Can I retire at age 64 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$62,760$62,201$61,656$61,123$60,603$59,821
2 years$31,069$30,491$29,930$29,386$28,859$28,072
3 years$20,507$19,926$19,367$18,828$18,309$17,542
4 years$15,227$14,648$14,094$13,565$13,058$12,317
5 years$12,060$11,484$10,937$10,419$9,927$9,213
6 years$9,949$9,378$8,839$8,332$7,855$7,170
7 years$8,442$7,875$7,345$6,850$6,388$5,732
8 years$7,312$6,751$6,229$5,746$5,299$4,672
9 years$6,434$5,878$5,365$4,895$4,463$3,864
10 years$5,732$5,181$4,678$4,219$3,803$3,232
11 years$5,157$4,612$4,118$3,672$3,270$2,727
12 years$4,679$4,140$3,655$3,221$2,834$2,318
13 years$4,275$3,741$3,265$2,844$2,471$1,982
14 years$3,929$3,400$2,934$2,524$2,166$1,702
15 years$3,629$3,106$2,649$2,251$1,907$1,468
16 years$3,367$2,850$2,402$2,016$1,686$1,271
17 years$3,136$2,625$2,185$1,811$1,495$1,103
18 years$2,931$2,425$1,995$1,632$1,329$959
19 years$2,748$2,248$1,826$1,475$1,185$836
20 years$2,583$2,089$1,676$1,336$1,058$730
21 years$2,434$1,946$1,542$1,212$947$639
22 years$2,299$1,816$1,421$1,102$849$560
23 years$2,176$1,699$1,312$1,004$762$491
24 years$2,063$1,592$1,213$916$685$431
25 years$1,959$1,494$1,124$836$616$378
26 years$1,864$1,404$1,042$764$555$333
27 years$1,776$1,321$968$700$500$293
28 years$1,694$1,245$900$641$452$258
29 years$1,618$1,174$837$588$408$227
30 years$1,547$1,109$780$540$368$200
31 years$1,481$1,048$727$496$333$176
32 years$1,419$992$678$455$301$156
33 years$1,361$939$633$419$273$137
34 years$1,307$890$592$385$247$121
35 years$1,255$845$553$355$224$107
36 years$1,207$802$518$327$203$94
37 years$1,161$761$484$301$184$83
38 years$1,118$724$454$277$166$74
39 years$1,078$688$425$256$151$65
40 years$1,039$655$398$236$137$57
41 years$1,002$623$374$218$124$51
42 years$968$593$350$201$113$45
43 years$934$565$329$185$102$40
44 years$903$539$309$171$93$35
45 years$873$514$290$158$84$31
46 years$844$490$272$146$77$27
47 years$817$468$256$135$70$24
48 years$791$447$240$125$63$21
49 years$766$427$226$115$57$19
50 years$742$407$212$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $760,000, adding $2,941 every year, while hoping to spend $43,832 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: 53/22/25 Blend
63$760,000$760,000$760,000$760,000
64$840,554$800,274$788,494$879,126
65$879,653$792,850$768,271$898,661
66$921,272$783,594$745,902$915,160
67$965,620$772,369$721,269$932,218
68$1,012,929$759,030$694,247$949,904
69$1,063,451$743,426$664,708$968,297
70$1,117,464$725,394$632,515$987,486
71$1,175,270$704,763$597,529$1,007,573
72$1,237,202$681,352$559,602$1,028,672
73$1,303,627$654,968$518,578$1,050,914
74$1,374,944$625,409$474,298$1,074,442
75$1,451,593$592,459$426,592$1,099,422
76$1,534,058$555,891$375,285$1,126,037
77$1,622,867$515,465$320,193$1,154,495
78$1,718,604$470,927$261,123$1,185,026
79$1,821,907$422,008$197,876$1,217,891
80$1,933,479$368,424$130,243$1,253,381
81$2,054,092$309,876$58,004$1,291,822
82$2,184,595$246,045$0$1,333,576
83$2,325,921$176,598$0$1,384,141
84$2,479,094$101,180$0$1,455,723
85$2,645,242$19,419$0$1,533,405
86$2,825,606$0$0$1,617,819
87$3,021,550$0$0$1,726,388
88$3,234,573$0$0$1,849,598
89$3,466,327$0$0$1,983,709
90$3,718,627$0$0$2,129,781
91$3,993,472$0$0$2,288,980
92$4,293,060$0$0$2,462,589
93$4,619,813$0$0$2,652,021
94$4,976,394$0$0$2,858,829
95$5,365,734$0$0$3,084,725
96$5,791,063$0$0$3,331,593
97$6,255,932$0$0$3,601,507
98$6,764,255$0$0$3,896,749
99$7,320,339$0$0$4,219,835
100$7,928,927$0$0$4,573,533