Can I retire at age 64 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$62,595$62,037$61,493$60,962$60,444$58,887
2 years$30,988$30,410$29,851$29,309$28,783$27,225
3 years$20,453$19,874$19,316$18,778$18,261$16,750
4 years$15,187$14,609$14,057$13,529$13,024$11,572
5 years$12,028$11,454$10,909$10,391$9,901$8,512
6 years$9,923$9,353$8,816$8,310$7,834$6,510
7 years$8,420$7,855$7,326$6,832$6,371$5,112
8 years$7,293$6,733$6,213$5,731$5,285$4,090
9 years$6,417$5,862$5,351$4,882$4,451$3,319
10 years$5,717$5,167$4,665$4,208$3,793$2,722
11 years$5,144$4,600$4,107$3,662$3,262$2,251
12 years$4,667$4,129$3,645$3,212$2,827$1,874
13 years$4,264$3,731$3,257$2,836$2,465$1,568
14 years$3,919$3,392$2,926$2,518$2,161$1,318
15 years$3,620$3,098$2,642$2,245$1,902$1,112
16 years$3,358$2,843$2,395$2,010$1,681$941
17 years$3,128$2,618$2,180$1,806$1,491$798
18 years$2,923$2,419$1,990$1,628$1,326$678
19 years$2,741$2,242$1,821$1,471$1,181$578
20 years$2,576$2,083$1,672$1,332$1,055$492
21 years$2,428$1,941$1,538$1,209$944$420
22 years$2,293$1,811$1,417$1,099$847$359
23 years$2,170$1,694$1,308$1,001$760$307
24 years$2,058$1,587$1,210$913$683$263
25 years$1,954$1,490$1,121$834$615$225
26 years$1,859$1,400$1,040$762$554$193
27 years$1,771$1,318$965$698$499$166
28 years$1,689$1,242$897$639$450$142
29 years$1,614$1,171$835$586$407$122
30 years$1,543$1,106$778$538$367$105
31 years$1,477$1,046$725$494$332$90
32 years$1,415$989$677$454$301$77
33 years$1,357$937$632$418$272$66
34 years$1,303$888$590$384$246$57
35 years$1,252$842$552$354$223$49
36 years$1,204$799$516$326$202$42
37 years$1,158$759$483$300$183$36
38 years$1,115$722$452$277$166$31
39 years$1,075$686$424$255$151$27
40 years$1,036$653$397$235$137$23
41 years$1,000$621$373$217$124$20
42 years$965$592$349$200$112$17
43 years$932$564$328$185$102$15
44 years$901$538$308$171$93$13
45 years$871$513$289$158$84$11
46 years$842$489$271$146$76$9
47 years$815$467$255$135$69$8
48 years$789$445$240$124$63$7
49 years$764$425$225$115$57$6
50 years$740$406$212$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $758,000, adding $4,480 every year, while hoping to spend $44,769 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: 46/45/9 Blend
63$758,000$758,000$758,000$758,000
64$839,937$799,763$788,014$876,274
65$877,977$791,318$766,779$893,356
66$918,396$780,958$743,331$906,882
67$961,390$768,543$717,551$920,530
68$1,007,174$753,923$689,310$934,325
69$1,055,980$736,940$658,477$948,300
70$1,108,066$717,426$624,912$962,492
71$1,163,713$695,203$588,470$976,947
72$1,223,228$670,085$549,001$991,718
73$1,286,949$641,871$506,344$1,006,868
74$1,355,248$610,352$460,336$1,022,470
75$1,428,528$575,305$410,803$1,038,609
76$1,507,238$536,495$357,565$1,055,383
77$1,591,865$493,672$300,432$1,072,906
78$1,682,948$446,574$239,209$1,091,307
79$1,781,075$394,923$173,689$1,110,735
80$1,886,895$338,424$103,658$1,131,360
81$2,001,119$276,768$28,891$1,153,375
82$2,124,530$209,626$0$1,177,001
83$2,257,986$136,652$0$1,207,374
84$2,402,432$57,480$0$1,243,169
85$2,558,908$0$0$1,281,951
86$2,728,553$0$0$1,338,109
87$2,912,625$0$0$1,430,000
88$3,112,503$0$0$1,529,858
89$3,329,707$0$0$1,638,453
90$3,565,907$0$0$1,756,630
91$3,822,942$0$0$1,885,320
92$4,102,833$0$0$2,025,545
93$4,407,807$0$0$2,178,433
94$4,740,312$0$0$2,345,224
95$5,103,044$0$0$2,527,281
96$5,498,971$0$0$2,726,109
97$5,931,358$0$0$2,943,359
98$6,403,800$0$0$3,180,853
99$6,920,256$0$0$3,440,596
100$7,485,083$0$0$3,724,795