Can I retire at age 64 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$61,934$61,383$60,844$60,319$59,806$58,527
2 years$30,661$30,090$29,536$29,000$28,479$27,196
3 years$20,237$19,664$19,112$18,580$18,068$16,822
4 years$15,027$14,455$13,909$13,386$12,886$11,687
5 years$11,901$11,333$10,794$10,282$9,796$8,646
6 years$9,818$9,254$8,723$8,222$7,751$6,652
7 years$8,331$7,772$7,249$6,760$6,304$5,256
8 years$7,216$6,662$6,147$5,671$5,230$4,233
9 years$6,349$5,800$5,295$4,830$4,404$3,457
10 years$5,656$5,113$4,616$4,164$3,753$2,855
11 years$5,090$4,551$4,064$3,624$3,227$2,377
12 years$4,618$4,085$3,607$3,179$2,797$1,993
13 years$4,219$3,692$3,222$2,806$2,439$1,681
14 years$3,877$3,356$2,895$2,491$2,138$1,423
15 years$3,581$3,066$2,614$2,222$1,882$1,210
16 years$3,323$2,813$2,370$1,989$1,664$1,032
17 years$3,095$2,590$2,157$1,787$1,475$882
18 years$2,892$2,394$1,969$1,611$1,312$756
19 years$2,712$2,218$1,802$1,455$1,169$649
20 years$2,549$2,061$1,654$1,318$1,044$558
21 years$2,402$1,920$1,521$1,196$934$480
22 years$2,269$1,792$1,402$1,088$838$414
23 years$2,147$1,676$1,295$991$752$357
24 years$2,036$1,571$1,197$903$676$308
25 years$1,934$1,474$1,109$825$608$267
26 years$1,839$1,385$1,029$754$548$230
27 years$1,752$1,304$955$691$494$199
28 years$1,672$1,228$888$633$446$173
29 years$1,597$1,159$826$580$402$149
30 years$1,527$1,094$770$532$364$129
31 years$1,461$1,035$717$489$329$112
32 years$1,400$979$669$449$297$97
33 years$1,343$927$625$413$269$84
34 years$1,289$879$584$380$244$73
35 years$1,239$833$546$350$221$63
36 years$1,191$791$511$322$200$55
37 years$1,146$751$478$297$181$48
38 years$1,104$714$448$274$164$41
39 years$1,063$679$419$252$149$36
40 years$1,025$646$393$233$135$31
41 years$989$615$369$215$123$27
42 years$955$586$346$198$111$23
43 years$922$558$324$183$101$20
44 years$891$532$305$169$92$18
45 years$861$507$286$156$83$15
46 years$833$484$269$144$76$13
47 years$806$462$252$133$69$12
48 years$780$441$237$123$62$10
49 years$756$421$223$114$57$9
50 years$732$402$210$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $750,000, adding $2,747 every year, while hoping to spend $25,496 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: 42/41/17 Blend
63$750,000$750,000$750,000$750,000
64$829,334$789,584$777,959$859,930
65$886,798$801,146$776,893$893,368
66$949,269$812,420$774,936$926,846
67$1,017,231$823,365$772,033$962,559
68$1,091,216$833,937$768,124$1,000,725
69$1,171,810$844,089$763,145$1,041,583
70$1,259,656$853,772$757,033$1,085,399
71$1,355,466$862,931$749,718$1,132,466
72$1,460,018$871,509$741,128$1,183,108
73$1,574,173$879,446$731,189$1,237,684
74$1,698,877$886,677$719,822$1,296,589
75$1,835,171$893,133$706,944$1,360,263
76$1,984,201$898,740$692,470$1,429,189
77$2,147,231$903,419$676,309$1,503,901
78$2,325,650$907,088$658,367$1,584,991
79$2,520,989$909,658$638,545$1,673,112
80$2,734,933$911,035$616,740$1,768,986
81$2,969,339$911,118$592,843$1,873,409
82$3,226,251$909,802$566,743$1,987,263
83$3,507,920$906,974$538,320$2,111,520
84$3,816,826$902,514$507,452$2,247,255
85$4,155,700$896,295$474,009$2,395,654
86$4,527,550$888,182$437,857$2,558,029
87$4,935,690$878,033$398,855$2,735,828
88$5,383,769$865,695$356,856$2,930,648
89$5,875,809$851,010$311,706$3,144,254
90$6,416,238$833,806$263,244$3,378,596
91$7,009,935$813,903$211,304$3,635,825
92$7,662,276$791,111$155,710$3,918,315
93$8,379,181$765,229$96,279$4,228,690
94$9,167,174$736,042$32,821$4,569,842
95$10,033,442$703,324$0$4,944,966
96$10,985,902$666,836$0$5,363,918
97$12,033,278$626,325$0$5,831,023
98$13,185,182$581,524$0$6,344,654
99$14,452,201$532,150$0$6,909,592
100$15,846,004$477,903$0$7,531,106