Can I retire at age 64 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$64,081$63,511$62,954$62,410$61,879$60,980
2 years$31,723$31,133$30,560$30,005$29,466$28,562
3 years$20,939$20,346$19,774$19,224$18,695$17,814
4 years$15,548$14,956$14,391$13,850$13,333$12,482
5 years$12,314$11,726$11,168$10,638$10,136$9,317
6 years$10,159$9,575$9,025$8,507$8,020$7,235
7 years$8,620$8,041$7,500$6,994$6,522$5,771
8 years$7,466$6,893$6,361$5,867$5,411$4,693
9 years$6,569$6,001$5,478$4,998$4,557$3,873
10 years$5,852$5,290$4,776$4,308$3,883$3,231
11 years$5,266$4,709$4,205$3,749$3,339$2,720
12 years$4,778$4,227$3,732$3,289$2,894$2,306
13 years$4,365$3,820$3,334$2,903$2,523$1,966
14 years$4,012$3,472$2,996$2,577$2,212$1,684
15 years$3,706$3,172$2,705$2,299$1,948$1,449
16 years$3,438$2,910$2,452$2,058$1,721$1,250
17 years$3,202$2,680$2,231$1,849$1,526$1,082
18 years$2,993$2,476$2,037$1,666$1,357$939
19 years$2,806$2,295$1,865$1,506$1,210$816
20 years$2,637$2,133$1,711$1,364$1,080$710
21 years$2,485$1,987$1,574$1,238$967$620
22 years$2,347$1,854$1,451$1,125$867$541
23 years$2,222$1,734$1,340$1,025$778$473
24 years$2,106$1,625$1,239$935$699$414
25 years$2,001$1,525$1,147$854$629$363
26 years$1,903$1,433$1,064$781$567$318
27 years$1,813$1,349$988$714$511$279
28 years$1,730$1,271$919$655$461$245
29 years$1,652$1,199$855$600$416$215
30 years$1,580$1,132$796$551$376$189
31 years$1,512$1,070$742$506$340$166
32 years$1,449$1,013$693$465$308$146
33 years$1,390$959$647$428$278$128
34 years$1,334$909$604$393$252$113
35 years$1,282$862$565$362$228$99
36 years$1,232$818$528$334$207$87
37 years$1,186$777$495$307$187$77
38 years$1,142$739$463$283$170$67
39 years$1,100$702$434$261$154$59
40 years$1,061$668$407$241$140$52
41 years$1,023$636$381$222$127$46
42 years$988$606$358$205$115$41
43 years$954$577$336$189$104$36
44 years$922$550$315$175$95$31
45 years$891$525$296$161$86$28
46 years$862$501$278$149$78$24
47 years$834$478$261$138$71$21
48 years$808$456$245$127$64$19
49 years$782$435$231$118$59$17
50 years$758$416$217$109$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $776,000, adding $4,041 every year, while hoping to spend $40,710 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: 74/21/5 Blend
63$776,000$776,000$776,000$776,000
64$859,320$818,192$806,164$922,292
65$903,656$814,969$789,856$961,046
66$951,149$810,222$771,636$997,908
67$1,002,079$803,836$751,399$1,037,111
68$1,056,753$795,686$729,032$1,078,872
69$1,115,505$785,638$704,419$1,123,429
70$1,178,706$773,554$677,436$1,171,047
71$1,246,760$759,284$647,956$1,222,016
72$1,320,112$742,671$615,845$1,276,658
73$1,399,251$723,549$580,963$1,335,327
74$1,484,713$701,741$543,164$1,398,415
75$1,577,088$677,062$502,294$1,466,355
76$1,677,025$649,312$458,195$1,539,623
77$1,785,237$618,283$410,700$1,618,745
78$1,902,507$583,754$359,634$1,704,304
79$2,029,696$545,492$304,815$1,796,941
80$2,167,752$503,248$246,054$1,897,365
81$2,317,717$456,762$183,151$2,006,358
82$2,480,738$405,757$115,900$2,124,783
83$2,658,075$349,940$44,084$2,253,593
84$2,851,116$289,005$0$2,393,840
85$3,061,387$222,624$0$2,548,423
86$3,290,569$150,453$0$2,719,509
87$3,540,511$72,129$0$2,906,171
88$3,813,247$0$0$3,109,984
89$4,111,018$0$0$3,335,629
90$4,436,290$0$0$3,600,351
91$4,791,776$0$0$3,889,696
92$5,180,466$0$0$4,206,101
93$5,605,650$0$0$4,552,249
94$6,070,952$0$0$4,931,093
95$6,580,360$0$0$5,345,886
96$7,138,268$0$0$5,800,211
97$7,749,514$0$0$6,298,011
98$8,419,427$0$0$6,843,632
99$9,153,873$0$0$7,441,858
100$9,959,317$0$0$8,097,959