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%13%
1 years$63,338$62,774$62,224$61,686$61,162$60,397
2 years$31,356$30,772$30,206$29,657$29,125$28,356
3 years$20,696$20,110$19,545$19,001$18,478$17,728
4 years$15,367$14,783$14,224$13,689$13,179$12,454
5 years$12,171$11,590$11,038$10,515$10,018$9,320
6 years$10,041$9,464$8,921$8,409$7,927$7,257
7 years$8,520$7,948$7,413$6,913$6,447$5,805
8 years$7,380$6,813$6,287$5,799$5,348$4,734
9 years$6,493$5,932$5,415$4,940$4,504$3,918
10 years$5,784$5,229$4,721$4,258$3,838$3,279
11 years$5,205$4,655$4,156$3,706$3,300$2,769
12 years$4,722$4,178$3,688$3,251$2,860$2,355
13 years$4,314$3,775$3,295$2,870$2,494$2,014
14 years$3,965$3,432$2,961$2,547$2,186$1,731
15 years$3,663$3,135$2,673$2,272$1,925$1,494
16 years$3,398$2,876$2,424$2,034$1,701$1,294
17 years$3,165$2,649$2,206$1,828$1,508$1,124
18 years$2,958$2,448$2,013$1,647$1,341$978
19 years$2,773$2,269$1,843$1,488$1,196$854
20 years$2,607$2,108$1,692$1,348$1,068$746
21 years$2,457$1,964$1,556$1,223$956$653
22 years$2,320$1,833$1,434$1,112$857$573
23 years$2,196$1,714$1,324$1,013$769$502
24 years$2,082$1,606$1,224$924$691$441
25 years$1,977$1,507$1,134$844$622$388
26 years$1,881$1,417$1,052$772$560$342
27 years$1,792$1,333$977$706$505$301
28 years$1,709$1,256$908$647$456$265
29 years$1,633$1,185$845$593$412$234
30 years$1,561$1,119$787$545$372$206
31 years$1,495$1,058$734$500$336$182
32 years$1,432$1,001$685$460$304$160
33 years$1,374$948$639$423$275$142
34 years$1,319$899$597$389$249$125
35 years$1,267$852$558$358$226$110
36 years$1,218$809$522$330$204$98
37 years$1,172$768$489$304$185$86
38 years$1,129$730$458$280$168$76
39 years$1,088$694$429$258$152$67
40 years$1,049$661$402$238$138$60
41 years$1,012$629$377$220$125$53
42 years$977$599$354$203$114$47
43 years$943$571$332$187$103$41
44 years$911$544$311$173$94$36
45 years$881$519$292$160$85$32
46 years$852$495$275$147$77$29
47 years$825$472$258$136$70$25
48 years$798$451$243$126$64$22
49 years$773$430$228$116$58$20
50 years$749$411$214$108$53$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $767,000, adding $4,088 every year, while hoping to spend $45,842 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: 51/38/11 Blend
63$767,000$767,000$767,000$767,000
64$849,451$808,800$796,911$890,096
65$887,319$799,655$774,832$909,162
66$927,514$788,527$750,477$924,661
67$970,223$775,268$723,721$940,456
68$1,015,655$759,724$694,435$956,585
69$1,064,034$741,733$662,480$973,096
70$1,115,608$721,121$627,716$990,042
71$1,170,649$697,704$589,993$1,007,487
72$1,229,453$671,290$549,156$1,025,502
73$1,292,346$641,672$505,042$1,044,170
74$1,359,685$608,634$457,481$1,063,585
75$1,431,862$571,946$406,295$1,083,857
76$1,509,306$531,365$351,300$1,105,110
77$1,592,488$486,635$292,301$1,127,482
78$1,681,925$437,483$229,097$1,151,135
79$1,778,186$383,624$161,476$1,176,250
80$1,881,893$324,754$89,218$1,203,030
81$1,993,732$260,553$12,092$1,231,708
82$2,114,454$190,682$0$1,262,543
83$2,244,888$114,784$0$1,304,072
84$2,385,940$32,483$0$1,350,434
85$2,538,611$0$0$1,400,610
86$2,703,996$0$0$1,478,726
87$2,883,304$0$0$1,578,210
88$3,077,862$0$0$1,686,224
89$3,289,129$0$0$1,803,587
90$3,518,712$0$0$1,931,200
91$3,768,375$0$0$2,070,055
92$4,040,063$0$0$2,221,242
93$4,335,914$0$0$2,385,961
94$4,658,279$0$0$2,565,533
95$5,009,750$0$0$2,761,413
96$5,393,174$0$0$2,975,199
97$5,811,690$0$0$3,208,653
98$6,268,749$0$0$3,463,714
99$6,768,152$0$0$3,742,516
100$7,314,084$0$0$4,047,409