Can I retire at age 64 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$59,540$59,009$58,492$57,987$57,494$56,588
2 years$29,475$28,926$28,394$27,878$27,378$26,468
3 years$19,455$18,903$18,373$17,862$17,370$16,483
4 years$14,446$13,896$13,371$12,868$12,388$11,532
5 years$11,441$10,895$10,376$9,884$9,417$8,595
6 years$9,439$8,896$8,386$7,904$7,452$6,663
7 years$8,009$7,471$6,968$6,499$6,060$5,306
8 years$6,937$6,404$5,910$5,452$5,027$4,308
9 years$6,104$5,576$5,090$4,644$4,234$3,548
10 years$5,438$4,915$4,438$4,003$3,607$2,955
11 years$4,893$4,375$3,907$3,484$3,103$2,483
12 years$4,439$3,927$3,467$3,056$2,689$2,101
13 years$4,056$3,549$3,098$2,698$2,345$1,788
14 years$3,727$3,226$2,783$2,395$2,055$1,528
15 years$3,443$2,947$2,513$2,136$1,810$1,312
16 years$3,194$2,704$2,278$1,912$1,599$1,130
17 years$2,975$2,490$2,073$1,718$1,418$976
18 years$2,781$2,301$1,893$1,548$1,261$845
19 years$2,607$2,133$1,733$1,399$1,124$733
20 years$2,450$1,982$1,590$1,267$1,004$636
21 years$2,309$1,846$1,463$1,150$898$554
22 years$2,181$1,723$1,348$1,046$805$483
23 years$2,064$1,611$1,245$952$723$421
24 years$1,957$1,510$1,151$869$650$367
25 years$1,859$1,417$1,066$793$585$321
26 years$1,768$1,332$989$725$527$281
27 years$1,685$1,253$918$664$475$246
28 years$1,607$1,181$854$608$428$215
29 years$1,535$1,114$794$558$387$188
30 years$1,468$1,052$740$512$350$165
31 years$1,405$995$690$470$316$145
32 years$1,346$941$644$432$286$127
33 years$1,291$891$601$397$259$111
34 years$1,240$845$561$366$234$98
35 years$1,191$801$525$337$212$86
36 years$1,145$760$491$310$192$75
37 years$1,102$722$460$286$174$66
38 years$1,061$686$430$263$158$58
39 years$1,022$653$403$243$143$51
40 years$986$621$378$224$130$45
41 years$951$591$354$207$118$39
42 years$918$563$332$191$107$34
43 years$887$536$312$176$97$30
44 years$857$511$293$162$88$27
45 years$828$488$275$150$80$23
46 years$801$465$258$139$73$20
47 years$775$444$243$128$66$18
48 years$750$424$228$118$60$16
49 years$727$405$214$109$54$14
50 years$704$387$201$101$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $721,000, adding $6,845 every year, while hoping to spend $57,994 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: 63/16/21 Blend
63$721,000$721,000$721,000$721,000
64$801,603$763,390$752,214$847,346
65$821,661$739,091$715,708$854,712
66$841,821$711,657$676,035$855,648
67$862,033$680,874$633,029$855,338
68$882,239$646,515$586,513$853,667
69$902,372$608,340$536,306$850,510
70$922,358$566,093$482,217$845,730
71$942,114$519,506$424,046$839,180
72$961,543$468,295$361,585$830,703
73$980,538$412,160$294,616$820,126
74$998,981$350,783$222,913$807,263
75$1,016,735$283,829$146,239$791,914
76$1,033,649$210,944$64,345$773,859
77$1,049,554$131,754$0$752,864
78$1,064,262$45,863$0$733,838
79$1,077,561$0$0$727,059
80$1,089,216$0$0$726,158
81$1,098,965$0$0$731,980
82$1,106,516$0$0$736,246
83$1,111,543$0$0$738,730
84$1,113,687$0$0$739,180
85$1,112,545$0$0$737,316
86$1,107,673$0$0$732,828
87$1,098,576$0$0$725,372
88$1,084,705$0$0$714,567
89$1,065,452$0$0$699,988
90$1,040,145$0$0$681,167
91$1,008,035$0$0$657,584
92$968,297$0$0$628,664
93$920,015$0$0$593,771
94$862,176$0$0$552,200
95$793,660$0$0$503,171
96$713,227$0$0$445,822
97$619,505$0$0$379,201
98$510,981$0$0$302,253
99$385,977$0$0$213,815
100$242,645$0$0$112,599