Can I retire at age 64 with 758,000?

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 $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%19.9%
1 years$62,595$62,037$61,493$60,962$60,444$58,046
2 years$30,988$30,410$29,851$29,309$28,783$26,396
3 years$20,453$19,874$19,316$18,778$18,261$15,962
4 years$15,187$14,609$14,057$13,529$13,024$10,829
5 years$12,028$11,454$10,909$10,391$9,901$7,816
6 years$9,923$9,353$8,816$8,310$7,834$5,860
7 years$8,420$7,855$7,326$6,832$6,371$4,508
8 years$7,293$6,733$6,213$5,731$5,285$3,531
9 years$6,417$5,862$5,351$4,882$4,451$2,803
10 years$5,717$5,167$4,665$4,208$3,793$2,247
11 years$5,144$4,600$4,107$3,662$3,262$1,816
12 years$4,667$4,129$3,645$3,212$2,827$1,476
13 years$4,264$3,731$3,257$2,836$2,465$1,205
14 years$3,919$3,392$2,926$2,518$2,161$988
15 years$3,620$3,098$2,642$2,245$1,902$813
16 years$3,358$2,843$2,395$2,010$1,681$670
17 years$3,128$2,618$2,180$1,806$1,491$553
18 years$2,923$2,419$1,990$1,628$1,326$458
19 years$2,741$2,242$1,821$1,471$1,181$379
20 years$2,576$2,083$1,672$1,332$1,055$315
21 years$2,428$1,941$1,538$1,209$944$261
22 years$2,293$1,811$1,417$1,099$847$217
23 years$2,170$1,694$1,308$1,001$760$181
24 years$2,058$1,587$1,210$913$683$150
25 years$1,954$1,490$1,121$834$615$125
26 years$1,859$1,400$1,040$762$554$104
27 years$1,771$1,318$965$698$499$87
28 years$1,689$1,242$897$639$450$72
29 years$1,614$1,171$835$586$407$60
30 years$1,543$1,106$778$538$367$50
31 years$1,477$1,046$725$494$332$42
32 years$1,415$989$677$454$301$35
33 years$1,357$937$632$418$272$29
34 years$1,303$888$590$384$246$24
35 years$1,252$842$552$354$223$20
36 years$1,204$799$516$326$202$17
37 years$1,158$759$483$300$183$14
38 years$1,115$722$452$277$166$12
39 years$1,075$686$424$255$151$10
40 years$1,036$653$397$235$137$8
41 years$1,000$621$373$217$124$7
42 years$965$592$349$200$112$6
43 years$932$564$328$185$102$5
44 years$901$538$308$171$93$4
45 years$871$513$289$158$84$3
46 years$842$489$271$146$76$3
47 years$815$467$255$135$69$2
48 years$789$445$240$124$63$2
49 years$764$425$225$115$57$2
50 years$740$406$212$106$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $758,000, adding $4,479 every year, while hoping to spend $22,545 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: 48/43/9 Blend
63$758,000$758,000$758,000$758,000
64$839,936$799,762$788,013$878,001
65$901,622$814,963$790,424$919,801
66$968,844$830,153$792,160$962,427
67$1,042,143$845,307$793,174$1,008,186
68$1,122,115$860,401$793,419$1,057,378
69$1,209,415$875,404$792,843$1,110,331
70$1,304,764$890,288$791,391$1,167,407
71$1,408,956$905,018$789,009$1,229,008
72$1,522,866$919,560$785,637$1,295,574
73$1,647,455$933,876$781,213$1,367,591
74$1,783,785$947,925$775,673$1,445,597
75$1,933,021$961,663$768,948$1,530,181
76$2,096,448$975,044$760,967$1,621,996
77$2,275,483$988,018$751,656$1,721,762
78$2,471,682$1,000,531$740,937$1,830,271
79$2,686,764$1,012,527$728,728$1,948,399
80$2,922,617$1,023,944$714,944$2,077,108
81$3,181,324$1,034,717$699,494$2,217,464
82$3,465,178$1,044,777$682,286$2,370,639
83$3,776,704$1,054,050$663,222$2,537,927
84$4,118,686$1,062,456$642,198$2,720,755
85$4,494,188$1,069,913$619,107$2,920,696
86$4,906,587$1,076,330$593,838$3,139,485
87$5,359,600$1,081,611$566,274$3,379,035
88$5,857,326$1,085,657$536,291$3,641,458
89$6,404,278$1,088,359$503,761$3,929,079
90$7,005,429$1,089,603$468,551$4,244,466
91$7,666,256$1,089,267$430,521$4,590,448
92$8,392,795$1,087,222$389,525$4,970,146
93$9,191,696$1,083,331$345,409$5,387,002
94$10,070,284$1,077,449$298,015$5,844,809
95$11,036,630$1,069,422$247,176$6,347,754
96$12,099,628$1,059,085$192,718$6,900,449
97$13,269,075$1,046,265$134,459$7,507,982
98$14,555,767$1,030,779$72,210$8,175,964
99$15,971,599$1,012,431$5,773$8,910,581
100$17,529,677$991,015$0$9,718,652