Can I retire at age 64 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$59,952$59,418$58,897$58,389$57,892$55,617
2 years$29,679$29,127$28,591$28,072$27,568$25,304
3 years$19,590$19,035$18,500$17,986$17,490$15,308
4 years$14,546$13,992$13,463$12,958$12,474$10,391
5 years$11,520$10,970$10,448$9,953$9,483$7,503
6 years$9,504$8,958$8,444$7,959$7,503$5,629
7 years$8,064$7,523$7,017$6,544$6,102$4,333
8 years$6,985$6,449$5,951$5,489$5,062$3,396
9 years$6,146$5,615$5,125$4,676$4,263$2,697
10 years$5,475$4,949$4,468$4,031$3,632$2,164
11 years$4,927$4,406$3,934$3,508$3,124$1,749
12 years$4,470$3,954$3,491$3,077$2,707$1,423
13 years$4,084$3,574$3,119$2,716$2,361$1,163
14 years$3,753$3,248$2,803$2,411$2,069$954
15 years$3,467$2,967$2,530$2,150$1,822$785
16 years$3,216$2,723$2,294$1,925$1,610$648
17 years$2,996$2,507$2,088$1,730$1,428$535
18 years$2,800$2,317$1,906$1,559$1,270$443
19 years$2,625$2,147$1,745$1,409$1,132$368
20 years$2,467$1,995$1,601$1,276$1,011$305
21 years$2,325$1,859$1,473$1,158$905$254
22 years$2,196$1,735$1,357$1,053$811$211
23 years$2,078$1,623$1,253$959$728$175
24 years$1,971$1,520$1,159$875$654$146
25 years$1,872$1,427$1,074$799$589$122
26 years$1,781$1,341$996$730$530$101
27 years$1,696$1,262$925$668$478$85
28 years$1,618$1,189$859$612$431$70
29 years$1,545$1,122$800$562$390$59
30 years$1,478$1,059$745$515$352$49
31 years$1,415$1,002$695$473$318$41
32 years$1,356$948$648$435$288$34
33 years$1,300$897$605$400$260$28
34 years$1,248$851$565$368$236$24
35 years$1,199$807$529$339$214$20
36 years$1,153$766$494$312$194$17
37 years$1,110$727$463$288$175$14
38 years$1,068$691$433$265$159$12
39 years$1,029$657$406$244$144$10
40 years$993$625$381$225$131$8
41 years$958$595$357$208$119$7
42 years$924$567$335$192$108$6
43 years$893$540$314$177$98$5
44 years$863$515$295$164$89$4
45 years$834$491$277$151$81$3
46 years$807$468$260$140$73$3
47 years$780$447$244$129$66$2
48 years$756$427$230$119$60$2
49 years$732$407$216$110$55$2
50 years$709$389$203$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $726,000, adding $6,895 every year, while hoping to spend $51,399 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: 71/19/10 Blend
63$726,000$726,000$726,000$726,000
64$807,164$768,686$757,433$862,424
65$834,807$751,664$728,119$882,888
66$863,546$732,084$696,100$898,309
67$893,440$709,769$661,232$913,798
68$924,550$684,527$623,362$929,351
69$956,943$656,157$582,334$944,962
70$990,690$624,447$537,980$960,628
71$1,025,867$589,172$490,130$976,346
72$1,062,558$550,093$438,601$992,116
73$1,100,850$506,960$383,205$1,007,936
74$1,140,840$459,504$323,746$1,023,810
75$1,182,632$407,446$260,018$1,039,741
76$1,226,338$350,488$191,806$1,055,735
77$1,272,079$288,317$118,886$1,071,802
78$1,319,986$220,599$41,023$1,087,954
79$1,370,201$146,985$0$1,104,207
80$1,422,879$67,104$0$1,125,072
81$1,478,186$0$0$1,151,048
82$1,536,306$0$0$1,181,877
83$1,597,435$0$0$1,229,071
84$1,661,789$0$0$1,278,767
85$1,729,602$0$0$1,331,150
86$1,801,128$0$0$1,386,416
87$1,876,646$0$0$1,444,784
88$1,956,459$0$0$1,506,489
89$2,040,896$0$0$1,571,790
90$2,130,320$0$0$1,640,968
91$2,225,125$0$0$1,714,332
92$2,325,742$0$0$1,792,216
93$2,432,641$0$0$1,874,991
94$2,546,339$0$0$1,963,057
95$2,667,400$0$0$2,056,856
96$2,796,440$0$0$2,156,870
97$2,934,138$0$0$2,263,626
98$3,081,233$0$0$2,377,705
99$3,238,538$0$0$2,499,741
100$3,406,943$0$0$2,630,428