Can I retire at age 64 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$63,173$62,610$62,061$61,525$61,002$60,669
2 years$31,274$30,691$30,127$29,580$29,049$28,712
3 years$20,642$20,057$19,494$18,952$18,430$18,100
4 years$15,327$14,744$14,187$13,654$13,144$12,825
5 years$12,139$11,560$11,009$10,487$9,992$9,684
6 years$10,015$9,439$8,897$8,387$7,906$7,609
7 years$8,498$7,927$7,394$6,895$6,430$6,144
8 years$7,360$6,795$6,270$5,784$5,334$5,060
9 years$6,476$5,916$5,401$4,927$4,492$4,229
10 years$5,769$5,215$4,708$4,247$3,828$3,576
11 years$5,191$4,642$4,145$3,696$3,292$3,051
12 years$4,710$4,167$3,679$3,242$2,853$2,623
13 years$4,303$3,766$3,287$2,862$2,488$2,269
14 years$3,955$3,423$2,953$2,541$2,181$1,972
15 years$3,653$3,127$2,666$2,266$1,920$1,722
16 years$3,389$2,869$2,417$2,029$1,697$1,508
17 years$3,157$2,642$2,200$1,823$1,505$1,326
18 years$2,950$2,441$2,008$1,643$1,338$1,168
19 years$2,766$2,263$1,838$1,484$1,192$1,032
20 years$2,600$2,103$1,687$1,344$1,065$913
21 years$2,450$1,958$1,552$1,220$953$809
22 years$2,314$1,828$1,430$1,109$854$719
23 years$2,190$1,710$1,321$1,010$767$639
24 years$2,077$1,602$1,221$922$689$569
25 years$1,972$1,503$1,131$842$620$507
26 years$1,876$1,413$1,049$770$559$452
27 years$1,787$1,330$974$704$504$403
28 years$1,705$1,253$906$645$455$360
29 years$1,628$1,182$843$592$410$322
30 years$1,557$1,116$785$543$371$288
31 years$1,491$1,055$732$499$335$257
32 years$1,428$999$683$458$303$230
33 years$1,370$946$638$422$274$206
34 years$1,315$896$596$388$249$185
35 years$1,264$850$557$357$225$166
36 years$1,215$807$521$329$204$148
37 years$1,169$766$488$303$185$133
38 years$1,126$728$457$279$168$119
39 years$1,085$693$428$257$152$107
40 years$1,046$659$401$237$138$96
41 years$1,009$627$376$219$125$86
42 years$974$597$353$202$113$77
43 years$941$569$331$187$103$69
44 years$909$542$311$172$93$62
45 years$879$517$292$159$85$56
46 years$850$493$274$147$77$50
47 years$822$471$257$136$70$45
48 years$796$450$242$126$64$40
49 years$771$429$227$116$58$36
50 years$747$410$214$107$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $765,000, adding $3,701 every year, while hoping to spend $30,282 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: 78/7/15 Blend
63$765,000$765,000$765,000$765,000
64$846,848$806,303$794,445$909,946
65$901,006$813,592$788,839$959,337
66$959,674$820,223$782,031$1,009,286
67$1,023,279$826,132$773,947$1,063,231
68$1,092,292$831,251$764,513$1,121,560
69$1,167,231$835,507$753,648$1,184,701
70$1,248,664$838,822$741,271$1,253,123
71$1,337,218$841,115$727,294$1,327,347
72$1,433,582$842,298$711,627$1,407,943
73$1,538,515$842,277$694,173$1,495,543
74$1,652,849$840,955$674,834$1,590,839
75$1,777,504$838,227$653,506$1,694,599
76$1,913,490$833,980$630,079$1,807,666
77$2,061,919$828,098$604,439$1,930,968
78$2,224,016$820,456$576,468$2,065,532
79$2,401,127$810,919$546,042$2,212,486
80$2,594,736$799,349$513,029$2,373,076
81$2,806,478$785,596$477,294$2,548,673
82$3,038,151$769,502$438,695$2,740,791
83$3,291,734$750,900$397,083$2,951,095
84$3,569,410$729,612$352,304$3,181,425
85$3,873,578$705,452$304,195$3,433,805
86$4,206,885$678,221$252,587$3,710,468
87$4,572,242$647,709$197,304$4,013,875
88$4,972,858$613,693$138,161$4,346,739
89$5,412,265$575,940$74,965$4,712,049
90$5,894,355$534,201$7,516$5,113,101
91$6,423,415$488,212$0$5,553,529
92$7,004,166$437,697$0$6,047,653
93$7,641,809$382,361$0$6,591,525
94$8,342,072$321,896$0$7,188,841
95$9,111,267$255,973$0$7,845,003
96$9,956,348$184,247$0$8,565,960
97$10,884,971$106,351$0$9,358,270
98$11,905,576$21,900$0$10,229,157
99$13,027,459$0$0$11,186,581
100$14,260,860$0$0$12,244,667