Can I retire at age 64 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$63,668$63,101$62,548$62,008$61,481$59,299
2 years$31,519$30,932$30,363$29,812$29,276$27,102
3 years$20,804$20,214$19,647$19,101$18,574$16,475
4 years$15,447$14,860$14,298$13,761$13,247$11,239
5 years$12,234$11,650$11,096$10,570$10,070$8,159
6 years$10,093$9,513$8,967$8,453$7,968$6,155
7 years$8,564$7,989$7,452$6,949$6,480$4,765
8 years$7,418$6,848$6,320$5,830$5,376$3,757
9 years$6,527$5,963$5,443$4,966$4,527$3,002
10 years$5,815$5,256$4,745$4,280$3,858$2,424
11 years$5,232$4,679$4,178$3,725$3,318$1,972
12 years$4,747$4,200$3,708$3,268$2,875$1,615
13 years$4,337$3,795$3,313$2,885$2,507$1,329
14 years$3,986$3,450$2,976$2,561$2,198$1,098
15 years$3,682$3,151$2,687$2,284$1,935$910
16 years$3,416$2,891$2,436$2,045$1,710$756
17 years$3,182$2,663$2,217$1,837$1,516$630
18 years$2,973$2,461$2,024$1,656$1,348$525
19 years$2,788$2,280$1,853$1,496$1,202$439
20 years$2,620$2,119$1,700$1,355$1,073$367
21 years$2,469$1,974$1,564$1,230$961$308
22 years$2,332$1,842$1,441$1,118$861$258
23 years$2,207$1,723$1,331$1,018$773$216
24 years$2,093$1,615$1,231$929$695$181
25 years$1,988$1,515$1,140$848$625$152
26 years$1,891$1,424$1,057$776$563$128
27 years$1,801$1,340$982$710$508$107
28 years$1,718$1,263$913$650$458$90
29 years$1,641$1,191$849$596$414$76
30 years$1,569$1,125$791$547$374$64
31 years$1,502$1,064$738$503$338$54
32 years$1,440$1,006$688$462$306$45
33 years$1,381$953$643$425$277$38
34 years$1,325$903$600$391$250$32
35 years$1,274$857$561$360$227$27
36 years$1,225$813$525$331$206$23
37 years$1,178$772$491$305$186$19
38 years$1,135$734$460$281$169$16
39 years$1,093$698$431$260$153$13
40 years$1,054$664$404$239$139$11
41 years$1,017$632$379$221$126$10
42 years$982$602$355$204$114$8
43 years$948$574$334$188$104$7
44 years$916$547$313$174$94$6
45 years$886$521$294$160$86$5
46 years$857$497$276$148$78$4
47 years$829$475$259$137$71$3
48 years$802$453$244$127$64$3
49 years$777$433$229$117$58$2
50 years$753$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $771,000, adding $4,634 every year, while hoping to spend $49,406 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: 74/20/6 Blend
63$771,000$771,000$771,000$771,000
64$854,422$813,559$801,608$916,739
65$889,005$800,856$775,895$945,688
66$925,460$785,874$747,664$970,667
67$963,926$768,451$716,779$996,613
68$1,004,553$748,411$683,098$1,023,605
69$1,047,507$725,573$646,471$1,051,728
70$1,092,967$699,740$606,742$1,081,081
71$1,141,131$670,709$563,749$1,111,769
72$1,192,213$638,260$517,321$1,143,913
73$1,246,448$602,164$467,281$1,177,644
74$1,304,092$562,177$413,442$1,213,109
75$1,365,428$518,042$355,610$1,250,472
76$1,430,761$469,486$293,583$1,289,914
77$1,500,430$416,221$227,149$1,331,637
78$1,574,802$357,944$156,086$1,375,862
79$1,654,282$294,334$80,166$1,422,840
80$1,739,312$225,050$0$1,472,844
81$1,830,380$149,735$0$1,526,235
82$1,928,016$68,009$0$1,588,778
83$2,032,805$0$0$1,655,728
84$2,145,390$0$0$1,732,037
85$2,266,472$0$0$1,830,227
86$2,396,827$0$0$1,935,960
87$2,537,301$0$0$2,049,928
88$2,688,828$0$0$2,172,890
89$2,852,431$0$0$2,305,682
90$3,029,236$0$0$2,449,220
91$3,220,480$0$0$2,604,512
92$3,427,522$0$0$2,772,666
93$3,651,856$0$0$2,954,900
94$3,895,127$0$0$3,152,554
95$4,159,140$0$0$3,367,101
96$4,445,885$0$0$3,600,161
97$4,757,546$0$0$3,853,515
98$5,096,530$0$0$4,129,126
99$5,465,482$0$0$4,429,148
100$5,867,314$0$0$4,755,957