Can I retire at age 64 with 531,000?

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 $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%18.6%
1 years$43,849$43,459$43,078$42,706$42,343$40,873
2 years$21,708$21,303$20,912$20,532$20,163$18,698
3 years$14,328$13,922$13,531$13,155$12,792$11,377
4 years$10,639$10,234$9,847$9,477$9,124$7,769
5 years$8,426$8,024$7,642$7,279$6,936$5,646
6 years$6,951$6,552$6,176$5,821$5,488$4,264
7 years$5,898$5,502$5,132$4,786$4,463$3,305
8 years$5,109$4,716$4,352$4,015$3,703$2,608
9 years$4,495$4,107$3,749$3,420$3,118$2,087
10 years$4,005$3,620$3,268$2,948$2,657$1,687
11 years$3,603$3,222$2,877$2,566$2,285$1,375
12 years$3,269$2,892$2,554$2,250$1,980$1,127
13 years$2,987$2,614$2,281$1,987$1,727$929
14 years$2,745$2,376$2,050$1,764$1,514$768
15 years$2,536$2,170$1,851$1,573$1,333$638
16 years$2,353$1,991$1,678$1,408$1,178$531
17 years$2,191$1,834$1,527$1,265$1,044$443
18 years$2,048$1,695$1,394$1,140$929$370
19 years$1,920$1,571$1,276$1,030$828$310
20 years$1,805$1,459$1,171$933$739$259
21 years$1,701$1,359$1,077$847$662$217
22 years$1,606$1,269$993$770$593$183
23 years$1,520$1,187$917$701$532$153
24 years$1,441$1,112$848$640$478$129
25 years$1,369$1,044$785$584$431$108
26 years$1,302$981$728$534$388$91
27 years$1,241$923$676$489$350$77
28 years$1,183$870$629$448$315$65
29 years$1,130$821$585$411$285$54
30 years$1,081$775$545$377$257$46
31 years$1,035$733$508$346$233$39
32 years$991$693$474$318$211$33
33 years$951$656$443$293$191$27
34 years$913$622$413$269$172$23
35 years$877$590$387$248$156$19
36 years$843$560$362$228$142$16
37 years$812$532$338$210$128$14
38 years$781$506$317$194$116$12
39 years$753$481$297$179$105$10
40 years$726$457$278$165$96$8
41 years$700$435$261$152$87$7
42 years$676$415$245$140$79$6
43 years$653$395$230$130$71$5
44 years$631$377$216$120$65$4
45 years$610$359$202$110$59$4
46 years$590$343$190$102$53$3
47 years$571$327$179$94$49$3
48 years$553$312$168$87$44$2
49 years$535$298$158$81$40$2
50 years$518$285$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $531,000, adding $2,687 every year, while hoping to spend $41,375 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: 62/27/11 Blend
63$531,000$531,000$531,000$531,000
64$587,934$559,791$551,560$622,731
65$603,880$543,198$526,015$629,774
66$620,067$524,405$498,227$632,462
67$636,474$503,261$468,078$634,371
68$653,079$479,606$435,443$635,424
69$669,855$453,269$400,193$635,542
70$686,774$424,072$362,193$634,638
71$703,798$391,825$321,300$632,617
72$720,889$356,328$277,367$629,380
73$738,000$317,369$230,239$624,816
74$755,079$274,723$179,755$618,810
75$772,067$228,154$125,747$611,234
76$788,897$177,413$68,038$601,953
77$805,493$122,234$6,446$590,818
78$821,770$62,340$0$577,671
79$837,632$0$0$569,299
80$852,970$0$0$560,579
81$867,666$0$0$569,920
82$881,582$0$0$578,707
83$894,569$0$0$586,835
84$906,457$0$0$594,190
85$917,057$0$0$600,641
86$926,161$0$0$606,044
87$933,533$0$0$610,238
88$938,913$0$0$613,046
89$942,013$0$0$614,267
90$942,509$0$0$613,681
91$940,045$0$0$611,044
92$934,224$0$0$606,083
93$924,605$0$0$598,496
94$910,701$0$0$587,949
95$891,969$0$0$574,072
96$867,811$0$0$556,452
97$837,562$0$0$534,636
98$800,486$0$0$508,119
99$755,770$0$0$476,345
100$702,512$0$0$438,696