Can I retire at age 64 with 773,000?

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 $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%12.8%
1 years$63,834$63,265$62,710$62,169$61,640$60,920
2 years$31,601$31,012$30,442$29,889$29,352$28,628
3 years$20,858$20,267$19,698$19,150$18,622$17,916
4 years$15,488$14,898$14,335$13,797$13,282$12,598
5 years$12,266$11,680$11,125$10,597$10,096$9,438
6 years$10,119$9,538$8,990$8,475$7,989$7,357
7 years$8,586$8,010$7,471$6,967$6,497$5,891
8 years$7,437$6,866$6,336$5,845$5,390$4,810
9 years$6,544$5,978$5,457$4,978$4,539$3,986
10 years$5,830$5,269$4,758$4,291$3,868$3,340
11 years$5,246$4,691$4,189$3,735$3,326$2,823
12 years$4,759$4,210$3,717$3,276$2,882$2,404
13 years$4,348$3,805$3,321$2,892$2,514$2,059
14 years$3,996$3,459$2,984$2,567$2,203$1,773
15 years$3,691$3,160$2,694$2,290$1,940$1,532
16 years$3,425$2,899$2,443$2,050$1,715$1,328
17 years$3,190$2,670$2,223$1,842$1,520$1,155
18 years$2,981$2,467$2,029$1,660$1,352$1,007
19 years$2,795$2,286$1,858$1,500$1,205$880
20 years$2,627$2,125$1,705$1,359$1,076$770
21 years$2,476$1,979$1,568$1,233$963$675
22 years$2,338$1,847$1,445$1,121$863$593
23 years$2,213$1,728$1,334$1,021$775$521
24 years$2,098$1,619$1,234$931$697$459
25 years$1,993$1,519$1,143$850$627$404
26 years$1,896$1,428$1,060$778$565$356
27 years$1,806$1,344$984$712$509$314
28 years$1,723$1,266$915$652$459$277
29 years$1,646$1,194$852$598$415$245
30 years$1,573$1,128$793$549$375$216
31 years$1,506$1,066$739$504$339$191
32 years$1,443$1,009$690$463$306$169
33 years$1,384$956$644$426$277$149
34 years$1,329$906$602$392$251$132
35 years$1,277$859$563$361$227$117
36 years$1,228$815$526$332$206$103
37 years$1,181$774$493$306$187$92
38 years$1,138$736$461$282$169$81
39 years$1,096$700$432$260$154$72
40 years$1,057$666$405$240$139$64
41 years$1,020$634$380$221$126$56
42 years$984$604$356$204$115$50
43 years$950$575$334$189$104$44
44 years$918$548$314$174$94$39
45 years$888$523$295$161$86$35
46 years$859$499$277$149$78$31
47 years$831$476$260$137$71$27
48 years$804$454$244$127$64$24
49 years$779$434$230$117$58$21
50 years$755$414$216$108$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $773,000, adding $4,936 every year, while hoping to spend $28,674 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: 40/31/29 Blend
63$773,000$773,000$773,000$773,000
64$856,937$815,968$803,987$883,715
65$913,836$825,442$800,412$913,144
66$975,578$834,419$795,755$941,947
67$1,042,625$842,844$789,952$972,567
68$1,115,489$850,660$782,932$1,005,190
69$1,194,731$857,803$774,621$1,040,021
70$1,280,967$864,209$764,945$1,077,289
71$1,374,876$869,807$753,822$1,117,244
72$1,477,208$874,521$741,168$1,160,169
73$1,588,782$878,272$726,897$1,206,372
74$1,710,506$880,976$710,916$1,256,198
75$1,843,375$882,541$693,129$1,310,028
76$1,988,487$882,872$673,436$1,368,285
77$2,147,048$881,869$651,732$1,431,436
78$2,320,388$879,421$627,906$1,499,999
79$2,509,970$875,415$601,843$1,574,547
80$2,717,406$869,730$573,424$1,655,716
81$2,944,470$862,235$542,523$1,744,207
82$3,193,116$852,795$509,008$1,840,800
83$3,465,496$841,264$472,741$1,946,352
84$3,763,980$827,489$433,581$2,061,818
85$4,091,176$811,306$391,376$2,188,248
86$4,449,959$792,543$345,970$2,326,806
87$4,843,494$771,018$297,200$2,478,781
88$5,275,269$746,536$244,895$2,645,594
89$5,749,124$718,894$188,876$2,828,820
90$6,269,289$687,874$128,958$3,030,196
91$6,840,424$653,247$64,946$3,251,644
92$7,467,663$614,772$0$3,495,286
93$8,156,659$572,190$0$3,764,512
94$8,913,643$525,232$0$4,082,384
95$9,745,477$473,611$0$4,431,717
96$10,659,721$417,023$0$4,815,744
97$11,664,705$355,150$0$5,238,032
98$12,769,604$287,651$0$5,702,515
99$13,984,528$214,171$0$6,213,533
100$15,320,616$134,332$0$6,775,872