Can I retire at age 64 with 767,000?

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 $767,000?

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$63,338$62,774$62,224$61,686$61,162$59,805
2 years$31,356$30,772$30,206$29,657$29,125$27,764
3 years$20,696$20,110$19,545$19,001$18,478$17,157
4 years$15,367$14,783$14,224$13,689$13,179$11,907
5 years$12,171$11,590$11,038$10,515$10,018$8,800
6 years$10,041$9,464$8,921$8,409$7,927$6,763
7 years$8,520$7,948$7,413$6,913$6,447$5,338
8 years$7,380$6,813$6,287$5,799$5,348$4,293
9 years$6,493$5,932$5,415$4,940$4,504$3,502
10 years$5,784$5,229$4,721$4,258$3,838$2,888
11 years$5,205$4,655$4,156$3,706$3,300$2,402
12 years$4,722$4,178$3,688$3,251$2,860$2,012
13 years$4,314$3,775$3,295$2,870$2,494$1,694
14 years$3,965$3,432$2,961$2,547$2,186$1,433
15 years$3,663$3,135$2,673$2,272$1,925$1,216
16 years$3,398$2,876$2,424$2,034$1,701$1,036
17 years$3,165$2,649$2,206$1,828$1,508$884
18 years$2,958$2,448$2,013$1,647$1,341$757
19 years$2,773$2,269$1,843$1,488$1,196$648
20 years$2,607$2,108$1,692$1,348$1,068$557
21 years$2,457$1,964$1,556$1,223$956$479
22 years$2,320$1,833$1,434$1,112$857$412
23 years$2,196$1,714$1,324$1,013$769$355
24 years$2,082$1,606$1,224$924$691$306
25 years$1,977$1,507$1,134$844$622$264
26 years$1,881$1,417$1,052$772$560$228
27 years$1,792$1,333$977$706$505$197
28 years$1,709$1,256$908$647$456$170
29 years$1,633$1,185$845$593$412$147
30 years$1,561$1,119$787$545$372$127
31 years$1,495$1,058$734$500$336$110
32 years$1,432$1,001$685$460$304$95
33 years$1,374$948$639$423$275$82
34 years$1,319$899$597$389$249$71
35 years$1,267$852$558$358$226$62
36 years$1,218$809$522$330$204$53
37 years$1,172$768$489$304$185$46
38 years$1,129$730$458$280$168$40
39 years$1,088$694$429$258$152$35
40 years$1,049$661$402$238$138$30
41 years$1,012$629$377$220$125$26
42 years$977$599$354$203$114$23
43 years$943$571$332$187$103$20
44 years$911$544$311$173$94$17
45 years$881$519$292$160$85$15
46 years$852$495$275$147$77$13
47 years$825$472$258$136$70$11
48 years$798$451$243$126$64$10
49 years$773$430$228$116$58$8
50 years$749$411$214$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $767,000, adding $5,235 every year, while hoping to spend $45,531 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: 71/14/15 Blend
63$767,000$767,000$767,000$767,000
64$850,634$809,983$798,094$907,776
65$888,954$801,227$776,386$937,647
66$929,657$790,517$752,424$964,335
67$972,937$777,708$726,086$992,366
68$1,019,008$762,647$697,241$1,021,867
69$1,068,104$745,173$665,756$1,052,974
70$1,120,480$725,116$631,488$1,085,842
71$1,176,416$702,294$594,290$1,120,639
72$1,236,219$676,516$554,008$1,157,555
73$1,300,227$647,578$510,480$1,196,798
74$1,368,807$615,267$463,539$1,238,600
75$1,442,366$579,355$413,007$1,283,216
76$1,521,346$539,603$358,702$1,330,930
77$1,606,236$495,756$300,432$1,382,058
78$1,697,571$447,547$237,995$1,436,948
79$1,795,939$394,691$171,182$1,495,985
80$1,901,983$336,891$99,776$1,559,597
81$2,016,415$273,827$23,548$1,628,257
82$2,140,012$205,168$0$1,702,488
83$2,273,631$130,558$0$1,792,121
84$2,418,212$49,626$0$1,893,169
85$2,574,789$0$0$2,002,612
86$2,744,499$0$0$2,127,134
87$2,928,593$0$0$2,270,536
88$3,128,446$0$0$2,426,248
89$3,345,569$0$0$2,595,452
90$3,581,627$0$0$2,779,449
91$3,838,449$0$0$2,979,671
92$4,118,049$0$0$3,197,692
93$4,422,642$0$0$3,435,245
94$4,754,668$0$0$3,694,237
95$5,116,809$0$0$3,976,767
96$5,512,019$0$0$4,285,145
97$5,943,549$0$0$4,621,915
98$6,414,978$0$0$4,989,875
99$6,930,247$0$0$5,392,107
100$7,493,693$0$0$5,832,006