Can I retire at age 64 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,943$60,400$59,871$59,354$58,849$57,520
2 years$30,170$29,608$29,064$28,536$28,023$26,691
3 years$19,914$19,349$18,806$18,283$17,779$16,486
4 years$14,786$14,224$13,686$13,172$12,680$11,436
5 years$11,711$11,152$10,621$10,117$9,639$8,447
6 years$9,661$9,106$8,583$8,091$7,627$6,488
7 years$8,198$7,647$7,133$6,652$6,203$5,118
8 years$7,100$6,555$6,049$5,580$5,146$4,114
9 years$6,248$5,707$5,210$4,753$4,334$3,354
10 years$5,566$5,031$4,542$4,097$3,693$2,765
11 years$5,008$4,479$3,999$3,566$3,176$2,298
12 years$4,544$4,020$3,549$3,128$2,752$1,923
13 years$4,151$3,633$3,171$2,761$2,400$1,618
14 years$3,815$3,302$2,849$2,451$2,104$1,368
15 years$3,524$3,016$2,572$2,186$1,852$1,160
16 years$3,270$2,768$2,332$1,957$1,637$987
17 years$3,045$2,549$2,122$1,759$1,451$842
18 years$2,846$2,355$1,937$1,585$1,291$720
19 years$2,668$2,183$1,773$1,432$1,150$617
20 years$2,508$2,028$1,628$1,297$1,027$529
21 years$2,364$1,889$1,497$1,177$919$454
22 years$2,232$1,764$1,380$1,070$824$391
23 years$2,113$1,649$1,274$975$740$336
24 years$2,003$1,545$1,178$889$665$290
25 years$1,903$1,450$1,091$812$598$250
26 years$1,810$1,363$1,012$742$539$215
27 years$1,724$1,283$940$679$486$186
28 years$1,645$1,209$874$623$438$161
29 years$1,571$1,140$813$571$396$139
30 years$1,502$1,077$757$524$358$120
31 years$1,438$1,018$706$481$323$104
32 years$1,378$963$659$442$293$90
33 years$1,322$912$615$407$265$77
34 years$1,269$865$575$374$240$67
35 years$1,219$820$537$344$217$58
36 years$1,172$778$503$317$197$50
37 years$1,128$739$470$292$178$43
38 years$1,086$703$441$269$162$37
39 years$1,046$668$413$248$147$32
40 years$1,009$636$387$229$133$28
41 years$973$605$363$211$121$24
42 years$940$576$340$195$109$21
43 years$907$549$319$180$99$18
44 years$877$523$300$166$90$16
45 years$848$499$281$154$82$14
46 years$820$476$264$142$74$12
47 years$793$454$248$131$67$10
48 years$768$434$233$121$61$9
49 years$744$414$219$112$56$8
50 years$721$396$206$103$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $738,000, adding $6,811 every year, while hoping to spend $25,247 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: 54/41/5 Blend
63$738,000$738,000$738,000$738,000
64$820,302$781,188$769,749$863,363
65$877,110$792,603$768,673$904,627
66$938,866$803,732$766,714$946,127
67$1,006,049$814,533$763,818$990,669
68$1,079,184$824,963$759,924$1,038,544
69$1,158,850$834,976$754,970$1,090,073
70$1,245,684$844,521$748,893$1,145,611
71$1,340,387$853,546$741,625$1,205,549
72$1,443,731$861,994$733,093$1,270,318
73$1,556,564$869,804$723,225$1,340,393
74$1,679,822$876,913$711,941$1,416,299
75$1,814,534$883,252$699,161$1,498,614
76$1,961,832$888,747$684,798$1,587,978
77$2,122,964$893,321$668,765$1,685,095
78$2,299,305$896,892$650,966$1,790,742
79$2,492,365$899,371$631,305$1,905,777
80$2,703,812$900,665$609,679$2,031,144
81$2,935,479$900,676$585,981$2,167,888
82$3,189,386$899,297$560,100$2,317,159
83$3,467,757$896,417$531,918$2,480,228
84$3,773,044$891,917$501,313$2,658,494
85$4,107,945$885,672$468,157$2,853,505
86$4,475,432$877,546$432,317$3,066,963
87$4,878,780$867,400$393,653$3,300,751
88$5,321,596$855,082$352,021$3,556,941
89$5,807,852$840,434$307,266$3,837,822
90$6,341,924$823,287$259,231$4,145,918
91$6,928,635$803,463$207,750$4,484,012
92$7,573,295$780,772$152,649$4,855,176
93$8,281,755$755,014$93,747$5,262,794
94$9,060,462$725,977$30,855$5,710,604
95$9,916,517$693,438$0$6,202,724
96$10,857,744$657,159$0$6,745,632
97$11,892,763$616,888$0$7,344,287
98$13,031,071$572,362$0$8,002,578
99$14,283,131$523,299$0$8,726,613
100$15,660,473$469,404$0$9,523,122