Can I retire at age 64 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$63,751$63,183$62,629$62,088$61,560$60,867
2 years$31,560$30,972$30,403$29,850$29,314$28,616
3 years$20,831$20,241$19,672$19,125$18,598$17,917
4 years$15,468$14,879$14,316$13,779$13,264$12,606
5 years$12,250$11,665$11,110$10,583$10,083$9,449
6 years$10,106$9,526$8,979$8,464$7,979$7,369
7 years$8,575$8,000$7,461$6,958$6,489$5,904
8 years$7,428$6,857$6,328$5,837$5,383$4,824
9 years$6,535$5,970$5,450$4,972$4,533$3,999
10 years$5,822$5,263$4,752$4,286$3,863$3,353
11 years$5,239$4,685$4,183$3,730$3,322$2,836
12 years$4,753$4,205$3,712$3,272$2,879$2,417
13 years$4,343$3,800$3,317$2,888$2,510$2,072
14 years$3,991$3,454$2,980$2,564$2,201$1,784
15 years$3,686$3,155$2,691$2,287$1,938$1,543
16 years$3,420$2,895$2,440$2,047$1,712$1,339
17 years$3,186$2,666$2,220$1,840$1,518$1,165
18 years$2,977$2,464$2,026$1,658$1,350$1,017
19 years$2,791$2,283$1,855$1,498$1,203$889
20 years$2,624$2,122$1,703$1,357$1,075$779
21 years$2,473$1,976$1,566$1,231$962$683
22 years$2,335$1,845$1,443$1,120$862$600
23 years$2,210$1,725$1,333$1,020$774$528
24 years$2,096$1,617$1,232$930$696$465
25 years$1,990$1,517$1,142$849$626$410
26 years$1,893$1,426$1,059$777$564$361
27 years$1,804$1,342$983$711$508$319
28 years$1,721$1,264$914$651$459$282
29 years$1,643$1,193$850$597$414$249
30 years$1,571$1,127$792$548$374$220
31 years$1,504$1,065$739$503$338$195
32 years$1,441$1,008$689$463$306$172
33 years$1,383$954$643$425$277$152
34 years$1,327$904$601$391$251$135
35 years$1,275$858$562$360$227$120
36 years$1,226$814$526$332$206$106
37 years$1,180$773$492$306$187$94
38 years$1,136$735$461$282$169$83
39 years$1,095$699$432$260$153$74
40 years$1,055$665$405$240$139$65
41 years$1,018$633$379$221$126$58
42 years$983$603$356$204$115$51
43 years$949$574$334$188$104$45
44 years$917$547$314$174$94$40
45 years$887$522$294$161$86$36
46 years$858$498$276$148$78$32
47 years$830$475$260$137$71$28
48 years$803$454$244$127$64$25
49 years$778$433$229$117$58$22
50 years$754$414$216$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $772,000, adding $3,418 every year, while hoping to spend $58,863 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: 48/38/14 Blend
63$772,000$772,000$772,000$772,000
64$854,270$813,354$801,388$891,792
65$878,775$790,578$765,604$895,279
66$903,808$764,714$726,650$892,716
67$929,359$735,547$684,355$888,633
68$955,417$702,852$638,544$882,907
69$981,967$666,390$589,033$875,409
70$1,008,993$625,908$535,631$866,002
71$1,036,471$581,139$478,135$854,538
72$1,064,375$531,799$416,337$840,861
73$1,092,675$477,591$350,018$824,804
74$1,121,333$418,198$278,949$806,187
75$1,150,306$353,286$202,890$784,821
76$1,179,544$282,504$121,594$760,503
77$1,208,989$205,479$34,799$733,017
78$1,238,576$121,817$0$702,131
79$1,268,227$31,103$0$676,238
80$1,297,858$0$0$652,545
81$1,327,370$0$0$653,670
82$1,356,651$0$0$667,632
83$1,385,577$0$0$681,358
84$1,414,005$0$0$694,771
85$1,441,776$0$0$707,786
86$1,468,712$0$0$720,306
87$1,494,611$0$0$732,223
88$1,519,249$0$0$743,417
89$1,542,374$0$0$753,753
90$1,563,705$0$0$763,080
91$1,582,928$0$0$771,230
92$1,599,692$0$0$778,017
93$1,613,609$0$0$783,231
94$1,624,244$0$0$786,642
95$1,631,114$0$0$787,992
96$1,633,683$0$0$786,994
97$1,631,354$0$0$783,332
98$1,623,465$0$0$776,652
99$1,609,281$0$0$766,563
100$1,587,987$0$0$752,632