Can I retire at age 64 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$61,769$61,219$60,682$60,158$59,647$58,975
2 years$30,579$30,009$29,457$28,922$28,403$27,727
3 years$20,183$19,611$19,061$18,531$18,020$17,360
4 years$14,987$14,416$13,871$13,350$12,852$12,214
5 years$11,869$11,303$10,765$10,254$9,770$9,155
6 years$9,792$9,229$8,700$8,200$7,731$7,140
7 years$8,309$7,751$7,229$6,742$6,287$5,721
8 years$7,197$6,644$6,131$5,656$5,216$4,674
9 years$6,332$5,785$5,281$4,817$4,392$3,875
10 years$5,641$5,099$4,604$4,153$3,743$3,249
11 years$5,076$4,539$4,053$3,614$3,219$2,748
12 years$4,605$4,074$3,597$3,170$2,789$2,342
13 years$4,208$3,682$3,214$2,799$2,432$2,007
14 years$3,867$3,347$2,888$2,484$2,132$1,729
15 years$3,572$3,057$2,607$2,216$1,877$1,495
16 years$3,314$2,805$2,364$1,984$1,659$1,297
17 years$3,087$2,583$2,151$1,782$1,471$1,129
18 years$2,885$2,387$1,963$1,606$1,308$985
19 years$2,704$2,212$1,797$1,451$1,166$861
20 years$2,542$2,056$1,650$1,315$1,041$755
21 years$2,396$1,915$1,517$1,193$932$662
22 years$2,263$1,788$1,398$1,085$835$582
23 years$2,141$1,672$1,291$988$750$512
24 years$2,030$1,566$1,194$901$674$450
25 years$1,928$1,470$1,106$823$606$397
26 years$1,834$1,382$1,026$752$546$350
27 years$1,748$1,300$953$689$493$309
28 years$1,667$1,225$886$631$444$273
29 years$1,592$1,156$824$579$401$241
30 years$1,523$1,092$768$531$363$213
31 years$1,458$1,032$716$488$328$189
32 years$1,397$976$668$448$297$167
33 years$1,340$925$623$412$268$148
34 years$1,286$876$582$379$243$131
35 years$1,236$831$545$349$220$116
36 years$1,188$789$509$322$199$103
37 years$1,143$749$477$296$181$91
38 years$1,101$712$447$273$164$81
39 years$1,061$677$418$252$149$71
40 years$1,023$644$392$232$135$63
41 years$987$613$368$214$122$56
42 years$952$584$345$198$111$50
43 years$920$556$324$183$101$44
44 years$889$530$304$169$91$39
45 years$859$506$285$156$83$35
46 years$831$483$268$144$75$31
47 years$804$460$252$133$68$27
48 years$778$440$237$123$62$24
49 years$754$420$222$113$56$21
50 years$730$401$209$105$51$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $748,000, adding $6,182 every year, while hoping to spend $28,517 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: 40/38/22 Blend
63$748,000$748,000$748,000$748,000
64$830,673$791,029$779,435$858,275
65$885,059$799,447$775,204$887,095
66$944,038$807,323$769,876$915,084
67$1,008,046$814,598$763,383$944,788
68$1,077,567$821,213$755,656$976,381
69$1,153,129$827,103$746,621$1,010,052
70$1,235,317$832,199$736,201$1,046,015
71$1,324,771$836,430$724,317$1,084,506
72$1,422,199$839,716$710,882$1,125,784
73$1,528,377$841,976$695,811$1,170,141
74$1,644,161$843,121$679,009$1,217,896
75$1,770,491$843,060$660,381$1,269,407
76$1,908,403$841,692$639,826$1,325,067
77$2,059,037$838,912$617,238$1,385,312
78$2,223,650$834,610$592,506$1,450,628
79$2,403,623$828,666$565,516$1,521,550
80$2,600,478$820,956$536,146$1,598,670
81$2,815,890$811,346$504,270$1,682,647
82$3,051,704$799,695$469,756$1,774,208
83$3,309,952$785,855$432,467$1,874,156
84$3,592,870$769,665$392,259$1,983,382
85$3,902,924$750,959$348,980$2,102,872
86$4,242,826$729,560$302,474$2,233,715
87$4,615,564$705,279$252,578$2,377,117
88$5,024,431$677,917$199,119$2,534,410
89$5,473,052$647,264$141,918$2,707,068
90$5,965,421$613,097$80,789$2,896,720
91$6,505,935$575,180$15,537$3,105,166
92$7,099,442$533,265$0$3,334,399
93$7,751,278$487,088$0$3,599,315
94$8,467,323$436,371$0$3,894,365
95$9,254,056$380,819$0$4,218,636
96$10,118,612$320,121$0$4,575,148
97$11,068,853$253,950$0$4,967,235
98$12,113,441$181,958$0$5,398,578
99$13,261,916$103,778$0$5,873,235
100$14,524,792$19,024$0$6,395,685