Can I retire at age 64 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$59,870$59,337$58,816$58,308$57,813$56,692
2 years$29,639$29,087$28,552$28,033$27,530$26,405
3 years$19,563$19,008$18,475$17,961$17,466$16,373
4 years$14,526$13,973$13,445$12,940$12,457$11,403
5 years$11,504$10,955$10,434$9,939$9,470$8,458
6 years$9,491$8,946$8,432$7,948$7,493$6,526
7 years$8,053$7,513$7,007$6,535$6,094$5,170
8 years$6,975$6,440$5,943$5,482$5,055$4,176
9 years$6,138$5,607$5,118$4,669$4,257$3,421
10 years$5,468$4,942$4,462$4,025$3,627$2,833
11 years$4,920$4,400$3,929$3,503$3,120$2,367
12 years$4,464$3,949$3,486$3,073$2,704$1,991
13 years$4,078$3,569$3,115$2,713$2,358$1,684
14 years$3,748$3,244$2,799$2,408$2,067$1,432
15 years$3,462$2,963$2,527$2,147$1,820$1,221
16 years$3,212$2,719$2,291$1,923$1,608$1,045
17 years$2,992$2,504$2,085$1,728$1,426$897
18 years$2,796$2,314$1,903$1,557$1,268$771
19 years$2,621$2,144$1,742$1,407$1,130$664
20 years$2,464$1,993$1,599$1,274$1,009$573
21 years$2,322$1,856$1,471$1,156$903$496
22 years$2,193$1,733$1,355$1,051$810$429
23 years$2,076$1,620$1,252$958$727$371
24 years$1,968$1,518$1,157$873$653$322
25 years$1,869$1,425$1,072$798$588$279
26 years$1,778$1,339$994$729$530$242
27 years$1,694$1,260$923$668$477$211
28 years$1,616$1,188$858$612$431$183
29 years$1,543$1,120$799$561$389$159
30 years$1,476$1,058$744$515$351$138
31 years$1,413$1,000$694$473$318$120
32 years$1,354$946$647$434$287$105
33 years$1,298$896$604$400$260$91
34 years$1,246$849$565$368$236$79
35 years$1,198$806$528$338$213$69
36 years$1,151$765$494$312$193$60
37 years$1,108$726$462$287$175$52
38 years$1,067$690$433$265$159$46
39 years$1,028$656$405$244$144$40
40 years$991$624$380$225$131$35
41 years$956$594$356$208$119$30
42 years$923$566$334$192$108$26
43 years$891$539$314$177$98$23
44 years$861$514$294$163$89$20
45 years$833$490$276$151$80$17
46 years$805$468$260$139$73$15
47 years$779$446$244$129$66$13
48 years$754$426$229$119$60$12
49 years$731$407$215$110$55$10
50 years$708$389$203$102$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $725,000, adding $3,873 every year, while hoping to spend $35,266 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: 79/16/5 Blend
63$725,000$725,000$725,000$725,000
64$802,945$764,520$753,282$865,911
65$847,323$764,459$740,995$907,640
66$895,045$763,212$727,113$948,366
67$946,415$760,686$711,548$991,970
68$1,001,768$756,778$694,203$1,038,720
69$1,061,470$751,381$674,980$1,088,913
70$1,125,923$744,382$653,775$1,142,875
71$1,195,570$735,660$630,480$1,200,965
72$1,270,898$725,087$604,980$1,263,579
73$1,352,440$712,527$577,157$1,331,155
74$1,440,785$697,836$546,888$1,404,173
75$1,536,578$680,864$514,042$1,483,163
76$1,640,531$661,447$478,484$1,568,711
77$1,753,424$639,417$440,072$1,661,461
78$1,876,117$614,593$398,659$1,762,123
79$2,009,556$586,783$354,089$1,871,482
80$2,154,782$555,787$306,202$1,990,399
81$2,312,938$521,389$254,828$2,119,828
82$2,485,285$483,364$199,792$2,260,819
83$2,673,209$441,473$140,910$2,414,528
84$2,878,235$395,464$77,989$2,582,233
85$3,102,043$345,070$10,830$2,765,339
86$3,346,482$290,009$0$2,965,399
87$3,613,587$229,983$0$3,187,369
88$3,905,597$164,678$0$3,430,717
89$4,224,981$93,760$0$3,696,956
90$4,574,454$16,879$0$3,988,392
91$4,957,007$0$0$4,307,566
92$5,375,933$0$0$4,668,960
93$5,834,858$0$0$5,068,138
94$6,337,777$0$0$5,505,605
95$6,889,089$0$0$5,985,189
96$7,493,637$0$0$6,511,109
97$8,156,757$0$0$7,088,009
98$8,884,328$0$0$7,721,004
99$9,682,821$0$0$8,415,731
100$10,559,368$0$0$9,178,396