Can I retire at age 64 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$43,849$43,459$43,078$42,706$42,343$41,252
2 years$21,708$21,303$20,912$20,532$20,163$19,072
3 years$14,328$13,922$13,531$13,155$12,792$11,734
4 years$10,639$10,234$9,847$9,477$9,124$8,107
5 years$8,426$8,024$7,642$7,279$6,936$5,963
6 years$6,951$6,552$6,176$5,821$5,488$4,560
7 years$5,898$5,502$5,132$4,786$4,463$3,581
8 years$5,109$4,716$4,352$4,015$3,703$2,865
9 years$4,495$4,107$3,749$3,420$3,118$2,325
10 years$4,005$3,620$3,268$2,948$2,657$1,907
11 years$3,603$3,222$2,877$2,566$2,285$1,577
12 years$3,269$2,892$2,554$2,250$1,980$1,313
13 years$2,987$2,614$2,281$1,987$1,727$1,099
14 years$2,745$2,376$2,050$1,764$1,514$923
15 years$2,536$2,170$1,851$1,573$1,333$779
16 years$2,353$1,991$1,678$1,408$1,178$659
17 years$2,191$1,834$1,527$1,265$1,044$559
18 years$2,048$1,695$1,394$1,140$929$475
19 years$1,920$1,571$1,276$1,030$828$405
20 years$1,805$1,459$1,171$933$739$345
21 years$1,701$1,359$1,077$847$662$294
22 years$1,606$1,269$993$770$593$252
23 years$1,520$1,187$917$701$532$215
24 years$1,441$1,112$848$640$478$184
25 years$1,369$1,044$785$584$431$158
26 years$1,302$981$728$534$388$135
27 years$1,241$923$676$489$350$116
28 years$1,183$870$629$448$315$99
29 years$1,130$821$585$411$285$85
30 years$1,081$775$545$377$257$73
31 years$1,035$733$508$346$233$63
32 years$991$693$474$318$211$54
33 years$951$656$443$293$191$46
34 years$913$622$413$269$172$40
35 years$877$590$387$248$156$34
36 years$843$560$362$228$142$29
37 years$812$532$338$210$128$25
38 years$781$506$317$194$116$22
39 years$753$481$297$179$105$19
40 years$726$457$278$165$96$16
41 years$700$435$261$152$87$14
42 years$676$415$245$140$79$12
43 years$653$395$230$130$71$10
44 years$631$377$216$120$65$9
45 years$610$359$202$110$59$8
46 years$590$343$190$102$53$6
47 years$571$327$179$94$49$6
48 years$553$312$168$87$44$5
49 years$535$298$158$81$40$4
50 years$518$285$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $531,000, adding $4,105 every year, while hoping to spend $44,613 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: 40/32/28 Blend
63$531,000$531,000$531,000$531,000
64$589,396$561,253$553,023$607,962
65$602,047$541,287$524,081$601,866
66$614,492$518,847$492,675$590,830
67$626,665$493,765$458,674$578,038
68$638,489$465,863$421,943$563,360
69$649,877$434,953$382,341$546,652
70$660,734$400,835$339,719$527,763
71$670,953$363,300$293,923$506,530
72$680,413$322,124$244,793$482,779
73$688,980$277,074$192,158$456,324
74$696,505$227,899$135,844$426,964
75$702,820$174,338$75,667$394,484
76$707,741$116,113$11,435$358,656
77$711,061$52,933$0$319,230
78$712,549$0$0$293,006
79$711,952$0$0$272,852
80$708,986$0$0$270,254
81$703,336$0$0$266,432
82$694,654$0$0$261,231
83$682,553$0$0$254,481
84$666,605$0$0$245,989
85$646,334$0$0$235,547
86$621,216$0$0$222,920
87$590,667$0$0$207,850
88$554,045$0$0$190,053
89$510,635$0$0$169,211
90$459,650$0$0$144,977
91$400,218$0$0$116,964
92$331,375$0$0$84,745
93$252,056$0$0$47,850
94$161,082$0$0$5,756
95$57,154$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