Can I retire at age 64 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$61,026$60,482$59,952$59,434$58,929$58,386
2 years$30,211$29,648$29,103$28,574$28,061$27,515
3 years$19,941$19,375$18,832$18,308$17,803$17,270
4 years$14,806$14,243$13,705$13,190$12,697$12,181
5 years$11,727$11,167$10,635$10,131$9,652$9,154
6 years$9,674$9,118$8,595$8,102$7,638$7,158
7 years$8,209$7,658$7,142$6,661$6,211$5,752
8 years$7,110$6,564$6,057$5,588$5,153$4,712
9 years$6,256$5,715$5,217$4,759$4,340$3,918
10 years$5,573$5,038$4,548$4,103$3,698$3,295
11 years$5,015$4,485$4,004$3,571$3,180$2,796
12 years$4,550$4,025$3,554$3,132$2,756$2,390
13 years$4,157$3,638$3,175$2,765$2,403$2,055
14 years$3,820$3,307$2,853$2,454$2,106$1,776
15 years$3,529$3,021$2,576$2,189$1,855$1,541
16 years$3,274$2,771$2,335$1,960$1,639$1,342
17 years$3,049$2,552$2,125$1,761$1,453$1,172
18 years$2,850$2,358$1,940$1,587$1,292$1,026
19 years$2,672$2,186$1,776$1,434$1,152$901
20 years$2,512$2,031$1,630$1,299$1,029$792
21 years$2,367$1,892$1,499$1,179$921$697
22 years$2,235$1,766$1,382$1,072$825$615
23 years$2,116$1,652$1,276$976$741$543
24 years$2,006$1,548$1,180$890$666$480
25 years$1,905$1,452$1,093$813$599$425
26 years$1,812$1,365$1,013$743$540$376
27 years$1,727$1,285$941$680$487$333
28 years$1,647$1,210$875$623$439$295
29 years$1,573$1,142$814$572$396$262
30 years$1,504$1,078$758$525$358$233
31 years$1,440$1,019$707$482$324$207
32 years$1,380$965$660$443$293$184
33 years$1,323$913$616$407$265$163
34 years$1,270$866$575$375$240$145
35 years$1,221$821$538$345$217$129
36 years$1,174$779$503$318$197$115
37 years$1,129$740$471$293$179$102
38 years$1,088$704$441$270$162$91
39 years$1,048$669$413$249$147$81
40 years$1,010$636$387$229$133$72
41 years$975$606$363$212$121$64
42 years$941$577$341$195$110$57
43 years$909$550$320$180$99$51
44 years$878$524$300$167$90$45
45 years$849$500$282$154$82$40
46 years$821$477$265$142$74$36
47 years$794$455$249$131$68$32
48 years$769$434$234$121$61$28
49 years$745$415$220$112$56$25
50 years$722$396$206$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $739,000, adding $6,528 every year, while hoping to spend $54,302 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: 29/47/24 Blend
63$739,000$739,000$739,000$739,000
64$821,112$781,945$770,490$838,637
65$847,088$762,483$738,525$833,327
66$873,894$740,248$703,668$822,396
67$901,557$715,046$665,767$809,524
68$930,105$686,672$624,660$794,580
69$959,568$654,911$580,178$777,424
70$989,976$619,534$532,145$757,910
71$1,021,360$580,297$480,378$735,884
72$1,053,752$536,946$424,685$711,181
73$1,087,188$489,209$364,865$683,630
74$1,121,702$436,801$300,708$653,049
75$1,157,330$379,418$231,997$619,247
76$1,194,110$316,742$158,501$582,021
77$1,232,082$248,436$79,984$541,158
78$1,271,286$174,141$0$496,435
79$1,311,766$93,483$0$448,590
80$1,353,565$6,062$0$418,321
81$1,396,730$0$0$384,931
82$1,441,308$0$0$394,008
83$1,487,349$0$0$406,624
84$1,534,907$0$0$419,658
85$1,584,034$0$0$433,126
86$1,634,788$0$0$447,043
87$1,687,228$0$0$461,427
88$1,741,416$0$0$476,294
89$1,797,418$0$0$491,664
90$1,855,300$0$0$507,555
91$1,915,135$0$0$523,988
92$1,976,996$0$0$540,984
93$2,040,963$0$0$558,566
94$2,107,117$0$0$576,756
95$2,175,545$0$0$595,581
96$2,246,338$0$0$615,065
97$2,319,592$0$0$635,236
98$2,395,408$0$0$656,125
99$2,473,892$0$0$677,761
100$2,555,158$0$0$700,177