Can I retire at age 64 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$61,356$60,810$60,277$59,756$59,248$58,099
2 years$30,374$29,809$29,260$28,729$28,213$27,061
3 years$20,048$19,480$18,933$18,407$17,900$16,779
4 years$14,886$14,320$13,779$13,261$12,766$11,686
5 years$11,790$11,227$10,693$10,186$9,705$8,668
6 years$9,727$9,168$8,641$8,146$7,679$6,688
7 years$8,253$7,699$7,181$6,697$6,245$5,299
8 years$7,149$6,600$6,090$5,618$5,181$4,279
9 years$6,290$5,746$5,245$4,785$4,363$3,506
10 years$5,603$5,065$4,573$4,125$3,718$2,904
11 years$5,042$4,509$4,026$3,590$3,197$2,426
12 years$4,575$4,047$3,573$3,149$2,771$2,041
13 years$4,179$3,657$3,192$2,780$2,416$1,726
14 years$3,841$3,324$2,868$2,468$2,118$1,467
15 years$3,548$3,037$2,590$2,201$1,865$1,251
16 years$3,292$2,786$2,348$1,971$1,648$1,071
17 years$3,066$2,566$2,136$1,771$1,461$919
18 years$2,865$2,371$1,950$1,596$1,299$790
19 years$2,686$2,198$1,785$1,442$1,158$681
20 years$2,525$2,042$1,639$1,306$1,034$588
21 years$2,380$1,902$1,507$1,185$926$508
22 years$2,248$1,776$1,389$1,078$830$439
23 years$2,127$1,661$1,283$981$745$381
24 years$2,017$1,556$1,186$895$669$330
25 years$1,916$1,460$1,099$817$602$286
26 years$1,822$1,372$1,019$747$543$248
27 years$1,736$1,292$946$684$489$216
28 years$1,656$1,217$880$627$441$188
29 years$1,582$1,148$819$575$399$163
30 years$1,512$1,084$762$527$360$142
31 years$1,448$1,025$711$484$326$123
32 years$1,387$970$663$445$295$107
33 years$1,331$918$619$409$267$93
34 years$1,277$870$579$377$241$81
35 years$1,227$826$541$347$219$71
36 years$1,180$784$506$319$198$62
37 years$1,136$744$474$294$180$54
38 years$1,093$707$444$271$163$47
39 years$1,054$673$416$250$148$41
40 years$1,016$640$389$231$134$36
41 years$980$609$365$213$121$31
42 years$946$580$343$196$110$27
43 years$914$553$321$181$100$24
44 years$883$527$302$167$91$20
45 years$853$502$283$155$82$18
46 years$825$479$266$143$75$16
47 years$799$457$250$132$68$14
48 years$773$437$235$122$62$12
49 years$749$417$221$113$56$10
50 years$725$398$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $743,000, adding $2,525 every year, while hoping to spend $28,841 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: 61/31/8 Blend
63$743,000$743,000$743,000$743,000
64$821,391$782,012$770,495$869,953
65$874,486$789,644$765,620$910,390
66$932,030$796,683$759,615$950,943
67$994,447$803,070$752,412$994,462
68$1,062,202$808,742$743,939$1,041,234
69$1,135,807$813,630$734,121$1,091,576
70$1,215,825$817,664$722,880$1,145,836
71$1,302,876$820,767$710,134$1,204,399
72$1,397,643$822,857$695,796$1,267,690
73$1,500,874$823,849$679,778$1,336,179
74$1,613,396$823,651$661,983$1,410,382
75$1,736,118$822,165$642,315$1,490,871
76$1,870,039$819,289$620,670$1,578,276
77$2,016,261$814,911$596,939$1,673,292
78$2,175,994$808,917$571,012$1,776,688
79$2,350,574$801,182$542,769$1,889,309
80$2,541,469$791,576$512,088$2,012,092
81$2,750,296$779,961$478,840$2,146,066
82$2,978,835$766,188$442,891$2,292,371
83$3,229,048$750,103$404,099$2,452,262
84$3,503,093$731,540$362,319$2,627,125
85$3,803,348$710,325$317,396$2,818,490
86$4,132,432$686,274$269,171$3,028,042
87$4,493,228$659,189$217,477$3,257,643
88$4,888,914$628,866$162,138$3,509,347
89$5,322,986$595,083$102,973$3,785,420
90$5,799,299$557,611$39,791$4,088,361
91$6,322,097$516,203$0$4,420,927
92$6,896,056$470,602$0$4,788,518
93$7,526,325$420,533$0$5,195,910
94$8,218,578$365,707$0$5,643,421
95$8,979,065$305,818$0$6,135,154
96$9,814,670$240,544$0$6,675,632
97$10,732,979$169,543$0$7,269,843
98$11,742,348$92,456$0$7,923,285
99$12,851,982$8,901$0$8,642,026
100$14,072,024$0$0$9,432,750