Can I retire at age 64 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$58,961$58,436$57,924$57,424$56,935$55,604
2 years$29,189$28,645$28,118$27,608$27,112$25,778
3 years$19,266$18,720$18,194$17,688$17,201$15,907
4 years$14,305$13,761$13,241$12,744$12,268$11,023
5 years$11,330$10,789$10,275$9,788$9,326$8,133
6 years$9,347$8,810$8,304$7,828$7,379$6,241
7 years$7,931$7,399$6,901$6,436$6,001$4,917
8 years$6,870$6,342$5,852$5,399$4,979$3,948
9 years$6,044$5,522$5,041$4,598$4,193$3,215
10 years$5,385$4,867$4,395$3,964$3,572$2,646
11 years$4,845$4,333$3,869$3,450$3,072$2,197
12 years$4,396$3,889$3,434$3,026$2,662$1,836
13 years$4,016$3,515$3,068$2,671$2,322$1,543
14 years$3,691$3,195$2,756$2,371$2,035$1,302
15 years$3,409$2,918$2,489$2,115$1,792$1,103
16 years$3,163$2,678$2,256$1,894$1,584$938
17 years$2,946$2,466$2,053$1,701$1,404$799
18 years$2,754$2,279$1,874$1,533$1,249$682
19 years$2,581$2,112$1,716$1,385$1,113$583
20 years$2,427$1,962$1,575$1,255$994$499
21 years$2,287$1,828$1,448$1,139$890$428
22 years$2,160$1,706$1,335$1,035$797$368
23 years$2,044$1,596$1,233$943$716$316
24 years$1,938$1,495$1,140$860$643$272
25 years$1,841$1,403$1,056$785$579$234
26 years$1,751$1,319$979$718$521$201
27 years$1,668$1,241$909$657$470$174
28 years$1,591$1,169$845$602$424$150
29 years$1,520$1,103$787$552$383$129
30 years$1,453$1,042$733$507$346$111
31 years$1,391$985$683$466$313$96
32 years$1,333$932$637$428$283$83
33 years$1,279$883$595$393$256$72
34 years$1,227$837$556$362$232$62
35 years$1,179$793$520$333$210$53
36 years$1,134$753$486$307$190$46
37 years$1,091$715$455$283$173$40
38 years$1,051$680$426$261$156$34
39 years$1,012$646$399$240$142$30
40 years$976$615$374$222$129$26
41 years$942$585$351$205$117$22
42 years$909$557$329$189$106$19
43 years$878$531$309$174$96$17
44 years$848$506$290$161$87$14
45 years$820$483$272$149$79$12
46 years$793$461$256$137$72$11
47 years$768$440$240$127$65$9
48 years$743$420$226$117$59$8
49 years$720$401$212$108$54$7
50 years$697$383$200$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $714,000, adding $4,038 every year, while hoping to spend $21,213 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: 63/13/24 Blend
63$714,000$714,000$714,000$714,000
64$790,993$753,151$742,084$835,601
65$849,104$767,485$744,374$880,571
66$912,431$781,810$746,029$926,956
67$981,484$796,104$747,006$977,147
68$1,056,825$810,342$747,259$1,031,516
69$1,139,069$824,497$746,741$1,090,479
70$1,228,898$838,541$745,400$1,154,489
71$1,327,059$852,443$743,184$1,224,050
72$1,434,375$866,170$740,038$1,299,714
73$1,551,755$879,686$735,903$1,382,093
74$1,680,197$892,953$730,718$1,471,860
75$1,820,799$905,930$724,420$1,569,756
76$1,974,774$918,574$716,941$1,676,600
77$2,143,454$930,837$708,211$1,793,294
78$2,328,308$942,669$698,158$1,920,831
79$2,530,953$954,018$686,704$2,060,310
80$2,753,170$964,824$673,768$2,212,938
81$2,996,921$975,029$659,267$2,380,048
82$3,264,367$984,565$643,113$2,563,110
83$3,557,888$993,364$625,212$2,763,745
84$3,880,105$1,001,352$605,470$2,983,738
85$4,233,907$1,008,450$583,785$3,225,058
86$4,622,475$1,014,573$560,051$3,489,878
87$5,049,313$1,019,633$534,158$3,780,589
88$5,518,282$1,023,534$505,991$4,099,832
89$6,033,635$1,026,175$475,430$4,450,515
90$6,600,058$1,027,449$442,349$4,835,845
91$7,222,711$1,027,242$406,615$5,259,358
92$7,907,283$1,025,432$368,092$5,724,952
93$8,660,039$1,021,891$326,636$6,236,924
94$9,487,881$1,016,482$282,097$6,800,010
95$10,398,416$1,009,060$234,318$7,419,432
96$11,400,022$999,472$183,135$8,100,947
97$12,501,933$987,555$128,379$8,850,899
98$13,714,321$973,136$69,870$9,676,283
99$15,048,394$956,032$7,423$10,584,810
100$16,516,501$936,048$0$11,584,979