Can I retire at age 64 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$42,446$42,068$41,699$41,339$40,987$39,659
2 years$21,013$20,621$20,242$19,874$19,518$18,192
3 years$13,869$13,476$13,098$12,734$12,383$11,102
4 years$10,298$9,906$9,532$9,174$8,832$7,604
5 years$8,156$7,767$7,397$7,046$6,714$5,543
6 years$6,729$6,342$5,978$5,635$5,312$4,200
7 years$5,709$5,326$4,968$4,633$4,320$3,266
8 years$4,945$4,566$4,213$3,886$3,584$2,588
9 years$4,351$3,975$3,629$3,310$3,018$2,078
10 years$3,876$3,504$3,164$2,854$2,572$1,686
11 years$3,488$3,119$2,785$2,483$2,212$1,379
12 years$3,165$2,800$2,472$2,178$1,917$1,135
13 years$2,891$2,530$2,208$1,923$1,671$939
14 years$2,657$2,300$1,984$1,707$1,465$780
15 years$2,454$2,101$1,791$1,522$1,290$651
16 years$2,277$1,928$1,624$1,363$1,140$544
17 years$2,121$1,775$1,478$1,225$1,011$455
18 years$1,982$1,640$1,349$1,104$899$382
19 years$1,858$1,520$1,235$997$801$321
20 years$1,747$1,413$1,134$903$716$270
21 years$1,646$1,316$1,043$820$640$228
22 years$1,555$1,228$961$745$574$192
23 years$1,472$1,149$887$679$515$162
24 years$1,395$1,076$821$619$463$137
25 years$1,325$1,010$760$565$417$116
26 years$1,261$949$705$517$375$98
27 years$1,201$893$655$473$338$83
28 years$1,146$842$608$434$305$70
29 years$1,094$794$566$398$276$59
30 years$1,046$750$527$365$249$50
31 years$1,002$709$492$335$225$42
32 years$960$671$459$308$204$36
33 years$920$635$428$283$184$30
34 years$884$602$400$261$167$26
35 years$849$571$374$240$151$22
36 years$816$542$350$221$137$18
37 years$786$515$328$204$124$16
38 years$756$489$307$188$113$13
39 years$729$465$287$173$102$11
40 years$703$443$269$160$93$10
41 years$678$421$253$147$84$8
42 years$654$401$237$136$76$7
43 years$632$382$222$125$69$6
44 years$611$364$209$116$63$5
45 years$590$348$196$107$57$4
46 years$571$332$184$99$52$4
47 years$553$316$173$91$47$3
48 years$535$302$163$84$43$3
49 years$518$288$153$78$39$2
50 years$502$276$144$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $514,000, adding $4,266 every year, while hoping to spend $34,410 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: 43/44/13 Blend
63$514,000$514,000$514,000$514,000
64$570,828$543,586$535,619$593,047
65$592,441$533,610$516,951$599,037
66$615,105$521,992$496,503$601,747
67$638,890$508,615$474,181$603,927
68$663,875$493,355$449,884$605,545
69$690,143$476,081$423,508$606,564
70$717,784$456,656$394,942$606,949
71$746,898$434,932$364,073$606,665
72$777,593$410,755$330,780$605,674
73$809,985$383,960$294,939$603,941
74$844,204$354,374$256,419$601,427
75$880,388$321,813$215,085$598,098
76$918,690$286,085$170,793$593,916
77$959,277$246,984$123,395$588,846
78$1,002,330$204,293$72,736$582,853
79$1,048,049$157,785$18,654$575,905
80$1,096,651$107,217$0$567,971
81$1,148,374$52,335$0$564,441
82$1,203,478$0$0$562,983
83$1,262,249$0$0$564,465
84$1,325,000$0$0$593,140
85$1,392,071$0$0$623,828
86$1,463,840$0$0$656,708
87$1,540,717$0$0$691,974
88$1,623,154$0$0$729,837
89$1,711,646$0$0$770,531
90$1,806,736$0$0$814,313
91$1,909,021$0$0$861,465
92$2,019,157$0$0$912,294
93$2,137,862$0$0$967,142
94$2,265,926$0$0$1,026,380
95$2,404,218$0$0$1,090,420
96$2,553,691$0$0$1,159,711
97$2,715,395$0$0$1,234,749
98$2,890,481$0$0$1,316,078
99$3,080,216$0$0$1,404,297
100$3,285,994$0$0$1,500,065