Can I retire at age 64 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$41,868$41,495$41,131$40,776$40,429$39,678
2 years$20,727$20,341$19,966$19,604$19,252$18,498
3 years$13,680$13,293$12,920$12,560$12,214$11,481
4 years$10,158$9,772$9,402$9,049$8,711$8,004
5 years$8,045$7,661$7,296$6,950$6,622$5,943
6 years$6,637$6,256$5,897$5,558$5,240$4,590
7 years$5,632$5,254$4,900$4,570$4,261$3,641
8 years$4,878$4,503$4,156$3,834$3,535$2,944
9 years$4,292$3,921$3,579$3,265$2,977$2,415
10 years$3,824$3,456$3,121$2,815$2,537$2,002
11 years$3,441$3,077$2,747$2,450$2,182$1,675
12 years$3,122$2,762$2,438$2,149$1,891$1,411
13 years$2,852$2,496$2,178$1,897$1,649$1,195
14 years$2,621$2,268$1,957$1,684$1,445$1,017
15 years$2,421$2,072$1,767$1,502$1,272$869
16 years$2,246$1,901$1,602$1,345$1,125$745
17 years$2,092$1,751$1,458$1,208$997$640
18 years$1,955$1,618$1,331$1,089$887$551
19 years$1,833$1,500$1,218$984$790$475
20 years$1,723$1,393$1,118$891$706$411
21 years$1,624$1,298$1,028$809$632$356
22 years$1,534$1,212$948$735$566$308
23 years$1,451$1,133$875$670$508$267
24 years$1,376$1,062$809$611$457$232
25 years$1,307$996$750$558$411$202
26 years$1,243$936$695$510$370$175
27 years$1,185$881$646$467$334$153
28 years$1,130$830$600$428$301$133
29 years$1,079$783$559$392$272$116
30 years$1,032$740$520$360$246$101
31 years$988$699$485$331$222$88
32 years$947$662$453$304$201$77
33 years$908$627$423$279$182$67
34 years$872$594$395$257$165$58
35 years$837$563$369$237$149$51
36 years$805$535$345$218$135$44
37 years$775$508$323$201$122$39
38 years$746$483$303$185$111$34
39 years$719$459$284$171$101$29
40 years$693$437$266$157$91$26
41 years$669$416$249$145$83$22
42 years$645$396$234$134$75$20
43 years$623$377$219$124$68$17
44 years$602$360$206$114$62$15
45 years$582$343$193$105$56$13
46 years$563$327$182$97$51$11
47 years$545$312$171$90$46$10
48 years$528$298$160$83$42$9
49 years$511$285$151$77$38$8
50 years$495$272$142$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $507,000, adding $2,889 every year, while hoping to spend $36,843 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: 61/18/21 Blend
63$507,000$507,000$507,000$507,000
64$561,694$534,823$526,965$592,704
65$579,786$521,829$505,417$601,029
66$598,489$506,963$481,913$605,790
67$617,825$490,095$456,348$610,154
68$637,821$471,086$428,613$614,089
69$658,500$449,791$398,593$617,560
70$679,891$426,055$366,170$620,530
71$702,022$399,713$331,218$622,959
72$724,922$370,594$293,608$624,809
73$748,625$338,513$253,205$626,035
74$773,162$303,278$209,865$626,594
75$798,570$264,684$163,440$626,438
76$824,886$222,515$113,777$625,518
77$852,149$176,543$60,713$623,784
78$880,401$126,527$4,080$621,180
79$909,687$72,211$0$617,651
80$940,054$13,329$0$625,765
81$971,552$0$0$634,631
82$1,004,234$0$0$653,297
83$1,038,158$0$0$675,415
84$1,073,385$0$0$698,388
85$1,109,978$0$0$722,257
86$1,148,008$0$0$747,069
87$1,187,549$0$0$772,873
88$1,228,680$0$0$799,721
89$1,271,486$0$0$827,670
90$1,316,059$0$0$856,781
91$1,362,497$0$0$887,119
92$1,410,906$0$0$918,754
93$1,461,400$0$0$951,762
94$1,514,102$0$0$986,224
95$1,569,144$0$0$1,022,230
96$1,626,670$0$0$1,059,873
97$1,686,833$0$0$1,099,258
98$1,749,802$0$0$1,140,495
99$1,815,757$0$0$1,183,705
100$1,884,895$0$0$1,229,019