Can I retire at age 64 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$60,448$59,909$59,384$58,871$58,371$57,594
2 years$29,925$29,367$28,827$28,304$27,796$27,014
3 years$19,752$19,192$18,653$18,134$17,635$16,873
4 years$14,666$14,108$13,575$13,065$12,577$11,841
5 years$11,616$11,061$10,535$10,035$9,561$8,852
6 years$9,583$9,032$8,513$8,025$7,565$6,885
7 years$8,131$7,585$7,075$6,598$6,153$5,501
8 years$7,043$6,502$6,000$5,535$5,104$4,482
9 years$6,197$5,661$5,168$4,714$4,298$3,704
10 years$5,520$4,990$4,505$4,064$3,662$3,097
11 years$4,967$4,442$3,966$3,537$3,150$2,611
12 years$4,507$3,987$3,520$3,102$2,730$2,218
13 years$4,118$3,603$3,145$2,739$2,380$1,895
14 years$3,784$3,275$2,826$2,431$2,087$1,627
15 years$3,495$2,992$2,551$2,168$1,837$1,402
16 years$3,243$2,745$2,313$1,941$1,624$1,212
17 years$3,021$2,528$2,105$1,744$1,440$1,052
18 years$2,823$2,336$1,921$1,572$1,280$914
19 years$2,647$2,165$1,759$1,420$1,141$796
20 years$2,488$2,012$1,614$1,286$1,019$695
21 years$2,344$1,874$1,485$1,168$912$608
22 years$2,214$1,749$1,369$1,062$817$532
23 years$2,096$1,636$1,264$967$734$466
24 years$1,987$1,533$1,169$882$660$409
25 years$1,887$1,439$1,082$805$594$359
26 years$1,795$1,352$1,004$736$535$315
27 years$1,710$1,272$932$674$482$277
28 years$1,631$1,199$867$617$435$244
29 years$1,558$1,131$806$566$393$215
30 years$1,490$1,068$751$520$355$189
31 years$1,426$1,010$700$477$321$166
32 years$1,367$955$653$439$290$147
33 years$1,311$905$610$403$263$129
34 years$1,258$858$570$371$238$114
35 years$1,209$813$533$342$215$100
36 years$1,163$772$499$315$195$89
37 years$1,119$733$467$290$177$78
38 years$1,077$697$437$267$160$69
39 years$1,038$663$409$246$145$61
40 years$1,001$630$384$227$132$54
41 years$965$600$360$210$120$47
42 years$932$572$338$194$109$42
43 years$900$545$317$179$99$37
44 years$870$519$297$165$89$33
45 years$841$495$279$152$81$29
46 years$813$472$262$141$74$25
47 years$787$451$246$130$67$22
48 years$762$430$231$120$61$20
49 years$738$411$218$111$55$18
50 years$715$392$205$103$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $732,000, adding $2,553 every year, while hoping to spend $25,676 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: 36/48/16 Blend
63$732,000$732,000$732,000$732,000
64$809,297$770,501$759,155$834,389
65$864,527$780,937$757,268$863,206
66$924,529$791,023$754,457$891,681
67$989,763$800,716$750,664$921,872
68$1,060,736$809,968$745,828$953,948
69$1,138,004$818,729$739,886$988,092
70$1,222,179$826,946$732,771$1,024,510
71$1,313,935$834,559$724,412$1,063,429
72$1,414,013$841,510$714,737$1,105,100
73$1,523,230$847,732$703,668$1,149,801
74$1,642,485$853,155$691,126$1,197,841
75$1,772,765$857,707$677,026$1,249,561
76$1,915,161$861,309$661,280$1,305,339
77$2,070,871$863,876$643,797$1,365,593
78$2,241,215$865,321$624,479$1,430,787
79$2,427,646$865,549$603,226$1,501,433
80$2,631,764$864,459$579,932$1,578,097
81$2,855,332$861,946$554,488$1,661,408
82$3,100,291$857,896$526,778$1,752,059
83$3,368,777$852,189$496,682$1,850,819
84$3,663,145$844,699$464,074$1,958,536
85$3,985,988$835,291$428,822$2,076,149
86$4,340,160$823,822$390,789$2,204,697
87$4,728,807$810,140$349,831$2,345,328
88$5,155,393$794,085$305,799$2,499,310
89$5,623,736$775,487$258,535$2,668,046
90$6,138,037$754,167$207,876$2,853,086
91$6,702,929$729,933$153,652$3,056,144
92$7,323,513$702,585$95,684$3,279,112
93$8,005,407$671,908$33,786$3,524,082
94$8,754,805$637,677$0$3,793,364
95$9,578,525$599,653$0$4,095,020
96$10,484,083$557,585$0$4,432,873
97$11,479,757$511,204$0$4,804,298
98$12,574,669$460,229$0$5,212,773
99$13,778,866$404,362$0$5,662,133
100$15,103,422$343,287$0$6,156,612