Can I retire at age 64 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$43,437$43,050$42,672$42,304$41,944$41,593
2 years$21,503$21,103$20,715$20,338$19,973$19,619
3 years$14,193$13,791$13,404$13,031$12,672$12,326
4 years$10,539$10,138$9,755$9,388$9,038$8,703
5 years$8,347$7,948$7,570$7,211$6,870$6,547
6 years$6,886$6,490$6,118$5,767$5,436$5,125
7 years$5,843$5,451$5,084$4,741$4,421$4,123
8 years$5,061$4,672$4,311$3,977$3,668$3,382
9 years$4,453$4,068$3,713$3,388$3,089$2,815
10 years$3,967$3,586$3,237$2,920$2,632$2,370
11 years$3,570$3,192$2,850$2,541$2,263$2,014
12 years$3,239$2,865$2,529$2,229$1,961$1,723
13 years$2,959$2,589$2,260$1,968$1,710$1,484
14 years$2,719$2,353$2,031$1,747$1,499$1,284
15 years$2,512$2,150$1,833$1,558$1,320$1,116
16 years$2,330$1,973$1,662$1,395$1,167$973
17 years$2,171$1,817$1,513$1,253$1,035$851
18 years$2,029$1,679$1,381$1,130$920$746
19 years$1,902$1,556$1,264$1,021$820$656
20 years$1,788$1,446$1,160$924$732$577
21 years$1,685$1,347$1,067$839$655$509
22 years$1,591$1,257$983$763$587$450
23 years$1,506$1,176$908$695$527$398
24 years$1,428$1,102$840$634$474$352
25 years$1,356$1,034$778$579$426$312
26 years$1,290$972$721$529$384$277
27 years$1,229$914$670$484$346$246
28 years$1,172$862$623$444$313$218
29 years$1,120$813$579$407$282$194
30 years$1,071$768$540$373$255$172
31 years$1,025$726$503$343$231$153
32 years$982$687$469$315$209$136
33 years$942$650$438$290$189$121
34 years$904$616$410$267$171$108
35 years$869$584$383$245$155$96
36 years$835$555$358$226$140$86
37 years$804$527$335$208$127$77
38 years$774$501$314$192$115$68
39 years$746$476$294$177$104$61
40 years$719$453$276$163$95$54
41 years$694$431$259$151$86$48
42 years$670$411$243$139$78$43
43 years$647$391$228$128$71$38
44 years$625$373$214$119$64$34
45 years$604$356$201$109$58$31
46 years$584$339$188$101$53$27
47 years$565$324$177$93$48$24
48 years$547$309$166$86$44$22
49 years$530$295$156$80$40$19
50 years$514$282$147$74$36$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $526,000, adding $2,084 every year, while hoping to spend $32,812 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: 53/39/8 Blend
63$526,000$526,000$526,000$526,000
64$581,802$553,924$545,771$611,384
65$606,234$546,154$529,142$623,912
66$632,058$536,904$510,857$633,782
67$659,382$526,067$490,825$643,737
68$688,323$513,528$468,952$653,791
69$719,009$499,168$445,139$663,961
70$751,581$482,860$419,283$674,269
71$786,190$464,468$391,277$684,741
72$823,005$443,850$361,008$695,406
73$862,208$420,856$328,359$706,300
74$904,001$395,325$293,207$717,465
75$948,603$367,090$255,423$728,950
76$996,255$335,972$214,874$740,812
77$1,047,220$301,782$171,419$753,116
78$1,101,788$264,321$124,914$765,938
79$1,160,276$223,379$75,204$779,363
80$1,223,033$178,732$22,132$793,492
81$1,290,440$130,148$0$808,438
82$1,362,915$77,376$0$827,276
83$1,440,920$20,155$0$849,413
84$1,524,960$0$0$873,141
85$1,615,589$0$0$916,600
86$1,713,418$0$0$972,887
87$1,819,116$0$0$1,033,744
88$1,933,419$0$0$1,099,599
89$2,057,137$0$0$1,170,924
90$2,191,160$0$0$1,248,238
91$2,336,464$0$0$1,332,111
92$2,494,127$0$0$1,423,171
93$2,665,331$0$0$1,522,108
94$2,851,376$0$0$1,629,680
95$3,053,695$0$0$1,746,722
96$3,273,862$0$0$1,874,153
97$3,513,610$0$0$2,012,983
98$3,774,845$0$0$2,164,326
99$4,059,666$0$0$2,329,406
100$4,370,382$0$0$2,509,570