Can I retire at age 64 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$63,338$62,774$62,224$61,686$61,162$60,473
2 years$31,356$30,772$30,206$29,657$29,125$28,431
3 years$20,696$20,110$19,545$19,001$18,478$17,801
4 years$15,367$14,783$14,224$13,689$13,179$12,524
5 years$12,171$11,590$11,038$10,515$10,018$9,388
6 years$10,041$9,464$8,921$8,409$7,927$7,321
7 years$8,520$7,948$7,413$6,913$6,447$5,866
8 years$7,380$6,813$6,287$5,799$5,348$4,793
9 years$6,493$5,932$5,415$4,940$4,504$3,973
10 years$5,784$5,229$4,721$4,258$3,838$3,331
11 years$5,205$4,655$4,156$3,706$3,300$2,818
12 years$4,722$4,178$3,688$3,251$2,860$2,401
13 years$4,314$3,775$3,295$2,870$2,494$2,058
14 years$3,965$3,432$2,961$2,547$2,186$1,773
15 years$3,663$3,135$2,673$2,272$1,925$1,533
16 years$3,398$2,876$2,424$2,034$1,701$1,330
17 years$3,165$2,649$2,206$1,828$1,508$1,158
18 years$2,958$2,448$2,013$1,647$1,341$1,010
19 years$2,773$2,269$1,843$1,488$1,196$883
20 years$2,607$2,108$1,692$1,348$1,068$774
21 years$2,457$1,964$1,556$1,223$956$679
22 years$2,320$1,833$1,434$1,112$857$596
23 years$2,196$1,714$1,324$1,013$769$525
24 years$2,082$1,606$1,224$924$691$462
25 years$1,977$1,507$1,134$844$622$407
26 years$1,881$1,417$1,052$772$560$359
27 years$1,792$1,333$977$706$505$317
28 years$1,709$1,256$908$647$456$280
29 years$1,633$1,185$845$593$412$247
30 years$1,561$1,119$787$545$372$219
31 years$1,495$1,058$734$500$336$193
32 years$1,432$1,001$685$460$304$171
33 years$1,374$948$639$423$275$151
34 years$1,319$899$597$389$249$134
35 years$1,267$852$558$358$226$119
36 years$1,218$809$522$330$204$105
37 years$1,172$768$489$304$185$93
38 years$1,129$730$458$280$168$83
39 years$1,088$694$429$258$152$73
40 years$1,049$661$402$238$138$65
41 years$1,012$629$377$220$125$58
42 years$977$599$354$203$114$51
43 years$943$571$332$187$103$45
44 years$911$544$311$173$94$40
45 years$881$519$292$160$85$36
46 years$852$495$275$147$77$32
47 years$825$472$258$136$70$28
48 years$798$451$243$126$64$25
49 years$773$430$228$116$58$22
50 years$749$411$214$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $767,000, adding $3,464 every year, while hoping to spend $28,716 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: 43/28/29 Blend
63$767,000$767,000$767,000$767,000
64$848,807$808,156$796,268$878,000
65$904,832$817,202$792,389$908,339
66$965,609$825,729$787,418$938,218
67$1,031,592$833,681$781,288$970,050
68$1,103,281$840,999$773,928$1,004,033
69$1,181,227$847,618$765,265$1,040,388
70$1,266,034$853,473$755,223$1,079,357
71$1,358,366$858,491$743,721$1,121,212
72$1,458,958$862,595$730,673$1,166,252
73$1,568,614$865,704$715,993$1,214,807
74$1,688,222$867,733$699,588$1,267,246
75$1,818,757$868,588$681,361$1,323,976
76$1,961,294$868,173$661,211$1,385,446
77$2,117,017$866,384$639,032$1,452,155
78$2,287,227$863,111$614,713$1,524,654
79$2,473,357$858,237$588,140$1,603,555
80$2,676,988$851,639$559,191$1,689,533
81$2,899,856$843,185$527,739$1,783,334
82$3,143,876$832,735$493,653$1,885,787
83$3,411,155$820,143$456,794$1,997,804
84$3,704,015$805,252$417,019$2,120,397
85$4,025,012$787,897$374,176$2,254,683
86$4,376,961$767,901$328,108$2,401,897
87$4,762,962$745,080$278,652$2,563,406
88$5,186,432$719,236$225,634$2,740,718
89$5,651,131$690,162$168,876$2,935,502
90$6,161,204$657,637$108,190$3,149,600
91$6,721,214$621,429$43,382$3,385,048
92$7,336,189$581,291$0$3,644,095
93$8,011,669$536,963$0$3,937,203
94$8,753,754$488,169$0$4,273,983
95$9,569,166$434,618$0$4,644,095
96$10,465,310$376,003$0$5,050,958
97$11,450,343$311,998$0$5,498,341
98$12,533,252$242,261$0$5,990,402
99$13,723,941$166,428$0$6,531,726
100$15,033,317$84,117$0$7,127,368