Can I retire at age 64 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,512$61,956$61,412$60,882$60,364$59,267
2 years$30,947$30,370$29,812$29,270$28,745$27,643
3 years$20,426$19,847$19,290$18,754$18,237$17,165
4 years$15,167$14,590$14,038$13,511$13,007$11,973
5 years$12,012$11,439$10,894$10,378$9,888$8,895
6 years$9,910$9,341$8,804$8,299$7,824$6,874
7 years$8,409$7,844$7,316$6,823$6,363$5,455
8 years$7,283$6,724$6,205$5,724$5,278$4,414
9 years$6,408$5,854$5,344$4,875$4,445$3,622
10 years$5,709$5,160$4,659$4,203$3,788$3,006
11 years$5,137$4,594$4,102$3,658$3,257$2,516
12 years$4,661$4,123$3,640$3,208$2,823$2,120
13 years$4,258$3,726$3,252$2,832$2,462$1,797
14 years$3,913$3,387$2,922$2,514$2,158$1,531
15 years$3,615$3,094$2,638$2,242$1,900$1,308
16 years$3,354$2,839$2,392$2,008$1,679$1,122
17 years$3,124$2,614$2,177$1,804$1,489$965
18 years$2,919$2,416$1,987$1,626$1,324$832
19 years$2,737$2,239$1,819$1,469$1,180$718
20 years$2,573$2,081$1,669$1,330$1,054$621
21 years$2,425$1,938$1,536$1,207$943$538
22 years$2,290$1,809$1,415$1,098$845$467
23 years$2,167$1,692$1,307$1,000$759$405
24 years$2,055$1,585$1,209$912$682$352
25 years$1,952$1,488$1,119$833$614$306
26 years$1,857$1,398$1,038$761$553$266
27 years$1,769$1,316$964$697$498$232
28 years$1,687$1,240$896$639$450$202
29 years$1,611$1,170$834$586$406$176
30 years$1,541$1,105$777$537$367$154
31 years$1,475$1,044$724$494$332$134
32 years$1,413$988$676$454$300$117
33 years$1,356$936$631$417$272$102
34 years$1,301$887$589$384$246$89
35 years$1,250$841$551$353$223$78
36 years$1,202$798$516$325$202$68
37 years$1,157$758$483$300$183$59
38 years$1,114$721$452$276$166$52
39 years$1,073$685$423$255$150$45
40 years$1,035$652$397$235$136$39
41 years$998$621$372$217$124$34
42 years$964$591$349$200$112$30
43 years$931$563$328$185$102$26
44 years$899$537$307$171$92$23
45 years$870$512$289$158$84$20
46 years$841$488$271$146$76$18
47 years$814$466$255$134$69$15
48 years$788$445$239$124$63$13
49 years$763$425$225$115$57$12
50 years$739$406$212$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $757,000, adding $4,671 every year, while hoping to spend $59,116 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: 49/39/12 Blend
63$757,000$757,000$757,000$757,000
64$839,032$798,911$787,178$877,177
65$861,714$775,159$750,649$880,128
66$884,729$748,261$710,916$876,768
67$908,047$718,002$667,807$871,784
68$931,636$684,152$621,147$865,040
69$955,456$646,469$570,748$856,394
70$979,463$604,696$516,419$845,694
71$1,003,605$558,563$457,956$832,775
72$1,027,823$507,783$395,147$817,463
73$1,052,049$452,053$327,773$799,569
74$1,076,208$391,052$255,603$778,893
75$1,100,211$324,444$178,395$755,220
76$1,123,960$251,870$95,900$728,320
77$1,147,346$172,953$7,854$697,946
78$1,170,242$87,294$0$663,834
79$1,192,508$0$0$636,726
80$1,213,986$0$0$609,454
81$1,234,501$0$0$619,080
82$1,253,854$0$0$628,033
83$1,271,823$0$0$636,192
84$1,288,163$0$0$643,423
85$1,302,599$0$0$649,574
86$1,314,822$0$0$654,480
87$1,324,492$0$0$657,953
88$1,331,228$0$0$659,788
89$1,334,608$0$0$659,753
90$1,334,162$0$0$657,593
91$1,329,369$0$0$653,026
92$1,319,649$0$0$645,736
93$1,304,360$0$0$635,374
94$1,282,789$0$0$621,555
95$1,254,149$0$0$603,849
96$1,217,563$0$0$581,782
97$1,172,063$0$0$554,829
98$1,116,577$0$0$522,409
99$1,049,918$0$0$483,878
100$970,773$0$0$438,525