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%11.7%
1 years$63,173$62,610$62,061$61,525$61,002$60,567
2 years$31,274$30,691$30,127$29,580$29,049$28,610
3 years$20,642$20,057$19,494$18,952$18,430$18,001
4 years$15,327$14,744$14,187$13,654$13,144$12,729
5 years$12,139$11,560$11,009$10,487$9,992$9,591
6 years$10,015$9,439$8,897$8,387$7,906$7,520
7 years$8,498$7,927$7,394$6,895$6,430$6,059
8 years$7,360$6,795$6,270$5,784$5,334$4,978
9 years$6,476$5,916$5,401$4,927$4,492$4,151
10 years$5,769$5,215$4,708$4,247$3,828$3,502
11 years$5,191$4,642$4,145$3,696$3,292$2,981
12 years$4,710$4,167$3,679$3,242$2,853$2,556
13 years$4,303$3,766$3,287$2,862$2,488$2,205
14 years$3,955$3,423$2,953$2,541$2,181$1,912
15 years$3,653$3,127$2,666$2,266$1,920$1,664
16 years$3,389$2,869$2,417$2,029$1,697$1,454
17 years$3,157$2,642$2,200$1,823$1,505$1,275
18 years$2,950$2,441$2,008$1,643$1,338$1,120
19 years$2,766$2,263$1,838$1,484$1,192$986
20 years$2,600$2,103$1,687$1,344$1,065$870
21 years$2,450$1,958$1,552$1,220$953$769
22 years$2,314$1,828$1,430$1,109$854$681
23 years$2,190$1,710$1,321$1,010$767$604
24 years$2,077$1,602$1,221$922$689$536
25 years$1,972$1,503$1,131$842$620$476
26 years$1,876$1,413$1,049$770$559$423
27 years$1,787$1,330$974$704$504$376
28 years$1,705$1,253$906$645$455$335
29 years$1,628$1,182$843$592$410$298
30 years$1,557$1,116$785$543$371$266
31 years$1,491$1,055$732$499$335$237
32 years$1,428$999$683$458$303$212
33 years$1,370$946$638$422$274$189
34 years$1,315$896$596$388$249$169
35 years$1,264$850$557$357$225$151
36 years$1,215$807$521$329$204$134
37 years$1,169$766$488$303$185$120
38 years$1,126$728$457$279$168$107
39 years$1,085$693$428$257$152$96
40 years$1,046$659$401$237$138$86
41 years$1,009$627$376$219$125$77
42 years$974$597$353$202$113$69
43 years$941$569$331$187$103$61
44 years$909$542$311$172$93$55
45 years$879$517$292$159$85$49
46 years$850$493$274$147$77$44
47 years$822$471$257$136$70$39
48 years$796$450$242$126$64$35
49 years$771$429$227$116$58$31
50 years$747$410$214$107$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $765,000, adding $2,221 every year, while hoping to spend $33,608 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: 56/25/19 Blend
63$765,000$765,000$765,000$765,000
64$845,321$804,776$792,918$888,245
65$895,785$808,451$783,723$921,427
66$950,270$811,180$773,092$953,764
67$1,009,151$812,881$760,944$988,249
68$1,072,839$813,467$747,190$1,025,096
69$1,141,787$812,845$731,739$1,064,542
70$1,216,492$810,918$714,496$1,106,849
71$1,297,502$807,581$695,359$1,152,309
72$1,385,418$802,723$674,225$1,201,243
73$1,480,903$796,228$650,983$1,254,007
74$1,584,683$787,971$625,519$1,310,995
75$1,697,559$777,821$597,713$1,372,644
76$1,820,413$765,637$567,439$1,439,436
77$1,954,214$751,272$534,567$1,511,905
78$2,100,028$734,569$498,959$1,590,641
79$2,259,029$715,361$460,473$1,676,297
80$2,432,510$693,473$418,958$1,769,595
81$2,621,892$668,720$374,259$1,871,333
82$2,828,741$640,903$326,213$1,982,395
83$3,054,780$609,815$274,649$2,103,754
84$3,301,907$575,235$219,389$2,236,490
85$3,572,210$536,930$160,247$2,381,795
86$3,867,989$494,653$97,029$2,540,984
87$4,191,778$448,145$29,533$2,715,513
88$4,546,364$397,129$0$2,906,990
89$4,934,820$341,315$0$3,125,806
90$5,360,527$280,395$0$3,372,256
91$5,827,210$214,044$0$3,642,560
92$6,338,972$141,918$0$3,939,159
93$6,900,332$63,657$0$4,264,747
94$7,516,266$0$0$4,622,295
95$8,192,256$0$0$5,020,890
96$8,934,341$0$0$5,477,752
97$9,749,173$0$0$5,979,473
98$10,644,079$0$0$6,530,573
99$11,627,130$0$0$7,136,034
100$12,707,220$0$0$7,801,341