Can I retire at age 64 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$62,265$61,710$61,169$60,641$60,125$58,791
2 years$30,824$30,250$29,694$29,154$28,631$27,294
3 years$20,345$19,769$19,214$18,679$18,165$16,866
4 years$15,107$14,532$13,983$13,457$12,955$11,705
5 years$11,965$11,393$10,851$10,337$9,848$8,651
6 years$9,871$9,304$8,769$8,266$7,793$6,649
7 years$8,375$7,813$7,287$6,796$6,338$5,247
8 years$7,254$6,697$6,180$5,701$5,258$4,221
9 years$6,383$5,831$5,323$4,856$4,428$3,443
10 years$5,686$5,140$4,641$4,186$3,773$2,840
11 years$5,117$4,576$4,086$3,643$3,245$2,362
12 years$4,642$4,107$3,626$3,195$2,812$1,978
13 years$4,241$3,711$3,240$2,821$2,452$1,665
14 years$3,898$3,374$2,911$2,504$2,149$1,408
15 years$3,600$3,082$2,628$2,233$1,892$1,196
16 years$3,341$2,828$2,383$2,000$1,672$1,018
17 years$3,111$2,604$2,168$1,797$1,483$869
18 years$2,908$2,406$1,979$1,619$1,319$744
19 years$2,726$2,230$1,812$1,463$1,175$637
20 years$2,563$2,072$1,663$1,325$1,050$547
21 years$2,415$1,930$1,530$1,203$939$470
22 years$2,281$1,802$1,410$1,093$842$405
23 years$2,159$1,685$1,302$996$756$349
24 years$2,047$1,579$1,204$908$679$301
25 years$1,944$1,482$1,115$829$611$259
26 years$1,849$1,393$1,034$758$551$224
27 years$1,762$1,311$960$694$496$193
28 years$1,681$1,235$893$636$448$167
29 years$1,605$1,165$831$583$405$144
30 years$1,535$1,100$774$535$366$125
31 years$1,469$1,040$721$492$330$108
32 years$1,408$984$673$452$299$93
33 years$1,350$932$628$415$271$81
34 years$1,296$883$587$382$245$70
35 years$1,245$838$549$352$222$61
36 years$1,198$795$514$324$201$52
37 years$1,152$755$481$299$182$45
38 years$1,110$718$450$275$165$39
39 years$1,069$683$422$254$150$34
40 years$1,031$649$395$234$136$30
41 years$994$618$371$216$123$26
42 years$960$589$348$199$112$22
43 years$927$561$326$184$101$19
44 years$896$535$306$170$92$17
45 years$866$510$288$157$84$14
46 years$838$486$270$145$76$12
47 years$811$464$254$134$69$11
48 years$785$443$238$124$63$9
49 years$760$423$224$114$57$8
50 years$736$404$211$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $754,000, adding $6,579 every year, while hoping to spend $51,386 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: 50/22/28 Blend
63$754,000$754,000$754,000$754,000
64$837,694$797,732$786,045$872,653
65$868,465$782,147$757,703$882,183
66$900,652$764,075$726,690$886,895
67$934,345$743,342$692,861$891,012
68$969,643$719,760$656,066$894,502
69$1,006,651$693,133$616,149$897,331
70$1,045,484$663,251$572,945$899,469
71$1,086,266$629,894$526,282$900,881
72$1,129,135$592,828$475,981$901,539
73$1,174,236$551,806$421,856$901,412
74$1,221,730$506,566$363,710$900,472
75$1,271,791$456,833$301,339$898,692
76$1,324,611$402,314$234,531$896,048
77$1,380,395$342,702$163,062$892,518
78$1,439,371$277,670$86,700$888,086
79$1,501,785$206,874$5,203$882,737
80$1,567,906$129,950$0$876,464
81$1,638,030$46,515$0$893,692
82$1,712,477$0$0$913,244
83$1,791,600$0$0$944,270
84$1,875,783$0$0$989,303
85$1,965,449$0$0$1,037,315
86$2,061,058$0$0$1,088,558
87$2,163,116$0$0$1,143,309
88$2,272,177$0$0$1,201,871
89$2,388,847$0$0$1,264,579
90$2,513,792$0$0$1,331,795
91$2,647,742$0$0$1,403,923
92$2,791,498$0$0$1,481,400
93$2,945,937$0$0$1,564,710
94$3,112,025$0$0$1,654,382
95$3,290,821$0$0$1,750,997
96$3,483,487$0$0$1,855,195
97$3,691,300$0$0$1,967,678
98$3,915,664$0$0$2,089,216
99$4,158,121$0$0$2,220,658
100$4,420,364$0$0$2,362,934