Can I retire at age 64 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$60,530$59,991$59,465$58,952$58,450$57,506
2 years$29,966$29,407$28,867$28,342$27,834$26,884
3 years$19,779$19,218$18,679$18,159$17,659$16,735
4 years$14,686$14,127$13,593$13,083$12,594$11,703
5 years$11,631$11,076$10,549$10,049$9,574$8,717
6 years$9,596$9,044$8,525$8,036$7,576$6,754
7 years$8,142$7,595$7,084$6,607$6,161$5,376
8 years$7,052$6,511$6,008$5,542$5,111$4,362
9 years$6,205$5,669$5,175$4,721$4,304$3,590
10 years$5,528$4,997$4,512$4,069$3,667$2,988
11 years$4,974$4,448$3,972$3,542$3,154$2,509
12 years$4,513$3,993$3,525$3,106$2,733$2,122
13 years$4,123$3,608$3,149$2,743$2,384$1,804
14 years$3,789$3,280$2,830$2,435$2,089$1,542
15 years$3,500$2,996$2,555$2,171$1,840$1,322
16 years$3,247$2,749$2,316$1,944$1,626$1,138
17 years$3,025$2,532$2,108$1,747$1,442$982
18 years$2,827$2,339$1,924$1,574$1,282$849
19 years$2,650$2,168$1,761$1,422$1,143$736
20 years$2,491$2,015$1,617$1,288$1,021$639
21 years$2,348$1,877$1,487$1,169$913$556
22 years$2,217$1,752$1,370$1,063$819$484
23 years$2,098$1,638$1,265$968$735$422
24 years$1,990$1,535$1,170$883$660$368
25 years$1,890$1,441$1,084$806$594$321
26 years$1,798$1,354$1,005$737$535$281
27 years$1,713$1,274$933$675$483$245
28 years$1,634$1,201$868$618$436$215
29 years$1,560$1,133$808$567$393$188
30 years$1,492$1,070$752$520$355$164
31 years$1,428$1,011$701$478$321$144
32 years$1,369$957$654$439$291$126
33 years$1,313$906$611$404$263$111
34 years$1,260$859$571$372$238$97
35 years$1,211$815$534$342$216$85
36 years$1,164$773$499$315$195$74
37 years$1,120$734$467$290$177$65
38 years$1,079$698$438$268$161$57
39 years$1,039$664$410$247$146$50
40 years$1,002$631$384$228$132$44
41 years$967$601$360$210$120$39
42 years$933$572$338$194$109$34
43 years$901$545$317$179$99$30
44 years$871$520$298$165$90$26
45 years$842$496$280$153$81$23
46 years$814$473$263$141$74$20
47 years$788$451$247$130$67$18
48 years$763$431$232$120$61$16
49 years$739$411$218$111$55$14
50 years$716$393$205$103$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $733,000, adding $2,670 every year, while hoping to spend $36,955 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: 73/20/7 Blend
63$733,000$733,000$733,000$733,000
64$810,520$771,671$760,310$868,694
65$853,873$770,163$746,460$905,895
66$900,410$767,343$730,908$941,722
67$950,416$763,107$713,558$979,917
68$1,004,204$757,345$694,308$1,020,700
69$1,062,120$749,942$673,054$1,064,318
70$1,124,541$740,773$649,686$1,111,041
71$1,191,882$729,710$624,089$1,161,166
72$1,264,601$716,612$596,142$1,215,025
73$1,343,198$701,333$565,721$1,272,980
74$1,428,224$683,719$532,692$1,335,433
75$1,520,286$663,604$496,920$1,402,826
76$1,620,049$640,814$458,261$1,475,650
77$1,728,246$615,166$416,565$1,554,443
78$1,845,681$586,464$371,674$1,639,802
79$1,973,242$554,502$323,426$1,732,384
80$2,111,902$519,061$271,650$1,832,914
81$2,262,732$479,912$216,167$1,942,195
82$2,426,914$436,810$156,791$2,061,110
83$2,605,743$389,498$93,328$2,190,635
84$2,800,648$337,703$25,574$2,331,848
85$3,013,201$281,137$0$2,485,937
86$3,245,131$219,496$0$2,657,704
87$3,498,342$152,460$0$2,847,372
88$3,774,931$79,688$0$3,054,644
89$4,077,204$823$0$3,281,300
90$4,407,701$0$0$3,529,306
91$4,769,220$0$0$3,819,426
92$5,164,839$0$0$4,137,144
93$5,597,951$0$0$4,485,005
94$6,072,288$0$0$4,866,013
95$6,591,963$0$0$5,283,475
96$7,161,504$0$0$5,741,034
97$7,785,899$0$0$6,242,702
98$8,470,641$0$0$6,792,896
99$9,221,779$0$0$7,396,483
100$10,045,979$0$0$8,058,823