Can I retire at age 64 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$62,017$61,464$60,926$60,399$59,886$58,701
2 years$30,701$30,130$29,575$29,038$28,517$27,328
3 years$20,264$19,690$19,137$18,605$18,092$16,937
4 years$15,047$14,474$13,927$13,404$12,904$11,790
5 years$11,917$11,348$10,808$10,295$9,809$8,741
6 years$9,831$9,266$8,734$8,233$7,762$6,740
7 years$8,342$7,782$7,258$6,769$6,312$5,337
8 years$7,226$6,671$6,156$5,678$5,237$4,308
9 years$6,358$5,808$5,302$4,837$4,410$3,527
10 years$5,664$5,119$4,622$4,169$3,758$2,920
11 years$5,096$4,558$4,069$3,629$3,232$2,438
12 years$4,624$4,091$3,611$3,183$2,800$2,049
13 years$4,224$3,697$3,227$2,810$2,442$1,732
14 years$3,882$3,360$2,899$2,494$2,141$1,471
15 years$3,586$3,070$2,618$2,224$1,885$1,254
16 years$3,327$2,816$2,373$1,992$1,666$1,072
17 years$3,099$2,594$2,159$1,790$1,477$920
18 years$2,896$2,397$1,971$1,613$1,313$790
19 years$2,715$2,221$1,805$1,457$1,171$680
20 years$2,552$2,064$1,656$1,320$1,046$587
21 years$2,405$1,923$1,523$1,198$936$507
22 years$2,272$1,795$1,404$1,089$839$438
23 years$2,150$1,679$1,296$992$753$379
24 years$2,039$1,573$1,199$905$677$328
25 years$1,936$1,476$1,110$826$609$285
26 years$1,842$1,387$1,030$755$548$247
27 years$1,755$1,305$956$691$495$214
28 years$1,674$1,230$889$634$446$186
29 years$1,599$1,160$827$581$403$162
30 years$1,529$1,096$771$533$364$140
31 years$1,463$1,036$718$490$329$122
32 years$1,402$980$670$450$298$106
33 years$1,345$928$626$414$269$92
34 years$1,291$880$585$381$244$80
35 years$1,240$835$547$351$221$70
36 years$1,193$792$511$323$200$61
37 years$1,148$752$479$297$181$53
38 years$1,105$715$448$274$165$46
39 years$1,065$680$420$253$149$40
40 years$1,027$647$394$233$135$35
41 years$991$616$369$215$123$30
42 years$956$586$346$199$111$26
43 years$923$559$325$183$101$23
44 years$892$533$305$169$92$20
45 years$863$508$286$156$83$17
46 years$834$484$269$144$76$15
47 years$807$462$253$133$69$13
48 years$782$441$237$123$62$12
49 years$757$421$223$114$57$10
50 years$733$403$210$105$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $751,000, adding $6,473 every year, while hoping to spend $38,525 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: 49/43/8 Blend
63$751,000$751,000$751,000$751,000
64$834,279$794,476$782,835$873,091
65$878,385$792,415$768,070$898,271
66$925,699$788,962$751,519$920,989
67$976,507$784,008$733,081$944,763
68$1,031,123$777,437$712,653$969,703
69$1,089,894$769,127$690,122$995,931
70$1,153,197$758,948$665,375$1,023,584
71$1,221,449$746,763$638,291$1,052,814
72$1,295,108$732,425$608,745$1,083,793
73$1,374,675$715,780$576,605$1,116,711
74$1,460,704$696,666$541,733$1,151,782
75$1,553,801$674,907$503,986$1,189,242
76$1,654,633$650,322$463,214$1,229,359
77$1,763,933$622,716$419,259$1,272,426
78$1,882,509$591,883$371,959$1,318,775
79$2,011,248$557,608$321,142$1,368,771
80$2,151,124$519,660$266,630$1,422,824
81$2,303,212$477,796$208,235$1,481,389
82$2,468,691$431,761$145,763$1,544,970
83$2,648,863$381,282$79,011$1,614,132
84$2,845,155$326,073$7,766$1,689,498
85$3,059,141$265,831$0$1,771,765
86$3,292,553$200,236$0$1,867,530
87$3,547,297$128,951$0$1,972,909
88$3,825,470$51,618$0$2,088,212
89$4,129,381$0$0$2,214,514
90$4,461,573$0$0$2,368,217
91$4,824,846$0$0$2,563,087
92$5,222,280$0$0$2,776,363
93$5,657,269$0$0$3,009,876
94$6,133,551$0$0$3,265,643
95$6,655,239$0$0$3,545,884
96$7,226,865$0$0$3,853,045
97$7,853,420$0$0$4,189,818
98$8,540,400$0$0$4,559,172
99$9,293,860$0$0$4,964,372
100$10,120,465$0$0$5,409,017