Can I retire at age 64 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$63,916$63,347$62,791$62,249$61,720$59,577
2 years$31,642$31,052$30,481$29,928$29,390$27,254
3 years$20,885$20,293$19,723$19,175$18,646$16,583
4 years$15,508$14,918$14,354$13,814$13,299$11,325
5 years$12,282$11,696$11,139$10,611$10,110$8,230
6 years$10,132$9,550$9,002$8,486$7,999$6,215
7 years$8,597$8,020$7,481$6,976$6,506$4,817
8 years$7,447$6,875$6,344$5,852$5,397$3,802
9 years$6,552$5,986$5,464$4,985$4,545$3,042
10 years$5,837$5,276$4,764$4,297$3,873$2,459
11 years$5,253$4,697$4,194$3,740$3,331$2,004
12 years$4,766$4,216$3,722$3,280$2,886$1,643
13 years$4,354$3,810$3,325$2,896$2,517$1,354
14 years$4,001$3,463$2,988$2,571$2,206$1,120
15 years$3,696$3,164$2,698$2,293$1,943$930
16 years$3,429$2,903$2,446$2,053$1,717$774
17 years$3,194$2,673$2,226$1,844$1,522$645
18 years$2,985$2,470$2,032$1,662$1,354$539
19 years$2,798$2,289$1,860$1,502$1,206$451
20 years$2,631$2,127$1,707$1,360$1,078$378
21 years$2,479$1,981$1,570$1,235$964$317
22 years$2,341$1,850$1,447$1,122$864$266
23 years$2,216$1,730$1,336$1,022$776$224
24 years$2,101$1,621$1,236$932$697$188
25 years$1,995$1,521$1,144$851$628$158
26 years$1,898$1,430$1,061$779$565$133
27 years$1,808$1,345$986$713$510$112
28 years$1,725$1,268$916$653$460$94
29 years$1,648$1,196$853$599$415$79
30 years$1,576$1,129$794$550$375$67
31 years$1,508$1,068$740$505$339$56
32 years$1,445$1,010$691$464$307$47
33 years$1,386$957$645$427$278$40
34 years$1,331$907$603$392$251$34
35 years$1,278$860$563$361$228$28
36 years$1,229$816$527$333$206$24
37 years$1,183$775$493$307$187$20
38 years$1,139$737$462$283$170$17
39 years$1,098$701$433$261$154$14
40 years$1,058$667$406$240$139$12
41 years$1,021$635$380$222$127$10
42 years$985$604$357$205$115$9
43 years$952$576$335$189$104$7
44 years$920$549$314$174$95$6
45 years$889$523$295$161$86$5
46 years$860$499$277$149$78$4
47 years$832$476$260$137$71$4
48 years$805$455$245$127$64$3
49 years$780$434$230$117$58$3
50 years$756$415$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $774,000, adding $2,359 every year, while hoping to spend $49,366 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: 66/11/23 Blend
63$774,000$774,000$774,000$774,000
64$855,381$814,359$802,362$906,635
65$890,105$801,738$776,716$928,757
66$926,716$786,843$748,557$947,106
67$965,355$769,513$717,747$966,022
68$1,006,175$749,572$684,145$985,564
69$1,049,342$726,839$647,601$1,005,797
70$1,095,039$701,118$607,961$1,026,794
71$1,143,466$672,205$565,060$1,048,636
72$1,194,839$639,883$518,728$1,071,418
73$1,249,396$603,921$468,790$1,095,244
74$1,307,397$564,076$415,057$1,120,230
75$1,369,128$520,092$357,338$1,146,508
76$1,434,899$471,696$295,428$1,174,225
77$1,505,051$418,602$229,118$1,203,547
78$1,579,958$360,505$158,185$1,234,657
79$1,660,030$297,086$82,400$1,267,761
80$1,745,715$228,005$1,522$1,303,090
81$1,837,505$152,904$0$1,340,902
82$1,935,940$71,406$0$1,402,290
83$2,041,612$0$0$1,468,518
84$2,155,171$0$0$1,541,680
85$2,277,331$0$0$1,629,716
86$2,408,875$0$0$1,724,552
87$2,550,662$0$0$1,826,811
88$2,703,639$0$0$1,937,182
89$2,868,842$0$0$2,056,417
90$3,047,413$0$0$2,185,345
91$3,240,606$0$0$2,324,879
92$3,449,800$0$0$2,476,019
93$3,676,508$0$0$2,639,866
94$3,922,397$0$0$2,817,631
95$4,189,300$0$0$3,010,646
96$4,479,233$0$0$3,220,376
97$4,794,410$0$0$3,448,431
98$5,137,273$0$0$3,696,584
99$5,510,503$0$0$3,966,786
100$5,917,053$0$0$4,261,183