Can I retire at age 64 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,693$42,313$41,942$41,580$41,226$40,661
2 years$21,135$20,742$20,360$19,990$19,632$19,063
3 years$13,950$13,555$13,174$12,808$12,455$11,901
4 years$10,358$9,964$9,588$9,227$8,883$8,347
5 years$8,204$7,812$7,440$7,088$6,753$6,237
6 years$6,768$6,379$6,013$5,668$5,343$4,849
7 years$5,743$5,357$4,997$4,660$4,345$3,872
8 years$4,974$4,592$4,238$3,909$3,605$3,152
9 years$4,377$3,998$3,650$3,330$3,036$2,604
10 years$3,899$3,524$3,182$2,870$2,587$2,176
11 years$3,508$3,137$2,801$2,498$2,225$1,834
12 years$3,183$2,816$2,486$2,191$1,928$1,556
13 years$2,908$2,545$2,221$1,934$1,681$1,329
14 years$2,673$2,313$1,996$1,717$1,474$1,140
15 years$2,469$2,113$1,802$1,531$1,298$982
16 years$2,291$1,939$1,634$1,371$1,147$848
17 years$2,133$1,786$1,487$1,232$1,017$735
18 years$1,994$1,650$1,357$1,110$904$639
19 years$1,869$1,529$1,242$1,003$806$556
20 years$1,757$1,421$1,140$909$720$485
21 years$1,656$1,324$1,049$825$644$424
22 years$1,564$1,235$967$750$577$370
23 years$1,480$1,156$892$683$518$324
24 years$1,403$1,083$825$623$466$284
25 years$1,333$1,016$764$569$419$249
26 years$1,268$955$709$520$378$219
27 years$1,208$899$658$476$340$192
28 years$1,152$847$612$436$307$169
29 years$1,101$799$570$400$277$149
30 years$1,052$754$531$367$251$131
31 years$1,007$713$495$337$227$115
32 years$965$675$461$310$205$101
33 years$926$639$431$285$185$89
34 years$889$606$403$262$168$79
35 years$854$574$376$241$152$69
36 years$821$545$352$222$138$61
37 years$790$518$330$205$125$54
38 years$761$492$309$189$113$47
39 years$733$468$289$174$103$42
40 years$707$445$271$161$93$37
41 years$682$424$254$148$85$33
42 years$658$404$238$137$77$29
43 years$636$385$224$126$70$25
44 years$614$367$210$116$63$22
45 years$594$350$197$108$57$20
46 years$574$334$185$99$52$17
47 years$556$318$174$92$47$15
48 years$538$304$163$85$43$14
49 years$521$290$154$78$39$12
50 years$505$277$144$72$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $517,000, adding $3,943 every year, while hoping to spend $28,515 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: 58/12/30 Blend
63$517,000$517,000$517,000$517,000
64$573,801$546,400$538,387$602,153
65$601,989$542,834$526,083$618,490
66$632,097$538,138$512,411$632,975
67$664,289$532,225$497,296$648,194
68$698,749$525,006$480,657$664,228
69$735,674$516,384$462,412$681,166
70$775,284$506,258$442,474$699,108
71$817,818$494,520$420,752$718,165
72$863,539$481,055$397,151$738,462
73$912,737$465,743$371,572$760,138
74$965,727$448,456$343,911$783,347
75$1,022,860$429,059$314,061$808,262
76$1,084,517$407,408$281,907$835,074
77$1,151,118$383,352$247,331$863,995
78$1,223,126$356,730$210,211$895,264
79$1,301,049$327,374$170,417$929,143
80$1,385,444$295,103$127,814$965,925
81$1,476,926$259,730$82,263$1,005,935
82$1,576,170$221,054$33,616$1,049,533
83$1,683,917$178,863$0$1,097,121
84$1,800,984$132,935$0$1,155,000
85$1,928,269$83,034$0$1,229,670
86$2,066,760$28,910$0$1,310,957
87$2,217,545$0$0$1,399,524
88$2,381,818$0$0$1,500,021
89$2,560,897$0$0$1,613,777
90$2,756,230$0$0$1,737,900
91$2,969,412$0$0$1,873,409
92$3,202,198$0$0$2,021,424
93$3,456,520$0$0$2,183,180
94$3,734,506$0$0$2,360,035
95$4,038,496$0$0$2,553,486
96$4,371,071$0$0$2,765,180
97$4,735,068$0$0$2,996,931
98$5,133,616$0$0$3,250,736
99$5,570,155$0$0$3,528,795
100$6,048,478$0$0$3,833,530