Can I retire at age 64 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$59,209$58,682$58,167$57,665$57,175$55,747
2 years$29,311$28,766$28,237$27,724$27,226$25,797
3 years$19,347$18,799$18,271$17,763$17,273$15,887
4 years$14,366$13,819$13,297$12,797$12,319$10,987
5 years$11,378$10,834$10,319$9,829$9,365$8,090
6 years$9,386$8,847$8,339$7,861$7,410$6,194
7 years$7,964$7,430$6,930$6,463$6,027$4,869
8 years$6,898$6,369$5,877$5,421$5,000$3,900
9 years$6,070$5,545$5,062$4,618$4,210$3,169
10 years$5,407$4,888$4,413$3,981$3,587$2,602
11 years$4,866$4,351$3,885$3,464$3,085$2,154
12 years$4,415$3,905$3,448$3,039$2,674$1,796
13 years$4,033$3,529$3,081$2,683$2,331$1,505
14 years$3,707$3,208$2,768$2,381$2,044$1,267
15 years$3,424$2,931$2,499$2,124$1,800$1,070
16 years$3,177$2,689$2,266$1,902$1,590$907
17 years$2,959$2,476$2,062$1,709$1,410$770
18 years$2,765$2,288$1,882$1,540$1,254$656
19 years$2,592$2,121$1,723$1,391$1,118$559
20 years$2,437$1,971$1,581$1,260$998$477
21 years$2,296$1,836$1,454$1,144$893$408
22 years$2,169$1,713$1,340$1,040$801$349
23 years$2,053$1,603$1,238$947$719$299
24 years$1,946$1,501$1,145$864$646$257
25 years$1,849$1,409$1,060$789$581$220
26 years$1,758$1,324$983$721$524$189
27 years$1,675$1,246$913$660$472$162
28 years$1,598$1,174$849$605$426$139
29 years$1,526$1,108$790$555$385$120
30 years$1,460$1,046$736$509$348$103
31 years$1,397$989$686$468$314$89
32 years$1,339$936$640$430$284$76
33 years$1,284$886$598$395$257$66
34 years$1,233$840$558$364$233$56
35 years$1,184$797$522$335$211$49
36 years$1,139$756$488$308$191$42
37 years$1,096$718$457$284$173$36
38 years$1,055$683$428$262$157$31
39 years$1,017$649$401$241$142$27
40 years$980$618$376$223$129$23
41 years$946$588$352$205$117$20
42 years$913$560$331$190$106$17
43 years$882$533$310$175$97$15
44 years$852$508$291$162$88$13
45 years$824$485$273$149$80$11
46 years$797$463$257$138$72$9
47 years$771$441$241$127$66$8
48 years$746$421$227$118$60$7
49 years$723$402$213$109$54$6
50 years$700$384$200$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $717,000, adding $6,632 every year, while hoping to spend $30,129 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: 77/18/5 Blend
63$717,000$717,000$717,000$717,000
64$796,975$758,974$747,860$857,611
65$846,209$764,107$740,857$903,459
66$899,456$768,481$732,609$949,131
67$957,092$772,028$723,043$998,305
68$1,019,532$774,675$712,082$1,051,317
69$1,087,234$776,343$699,645$1,108,536
70$1,160,697$776,949$685,649$1,170,365
71$1,240,475$776,406$670,005$1,237,254
72$1,327,174$774,620$652,620$1,309,694
73$1,421,461$771,492$633,399$1,388,228
74$1,524,071$766,917$612,239$1,473,455
75$1,635,813$760,782$589,035$1,566,034
76$1,757,576$752,970$563,678$1,666,692
77$1,890,337$743,355$536,050$1,776,229
78$2,035,176$731,803$506,032$1,895,528
79$2,193,277$718,175$473,497$2,025,563
80$2,365,945$702,319$438,313$2,167,406
81$2,554,617$684,079$400,342$2,322,239
82$2,760,876$663,286$359,441$2,491,365
83$2,986,462$639,764$315,459$2,676,222
84$3,233,293$613,324$268,239$2,878,393
85$3,503,480$583,769$217,617$3,099,623
86$3,799,349$550,887$163,421$3,341,837
87$4,123,460$514,458$105,472$3,607,158
88$4,478,632$474,245$43,585$3,897,922
89$4,867,971$430,002$0$4,216,710
90$5,294,897$381,465$0$4,567,561
91$5,763,177$328,357$0$4,954,969
92$6,276,959$270,385$0$5,380,072
93$6,840,814$207,239$0$5,846,690
94$7,459,777$138,593$0$6,359,032
95$8,139,391$64,101$0$6,921,739
96$8,885,765$0$0$7,539,925
97$9,705,629$0$0$8,222,515
98$10,606,394$0$0$8,986,438
99$11,596,227$0$0$9,825,925
100$12,684,125$0$0$10,748,611