Can I retire at age 64 with 767,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$63,338$62,774$62,224$61,686$61,162$60,827
2 years$31,356$30,772$30,206$29,657$29,125$28,787
3 years$20,696$20,110$19,545$19,001$18,478$18,148
4 years$15,367$14,783$14,224$13,689$13,179$12,858
5 years$12,171$11,590$11,038$10,515$10,018$9,709
6 years$10,041$9,464$8,921$8,409$7,927$7,629
7 years$8,520$7,948$7,413$6,913$6,447$6,160
8 years$7,380$6,813$6,287$5,799$5,348$5,073
9 years$6,493$5,932$5,415$4,940$4,504$4,240
10 years$5,784$5,229$4,721$4,258$3,838$3,585
11 years$5,205$4,655$4,156$3,706$3,300$3,059
12 years$4,722$4,178$3,688$3,251$2,860$2,630
13 years$4,314$3,775$3,295$2,870$2,494$2,275
14 years$3,965$3,432$2,961$2,547$2,186$1,977
15 years$3,663$3,135$2,673$2,272$1,925$1,726
16 years$3,398$2,876$2,424$2,034$1,701$1,512
17 years$3,165$2,649$2,206$1,828$1,508$1,329
18 years$2,958$2,448$2,013$1,647$1,341$1,171
19 years$2,773$2,269$1,843$1,488$1,196$1,034
20 years$2,607$2,108$1,692$1,348$1,068$915
21 years$2,457$1,964$1,556$1,223$956$811
22 years$2,320$1,833$1,434$1,112$857$720
23 years$2,196$1,714$1,324$1,013$769$640
24 years$2,082$1,606$1,224$924$691$570
25 years$1,977$1,507$1,134$844$622$508
26 years$1,881$1,417$1,052$772$560$453
27 years$1,792$1,333$977$706$505$404
28 years$1,709$1,256$908$647$456$361
29 years$1,633$1,185$845$593$412$323
30 years$1,561$1,119$787$545$372$289
31 years$1,495$1,058$734$500$336$258
32 years$1,432$1,001$685$460$304$231
33 years$1,374$948$639$423$275$207
34 years$1,319$899$597$389$249$185
35 years$1,267$852$558$358$226$166
36 years$1,218$809$522$330$204$149
37 years$1,172$768$489$304$185$133
38 years$1,129$730$458$280$168$120
39 years$1,088$694$429$258$152$107
40 years$1,049$661$402$238$138$96
41 years$1,012$629$377$220$125$86
42 years$977$599$354$203$114$77
43 years$943$571$332$187$103$70
44 years$911$544$311$173$94$62
45 years$881$519$292$160$85$56
46 years$852$495$275$147$77$50
47 years$825$472$258$136$70$45
48 years$798$451$243$126$64$41
49 years$773$430$228$116$58$36
50 years$749$411$214$108$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $767,000, adding $4,249 every year, while hoping to spend $44,435 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: 63/13/24 Blend
63$767,000$767,000$767,000$767,000
64$849,617$808,966$797,077$897,536
65$888,999$801,327$776,501$922,796
66$930,909$791,824$753,746$945,070
67$975,558$780,319$728,692$968,406
68$1,023,177$766,666$701,215$992,912
69$1,074,018$750,710$671,183$1,018,713
70$1,128,358$732,286$638,458$1,045,943
71$1,186,503$711,220$602,899$1,074,754
72$1,248,784$687,328$564,354$1,105,315
73$1,315,568$660,414$522,667$1,137,816
74$1,387,255$630,274$477,676$1,172,466
75$1,464,285$596,687$429,208$1,209,498
76$1,547,142$559,425$377,086$1,249,171
77$1,636,355$518,241$321,123$1,291,776
78$1,732,507$472,879$261,125$1,337,633
79$1,836,238$423,065$196,888$1,387,098
80$1,948,250$368,511$128,199$1,440,567
81$2,069,316$308,913$54,839$1,498,481
82$2,200,285$243,948$0$1,561,328
83$2,342,090$173,277$0$1,635,655
84$2,495,755$96,540$0$1,731,433
85$2,662,410$13,359$0$1,835,337
86$2,843,295$0$0$1,948,172
87$3,039,773$0$0$2,081,795
88$3,253,346$0$0$2,229,169
89$3,485,664$0$0$2,389,529
90$3,738,543$0$0$2,564,134
91$4,013,983$0$0$2,754,372
92$4,314,181$0$0$2,961,768
93$4,641,559$0$0$3,188,002
94$4,998,781$0$0$3,434,921
95$5,388,778$0$0$3,704,562
96$5,814,779$0$0$3,999,162
97$6,280,337$0$0$4,321,190
98$6,789,364$0$0$4,673,358
99$7,346,167$0$0$5,058,658
100$7,955,490$0$0$5,480,379