Can I retire at age 64 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$43,519$43,132$42,753$42,384$42,024$41,516
2 years$21,544$21,143$20,754$20,377$20,011$19,500
3 years$14,220$13,817$13,429$13,056$12,696$12,197
4 years$10,559$10,157$9,773$9,406$9,055$8,573
5 years$8,363$7,963$7,584$7,225$6,883$6,419
6 years$6,899$6,503$6,129$5,778$5,447$5,001
7 years$5,854$5,461$5,093$4,750$4,430$4,002
8 years$5,070$4,681$4,320$3,985$3,675$3,266
9 years$4,461$4,076$3,720$3,394$3,095$2,705
10 years$3,974$3,592$3,244$2,926$2,637$2,265
11 years$3,576$3,198$2,856$2,546$2,268$1,914
12 years$3,245$2,870$2,534$2,233$1,965$1,628
13 years$2,964$2,594$2,264$1,972$1,714$1,394
14 years$2,724$2,358$2,034$1,750$1,502$1,199
15 years$2,517$2,154$1,837$1,561$1,323$1,036
16 years$2,335$1,976$1,665$1,398$1,169$897
17 years$2,175$1,820$1,515$1,256$1,036$780
18 years$2,032$1,682$1,383$1,132$922$679
19 years$1,905$1,559$1,266$1,023$821$593
20 years$1,791$1,448$1,162$926$734$519
21 years$1,688$1,349$1,069$841$657$455
22 years$1,594$1,259$985$764$589$399
23 years$1,509$1,178$910$696$528$350
24 years$1,431$1,104$841$635$475$308
25 years$1,359$1,036$779$580$427$271
26 years$1,292$973$723$530$385$239
27 years$1,231$916$671$485$347$210
28 years$1,175$863$624$445$313$185
29 years$1,122$814$581$408$283$164
30 years$1,073$769$541$374$255$144
31 years$1,027$727$504$344$231$127
32 years$984$688$470$316$209$113
33 years$944$651$439$290$189$100
34 years$906$617$410$267$171$88
35 years$870$586$384$246$155$78
36 years$837$556$359$227$140$69
37 years$805$528$336$209$127$61
38 years$776$502$315$192$115$54
39 years$747$477$295$177$105$48
40 years$720$454$276$164$95$42
41 years$695$432$259$151$86$37
42 years$671$411$243$139$78$33
43 years$648$392$228$129$71$29
44 years$626$374$214$119$64$26
45 years$605$356$201$110$58$23
46 years$585$340$189$101$53$20
47 years$567$324$177$94$48$18
48 years$548$310$167$86$44$16
49 years$531$296$157$80$40$14
50 years$515$283$147$74$36$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $527,000, adding $5,927 every year, while hoping to spend $28,424 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: 79/14/7 Blend
63$527,000$527,000$527,000$527,000
64$586,868$558,937$550,768$632,297
65$616,485$556,082$538,976$660,074
66$648,171$552,134$525,836$686,214
67$682,106$547,010$511,273$714,039
68$718,489$540,622$495,209$743,704
69$757,538$532,875$477,561$775,379
70$799,491$523,670$458,244$809,250
71$844,611$512,902$437,167$845,524
72$893,185$500,458$414,236$884,428
73$945,531$486,221$389,353$926,214
74$1,001,995$470,066$362,416$971,159
75$1,062,958$451,859$333,318$1,019,567
76$1,128,841$431,461$301,945$1,071,775
77$1,200,104$408,724$268,181$1,128,153
78$1,277,254$383,491$231,904$1,189,112
79$1,360,847$355,595$192,987$1,255,102
80$1,451,496$324,862$151,294$1,326,622
81$1,549,875$291,106$106,688$1,404,220
82$1,656,723$254,131$59,023$1,488,502
83$1,772,855$213,731$8,148$1,580,136
84$1,899,169$169,686$0$1,679,858
85$2,036,649$121,765$0$1,791,929
86$2,186,380$69,725$0$1,914,670
87$2,349,557$13,307$0$2,048,476
88$2,527,494$0$0$2,194,448
89$2,721,635$0$0$2,361,162
90$2,933,574$0$0$2,545,412
91$3,165,062$0$0$2,746,673
92$3,418,028$0$0$2,966,624
93$3,694,595$0$0$3,207,113
94$3,997,103$0$0$3,470,176
95$4,328,124$0$0$3,758,054
96$4,690,494$0$0$4,073,213
97$5,087,334$0$0$4,418,371
98$5,522,081$0$0$4,796,521
99$5,998,522$0$0$5,210,958
100$6,520,825$0$0$5,665,311