Can I retire at age 64 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$42,528$42,149$41,780$41,419$41,067$40,791
2 years$21,054$20,661$20,281$19,913$19,556$19,277
3 years$13,896$13,502$13,123$12,758$12,407$12,135
4 years$10,318$9,926$9,551$9,192$8,849$8,585
5 years$8,172$7,782$7,412$7,060$6,727$6,472
6 years$6,742$6,355$5,990$5,646$5,323$5,078
7 years$5,721$5,337$4,977$4,642$4,329$4,093
8 years$4,955$4,574$4,221$3,894$3,591$3,365
9 years$4,360$3,983$3,636$3,317$3,024$2,808
10 years$3,884$3,511$3,170$2,859$2,577$2,370
11 years$3,495$3,125$2,791$2,488$2,216$2,018
12 years$3,171$2,805$2,477$2,183$1,920$1,732
13 years$2,897$2,535$2,213$1,927$1,675$1,495
14 years$2,662$2,304$1,988$1,710$1,468$1,297
15 years$2,459$2,105$1,795$1,525$1,293$1,130
16 years$2,282$1,931$1,627$1,366$1,142$988
17 years$2,125$1,779$1,481$1,227$1,013$866
18 years$1,986$1,644$1,352$1,106$901$762
19 years$1,862$1,523$1,238$999$803$671
20 years$1,750$1,415$1,136$905$717$593
21 years$1,649$1,318$1,045$821$642$524
22 years$1,558$1,231$963$747$575$465
23 years$1,474$1,151$889$680$516$412
24 years$1,398$1,078$822$620$464$366
25 years$1,328$1,012$762$567$418$325
26 years$1,263$951$706$518$376$289
27 years$1,203$895$656$474$339$258
28 years$1,148$844$610$434$306$230
29 years$1,096$796$567$398$276$205
30 years$1,048$752$528$366$250$183
31 years$1,004$710$493$336$226$163
32 years$962$672$460$309$204$146
33 years$922$637$429$284$185$130
34 years$885$603$401$261$167$116
35 years$851$572$375$240$152$104
36 years$818$543$351$221$137$93
37 years$787$516$328$204$124$83
38 years$758$490$307$188$113$74
39 years$730$466$288$173$102$66
40 years$704$444$270$160$93$59
41 years$679$422$253$148$84$53
42 years$656$402$237$136$76$48
43 years$633$383$223$126$69$43
44 years$612$365$209$116$63$38
45 years$592$348$196$107$57$34
46 years$572$332$184$99$52$31
47 years$554$317$173$91$47$27
48 years$536$303$163$85$43$25
49 years$519$289$153$78$39$22
50 years$503$276$144$72$35$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $515,000, adding $2,732 every year, while hoping to spend $45,432 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: 59/28/13 Blend
63$515,000$515,000$515,000$515,000
64$570,348$543,053$535,071$602,003
65$580,184$521,323$504,656$601,933
66$589,501$497,006$471,700$596,540
67$598,198$469,927$436,069$589,576
68$606,161$439,901$397,625$580,896
69$613,265$406,732$356,222$570,341
70$619,371$370,214$311,707$557,738
71$624,321$330,129$263,924$542,902
72$627,942$286,245$212,705$525,629
73$630,040$238,319$157,879$505,698
74$630,400$186,093$99,264$482,871
75$628,785$129,296$36,674$456,886
76$624,928$67,638$0$427,461
77$618,537$818$0$398,466
78$609,284$0$0$371,089
79$596,808$0$0$361,928
80$580,710$0$0$350,639
81$560,544$0$0$336,680
82$535,821$0$0$319,730
83$505,996$0$0$299,436
84$470,468$0$0$275,406
85$428,572$0$0$247,205
86$379,570$0$0$214,355
87$322,650$0$0$176,325
88$256,911$0$0$132,529
89$181,360$0$0$82,320
90$94,896$0$0$24,982
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0