Can I retire at age 64 with 761,000?

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 $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%12.2%
1 years$62,843$62,283$61,737$61,204$60,683$60,125
2 years$31,110$30,531$29,969$29,425$28,897$28,334
3 years$20,534$19,952$19,392$18,853$18,333$17,784
4 years$15,247$14,667$14,112$13,582$13,075$12,543
5 years$12,076$11,499$10,952$10,433$9,940$9,427
6 years$9,962$9,390$8,851$8,343$7,865$7,372
7 years$8,453$7,886$7,355$6,859$6,396$5,923
8 years$7,322$6,759$6,238$5,754$5,306$4,853
9 years$6,442$5,885$5,372$4,901$4,469$4,035
10 years$5,739$5,188$4,684$4,225$3,808$3,393
11 years$5,164$4,618$4,124$3,677$3,275$2,879
12 years$4,686$4,145$3,660$3,225$2,838$2,461
13 years$4,281$3,746$3,270$2,847$2,475$2,116
14 years$3,934$3,405$2,938$2,528$2,169$1,829
15 years$3,634$3,110$2,652$2,254$1,910$1,587
16 years$3,372$2,854$2,405$2,018$1,688$1,382
17 years$3,140$2,628$2,188$1,813$1,497$1,207
18 years$2,935$2,429$1,998$1,634$1,331$1,057
19 years$2,751$2,251$1,829$1,477$1,186$927
20 years$2,586$2,092$1,678$1,337$1,060$815
21 years$2,437$1,948$1,544$1,214$948$718
22 years$2,302$1,819$1,423$1,104$850$633
23 years$2,179$1,701$1,314$1,005$763$559
24 years$2,066$1,594$1,215$917$686$494
25 years$1,962$1,496$1,125$837$617$437
26 years$1,866$1,406$1,044$765$556$387
27 years$1,778$1,323$969$701$501$343
28 years$1,696$1,246$901$642$452$304
29 years$1,620$1,176$838$589$408$270
30 years$1,549$1,111$781$540$369$240
31 years$1,483$1,050$728$496$334$213
32 years$1,421$993$679$456$302$189
33 years$1,363$941$634$419$273$168
34 years$1,308$892$593$386$247$149
35 years$1,257$846$554$355$224$133
36 years$1,209$803$518$327$203$118
37 years$1,163$762$485$301$184$105
38 years$1,120$724$454$278$167$94
39 years$1,079$689$426$256$151$83
40 years$1,040$655$399$236$137$74
41 years$1,004$624$374$218$124$66
42 years$969$594$351$201$113$59
43 years$936$566$329$186$102$52
44 years$904$540$309$171$93$47
45 years$874$515$290$158$84$42
46 years$845$491$273$146$77$37
47 years$818$468$256$135$70$33
48 years$792$447$241$125$63$29
49 years$767$427$226$115$57$26
50 years$743$408$213$107$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $761,000, adding $6,585 every year, while hoping to spend $31,719 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: 31/50/19 Blend
63$761,000$761,000$761,000$761,000
64$845,414$805,081$793,286$866,425
65$897,898$810,782$786,112$888,469
66$954,672$815,698$777,635$908,844
67$1,016,140$819,759$767,777$930,106
68$1,082,746$822,888$756,458$952,349
69$1,154,980$825,003$743,594$975,681
70$1,233,378$826,018$729,094$1,000,224
71$1,318,532$825,842$712,868$1,026,113
72$1,411,090$824,376$694,817$1,053,500
73$1,511,769$821,518$674,841$1,082,555
74$1,621,355$817,158$652,833$1,113,468
75$1,740,712$811,178$628,682$1,146,452
76$1,870,795$803,456$602,273$1,181,745
77$2,012,651$793,860$573,484$1,219,613
78$2,167,433$782,251$542,188$1,260,352
79$2,336,413$768,482$508,253$1,304,293
80$2,520,987$752,398$471,539$1,351,804
81$2,722,695$733,833$431,903$1,403,297
82$2,943,231$712,612$389,193$1,459,228
83$3,184,461$688,550$343,251$1,520,108
84$3,448,438$661,451$293,912$1,586,502
85$3,737,425$631,108$241,004$1,659,041
86$4,053,911$597,302$184,347$1,738,426
87$4,400,640$559,800$123,753$1,825,434
88$4,780,632$518,357$59,025$1,920,932
89$5,197,214$472,713$0$2,025,878
90$5,654,049$422,596$0$2,143,377
91$6,155,173$367,714$0$2,285,476
92$6,705,031$307,762$0$2,441,555
93$7,308,518$242,416$0$2,613,116
94$7,971,027$171,335$0$2,801,821
95$8,698,500$94,158$0$3,009,511
96$9,497,478$10,504$0$3,238,220
97$10,375,173$0$0$3,490,201
98$11,339,523$0$0$3,811,975
99$12,399,280$0$0$4,172,061
100$13,564,080$0$0$4,567,971