Can I retire at age 64 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$62,347$61,792$61,250$60,721$60,205$58,607
2 years$30,865$30,290$29,733$29,193$28,669$27,070
3 years$20,372$19,795$19,239$18,704$18,189$16,639
4 years$15,127$14,551$14,001$13,475$12,972$11,484
5 years$11,981$11,408$10,866$10,350$9,861$8,438
6 years$9,884$9,316$8,781$8,277$7,803$6,446
7 years$8,386$7,823$7,297$6,805$6,346$5,056
8 years$7,264$6,706$6,188$5,709$5,265$4,041
9 years$6,392$5,839$5,330$4,863$4,434$3,275
10 years$5,694$5,147$4,647$4,192$3,778$2,682
11 years$5,124$4,582$4,091$3,648$3,249$2,215
12 years$4,649$4,112$3,631$3,200$2,815$1,842
13 years$4,247$3,716$3,244$2,825$2,455$1,539
14 years$3,903$3,378$2,915$2,508$2,152$1,292
15 years$3,605$3,086$2,631$2,236$1,895$1,089
16 years$3,345$2,831$2,386$2,002$1,675$920
17 years$3,115$2,608$2,171$1,799$1,485$779
18 years$2,912$2,409$1,982$1,621$1,320$661
19 years$2,730$2,233$1,814$1,465$1,177$562
20 years$2,566$2,075$1,665$1,327$1,051$479
21 years$2,418$1,933$1,532$1,204$941$408
22 years$2,284$1,804$1,412$1,095$843$348
23 years$2,161$1,687$1,303$997$757$297
24 years$2,049$1,581$1,205$909$680$254
25 years$1,947$1,484$1,116$831$612$217
26 years$1,852$1,394$1,035$759$551$186
27 years$1,764$1,312$961$695$497$159
28 years$1,683$1,237$894$637$449$136
29 years$1,607$1,167$832$584$405$117
30 years$1,537$1,102$775$536$366$100
31 years$1,471$1,042$722$492$331$86
32 years$1,410$985$674$452$299$74
33 years$1,352$933$629$416$271$63
34 years$1,298$885$588$383$245$54
35 years$1,247$839$550$352$222$46
36 years$1,199$796$514$325$201$40
37 years$1,154$756$481$299$182$34
38 years$1,111$719$451$276$165$29
39 years$1,071$683$422$254$150$25
40 years$1,032$650$396$234$136$22
41 years$996$619$371$216$123$18
42 years$961$590$348$200$112$16
43 years$928$562$327$184$102$14
44 years$897$535$307$170$92$12
45 years$867$511$288$157$84$10
46 years$839$487$270$145$76$9
47 years$812$465$254$134$69$7
48 years$786$444$239$124$63$6
49 years$761$424$224$114$57$5
50 years$737$405$211$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $755,000, adding $5,878 every year, while hoping to spend $44,913 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: 61/33/6 Blend
63$755,000$755,000$755,000$755,000
64$838,073$798,058$786,356$887,908
65$875,770$789,376$764,911$913,242
66$915,806$778,763$741,244$935,135
67$958,373$766,077$715,230$957,870
68$1,003,680$751,168$686,744$981,527
69$1,051,957$733,877$655,651$1,006,199
70$1,103,453$714,034$621,812$1,031,986
71$1,158,445$691,461$585,082$1,059,002
72$1,217,232$665,969$545,309$1,087,375
73$1,280,146$637,357$502,332$1,117,247
74$1,347,548$605,414$455,987$1,148,780
75$1,419,834$569,916$406,100$1,182,150
76$1,497,441$530,626$352,488$1,217,559
77$1,580,847$487,294$294,963$1,255,229
78$1,670,576$439,654$233,327$1,295,408
79$1,767,205$387,427$167,374$1,338,376
80$1,871,366$330,317$96,887$1,384,442
81$1,983,755$268,012$21,642$1,433,950
82$2,105,135$200,181$0$1,487,286
83$2,236,345$126,477$0$1,548,634
84$2,378,308$46,530$0$1,616,438
85$2,532,038$0$0$1,689,857
86$2,698,649$0$0$1,784,043
87$2,879,367$0$0$1,904,579
88$3,075,541$0$0$2,035,474
89$3,288,652$0$0$2,177,725
90$3,520,331$0$0$2,332,426
91$3,772,374$0$0$2,500,783
92$4,046,753$0$0$2,684,121
93$4,345,642$0$0$2,883,900
94$4,671,430$0$0$3,101,725
95$5,026,748$0$0$3,339,364
96$5,414,491$0$0$3,598,762
97$5,837,848$0$0$3,882,060
98$6,300,325$0$0$4,191,616
99$6,805,787$0$0$4,530,024
100$7,358,485$0$0$4,900,142