Can I retire at age 64 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$63,421$62,856$62,305$61,767$61,241$60,276
2 years$31,396$30,812$30,245$29,696$29,163$28,193
3 years$20,723$20,136$19,571$19,026$18,502$17,558
4 years$15,387$14,802$14,242$13,707$13,196$12,284
5 years$12,187$11,605$11,053$10,529$10,031$9,155
6 years$10,054$9,476$8,932$8,420$7,937$7,098
7 years$8,531$7,958$7,423$6,922$6,455$5,652
8 years$7,389$6,822$6,295$5,807$5,355$4,589
9 years$6,502$5,939$5,422$4,946$4,510$3,779
10 years$5,792$5,235$4,727$4,264$3,843$3,148
11 years$5,212$4,661$4,162$3,711$3,305$2,645
12 years$4,729$4,183$3,693$3,255$2,864$2,238
13 years$4,320$3,780$3,300$2,873$2,497$1,904
14 years$3,970$3,436$2,965$2,551$2,189$1,628
15 years$3,667$3,139$2,677$2,275$1,927$1,397
16 years$3,403$2,880$2,427$2,037$1,704$1,203
17 years$3,169$2,652$2,208$1,830$1,510$1,039
18 years$2,962$2,451$2,016$1,649$1,343$900
19 years$2,777$2,272$1,846$1,490$1,197$780
20 years$2,610$2,111$1,694$1,350$1,069$678
21 years$2,460$1,966$1,558$1,225$957$590
22 years$2,323$1,835$1,436$1,114$858$514
23 years$2,199$1,717$1,326$1,014$770$448
24 years$2,085$1,608$1,226$925$692$391
25 years$1,980$1,509$1,136$845$623$342
26 years$1,884$1,418$1,053$773$561$299
27 years$1,794$1,335$978$707$506$262
28 years$1,712$1,258$909$648$456$229
29 years$1,635$1,187$846$594$412$201
30 years$1,563$1,121$788$545$372$176
31 years$1,496$1,059$735$501$337$154
32 years$1,434$1,002$685$460$304$135
33 years$1,375$949$640$423$276$118
34 years$1,320$900$598$389$249$104
35 years$1,269$853$559$358$226$91
36 years$1,220$810$523$330$205$80
37 years$1,174$769$490$304$186$70
38 years$1,130$731$458$280$168$62
39 years$1,089$695$430$259$153$54
40 years$1,050$661$403$238$138$48
41 years$1,013$630$377$220$126$42
42 years$978$600$354$203$114$37
43 years$944$571$332$187$103$32
44 years$912$545$312$173$94$28
45 years$882$519$293$160$85$25
46 years$853$495$275$148$77$22
47 years$826$473$258$136$70$19
48 years$799$451$243$126$64$17
49 years$774$431$228$116$58$15
50 years$750$412$215$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $768,000, adding $3,887 every year, while hoping to spend $23,316 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: 75/9/16 Blend
63$768,000$768,000$768,000$768,000
64$850,345$809,641$797,737$910,817
65$912,273$824,506$799,654$966,206
66$979,735$839,317$800,853$1,023,627
67$1,053,272$854,048$801,285$1,085,938
68$1,133,479$868,669$800,902$1,153,618
69$1,221,009$883,150$799,647$1,227,195
70$1,316,583$897,455$797,466$1,307,253
71$1,420,992$911,548$794,299$1,394,433
72$1,535,111$925,391$790,085$1,489,443
73$1,659,898$938,941$784,759$1,593,061
74$1,796,412$952,153$778,253$1,706,148
75$1,945,817$964,980$770,495$1,829,649
76$2,109,396$977,370$761,413$1,964,607
77$2,288,561$989,267$750,927$2,112,171
78$2,484,867$1,000,614$738,955$2,273,607
79$2,700,027$1,011,348$725,414$2,450,312
80$2,935,926$1,021,401$710,212$2,643,822
81$3,194,643$1,030,702$693,257$2,855,834
82$3,478,466$1,039,175$674,450$3,088,214
83$3,789,915$1,046,740$653,689$3,343,021
84$4,131,765$1,053,309$630,867$3,622,525
85$4,507,076$1,058,792$605,871$3,929,225
86$4,919,215$1,063,091$578,586$4,265,878
87$5,371,894$1,066,101$548,887$4,635,519
88$5,869,200$1,067,713$516,648$5,041,497
89$6,415,636$1,067,808$481,733$5,487,500
90$7,016,164$1,066,264$444,004$5,977,593
91$7,676,249$1,062,947$403,314$6,516,258
92$8,401,912$1,057,717$359,511$7,108,433
93$9,199,788$1,050,426$312,435$7,759,560
94$10,077,185$1,040,915$261,920$8,475,638
95$11,042,155$1,029,017$207,792$9,263,277
96$12,103,570$1,014,555$149,869$10,129,765
97$13,271,206$997,340$87,961$11,083,130
98$14,555,833$977,173$21,872$12,132,224
99$15,969,317$953,844$0$13,286,799
100$17,524,734$927,128$0$14,565,913