Can I retire at age 64 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$61,852$61,301$60,763$60,239$59,726$58,858
2 years$30,620$30,049$29,497$28,961$28,441$27,568
3 years$20,210$19,638$19,086$18,556$18,044$17,194
4 years$15,007$14,436$13,890$13,368$12,869$12,048
5 years$11,885$11,318$10,779$10,268$9,783$8,993
6 years$9,805$9,242$8,711$8,211$7,741$6,983
7 years$8,320$7,761$7,239$6,751$6,295$5,570
8 years$7,206$6,653$6,139$5,663$5,223$4,530
9 years$6,341$5,792$5,288$4,824$4,398$3,738
10 years$5,649$5,106$4,610$4,158$3,748$3,119
11 years$5,083$4,545$4,059$3,619$3,223$2,625
12 years$4,612$4,080$3,602$3,174$2,793$2,226
13 years$4,213$3,687$3,218$2,802$2,436$1,898
14 years$3,872$3,351$2,891$2,488$2,135$1,626
15 years$3,577$3,061$2,611$2,219$1,880$1,398
16 years$3,318$2,809$2,367$1,986$1,661$1,207
17 years$3,091$2,587$2,154$1,785$1,473$1,044
18 years$2,889$2,390$1,966$1,608$1,310$906
19 years$2,708$2,215$1,800$1,453$1,167$788
20 years$2,546$2,059$1,652$1,316$1,043$686
21 years$2,399$1,917$1,519$1,195$933$598
22 years$2,266$1,790$1,400$1,086$836$522
23 years$2,144$1,674$1,293$989$751$457
24 years$2,033$1,568$1,196$902$675$400
25 years$1,931$1,472$1,108$824$607$350
26 years$1,837$1,383$1,027$753$547$307
27 years$1,750$1,302$954$690$493$269
28 years$1,669$1,227$887$632$445$236
29 years$1,594$1,157$825$579$402$207
30 years$1,525$1,093$769$532$363$182
31 years$1,459$1,033$717$488$328$160
32 years$1,399$978$669$449$297$141
33 years$1,341$926$624$413$269$124
34 years$1,288$878$583$380$243$109
35 years$1,237$832$545$350$220$96
36 years$1,190$790$510$322$200$84
37 years$1,145$750$477$297$181$74
38 years$1,102$713$447$273$164$65
39 years$1,062$678$419$252$149$57
40 years$1,024$645$393$233$135$50
41 years$988$614$368$215$122$44
42 years$954$585$345$198$111$39
43 years$921$557$324$183$101$34
44 years$890$531$304$169$92$30
45 years$860$506$286$156$83$27
46 years$832$483$268$144$75$24
47 years$805$461$252$133$68$21
48 years$779$440$237$123$62$18
49 years$755$420$223$114$56$16
50 years$731$402$209$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $749,000, adding $4,029 every year, while hoping to spend $29,348 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: 75/17/8 Blend
63$749,000$749,000$749,000$749,000
64$829,554$789,857$778,247$890,463
65$882,942$797,334$773,093$938,592
66$940,793$804,194$766,782$987,193
67$1,003,529$810,375$759,245$1,039,613
68$1,071,619$815,812$750,408$1,096,219
69$1,145,573$820,437$740,197$1,157,418
70$1,225,958$824,174$728,529$1,223,655
71$1,313,393$826,946$715,323$1,295,423
72$1,408,562$828,669$700,489$1,373,265
73$1,512,216$829,255$683,936$1,457,777
74$1,625,182$828,608$665,567$1,549,620
75$1,748,370$826,630$645,283$1,649,519
76$1,882,782$823,213$622,979$1,758,274
77$2,029,521$818,245$598,543$1,876,769
78$2,189,799$811,607$571,862$2,005,974
79$2,364,955$803,171$542,815$2,146,963
80$2,556,457$792,804$511,277$2,300,916
81$2,765,927$780,362$477,116$2,469,137
82$2,995,147$765,695$440,194$2,653,060
83$3,246,080$748,643$400,370$2,854,269
84$3,520,891$729,036$357,492$3,074,508
85$3,821,958$706,696$311,405$3,315,701
86$4,151,905$681,432$261,944$3,579,968
87$4,513,621$653,043$208,941$3,869,646
88$4,910,285$621,317$152,215$4,187,312
89$5,345,402$586,029$91,582$4,535,806
90$5,822,830$546,942$26,847$4,918,259
91$6,346,821$503,804$0$5,338,122
92$6,922,055$456,348$0$5,802,807
93$7,553,690$404,295$0$6,315,582
94$8,247,408$347,348$0$6,878,796
95$9,009,468$285,192$0$7,497,566
96$9,846,763$217,496$0$8,177,530
97$10,766,890$143,910$0$8,924,905
98$11,778,217$64,066$0$9,746,541
99$12,889,961$0$0$10,649,986
100$14,112,280$0$0$11,647,758