Can I retire at age 64 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$63,834$63,265$62,710$62,169$61,640$59,643
2 years$31,601$31,012$30,442$29,889$29,352$27,359
3 years$20,858$20,267$19,698$19,150$18,622$16,696
4 years$15,488$14,898$14,335$13,797$13,282$11,436
5 years$12,266$11,680$11,125$10,597$10,096$8,337
6 years$10,119$9,538$8,990$8,475$7,989$6,317
7 years$8,586$8,010$7,471$6,967$6,497$4,912
8 years$7,437$6,866$6,336$5,845$5,390$3,891
9 years$6,544$5,978$5,457$4,978$4,539$3,125
10 years$5,830$5,269$4,758$4,291$3,868$2,536
11 years$5,246$4,691$4,189$3,735$3,326$2,074
12 years$4,759$4,210$3,717$3,276$2,882$1,707
13 years$4,348$3,805$3,321$2,892$2,514$1,413
14 years$3,996$3,459$2,984$2,567$2,203$1,174
15 years$3,691$3,160$2,694$2,290$1,940$978
16 years$3,425$2,899$2,443$2,050$1,715$818
17 years$3,190$2,670$2,223$1,842$1,520$685
18 years$2,981$2,467$2,029$1,660$1,352$575
19 years$2,795$2,286$1,858$1,500$1,205$483
20 years$2,627$2,125$1,705$1,359$1,076$407
21 years$2,476$1,979$1,568$1,233$963$343
22 years$2,338$1,847$1,445$1,121$863$289
23 years$2,213$1,728$1,334$1,021$775$244
24 years$2,098$1,619$1,234$931$697$206
25 years$1,993$1,519$1,143$850$627$174
26 years$1,896$1,428$1,060$778$565$147
27 years$1,806$1,344$984$712$509$124
28 years$1,723$1,266$915$652$459$105
29 years$1,646$1,194$852$598$415$89
30 years$1,573$1,128$793$549$375$75
31 years$1,506$1,066$739$504$339$64
32 years$1,443$1,009$690$463$306$54
33 years$1,384$956$644$426$277$46
34 years$1,329$906$602$392$251$39
35 years$1,277$859$563$361$227$33
36 years$1,228$815$526$332$206$28
37 years$1,181$774$493$306$187$24
38 years$1,138$736$461$282$169$20
39 years$1,096$700$432$260$154$17
40 years$1,057$666$405$240$139$14
41 years$1,020$634$380$221$126$12
42 years$984$604$356$204$115$10
43 years$950$575$334$189$104$9
44 years$918$548$314$174$94$7
45 years$888$523$295$161$86$6
46 years$859$499$277$149$78$5
47 years$831$476$260$137$71$4
48 years$804$454$244$127$64$4
49 years$779$434$230$117$58$3
50 years$755$414$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $773,000, adding $3,528 every year, while hoping to spend $45,025 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: 57/24/19 Blend
63$773,000$773,000$773,000$773,000
64$855,485$814,516$802,535$899,739
65$894,838$806,521$781,513$922,249
66$936,697$796,625$758,279$941,603
67$981,268$784,688$732,709$961,692
68$1,028,780$770,560$704,677$982,598
69$1,079,481$754,084$674,050$1,004,410
70$1,133,646$735,092$640,689$1,027,231
71$1,191,574$713,408$604,448$1,051,176
72$1,253,593$688,843$565,175$1,076,375
73$1,320,062$661,199$522,712$1,102,972
74$1,391,378$630,267$476,892$1,131,131
75$1,467,973$595,824$427,542$1,161,033
76$1,550,322$557,636$374,481$1,192,884
77$1,638,949$515,454$317,520$1,226,911
78$1,734,427$469,016$256,461$1,263,370
79$1,837,384$418,044$191,099$1,302,546
80$1,948,514$362,244$121,217$1,344,759
81$2,068,576$301,308$46,591$1,390,362
82$2,198,405$234,907$0$1,439,754
83$2,338,921$162,696$0$1,500,075
84$2,491,132$84,309$0$1,575,633
85$2,656,148$0$0$1,657,573
86$2,835,190$0$0$1,746,728
87$3,029,599$0$0$1,867,768
88$3,240,853$0$0$1,999,355
89$3,470,576$0$0$2,142,507
90$3,720,553$0$0$2,298,347
91$3,992,751$0$0$2,468,107
92$4,289,334$0$0$2,653,145
93$4,612,681$0$0$2,854,956
94$4,965,414$0$0$3,075,185
95$5,350,416$0$0$3,315,641
96$5,770,862$0$0$3,578,317
97$6,230,247$0$0$3,865,407
98$6,732,418$0$0$4,179,327
99$7,281,611$0$0$4,522,735
100$7,882,490$0$0$4,898,561