Can I retire at age 64 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$60,118$59,582$59,060$58,550$58,052$56,239
2 years$29,761$29,207$28,670$28,149$27,644$25,833
3 years$19,644$19,087$18,551$18,035$17,538$15,787
4 years$14,586$14,031$13,501$12,993$12,508$10,830
5 years$11,552$11,000$10,477$9,980$9,509$7,908
6 years$9,530$8,983$8,467$7,981$7,524$6,001
7 years$8,087$7,544$7,036$6,562$6,119$4,675
8 years$7,004$6,466$5,967$5,505$5,076$3,710
9 years$6,163$5,630$5,139$4,689$4,275$2,985
10 years$5,490$4,963$4,481$4,042$3,642$2,427
11 years$4,940$4,418$3,945$3,517$3,133$1,989
12 years$4,482$3,965$3,501$3,085$2,715$1,640
13 years$4,095$3,583$3,128$2,724$2,367$1,360
14 years$3,763$3,257$2,810$2,418$2,075$1,132
15 years$3,476$2,976$2,537$2,156$1,827$946
16 years$3,225$2,730$2,300$1,931$1,615$792
17 years$3,004$2,514$2,093$1,735$1,432$665
18 years$2,808$2,323$1,911$1,563$1,273$559
19 years$2,632$2,153$1,749$1,413$1,135$471
20 years$2,474$2,001$1,606$1,279$1,014$398
21 years$2,332$1,864$1,477$1,161$907$336
22 years$2,202$1,740$1,361$1,056$813$284
23 years$2,084$1,627$1,257$962$730$240
24 years$1,976$1,525$1,162$877$656$203
25 years$1,877$1,431$1,076$801$590$172
26 years$1,785$1,345$998$732$532$146
27 years$1,701$1,265$927$670$479$124
28 years$1,623$1,192$862$614$433$105
29 years$1,550$1,125$802$563$391$89
30 years$1,482$1,062$747$517$353$76
31 years$1,419$1,004$696$475$319$64
32 years$1,359$950$650$436$289$54
33 years$1,304$900$607$401$261$46
34 years$1,252$853$567$369$236$39
35 years$1,202$809$530$340$214$33
36 years$1,156$768$496$313$194$28
37 years$1,113$729$464$288$176$24
38 years$1,071$693$435$266$159$20
39 years$1,032$659$407$245$145$17
40 years$995$627$382$226$131$15
41 years$960$597$358$209$119$12
42 years$927$568$336$192$108$11
43 years$895$542$315$178$98$9
44 years$865$516$296$164$89$8
45 years$836$492$278$151$81$7
46 years$809$470$261$140$73$6
47 years$783$448$245$129$67$5
48 years$758$428$230$119$60$4
49 years$734$409$216$110$55$3
50 years$711$390$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $728,000, adding $2,892 every year, while hoping to spend $31,368 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: 53/17/30 Blend
63$728,000$728,000$728,000$728,000
64$805,239$766,655$755,371$841,012
65$853,998$770,846$747,301$870,369
66$906,679$774,191$737,909$898,899
67$963,650$776,615$727,118$929,338
68$1,025,312$778,039$714,846$961,883
69$1,092,111$778,380$701,010$996,752
70$1,164,532$777,547$685,520$1,034,185
71$1,243,113$775,445$668,284$1,074,451
72$1,328,443$771,974$649,204$1,117,846
73$1,421,170$767,027$628,178$1,164,698
74$1,522,008$760,490$605,101$1,215,370
75$1,631,742$752,243$579,860$1,270,265
76$1,751,235$742,158$552,341$1,329,829
77$1,881,437$730,101$522,421$1,394,555
78$2,023,395$715,927$489,973$1,464,990
79$2,178,259$699,485$454,865$1,541,736
80$2,347,296$680,614$416,958$1,625,464
81$2,531,901$659,145$376,107$1,716,911
82$2,733,609$634,897$332,160$1,816,896
83$2,954,110$607,680$284,961$1,926,322
84$3,195,265$577,292$234,342$2,046,191
85$3,459,122$543,519$180,133$2,177,606
86$3,747,938$506,137$122,153$2,321,791
87$4,064,196$464,907$60,214$2,480,094
88$4,410,633$419,576$0$2,654,008
89$4,790,261$369,879$0$2,847,067
90$5,206,398$315,533$0$3,079,899
91$5,662,699$256,242$0$3,335,290
92$6,163,187$191,691$0$3,615,534
93$6,712,296$121,548$0$3,923,161
94$7,314,909$45,462$0$4,260,959
95$7,976,404$0$0$4,632,004
96$8,702,705$0$0$5,046,594
97$9,500,340$0$0$5,511,317
98$10,376,498$0$0$6,021,866
99$11,339,097$0$0$6,582,865
100$12,396,864$0$0$7,199,409