Can I retire at age 64 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$44,015$43,623$43,240$42,867$42,502$41,424
2 years$21,789$21,384$20,990$20,609$20,239$19,160
3 years$14,382$13,974$13,582$13,204$12,841$11,794
4 years$10,679$10,273$9,884$9,513$9,158$8,152
5 years$8,458$8,054$7,671$7,307$6,962$6,000
6 years$6,977$6,577$6,199$5,843$5,509$4,591
7 years$5,920$5,523$5,151$4,804$4,480$3,607
8 years$5,128$4,734$4,369$4,030$3,717$2,888
9 years$4,512$4,122$3,763$3,433$3,130$2,344
10 years$4,020$3,633$3,281$2,959$2,667$1,924
11 years$3,617$3,235$2,888$2,575$2,294$1,592
12 years$3,282$2,903$2,563$2,259$1,988$1,326
13 years$2,998$2,624$2,290$1,994$1,733$1,111
14 years$2,755$2,385$2,058$1,770$1,519$934
15 years$2,545$2,179$1,858$1,579$1,338$789
16 years$2,361$1,999$1,684$1,414$1,182$668
17 years$2,199$1,841$1,533$1,270$1,048$567
18 years$2,056$1,701$1,399$1,145$932$482
19 years$1,927$1,576$1,281$1,034$831$411
20 years$1,811$1,465$1,175$937$742$351
21 years$1,707$1,365$1,081$850$664$300
22 years$1,612$1,274$996$773$595$256
23 years$1,526$1,191$920$704$534$219
24 years$1,447$1,116$851$642$480$188
25 years$1,374$1,047$788$586$432$161
26 years$1,307$984$731$536$389$138
27 years$1,245$926$679$491$351$119
28 years$1,188$873$631$450$317$102
29 years$1,135$824$587$412$286$87
30 years$1,085$778$547$378$258$75
31 years$1,039$735$510$348$234$64
32 years$995$696$476$319$211$55
33 years$955$659$444$294$191$48
34 years$916$624$415$270$173$41
35 years$880$592$388$249$157$35
36 years$847$562$363$229$142$30
37 years$815$534$340$211$129$26
38 years$784$507$318$195$117$22
39 years$756$483$298$179$106$19
40 years$729$459$279$165$96$17
41 years$703$437$262$153$87$14
42 years$679$416$246$141$79$12
43 years$655$397$231$130$72$11
44 years$633$378$216$120$65$9
45 years$612$360$203$111$59$8
46 years$592$344$191$102$54$7
47 years$573$328$179$95$49$6
48 years$555$313$169$87$44$5
49 years$537$299$158$81$40$4
50 years$520$286$149$75$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $533,000, adding $6,140 every year, while hoping to spend $42,187 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: 44/47/9 Blend
63$533,000$533,000$533,000$533,000
64$593,699$565,450$557,189$618,035
65$609,370$548,271$530,968$618,357
66$625,225$528,836$502,455$613,911
67$641,239$506,989$471,528$608,132
68$657,382$482,568$438,061$600,912
69$673,620$455,399$401,921$592,139
70$689,913$425,298$362,969$581,689
71$706,217$392,070$321,062$569,431
72$722,481$355,512$276,047$555,227
73$738,648$315,405$227,768$538,925
74$754,651$271,521$176,059$520,368
75$770,417$223,617$120,749$499,382
76$785,863$171,438$61,658$475,786
77$800,896$114,713$0$449,384
78$815,411$53,158$0$420,101
79$829,290$0$0$393,905
80$842,403$0$0$371,646
81$854,601$0$0$376,401
82$865,721$0$0$380,597
83$875,580$0$0$384,143
84$883,974$0$0$386,940
85$890,675$0$0$388,876
86$895,430$0$0$389,828
87$897,958$0$0$389,657
88$897,947$0$0$388,210
89$895,049$0$0$385,319
90$888,880$0$0$380,794
91$879,010$0$0$374,427
92$864,967$0$0$365,987
93$846,226$0$0$355,216
94$822,203$0$0$341,832
95$792,254$0$0$325,520
96$755,665$0$0$305,932
97$711,646$0$0$282,684
98$659,323$0$0$255,348
99$597,728$0$0$223,455
100$525,791$0$0$186,484