Can I retire at age 64 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$63,503$62,938$62,386$61,847$61,321$59,693
2 years$31,437$30,852$30,284$29,734$29,201$27,572
3 years$20,750$20,162$19,596$19,051$18,526$16,948
4 years$15,407$14,821$14,261$13,725$13,213$11,697
5 years$12,203$11,620$11,067$10,542$10,044$8,595
6 years$10,067$9,489$8,944$8,431$7,948$6,566
7 years$8,542$7,969$7,432$6,931$6,464$5,150
8 years$7,399$6,830$6,303$5,815$5,362$4,116
9 years$6,510$5,947$5,429$4,953$4,516$3,335
10 years$5,800$5,242$4,733$4,269$3,848$2,732
11 years$5,219$4,667$4,167$3,716$3,309$2,256
12 years$4,735$4,189$3,698$3,259$2,868$1,876
13 years$4,326$3,785$3,304$2,877$2,501$1,568
14 years$3,975$3,441$2,969$2,554$2,192$1,316
15 years$3,672$3,143$2,680$2,278$1,930$1,109
16 years$3,407$2,884$2,430$2,040$1,706$937
17 years$3,173$2,656$2,211$1,832$1,512$793
18 years$2,966$2,454$2,019$1,651$1,345$673
19 years$2,780$2,274$1,848$1,492$1,199$572
20 years$2,614$2,114$1,696$1,351$1,071$487
21 years$2,463$1,969$1,560$1,227$958$415
22 years$2,326$1,838$1,438$1,115$859$354
23 years$2,202$1,719$1,327$1,016$771$303
24 years$2,087$1,610$1,228$926$693$259
25 years$1,983$1,511$1,137$846$624$221
26 years$1,886$1,420$1,055$774$562$189
27 years$1,797$1,337$979$708$506$162
28 years$1,714$1,260$910$649$457$139
29 years$1,637$1,188$847$595$413$119
30 years$1,565$1,122$789$546$373$102
31 years$1,498$1,061$736$501$337$87
32 years$1,436$1,004$686$461$305$75
33 years$1,377$951$641$424$276$64
34 years$1,322$901$599$390$250$55
35 years$1,270$855$560$359$226$47
36 years$1,221$811$524$331$205$41
37 years$1,175$770$490$305$186$35
38 years$1,132$732$459$281$168$30
39 years$1,090$696$430$259$153$26
40 years$1,051$662$403$239$139$22
41 years$1,014$630$378$220$126$19
42 years$979$600$355$203$114$16
43 years$946$572$333$188$104$14
44 years$914$545$312$173$94$12
45 years$883$520$293$160$85$10
46 years$854$496$275$148$77$9
47 years$827$473$259$137$70$8
48 years$800$452$243$126$64$6
49 years$775$432$229$117$58$6
50 years$751$412$215$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $769,000, adding $6,697 every year, while hoping to spend $38,637 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: 70/16/14 Blend
63$769,000$769,000$769,000$769,000
64$854,346$813,589$801,669$911,009
65$900,380$812,345$787,416$948,279
66$949,814$809,746$771,390$983,766
67$1,002,955$805,683$753,491$1,021,599
68$1,060,138$800,044$733,615$1,062,004
69$1,121,733$792,707$711,652$1,105,228
70$1,188,145$783,544$687,487$1,151,547
71$1,259,818$772,420$661,001$1,201,263
72$1,337,243$759,192$632,067$1,254,713
73$1,420,955$743,706$600,556$1,312,265
74$1,511,547$725,802$566,328$1,374,330
75$1,609,668$705,309$529,243$1,441,358
76$1,716,030$682,046$489,149$1,513,848
77$1,831,421$655,821$445,891$1,592,353
78$1,956,702$626,433$399,305$1,677,479
79$2,092,824$593,666$349,220$1,769,900
80$2,240,831$557,295$295,458$1,870,358
81$2,401,873$517,080$237,833$1,979,671
82$2,577,215$472,768$176,151$2,098,746
83$2,768,247$424,090$110,208$2,228,581
84$2,976,502$370,763$39,794$2,370,280
85$3,203,664$312,490$0$2,525,060
86$3,451,588$248,953$0$2,699,549
87$3,722,318$179,819$0$2,896,635
88$4,018,100$104,735$0$3,112,043
89$4,341,408$23,330$0$3,347,620
90$4,694,969$0$0$3,605,401
91$5,081,781$0$0$3,899,037
92$5,505,147$0$0$4,224,959
93$5,968,705$0$0$4,581,863
94$6,476,459$0$0$4,972,840
95$7,032,822$0$0$5,401,290
96$7,642,650$0$0$5,870,961
97$8,311,294$0$0$6,385,979
98$9,044,646$0$0$6,950,888
99$9,849,196$0$0$7,570,694
100$10,732,093$0$0$8,250,911