Can I retire at age 64 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$63,008$62,447$61,899$61,365$60,843$59,884
2 years$31,192$30,611$30,048$29,502$28,973$28,009
3 years$20,588$20,005$19,443$18,902$18,381$17,443
4 years$15,287$14,706$14,150$13,618$13,110$12,204
5 years$12,107$11,529$10,981$10,460$9,966$9,095
6 years$9,988$9,415$8,874$8,365$7,886$7,051
7 years$8,475$7,906$7,374$6,877$6,413$5,615
8 years$7,341$6,777$6,254$5,769$5,320$4,559
9 years$6,459$5,901$5,387$4,914$4,480$3,755
10 years$5,754$5,201$4,696$4,236$3,818$3,127
11 years$5,178$4,630$4,134$3,687$3,283$2,627
12 years$4,698$4,156$3,669$3,234$2,845$2,223
13 years$4,292$3,756$3,278$2,855$2,481$1,892
14 years$3,944$3,414$2,945$2,534$2,175$1,617
15 years$3,643$3,119$2,659$2,260$1,915$1,388
16 years$3,380$2,861$2,411$2,024$1,692$1,196
17 years$3,148$2,635$2,194$1,818$1,501$1,033
18 years$2,943$2,435$2,003$1,639$1,334$894
19 years$2,759$2,257$1,834$1,481$1,189$775
20 years$2,593$2,097$1,683$1,341$1,062$674
21 years$2,444$1,953$1,548$1,217$951$586
22 years$2,308$1,823$1,426$1,107$852$511
23 years$2,184$1,705$1,317$1,008$765$445
24 years$2,071$1,598$1,218$919$688$389
25 years$1,967$1,499$1,128$839$619$340
26 years$1,871$1,409$1,046$767$557$297
27 years$1,783$1,326$972$703$502$260
28 years$1,701$1,250$903$644$453$228
29 years$1,624$1,179$841$590$409$199
30 years$1,553$1,113$783$542$370$175
31 years$1,487$1,053$730$497$334$153
32 years$1,425$996$681$457$302$134
33 years$1,366$943$636$420$274$118
34 years$1,312$894$594$387$248$103
35 years$1,260$848$555$356$224$91
36 years$1,212$805$520$328$203$79
37 years$1,166$764$486$302$184$70
38 years$1,123$726$455$279$167$61
39 years$1,082$691$427$257$152$54
40 years$1,043$657$400$237$137$47
41 years$1,006$626$375$219$125$41
42 years$971$596$352$202$113$36
43 years$938$568$330$186$103$32
44 years$907$541$310$172$93$28
45 years$876$516$291$159$85$25
46 years$848$492$273$147$77$22
47 years$820$470$257$135$70$19
48 years$794$448$241$125$63$17
49 years$769$428$227$116$58$15
50 years$745$409$213$107$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $763,000, adding $2,596 every year, while hoping to spend $38,342 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: 63/11/26 Blend
63$763,000$763,000$763,000$763,000
64$843,504$803,065$791,238$890,680
65$888,746$801,619$776,949$921,490
66$937,317$798,818$760,896$950,675
67$989,517$794,554$742,980$981,713
68$1,045,674$788,714$723,096$1,014,791
69$1,106,149$781,177$701,136$1,050,117
70$1,171,338$771,816$676,986$1,087,919
71$1,241,675$760,495$650,526$1,128,452
72$1,317,639$747,073$621,631$1,171,999
73$1,399,754$731,395$590,172$1,218,871
74$1,488,598$713,303$556,012$1,269,414
75$1,584,806$692,625$519,009$1,324,011
76$1,689,074$669,182$479,014$1,383,086
77$1,802,170$642,783$435,871$1,447,106
78$1,924,938$613,225$389,419$1,516,592
79$2,058,304$580,296$339,487$1,592,117
80$2,203,291$543,770$285,899$1,674,316
81$2,361,019$503,407$228,470$1,763,892
82$2,532,725$458,956$167,006$1,861,621
83$2,719,768$410,150$101,305$1,968,362
84$2,923,644$356,707$31,158$2,085,064
85$3,145,998$298,328$0$2,212,778
86$3,388,643$234,699$0$2,364,787
87$3,653,573$165,488$0$2,540,261
88$3,942,983$90,342$0$2,732,033
89$4,259,291$8,893$0$2,941,735
90$4,605,157$0$0$3,171,169
91$4,983,510$0$0$3,431,916
92$5,397,578$0$0$3,718,507
93$5,850,912$0$0$4,032,330
94$6,347,424$0$0$4,376,102
95$6,891,420$0$0$4,752,812
96$7,487,647$0$0$5,165,751
97$8,141,327$0$0$5,618,548
98$8,858,215$0$0$6,115,195
99$9,644,651$0$0$6,660,092
100$10,507,613$0$0$7,258,085