Can I retire at age 64 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,760$62,201$61,656$61,123$60,603$59,283
2 years$31,069$30,491$29,930$29,386$28,859$27,535
3 years$20,507$19,926$19,367$18,828$18,309$17,024
4 years$15,227$14,648$14,094$13,565$13,058$11,821
5 years$12,060$11,484$10,937$10,419$9,927$8,741
6 years$9,949$9,378$8,839$8,332$7,855$6,721
7 years$8,442$7,875$7,345$6,850$6,388$5,307
8 years$7,312$6,751$6,229$5,746$5,299$4,271
9 years$6,434$5,878$5,365$4,895$4,463$3,487
10 years$5,732$5,181$4,678$4,219$3,803$2,877
11 years$5,157$4,612$4,118$3,672$3,270$2,395
12 years$4,679$4,140$3,655$3,221$2,834$2,007
13 years$4,275$3,741$3,265$2,844$2,471$1,691
14 years$3,929$3,400$2,934$2,524$2,166$1,431
15 years$3,629$3,106$2,649$2,251$1,907$1,216
16 years$3,367$2,850$2,402$2,016$1,686$1,036
17 years$3,136$2,625$2,185$1,811$1,495$885
18 years$2,931$2,425$1,995$1,632$1,329$758
19 years$2,748$2,248$1,826$1,475$1,185$650
20 years$2,583$2,089$1,676$1,336$1,058$558
21 years$2,434$1,946$1,542$1,212$947$480
22 years$2,299$1,816$1,421$1,102$849$414
23 years$2,176$1,699$1,312$1,004$762$357
24 years$2,063$1,592$1,213$916$685$308
25 years$1,959$1,494$1,124$836$616$266
26 years$1,864$1,404$1,042$764$555$230
27 years$1,776$1,321$968$700$500$198
28 years$1,694$1,245$900$641$452$172
29 years$1,618$1,174$837$588$408$148
30 years$1,547$1,109$780$540$368$128
31 years$1,481$1,048$727$496$333$111
32 years$1,419$992$678$455$301$96
33 years$1,361$939$633$419$273$83
34 years$1,307$890$592$385$247$72
35 years$1,255$845$553$355$224$63
36 years$1,207$802$518$327$203$54
37 years$1,161$761$484$301$184$47
38 years$1,118$724$454$277$166$41
39 years$1,078$688$425$256$151$35
40 years$1,039$655$398$236$137$31
41 years$1,002$623$374$218$124$27
42 years$968$593$350$201$113$23
43 years$934$565$329$185$102$20
44 years$903$539$309$171$93$17
45 years$873$514$290$158$84$15
46 years$844$490$272$146$77$13
47 years$817$468$256$135$70$11
48 years$791$447$240$125$63$10
49 years$766$427$226$115$57$8
50 years$742$407$212$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $760,000, adding $3,756 every year, while hoping to spend $46,514 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: 73/18/9 Blend
63$760,000$760,000$760,000$760,000
64$841,394$801,114$789,334$901,220
65$877,726$790,878$766,286$930,976
66$916,205$778,582$740,908$957,383
67$957,000$764,075$713,070$985,011
68$1,000,298$747,198$682,642$1,013,969
69$1,046,301$727,784$649,483$1,044,374
70$1,095,231$705,653$613,449$1,076,358
71$1,147,332$680,618$574,387$1,110,068
72$1,202,870$652,478$532,139$1,145,665
73$1,262,135$621,022$486,538$1,183,328
74$1,325,448$586,027$437,412$1,223,255
75$1,393,158$547,256$384,579$1,265,668
76$1,465,648$504,459$327,850$1,310,809
77$1,543,339$457,373$267,029$1,358,950
78$1,626,693$405,718$201,908$1,410,389
79$1,716,216$349,198$132,272$1,465,459
80$1,812,464$287,503$57,897$1,524,527
81$1,916,047$220,302$0$1,588,000
82$2,027,634$147,247$0$1,658,390
83$2,147,962$67,972$0$1,740,203
84$2,277,840$0$0$1,828,449
85$2,418,154$0$0$1,927,314
86$2,569,882$0$0$2,048,806
87$2,734,096$0$0$2,180,324
88$2,911,975$0$0$2,322,818
89$3,104,817$0$0$2,477,329
90$3,314,046$0$0$2,645,005
91$3,541,233$0$0$2,827,105
92$3,788,100$0$0$3,025,017
93$4,056,546$0$0$3,240,267
94$4,348,659$0$0$3,474,534
95$4,666,735$0$0$3,729,664
96$5,013,302$0$0$4,007,691
97$5,391,142$0$0$4,310,850
98$5,803,315$0$0$4,641,605
99$6,253,192$0$0$5,002,664
100$6,744,481$0$0$5,397,012