Can I retire at age 64 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$62,678$62,119$61,575$61,043$60,524$58,400
2 years$31,028$30,451$29,891$29,348$28,821$26,703
3 years$20,480$19,900$19,341$18,803$18,285$16,240
4 years$15,207$14,628$14,075$13,547$13,041$11,085
5 years$12,044$11,469$10,923$10,405$9,914$8,051
6 years$9,936$9,365$8,827$8,321$7,844$6,077
7 years$8,431$7,865$7,336$6,841$6,380$4,707
8 years$7,303$6,742$6,221$5,739$5,292$3,713
9 years$6,425$5,870$5,358$4,888$4,457$2,969
10 years$5,724$5,174$4,672$4,214$3,798$2,399
11 years$5,151$4,606$4,113$3,667$3,266$1,953
12 years$4,673$4,134$3,650$3,217$2,830$1,600
13 years$4,269$3,736$3,261$2,840$2,468$1,318
14 years$3,924$3,396$2,930$2,521$2,163$1,090
15 years$3,624$3,102$2,645$2,248$1,905$904
16 years$3,363$2,846$2,398$2,013$1,684$752
17 years$3,132$2,621$2,182$1,809$1,493$626
18 years$2,927$2,422$1,992$1,630$1,327$523
19 years$2,744$2,245$1,824$1,473$1,183$437
20 years$2,580$2,086$1,674$1,334$1,057$366
21 years$2,431$1,943$1,540$1,211$946$307
22 years$2,296$1,814$1,419$1,101$848$257
23 years$2,173$1,696$1,310$1,002$761$216
24 years$2,060$1,589$1,212$914$684$181
25 years$1,957$1,492$1,122$835$615$152
26 years$1,861$1,402$1,041$763$554$128
27 years$1,773$1,319$967$699$500$108
28 years$1,692$1,243$899$640$451$91
29 years$1,616$1,173$836$587$407$76
30 years$1,545$1,108$779$539$368$64
31 years$1,479$1,047$726$495$333$54
32 years$1,417$991$677$455$301$45
33 years$1,359$938$633$418$272$38
34 years$1,305$889$591$385$247$32
35 years$1,254$843$553$354$223$27
36 years$1,205$801$517$326$202$23
37 years$1,160$760$484$301$183$19
38 years$1,117$723$453$277$166$16
39 years$1,076$687$424$255$151$14
40 years$1,038$654$398$236$137$11
41 years$1,001$622$373$217$124$10
42 years$966$593$350$201$113$8
43 years$933$565$328$185$102$7
44 years$902$538$308$171$93$6
45 years$872$513$289$158$84$5
46 years$843$490$272$146$76$4
47 years$816$467$255$135$69$3
48 years$790$446$240$125$63$3
49 years$765$426$226$115$57$2
50 years$741$407$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $759,000, adding $2,216 every year, while hoping to spend $58,273 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: 56/26/18 Blend
63$759,000$759,000$759,000$759,000
64$838,704$798,477$786,712$881,536
65$862,250$775,600$751,065$888,075
66$886,244$749,649$712,271$888,736
67$910,671$720,413$670,162$888,155
68$935,512$687,665$624,565$886,229
69$960,743$651,170$575,297$882,843
70$986,336$610,675$522,167$877,877
71$1,012,260$565,915$464,976$871,201
72$1,038,475$516,609$403,518$862,676
73$1,064,937$462,461$337,574$852,155
74$1,091,596$403,156$266,917$839,477
75$1,118,392$338,364$191,312$824,473
76$1,145,257$267,734$110,511$806,960
77$1,172,116$190,895$24,255$786,740
78$1,198,881$107,458$0$763,605
79$1,225,453$17,010$0$750,349
80$1,251,720$0$0$739,527
81$1,277,557$0$0$749,414
82$1,302,821$0$0$763,777
83$1,327,353$0$0$777,649
84$1,350,974$0$0$790,919
85$1,373,484$0$0$803,462
86$1,394,658$0$0$815,139
87$1,414,245$0$0$825,792
88$1,431,967$0$0$835,249
89$1,447,511$0$0$843,315
90$1,460,528$0$0$849,775
91$1,470,633$0$0$854,387
92$1,477,394$0$0$856,884
93$1,480,332$0$0$856,970
94$1,478,916$0$0$854,314
95$1,472,555$0$0$848,550
96$1,460,592$0$0$839,272
97$1,442,302$0$0$826,028
98$1,416,876$0$0$808,320
99$1,383,422$0$0$785,594
100$1,340,950$0$0$757,237