Can I retire at age 64 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$58,549$58,027$57,518$57,022$56,537$55,692
2 years$28,984$28,445$27,921$27,414$26,922$26,073
3 years$19,131$18,589$18,067$17,565$17,081$16,253
4 years$14,205$13,665$13,148$12,654$12,182$11,383
5 years$11,251$10,713$10,204$9,720$9,261$8,492
6 years$9,281$8,748$8,246$7,773$7,328$6,591
7 years$7,875$7,347$6,852$6,391$5,959$5,254
8 years$6,821$6,298$5,811$5,361$4,944$4,271
9 years$6,002$5,483$5,005$4,566$4,163$3,522
10 years$5,347$4,833$4,364$3,936$3,547$2,937
11 years$4,811$4,303$3,842$3,426$3,051$2,470
12 years$4,365$3,862$3,410$3,005$2,644$2,093
13 years$3,988$3,490$3,046$2,653$2,305$1,783
14 years$3,665$3,172$2,737$2,355$2,021$1,527
15 years$3,386$2,898$2,471$2,100$1,779$1,312
16 years$3,141$2,659$2,240$1,880$1,573$1,132
17 years$2,926$2,449$2,039$1,690$1,394$979
18 years$2,734$2,263$1,861$1,523$1,240$848
19 years$2,563$2,097$1,704$1,376$1,105$737
20 years$2,410$1,949$1,564$1,246$987$641
21 years$2,271$1,815$1,438$1,131$883$559
22 years$2,145$1,694$1,326$1,028$792$488
23 years$2,030$1,585$1,224$936$711$426
24 years$1,925$1,485$1,132$854$639$372
25 years$1,828$1,393$1,048$780$575$326
26 years$1,739$1,310$972$713$518$285
27 years$1,657$1,232$903$653$467$250
28 years$1,580$1,161$839$598$421$219
29 years$1,509$1,096$781$548$380$192
30 years$1,443$1,035$728$503$344$169
31 years$1,382$978$678$462$311$148
32 years$1,324$925$633$425$281$130
33 years$1,270$876$591$391$254$114
34 years$1,219$831$552$359$230$101
35 years$1,171$788$516$331$209$88
36 years$1,126$748$483$305$189$78
37 years$1,084$710$452$281$171$68
38 years$1,043$675$423$259$155$60
39 years$1,005$642$397$239$141$53
40 years$969$611$372$220$128$46
41 years$935$581$348$203$116$41
42 years$903$554$327$187$105$36
43 years$872$527$307$173$95$32
44 years$842$503$288$160$87$28
45 years$814$479$270$148$79$24
46 years$788$457$254$136$71$22
47 years$762$436$239$126$65$19
48 years$738$417$224$116$59$17
49 years$715$398$211$108$53$15
50 years$692$380$198$99$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $709,000, adding $4,757 every year, while hoping to spend $33,233 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: 55/36/9 Blend
63$709,000$709,000$709,000$709,000
64$786,225$748,648$737,658$827,487
65$831,060$749,972$727,010$857,262
66$879,355$750,247$714,892$885,595
67$931,427$749,387$701,218$915,648
68$987,625$747,299$685,901$947,587
69$1,048,332$743,887$668,849$981,601
70$1,113,971$739,047$649,965$1,017,897
71$1,185,005$732,668$629,147$1,056,706
72$1,261,942$724,636$606,290$1,098,281
73$1,345,343$714,826$581,284$1,142,906
74$1,435,824$703,108$554,012$1,190,894
75$1,534,061$689,343$524,355$1,242,591
76$1,640,799$673,385$492,185$1,298,383
77$1,756,858$655,078$457,370$1,358,695
78$1,883,139$634,259$419,774$1,423,999
79$2,020,634$610,752$379,251$1,494,816
80$2,170,433$584,374$335,651$1,571,725
81$2,333,739$554,930$288,816$1,655,365
82$2,511,872$522,213$238,584$1,746,444
83$2,706,288$486,006$184,781$1,845,747
84$2,918,588$446,079$127,230$1,954,140
85$3,150,534$402,187$65,742$2,072,582
86$3,404,068$354,074$124$2,202,135
87$3,681,326$301,466$0$2,343,972
88$3,984,661$244,078$0$2,506,103
89$4,316,662$181,604$0$2,683,700
90$4,680,184$113,724$0$2,878,358
91$5,078,366$40,100$0$3,091,853
92$5,514,667$0$0$3,326,147
93$5,992,898$0$0$3,599,104
94$6,517,255$0$0$3,915,871
95$7,092,358$0$0$4,263,362
96$7,723,297$0$0$4,644,662
97$8,415,679$0$0$5,063,167
98$9,175,678$0$0$5,522,619
99$10,010,098$0$0$6,027,140
100$10,926,432$0$0$6,581,271