Can I retire at age 64 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$62,843$62,283$61,737$61,204$60,683$59,702
2 years$31,110$30,531$29,969$29,425$28,897$27,911
3 years$20,534$19,952$19,392$18,853$18,333$17,374
4 years$15,247$14,667$14,112$13,582$13,075$12,150
5 years$12,076$11,499$10,952$10,433$9,940$9,050
6 years$9,962$9,390$8,851$8,343$7,865$7,012
7 years$8,453$7,886$7,355$6,859$6,396$5,581
8 years$7,322$6,759$6,238$5,754$5,306$4,528
9 years$6,442$5,885$5,372$4,901$4,469$3,727
10 years$5,739$5,188$4,684$4,225$3,808$3,102
11 years$5,164$4,618$4,124$3,677$3,275$2,605
12 years$4,686$4,145$3,660$3,225$2,838$2,203
13 years$4,281$3,746$3,270$2,847$2,475$1,873
14 years$3,934$3,405$2,938$2,528$2,169$1,601
15 years$3,634$3,110$2,652$2,254$1,910$1,373
16 years$3,372$2,854$2,405$2,018$1,688$1,182
17 years$3,140$2,628$2,188$1,813$1,497$1,020
18 years$2,935$2,429$1,998$1,634$1,331$882
19 years$2,751$2,251$1,829$1,477$1,186$764
20 years$2,586$2,092$1,678$1,337$1,060$664
21 years$2,437$1,948$1,544$1,214$948$577
22 years$2,302$1,819$1,423$1,104$850$502
23 years$2,179$1,701$1,314$1,005$763$438
24 years$2,066$1,594$1,215$917$686$382
25 years$1,962$1,496$1,125$837$617$333
26 years$1,866$1,406$1,044$765$556$291
27 years$1,778$1,323$969$701$501$255
28 years$1,696$1,246$901$642$452$223
29 years$1,620$1,176$838$589$408$195
30 years$1,549$1,111$781$540$369$171
31 years$1,483$1,050$728$496$334$149
32 years$1,421$993$679$456$302$131
33 years$1,363$941$634$419$273$115
34 years$1,308$892$593$386$247$101
35 years$1,257$846$554$355$224$88
36 years$1,209$803$518$327$203$77
37 years$1,163$762$485$301$184$68
38 years$1,120$724$454$278$167$59
39 years$1,079$689$426$256$151$52
40 years$1,040$655$399$236$137$46
41 years$1,004$624$374$218$124$40
42 years$969$594$351$201$113$35
43 years$936$566$329$186$102$31
44 years$904$540$309$171$93$27
45 years$874$515$290$158$84$24
46 years$845$491$273$146$77$21
47 years$818$468$256$135$70$18
48 years$792$447$241$125$63$16
49 years$767$427$226$115$57$14
50 years$743$408$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $761,000, adding $5,727 every year, while hoping to spend $34,590 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: 69/7/24 Blend
63$761,000$761,000$761,000$761,000
64$844,529$804,196$792,401$897,279
65$893,868$806,799$782,143$935,938
66$947,080$808,369$770,382$973,692
67$1,004,523$808,820$757,031$1,014,190
68$1,066,592$808,060$741,999$1,057,703
69$1,133,720$805,991$725,192$1,104,529
70$1,206,383$802,507$706,509$1,154,998
71$1,285,103$797,500$685,846$1,209,473
72$1,370,457$790,850$663,095$1,268,357
73$1,463,076$782,434$638,141$1,332,093
74$1,563,656$772,120$610,866$1,401,171
75$1,672,963$759,768$581,144$1,476,132
76$1,791,839$745,230$548,845$1,557,573
77$1,921,209$728,349$513,834$1,646,154
78$2,062,093$708,959$475,968$1,742,601
79$2,215,612$686,883$435,099$1,847,717
80$2,383,000$661,937$391,071$1,962,390
81$2,565,616$633,921$343,722$2,087,597
82$2,764,955$602,629$292,882$2,224,418
83$2,982,662$567,840$238,375$2,374,044
84$3,220,549$529,320$180,016$2,537,791
85$3,480,611$486,822$117,613$2,717,108
86$3,765,043$440,086$50,963$2,913,598
87$4,076,264$388,837$0$3,129,025
88$4,416,936$332,783$0$3,370,504
89$4,789,990$271,616$0$3,649,282
90$5,198,656$205,012$0$3,954,727
91$5,646,488$132,627$0$4,289,516
92$6,137,403$54,098$0$4,656,600
93$6,675,712$0$0$5,059,229
94$7,266,166$0$0$5,503,369
95$7,913,997$0$0$5,995,284
96$8,624,967$0$0$6,535,187
97$9,405,424$0$0$7,127,904
98$10,262,360$0$0$7,778,752
99$11,203,477$0$0$8,493,586
100$12,237,260$0$0$9,278,856