Can I retire at age 64 with 517,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$42,693$42,313$41,942$41,580$41,226$40,230
2 years$21,135$20,742$20,360$19,990$19,632$18,633
3 years$13,950$13,555$13,174$12,808$12,455$11,487
4 years$10,358$9,964$9,588$9,227$8,883$7,952
5 years$8,204$7,812$7,440$7,088$6,753$5,861
6 years$6,768$6,379$6,013$5,668$5,343$4,493
7 years$5,743$5,357$4,997$4,660$4,345$3,536
8 years$4,974$4,592$4,238$3,909$3,605$2,835
9 years$4,377$3,998$3,650$3,330$3,036$2,306
10 years$3,899$3,524$3,182$2,870$2,587$1,896
11 years$3,508$3,137$2,801$2,498$2,225$1,572
12 years$3,183$2,816$2,486$2,191$1,928$1,312
13 years$2,908$2,545$2,221$1,934$1,681$1,101
14 years$2,673$2,313$1,996$1,717$1,474$928
15 years$2,469$2,113$1,802$1,531$1,298$785
16 years$2,291$1,939$1,634$1,371$1,147$666
17 years$2,133$1,786$1,487$1,232$1,017$567
18 years$1,994$1,650$1,357$1,110$904$483
19 years$1,869$1,529$1,242$1,003$806$413
20 years$1,757$1,421$1,140$909$720$353
21 years$1,656$1,324$1,049$825$644$302
22 years$1,564$1,235$967$750$577$259
23 years$1,480$1,156$892$683$518$222
24 years$1,403$1,083$825$623$466$191
25 years$1,333$1,016$764$569$419$164
26 years$1,268$955$709$520$378$141
27 years$1,208$899$658$476$340$121
28 years$1,152$847$612$436$307$104
29 years$1,101$799$570$400$277$90
30 years$1,052$754$531$367$251$77
31 years$1,007$713$495$337$227$67
32 years$965$675$461$310$205$57
33 years$926$639$431$285$185$49
34 years$889$606$403$262$168$43
35 years$854$574$376$241$152$37
36 years$821$545$352$222$138$32
37 years$790$518$330$205$125$27
38 years$761$492$309$189$113$24
39 years$733$468$289$174$103$20
40 years$707$445$271$161$93$18
41 years$682$424$254$148$85$15
42 years$658$404$238$137$77$13
43 years$636$385$224$126$70$11
44 years$614$367$210$116$63$10
45 years$594$350$197$108$57$8
46 years$574$334$185$99$52$7
47 years$556$318$174$92$47$6
48 years$538$304$163$85$43$5
49 years$521$290$154$78$39$5
50 years$505$277$144$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $517,000, adding $5,080 every year, while hoping to spend $39,963 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: 45/49/6 Blend
63$517,000$517,000$517,000$517,000
64$574,974$547,573$539,560$599,669
65$591,101$531,884$515,114$601,521
66$607,534$514,086$488,511$598,968
67$624,261$494,035$459,635$595,266
68$641,269$471,577$428,366$590,320
69$658,542$446,548$394,580$584,031
70$676,061$418,776$358,146$576,293
71$693,802$388,079$318,927$566,993
72$711,740$354,265$276,781$556,010
73$729,843$317,129$231,559$543,215
74$748,076$276,458$183,105$528,470
75$766,399$232,023$131,258$511,629
76$784,763$183,584$75,847$492,533
77$803,118$130,888$16,696$471,016
78$821,400$73,667$0$446,899
79$839,544$11,637$0$422,962
80$857,470$0$0$397,363
81$875,092$0$0$398,752
82$892,311$0$0$406,182
83$909,018$0$0$413,323
84$925,088$0$0$420,112
85$940,382$0$0$426,479
86$954,746$0$0$432,347
87$968,006$0$0$437,627
88$979,969$0$0$442,224
89$990,419$0$0$446,028
90$999,115$0$0$448,919
91$1,005,790$0$0$450,763
92$1,010,145$0$0$451,411
93$1,011,851$0$0$450,697
94$1,010,538$0$0$448,437
95$1,005,800$0$0$444,427
96$997,181$0$0$438,441
97$984,181$0$0$430,229
98$966,241$0$0$419,511
99$942,744$0$0$405,980
100$913,006$0$0$389,294