Can I retire at age 64 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$44,097$43,704$43,321$42,947$42,582$42,260
2 years$21,830$21,424$21,030$20,648$20,277$19,953
3 years$14,409$14,001$13,608$13,229$12,865$12,548
4 years$10,699$10,292$9,903$9,531$9,175$8,868
5 years$8,474$8,069$7,685$7,321$6,975$6,679
6 years$6,991$6,589$6,211$5,854$5,519$5,234
7 years$5,932$5,533$5,161$4,813$4,488$4,215
8 years$5,138$4,743$4,377$4,038$3,724$3,461
9 years$4,521$4,130$3,770$3,439$3,136$2,884
10 years$4,027$3,640$3,287$2,965$2,672$2,432
11 years$3,624$3,241$2,894$2,580$2,298$2,068
12 years$3,288$2,909$2,568$2,263$1,991$1,773
13 years$3,004$2,629$2,294$1,998$1,736$1,528
14 years$2,761$2,389$2,061$1,774$1,522$1,324
15 years$2,550$2,183$1,861$1,582$1,340$1,152
16 years$2,366$2,003$1,687$1,416$1,184$1,006
17 years$2,204$1,844$1,536$1,272$1,050$881
18 years$2,059$1,704$1,402$1,147$934$774
19 years$1,931$1,579$1,283$1,036$832$681
20 years$1,815$1,468$1,178$938$743$600
21 years$1,710$1,367$1,083$852$665$530
22 years$1,615$1,276$998$774$596$469
23 years$1,529$1,194$922$705$535$415
24 years$1,450$1,118$853$643$481$368
25 years$1,377$1,049$790$587$433$327
26 years$1,310$986$732$537$390$290
27 years$1,248$928$680$492$352$258
28 years$1,190$875$632$450$317$230
29 years$1,137$825$588$413$286$204
30 years$1,087$779$548$379$259$182
31 years$1,041$737$511$348$234$162
32 years$997$697$477$320$212$145
33 years$956$660$445$294$192$129
34 years$918$626$416$271$173$115
35 years$882$593$389$249$157$103
36 years$848$563$364$230$142$92
37 years$816$535$340$211$129$82
38 years$786$508$319$195$117$73
39 years$757$483$299$180$106$65
40 years$730$460$280$166$96$58
41 years$704$438$262$153$87$52
42 years$680$417$246$141$79$46
43 years$657$397$231$130$72$42
44 years$634$379$217$120$65$37
45 years$613$361$204$111$59$33
46 years$593$344$191$103$54$30
47 years$574$329$180$95$49$27
48 years$556$314$169$88$44$24
49 years$538$300$159$81$40$21
50 years$521$286$149$75$37$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $534,000, adding $2,684 every year, while hoping to spend $48,357 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: 38/43/19 Blend
63$534,000$534,000$534,000$534,000
64$591,237$562,935$554,658$610,241
65$600,091$539,067$521,787$600,318
66$608,228$512,409$486,195$584,819
67$615,524$482,773$447,738$567,065
68$621,839$449,960$406,269$546,880
69$627,019$413,761$361,632$524,073
70$630,893$373,954$313,665$498,442
71$633,270$330,303$262,198$469,767
72$633,936$282,561$207,055$437,812
73$632,657$230,466$148,051$402,325
74$629,171$173,741$84,993$363,033
75$623,186$112,095$17,680$319,644
76$614,381$45,217$0$271,842
77$602,398$0$0$230,266
78$586,842$0$0$200,990
79$567,273$0$0$191,385
80$543,206$0$0$179,853
81$514,103$0$0$166,166
82$479,370$0$0$150,073
83$438,349$0$0$131,299
84$390,310$0$0$109,536
85$334,450$0$0$84,446
86$269,879$0$0$55,655
87$195,613$0$0$22,748
88$110,566$0$0$0
89$13,535$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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