Can I retire at age 64 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$63,173$62,610$62,061$61,525$61,002$59,479
2 years$31,274$30,691$30,127$29,580$29,049$27,524
3 years$20,642$20,057$19,494$18,952$18,430$16,951
4 years$15,327$14,744$14,187$13,654$13,144$11,723
5 years$12,139$11,560$11,009$10,487$9,992$8,632
6 years$10,015$9,439$8,897$8,387$7,906$6,609
7 years$8,498$7,927$7,394$6,895$6,430$5,195
8 years$7,360$6,795$6,270$5,784$5,334$4,162
9 years$6,476$5,916$5,401$4,927$4,492$3,381
10 years$5,769$5,215$4,708$4,247$3,828$2,776
11 years$5,191$4,642$4,145$3,696$3,292$2,299
12 years$4,710$4,167$3,679$3,242$2,853$1,916
13 years$4,303$3,766$3,287$2,862$2,488$1,606
14 years$3,955$3,423$2,953$2,541$2,181$1,352
15 years$3,653$3,127$2,666$2,266$1,920$1,142
16 years$3,389$2,869$2,417$2,029$1,697$968
17 years$3,157$2,642$2,200$1,823$1,505$822
18 years$2,950$2,441$2,008$1,643$1,338$700
19 years$2,766$2,263$1,838$1,484$1,192$597
20 years$2,600$2,103$1,687$1,344$1,065$509
21 years$2,450$1,958$1,552$1,220$953$436
22 years$2,314$1,828$1,430$1,109$854$373
23 years$2,190$1,710$1,321$1,010$767$319
24 years$2,077$1,602$1,221$922$689$274
25 years$1,972$1,503$1,131$842$620$235
26 years$1,876$1,413$1,049$770$559$202
27 years$1,787$1,330$974$704$504$173
28 years$1,705$1,253$906$645$455$149
29 years$1,628$1,182$843$592$410$128
30 years$1,557$1,116$785$543$371$110
31 years$1,491$1,055$732$499$335$95
32 years$1,428$999$683$458$303$81
33 years$1,370$946$638$422$274$70
34 years$1,315$896$596$388$249$60
35 years$1,264$850$557$357$225$52
36 years$1,215$807$521$329$204$45
37 years$1,169$766$488$303$185$38
38 years$1,126$728$457$279$168$33
39 years$1,085$693$428$257$152$28
40 years$1,046$659$401$237$138$24
41 years$1,009$627$376$219$125$21
42 years$974$597$353$202$113$18
43 years$941$569$331$187$103$16
44 years$909$542$311$172$93$13
45 years$879$517$292$159$85$12
46 years$850$493$274$147$77$10
47 years$822$471$257$136$70$9
48 years$796$450$242$126$64$7
49 years$771$429$227$116$58$6
50 years$747$410$214$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $765,000, adding $6,746 every year, while hoping to spend $58,938 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: 41/43/16 Blend
63$765,000$765,000$765,000$765,000
64$849,988$809,443$797,586$880,571
65$873,978$786,397$761,596$879,818
66$898,439$760,245$722,424$872,731
67$923,357$730,775$679,903$863,804
68$948,715$697,758$633,855$852,898
69$974,492$660,956$584,097$839,864
70$1,000,661$620,115$530,436$824,545
71$1,027,194$574,965$472,670$806,772
72$1,054,053$525,224$410,590$786,368
73$1,081,197$470,591$343,976$763,141
74$1,108,579$410,750$272,599$736,890
75$1,136,142$345,364$196,219$707,398
76$1,163,823$274,082$114,587$674,437
77$1,191,549$196,528$27,442$637,761
78$1,219,237$112,308$0$597,111
79$1,246,793$21,005$0$563,400
80$1,274,111$0$0$530,869
81$1,301,069$0$0$531,386
82$1,327,533$0$0$541,564
83$1,353,349$0$0$551,394
84$1,378,346$0$0$560,795
85$1,402,332$0$0$569,681
86$1,425,091$0$0$577,950
87$1,446,383$0$0$585,494
88$1,465,939$0$0$592,187
89$1,483,458$0$0$597,893
90$1,498,606$0$0$602,457
91$1,511,010$0$0$605,710
92$1,520,255$0$0$607,462
93$1,525,879$0$0$607,501
94$1,527,369$0$0$605,594
95$1,524,156$0$0$601,481
96$1,515,606$0$0$594,872
97$1,501,017$0$0$585,449
98$1,479,612$0$0$572,856
99$1,450,526$0$0$556,701
100$1,412,803$0$0$536,549