Can I retire at age 64 with 760,000?

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 $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%19.9%
1 years$62,760$62,201$61,656$61,123$60,603$58,199
2 years$31,069$30,491$29,930$29,386$28,859$26,466
3 years$20,507$19,926$19,367$18,828$18,309$16,004
4 years$15,227$14,648$14,094$13,565$13,058$10,857
5 years$12,060$11,484$10,937$10,419$9,927$7,836
6 years$9,949$9,378$8,839$8,332$7,855$5,876
7 years$8,442$7,875$7,345$6,850$6,388$4,520
8 years$7,312$6,751$6,229$5,746$5,299$3,540
9 years$6,434$5,878$5,365$4,895$4,463$2,810
10 years$5,732$5,181$4,678$4,219$3,803$2,253
11 years$5,157$4,612$4,118$3,672$3,270$1,820
12 years$4,679$4,140$3,655$3,221$2,834$1,480
13 years$4,275$3,741$3,265$2,844$2,471$1,208
14 years$3,929$3,400$2,934$2,524$2,166$991
15 years$3,629$3,106$2,649$2,251$1,907$815
16 years$3,367$2,850$2,402$2,016$1,686$672
17 years$3,136$2,625$2,185$1,811$1,495$555
18 years$2,931$2,425$1,995$1,632$1,329$459
19 years$2,748$2,248$1,826$1,475$1,185$380
20 years$2,583$2,089$1,676$1,336$1,058$316
21 years$2,434$1,946$1,542$1,212$947$262
22 years$2,299$1,816$1,421$1,102$849$218
23 years$2,176$1,699$1,312$1,004$762$181
24 years$2,063$1,592$1,213$916$685$151
25 years$1,959$1,494$1,124$836$616$125
26 years$1,864$1,404$1,042$764$555$104
27 years$1,776$1,321$968$700$500$87
28 years$1,694$1,245$900$641$452$72
29 years$1,618$1,174$837$588$408$60
30 years$1,547$1,109$780$540$368$50
31 years$1,481$1,048$727$496$333$42
32 years$1,419$992$678$455$301$35
33 years$1,361$939$633$419$273$29
34 years$1,307$890$592$385$247$24
35 years$1,255$845$553$355$224$20
36 years$1,207$802$518$327$203$17
37 years$1,161$761$484$301$184$14
38 years$1,118$724$454$277$166$12
39 years$1,078$688$425$256$151$10
40 years$1,039$655$398$236$137$8
41 years$1,002$623$374$218$124$7
42 years$968$593$350$201$113$6
43 years$934$565$329$185$102$5
44 years$903$539$309$171$93$4
45 years$873$514$290$158$84$3
46 years$844$490$272$146$77$3
47 years$817$468$256$135$70$2
48 years$791$447$240$125$63$2
49 years$766$427$226$115$57$2
50 years$742$407$212$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $760,000, adding $6,703 every year, while hoping to spend $25,403 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: 58/26/16 Blend
63$760,000$760,000$760,000$760,000
64$844,434$804,154$792,374$889,546
65$903,538$816,529$791,890$933,241
66$967,819$828,659$790,538$977,477
67$1,037,778$840,505$788,263$1,025,115
68$1,113,967$852,026$785,006$1,076,485
69$1,196,993$863,177$780,705$1,131,954
70$1,287,524$873,910$775,296$1,191,926
71$1,386,295$884,175$768,712$1,256,844
72$1,494,115$893,917$760,882$1,327,200
73$1,611,875$903,079$751,732$1,403,534
74$1,740,555$911,599$741,183$1,486,445
75$1,881,235$919,411$729,156$1,576,591
76$2,035,103$926,444$715,566$1,674,698
77$2,203,469$932,625$700,322$1,781,568
78$2,387,772$937,873$683,332$1,898,085
79$2,589,600$942,104$664,499$2,025,224
80$2,810,701$945,228$643,721$2,164,060
81$3,052,997$947,150$620,891$2,315,780
82$3,318,610$947,767$595,897$2,481,692
83$3,609,873$946,972$568,624$2,663,240
84$3,929,356$944,650$538,950$2,862,016
85$4,279,892$940,679$506,746$3,079,775
86$4,664,599$934,931$471,881$3,318,454
87$5,086,914$927,268$434,214$3,580,188
88$5,550,620$917,546$393,602$3,867,333
89$6,059,887$905,609$349,891$4,182,487
90$6,619,307$891,295$302,923$4,528,514
91$7,233,939$874,431$252,534$4,908,573
92$7,909,357$854,834$198,550$5,326,148
93$8,651,700$832,309$140,790$5,785,082
94$9,467,733$806,652$79,066$6,289,610
95$10,364,908$777,645$13,182$6,844,404
96$11,351,437$745,058$0$7,454,616
97$12,436,365$708,647$0$8,135,679
98$13,629,659$668,155$0$8,887,139
99$14,942,299$623,310$0$9,713,686
100$16,386,385$573,823$0$10,622,976