Can I retire at age 64 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$64,081$63,511$62,954$62,410$61,879$61,541
2 years$31,723$31,133$30,560$30,005$29,466$29,125
3 years$20,939$20,346$19,774$19,224$18,695$18,361
4 years$15,548$14,956$14,391$13,850$13,333$13,009
5 years$12,314$11,726$11,168$10,638$10,136$9,823
6 years$10,159$9,575$9,025$8,507$8,020$7,719
7 years$8,620$8,041$7,500$6,994$6,522$6,233
8 years$7,466$6,893$6,361$5,867$5,411$5,133
9 years$6,569$6,001$5,478$4,998$4,557$4,290
10 years$5,852$5,290$4,776$4,308$3,883$3,627
11 years$5,266$4,709$4,205$3,749$3,339$3,095
12 years$4,778$4,227$3,732$3,289$2,894$2,661
13 years$4,365$3,820$3,334$2,903$2,523$2,301
14 years$4,012$3,472$2,996$2,577$2,212$2,000
15 years$3,706$3,172$2,705$2,299$1,948$1,746
16 years$3,438$2,910$2,452$2,058$1,721$1,530
17 years$3,202$2,680$2,231$1,849$1,526$1,345
18 years$2,993$2,476$2,037$1,666$1,357$1,185
19 years$2,806$2,295$1,865$1,506$1,210$1,046
20 years$2,637$2,133$1,711$1,364$1,080$926
21 years$2,485$1,987$1,574$1,238$967$821
22 years$2,347$1,854$1,451$1,125$867$729
23 years$2,222$1,734$1,340$1,025$778$648
24 years$2,106$1,625$1,239$935$699$577
25 years$2,001$1,525$1,147$854$629$514
26 years$1,903$1,433$1,064$781$567$458
27 years$1,813$1,349$988$714$511$409
28 years$1,730$1,271$919$655$461$365
29 years$1,652$1,199$855$600$416$326
30 years$1,580$1,132$796$551$376$292
31 years$1,512$1,070$742$506$340$261
32 years$1,449$1,013$693$465$308$234
33 years$1,390$959$647$428$278$209
34 years$1,334$909$604$393$252$187
35 years$1,282$862$565$362$228$168
36 years$1,232$818$528$334$207$151
37 years$1,186$777$495$307$187$135
38 years$1,142$739$463$283$170$121
39 years$1,100$702$434$261$154$109
40 years$1,061$668$407$241$140$97
41 years$1,023$636$381$222$127$87
42 years$988$606$358$205$115$78
43 years$954$577$336$189$104$70
44 years$922$550$315$175$95$63
45 years$891$525$296$161$86$57
46 years$862$501$278$149$78$51
47 years$834$478$261$138$71$46
48 years$808$456$245$127$64$41
49 years$782$435$231$118$59$37
50 years$758$416$217$109$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $776,000, adding $2,530 every year, while hoping to spend $35,794 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: 71/11/18 Blend
63$776,000$776,000$776,000$776,000
64$857,762$816,634$804,606$914,823
65$907,169$818,564$793,475$955,044
66$960,416$819,390$780,773$994,539
67$1,017,857$819,018$766,407$1,036,870
68$1,079,880$817,352$750,283$1,082,313
69$1,146,913$814,287$732,303$1,131,173
70$1,219,425$809,715$712,363$1,183,785
71$1,297,933$803,517$690,353$1,240,519
72$1,383,003$795,571$666,161$1,301,783
73$1,475,260$785,744$639,668$1,368,030
74$1,575,390$773,899$610,750$1,439,756
75$1,684,147$759,887$579,278$1,517,511
76$1,802,362$743,553$545,115$1,601,901
77$1,930,946$724,731$508,120$1,693,596
78$2,070,906$703,246$468,146$1,793,334
79$2,223,347$678,914$425,037$1,901,930
80$2,389,484$651,536$378,631$2,020,282
81$2,570,658$620,907$328,761$2,149,384
82$2,768,340$586,807$275,250$2,290,331
83$2,984,153$549,004$217,914$2,444,330
84$3,219,883$507,251$156,560$2,612,714
85$3,477,495$461,290$90,989$2,796,954
86$3,759,153$410,846$20,990$2,998,673
87$4,067,238$355,630$0$3,219,660
88$4,404,375$295,334$0$3,472,207
89$4,773,452$229,636$0$3,753,149
90$5,177,649$158,193$0$4,060,899
91$5,620,469$80,644$0$4,398,156
92$6,105,770$0$0$4,767,894
93$6,637,800$0$0$5,173,800
94$7,221,238$0$0$5,629,672
95$7,861,238$0$0$6,129,779
96$8,563,476$0$0$6,678,562
97$9,334,205$0$0$7,280,913
98$10,180,312$0$0$7,942,220
99$11,109,383$0$0$8,668,417
100$12,129,775$0$0$9,466,043