Can I retire at age 64 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$63,256$62,692$62,142$61,606$61,082$60,269
2 years$31,315$30,731$30,166$29,618$29,087$28,269
3 years$20,669$20,083$19,520$18,977$18,454$17,656
4 years$15,347$14,763$14,205$13,672$13,161$12,391
5 years$12,155$11,575$11,024$10,501$10,005$9,263
6 years$10,028$9,452$8,909$8,398$7,917$7,205
7 years$8,509$7,937$7,403$6,904$6,438$5,757
8 years$7,370$6,804$6,279$5,792$5,341$4,690
9 years$6,485$5,924$5,408$4,933$4,498$3,876
10 years$5,777$5,222$4,715$4,253$3,833$3,240
11 years$5,198$4,649$4,151$3,701$3,296$2,733
12 years$4,716$4,172$3,684$3,246$2,856$2,321
13 years$4,309$3,771$3,291$2,866$2,491$1,983
14 years$3,960$3,427$2,957$2,544$2,183$1,702
15 years$3,658$3,131$2,670$2,269$1,922$1,467
16 years$3,394$2,873$2,421$2,032$1,699$1,269
17 years$3,161$2,646$2,203$1,825$1,507$1,100
18 years$2,954$2,445$2,011$1,645$1,340$957
19 years$2,769$2,266$1,841$1,486$1,194$833
20 years$2,603$2,105$1,689$1,346$1,066$727
21 years$2,453$1,961$1,554$1,222$954$636
22 years$2,317$1,831$1,432$1,111$855$556
23 years$2,193$1,712$1,322$1,012$768$488
24 years$2,079$1,604$1,223$923$690$428
25 years$1,975$1,505$1,133$843$621$375
26 years$1,879$1,415$1,050$771$559$330
27 years$1,790$1,331$975$705$504$290
28 years$1,707$1,255$907$646$455$255
29 years$1,631$1,184$844$593$411$224
30 years$1,559$1,118$786$544$371$198
31 years$1,493$1,057$733$499$336$174
32 years$1,430$1,000$684$459$304$153
33 years$1,372$947$638$422$275$135
34 years$1,317$897$596$388$249$119
35 years$1,265$851$558$358$225$105
36 years$1,217$808$522$329$204$93
37 years$1,171$767$488$303$185$82
38 years$1,127$729$457$280$168$72
39 years$1,086$693$428$258$152$64
40 years$1,047$660$402$238$138$56
41 years$1,010$628$377$219$125$50
42 years$975$598$353$202$114$44
43 years$942$570$331$187$103$39
44 years$910$543$311$173$94$34
45 years$880$518$292$159$85$30
46 years$851$494$274$147$77$27
47 years$823$472$258$136$70$24
48 years$797$450$242$126$64$21
49 years$772$430$228$116$58$18
50 years$748$411$214$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $766,000, adding $6,531 every year, while hoping to spend $55,037 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: 36/37/27 Blend
63$766,000$766,000$766,000$766,000
64$850,869$810,271$798,398$874,405
65$879,098$791,415$766,585$873,581
66$908,363$769,791$731,862$867,227
67$938,710$745,204$694,073$859,300
68$970,189$717,450$653,056$849,696
69$1,002,855$686,312$608,640$838,305
70$1,036,765$651,560$560,648$825,010
71$1,071,979$612,951$508,894$809,691
72$1,108,563$570,228$453,184$792,219
73$1,146,587$523,119$393,316$772,461
74$1,186,126$471,339$329,079$750,275
75$1,227,259$414,583$260,251$725,514
76$1,270,072$352,530$186,602$698,024
77$1,314,657$284,842$107,892$667,642
78$1,361,114$211,161$23,868$634,199
79$1,409,549$131,109$0$597,518
80$1,460,077$44,287$0$576,369
81$1,512,821$0$0$560,172
82$1,567,915$0$0$562,170
83$1,625,504$0$0$583,131
84$1,685,743$0$0$605,085
85$1,748,802$0$0$628,095
86$1,814,862$0$0$652,233
87$1,884,123$0$0$677,576
88$1,956,798$0$0$704,206
89$2,033,123$0$0$732,214
90$2,113,349$0$0$761,699
91$2,197,753$0$0$792,768
92$2,286,635$0$0$825,537
93$2,380,321$0$0$860,133
94$2,479,167$0$0$896,695
95$2,583,561$0$0$935,375
96$2,693,927$0$0$976,337
97$2,810,725$0$0$1,019,763
98$2,934,460$0$0$1,065,849
99$3,065,683$0$0$1,114,811
100$3,204,996$0$0$1,166,885