Can I retire at age 64 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$63,090$62,528$61,980$61,445$60,922$59,377
2 years$31,233$30,651$30,087$29,541$29,011$27,464
3 years$20,615$20,031$19,469$18,927$18,406$16,906
4 years$15,307$14,725$14,168$13,636$13,127$11,686
5 years$12,123$11,544$10,995$10,474$9,979$8,600
6 years$10,001$9,427$8,886$8,376$7,896$6,581
7 years$8,486$7,917$7,384$6,886$6,422$5,170
8 years$7,351$6,786$6,262$5,777$5,327$4,139
9 years$6,468$5,908$5,394$4,920$4,486$3,361
10 years$5,762$5,208$4,702$4,242$3,823$2,758
11 years$5,185$4,636$4,140$3,691$3,288$2,282
12 years$4,704$4,161$3,674$3,238$2,849$1,901
13 years$4,298$3,761$3,282$2,859$2,484$1,592
14 years$3,950$3,418$2,949$2,537$2,178$1,339
15 years$3,648$3,123$2,663$2,263$1,917$1,131
16 years$3,385$2,865$2,414$2,026$1,695$957
17 years$3,153$2,639$2,197$1,821$1,503$813
18 years$2,946$2,438$2,005$1,641$1,336$691
19 years$2,762$2,260$1,836$1,483$1,191$589
20 years$2,597$2,100$1,685$1,343$1,064$502
21 years$2,447$1,956$1,550$1,219$952$429
22 years$2,311$1,826$1,428$1,108$853$367
23 years$2,187$1,708$1,319$1,009$766$314
24 years$2,074$1,600$1,220$920$688$269
25 years$1,970$1,501$1,130$840$619$231
26 years$1,874$1,411$1,048$769$558$198
27 years$1,785$1,328$973$703$503$170
28 years$1,703$1,251$904$644$454$146
29 years$1,626$1,181$842$591$410$125
30 years$1,555$1,115$784$542$370$108
31 years$1,489$1,054$731$498$335$92
32 years$1,427$997$682$458$303$79
33 years$1,368$944$637$421$274$68
34 years$1,313$895$595$387$248$59
35 years$1,262$849$556$357$225$50
36 years$1,213$806$520$328$204$43
37 years$1,168$765$487$303$185$37
38 years$1,124$727$456$279$167$32
39 years$1,083$692$427$257$152$28
40 years$1,045$658$400$237$138$24
41 years$1,008$626$376$219$125$20
42 years$973$597$352$202$113$18
43 years$939$568$331$186$103$15
44 years$908$542$310$172$93$13
45 years$878$517$291$159$85$11
46 years$849$493$274$147$77$10
47 years$821$470$257$136$70$8
48 years$795$449$242$125$63$7
49 years$770$429$227$116$58$6
50 years$746$410$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $764,000, adding $4,156 every year, while hoping to spend $51,658 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: 49/30/21 Blend
63$764,000$764,000$764,000$764,000
64$846,215$805,723$793,881$882,493
65$877,565$790,240$765,512$892,641
66$910,382$772,266$734,462$898,090
67$944,760$751,626$700,585$902,934
68$980,802$728,133$663,732$907,136
69$1,018,621$701,588$623,744$910,661
70$1,058,337$671,783$580,456$913,473
71$1,100,082$638,495$533,696$915,535
72$1,144,000$601,491$483,284$916,813
73$1,190,246$560,522$429,032$917,272
74$1,238,990$515,327$370,744$916,879
75$1,290,418$465,628$308,215$915,601
76$1,344,730$411,134$241,230$913,411
77$1,402,147$351,534$169,565$910,280
78$1,462,908$286,501$92,988$906,184
79$1,527,276$215,691$11,254$901,104
80$1,595,537$138,739$0$895,025
81$1,668,003$55,259$0$904,959
82$1,745,017$0$0$917,678
83$1,826,954$0$0$942,331
84$1,914,222$0$0$988,062
85$2,007,270$0$0$1,036,871
86$2,106,590$0$0$1,089,020
87$2,212,720$0$0$1,144,801
88$2,326,249$0$0$1,204,529
89$2,447,826$0$0$1,268,552
90$2,578,158$0$0$1,337,252
91$2,718,025$0$0$1,411,048
92$2,868,281$0$0$1,490,399
93$3,029,862$0$0$1,575,810
94$3,203,799$0$0$1,667,835
95$3,391,222$0$0$1,767,082
96$3,593,372$0$0$1,874,219
97$3,811,613$0$0$1,989,982
98$4,047,444$0$0$2,115,177
99$4,302,511$0$0$2,250,692
100$4,578,625$0$0$2,397,502