Can I retire at age 64 with 511,000?

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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$42,198$41,822$41,455$41,097$40,748$40,239
2 years$20,890$20,501$20,124$19,758$19,404$18,891
3 years$13,788$13,398$13,022$12,659$12,311$11,811
4 years$10,238$9,849$9,476$9,120$8,780$8,297
5 years$8,109$7,721$7,354$7,005$6,674$6,209
6 years$6,689$6,305$5,943$5,602$5,281$4,835
7 years$5,676$5,295$4,939$4,606$4,295$3,867
8 years$4,916$4,539$4,188$3,864$3,563$3,154
9 years$4,326$3,952$3,608$3,291$3,001$2,610
10 years$3,854$3,483$3,145$2,837$2,557$2,185
11 years$3,468$3,101$2,769$2,469$2,199$1,845
12 years$3,146$2,783$2,457$2,166$1,906$1,569
13 years$2,874$2,515$2,195$1,912$1,662$1,342
14 years$2,642$2,286$1,973$1,697$1,457$1,154
15 years$2,440$2,089$1,781$1,514$1,282$996
16 years$2,264$1,916$1,615$1,355$1,133$862
17 years$2,109$1,765$1,469$1,218$1,005$749
18 years$1,971$1,631$1,341$1,097$894$652
19 years$1,847$1,511$1,228$992$796$569
20 years$1,737$1,404$1,127$898$711$497
21 years$1,637$1,308$1,037$815$637$435
22 years$1,546$1,221$955$741$571$381
23 years$1,463$1,142$882$675$512$335
24 years$1,387$1,070$816$616$460$294
25 years$1,317$1,004$756$562$414$259
26 years$1,253$944$701$514$373$228
27 years$1,194$888$651$470$336$200
28 years$1,139$837$605$431$304$177
29 years$1,088$790$563$395$274$156
30 years$1,040$746$524$363$248$137
31 years$996$705$489$333$224$121
32 years$954$667$456$306$203$107
33 years$915$632$426$282$183$94
34 years$879$599$398$259$166$83
35 years$844$568$372$238$150$74
36 years$812$539$348$220$136$65
37 years$781$512$326$202$123$57
38 years$752$486$305$187$112$51
39 years$725$463$286$172$102$45
40 years$699$440$268$159$92$40
41 years$674$419$251$146$84$35
42 years$651$399$236$135$76$31
43 years$628$380$221$125$69$27
44 years$607$362$208$115$62$24
45 years$587$346$195$106$57$21
46 years$568$330$183$98$51$19
47 years$549$315$172$91$47$17
48 years$532$300$162$84$42$15
49 years$515$287$152$77$39$13
50 years$499$274$143$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $511,000, adding $2,225 every year, while hoping to spend $36,167 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: 29/43/28 Blend
63$511,000$511,000$511,000$511,000
64$565,417$538,334$530,414$576,876
65$584,608$526,231$509,701$574,003
66$604,545$512,323$487,082$567,629
67$625,264$496,483$462,456$560,054
68$646,808$478,577$435,714$551,201
69$669,218$458,463$406,747$540,987
70$692,542$435,991$375,437$529,327
71$716,829$411,003$341,662$516,128
72$742,134$383,330$305,296$501,297
73$768,514$352,796$266,205$484,732
74$796,031$319,211$224,252$466,330
75$824,752$282,379$179,290$445,980
76$854,750$242,088$131,170$423,567
77$886,103$198,119$79,732$398,971
78$918,895$150,236$24,812$372,065
79$953,217$98,193$0$342,718
80$989,170$41,729$0$320,888
81$1,026,859$0$0$304,902
82$1,066,402$0$0$296,439
83$1,107,924$0$0$308,312
84$1,151,563$0$0$320,816
85$1,197,468$0$0$334,000
86$1,245,802$0$0$347,913
87$1,296,740$0$0$362,610
88$1,350,476$0$0$378,151
89$1,407,220$0$0$394,602
90$1,467,199$0$0$412,034
91$1,530,665$0$0$430,525
92$1,597,889$0$0$450,161
93$1,669,169$0$0$471,036
94$1,744,832$0$0$493,250
95$1,825,232$0$0$516,917
96$1,910,759$0$0$542,159
97$2,001,840$0$0$569,109
98$2,098,941$0$0$597,916
99$2,202,573$0$0$628,739
100$2,313,296$0$0$661,757