Can I retire at age 64 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$42,115$41,740$41,374$41,017$40,668$39,101
2 years$20,849$20,461$20,085$19,720$19,366$17,806
3 years$13,761$13,371$12,996$12,635$12,286$10,782
4 years$10,218$9,829$9,458$9,103$8,763$7,326
5 years$8,093$7,706$7,340$6,992$6,661$5,296
6 years$6,676$6,293$5,932$5,591$5,271$3,978
7 years$5,665$5,285$4,929$4,597$4,287$3,065
8 years$4,907$4,530$4,180$3,856$3,556$2,405
9 years$4,317$3,944$3,600$3,285$2,995$1,913
10 years$3,846$3,477$3,139$2,831$2,552$1,536
11 years$3,461$3,095$2,764$2,464$2,195$1,244
12 years$3,140$2,778$2,453$2,161$1,902$1,013
13 years$2,869$2,510$2,191$1,908$1,658$829
14 years$2,637$2,282$1,969$1,694$1,454$681
15 years$2,435$2,085$1,778$1,511$1,280$561
16 years$2,259$1,913$1,612$1,353$1,131$464
17 years$2,104$1,761$1,466$1,215$1,003$384
18 years$1,967$1,628$1,339$1,095$892$318
19 years$1,844$1,508$1,226$990$795$264
20 years$1,733$1,402$1,125$896$710$220
21 years$1,633$1,306$1,035$813$635$183
22 years$1,543$1,219$953$740$570$152
23 years$1,460$1,140$880$674$511$127
24 years$1,384$1,068$814$614$460$106
25 years$1,315$1,002$754$561$414$88
26 years$1,251$942$699$513$372$74
27 years$1,192$887$649$470$336$62
28 years$1,137$835$604$430$303$51
29 years$1,086$788$562$395$274$43
30 years$1,038$744$523$362$247$36
31 years$994$704$488$333$224$30
32 years$952$666$455$306$202$25
33 years$913$630$425$281$183$21
34 years$877$598$397$259$166$17
35 years$842$567$371$238$150$15
36 years$810$538$347$219$136$12
37 years$779$511$325$202$123$10
38 years$751$486$304$186$112$9
39 years$723$462$285$172$101$7
40 years$697$439$267$158$92$6
41 years$673$418$251$146$83$5
42 years$649$398$235$135$76$4
43 years$627$379$221$124$69$3
44 years$606$362$207$115$62$3
45 years$586$345$194$106$57$2
46 years$567$329$183$98$51$2
47 years$548$314$172$91$47$2
48 years$531$300$161$84$42$1
49 years$514$286$152$77$38$1
50 years$498$273$143$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $510,000, adding $3,279 every year, while hoping to spend $24,183 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: 68/15/17 Blend
63$510,000$510,000$510,000$510,000
64$565,402$538,372$530,467$601,324
65$597,343$539,022$522,507$626,362
66$631,731$538,893$513,470$650,590
67$668,790$537,922$503,295$676,489
68$708,767$536,040$491,915$704,222
69$751,933$533,177$479,266$733,969
70$798,583$529,257$465,274$765,927
71$849,046$524,197$449,868$800,317
72$903,679$517,913$432,969$837,380
73$962,878$510,315$414,498$877,383
74$1,027,076$501,305$394,368$920,622
75$1,096,752$490,783$372,493$967,423
76$1,172,428$478,639$348,780$1,018,146
77$1,254,684$464,761$323,132$1,073,189
78$1,344,154$449,026$295,449$1,132,992
79$1,441,537$431,308$265,626$1,198,039
80$1,547,602$411,470$233,552$1,268,866
81$1,663,195$389,369$199,114$1,346,065
82$1,789,247$364,854$162,190$1,430,288
83$1,926,783$337,765$122,656$1,522,257
84$2,076,931$307,932$80,382$1,622,767
85$2,240,933$275,176$35,230$1,732,697
86$2,420,157$239,308$0$1,853,017
87$2,616,106$200,128$0$1,987,147
88$2,830,439$157,424$0$2,140,890
89$3,064,980$110,974$0$2,309,182
90$3,321,738$60,541$0$2,493,492
91$3,602,926$5,878$0$2,695,437
92$3,910,979$0$0$2,916,802
93$4,248,581$0$0$3,168,348
94$4,618,686$0$0$3,445,206
95$5,024,551$0$0$3,748,845
96$5,469,758$0$0$4,081,951
97$5,958,257$0$0$4,447,481
98$6,494,395$0$0$4,848,693
99$7,082,965$0$0$5,289,179
100$7,729,242$0$0$5,772,890