,149,371$821,786$740,960$1,014,648
70$1,228,434$823,880$727,608$1,049,655
71$1,314,358$824,874$712,607$1,087,185
72$1,407,806$824,676$695,863$1,127,505
73$1,509,506$823,190$677,279$1,170,914
74$1,620,261$820,310$656,752$1,217,738
75$1,740,950$815,929$634,177$1,268,343
76$1,872,546$809,928$609,441$1,323,133
77$2,016,117$802,186$582,428$1,382,557
78$2,172,837$792,569$553,016$1,447,110
79$2,344,002$780,941$521,077$1,517,343
80$2,531,036$767,153$486,479$1,593,865
81$2,735,508$751,049$449,082$1,677,352
82$2,959,145$732,466$408,742$1,768,549
83$3,203,848$711,227$365,305$1,868,285
84$3,471,711$687,148$318,613$1,977,474
85$3,765,040$660,032$268,501$2,097,130
86$4,086,374$629,673$214,795$2,228,373
87$4,438,509$595,852$157,316$2,372,444
88$4,824,524$558,336$95,873$2,530,712
89$5,247,811$516,880$30,271$2,704,694
90$5,712,106$471,226$0$2,896,068
91$6,221,523$421,098$0$3,118,981
92$6,780,594$366,208$0$3,373,982
93$7,394,312$306,249$0$3,654,028
94$8,068,174$240,898$0$3,961,692
95$8,808,240$169,814$0$4,299,815
96$9,621,181$92,635$0$4,671,529
97$10,514,349$8,982$0$5,080,291
98$11,495,842$0$0$5,529,912
99$12,574,582$0$0$6,048,826
100$13,760,397$0$0$6,622,282