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%14.5%
1 years$42,198$41,822$41,455$41,097$40,748$39,991
2 years$20,890$20,501$20,124$19,758$19,404$18,644
3 years$13,788$13,398$13,022$12,659$12,311$11,571
4 years$10,238$9,849$9,476$9,120$8,780$8,067
5 years$8,109$7,721$7,354$7,005$6,674$5,990
6 years$6,689$6,305$5,943$5,602$5,281$4,626
7 years$5,676$5,295$4,939$4,606$4,295$3,670
8 years$4,916$4,539$4,188$3,864$3,563$2,967
9 years$4,326$3,952$3,608$3,291$3,001$2,434
10 years$3,854$3,483$3,145$2,837$2,557$2,018
11 years$3,468$3,101$2,769$2,469$2,199$1,688
12 years$3,146$2,783$2,457$2,166$1,906$1,422
13 years$2,874$2,515$2,195$1,912$1,662$1,205
14 years$2,642$2,286$1,973$1,697$1,457$1,025
15 years$2,440$2,089$1,781$1,514$1,282$876
16 years$2,264$1,916$1,615$1,355$1,133$750
17 years$2,109$1,765$1,469$1,218$1,005$645
18 years$1,971$1,631$1,341$1,097$894$555
19 years$1,847$1,511$1,228$992$796$479
20 years$1,737$1,404$1,127$898$711$414
21 years$1,637$1,308$1,037$815$637$358
22 years$1,546$1,221$955$741$571$311
23 years$1,463$1,142$882$675$512$269
24 years$1,387$1,070$816$616$460$234
25 years$1,317$1,004$756$562$414$203
26 years$1,253$944$701$514$373$177
27 years$1,194$888$651$470$336$154
28 years$1,139$837$605$431$304$134
29 years$1,088$790$563$395$274$117
30 years$1,040$746$524$363$248$102
31 years$996$705$489$333$224$88
32 years$954$667$456$306$203$77
33 years$915$632$426$282$183$67
34 years$879$599$398$259$166$59
35 years$844$568$372$238$150$51
36 years$812$539$348$220$136$45
37 years$781$512$326$202$123$39
38 years$752$486$305$187$112$34
39 years$725$463$286$172$102$30
40 years$699$440$268$159$92$26
41 years$674$419$251$146$84$23
42 years$651$399$236$135$76$20
43 years$628$380$221$125$69$17
44 years$607$362$208$115$62$15
45 years$587$346$195$106$57$13
46 years$568$330$183$98$51$11
47 years$549$315$172$91$47$10
48 years$532$300$162$84$42$9
49 years$515$287$152$77$39$8
50 years$499$274$143$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $511,000, adding $5,629 every year, while hoping to spend $26,802 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: 39/49/12 Blend
63$511,000$511,000$511,000$511,000
64$568,928$541,845$533,925$588,852
65$598,442$539,879$523,294$601,534
66$630,068$536,917$511,409$612,191
67$663,992$532,884$498,199$623,123
68$700,422$527,698$483,591$634,367
69$739,581$521,271$467,508$645,965
70$781,718$513,513$449,869$657,968
71$827,104$504,326$430,590$670,432
72$876,037$493,606$409,583$683,421
73$928,845$481,245$386,756$697,008
74$985,888$467,127$362,014$711,276
75$1,047,562$451,130$335,255$726,322
76$1,114,302$433,124$306,375$742,251
77$1,186,586$412,972$275,263$759,187
78$1,264,940$390,530$241,806$777,265
79$1,349,941$365,643$205,884$796,641
80$1,442,226$338,150$167,372$817,489
81$1,542,493$307,880$126,140$840,006
82$1,651,513$274,651$82,050$864,413
83$1,770,130$238,272$34,962$890,956
84$1,899,276$198,541$0$919,914
85$2,039,976$155,243$0$953,557
86$2,193,357$108,153$0$995,178
87$2,360,660$57,033$0$1,040,709
88$2,543,251$1,631$0$1,090,606
89$2,742,633$0$0$1,145,378
90$2,960,461$0$0$1,237,038
91$3,198,556$0$0$1,338,255
92$3,458,926$0$0$1,449,009
93$3,743,778$0$0$1,570,249
94$4,055,544$0$0$1,703,020
95$4,396,902$0$0$1,848,469
96$4,770,801$0$0$2,007,865
97$5,180,488$0$0$2,182,600
98$5,629,540$0$0$2,374,212
99$6,121,895$0$0$2,584,391
100$6,661,892$0$0$2,815,001