Can I retire at age 64 with 541,000?

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 $541,000?

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$44,675$44,277$43,889$43,510$43,140$42,814
2 years$22,116$21,705$21,305$20,918$20,543$20,215
3 years$14,598$14,184$13,786$13,403$13,033$12,712
4 years$10,839$10,427$10,033$9,656$9,295$8,985
5 years$8,585$8,175$7,786$7,417$7,066$6,766
6 years$7,082$6,675$6,292$5,931$5,591$5,303
7 years$6,009$5,606$5,229$4,876$4,547$4,270
8 years$5,205$4,805$4,434$4,091$3,772$3,506
9 years$4,580$4,184$3,819$3,484$3,177$2,922
10 years$4,080$3,688$3,330$3,003$2,707$2,463
11 years$3,671$3,283$2,931$2,614$2,328$2,096
12 years$3,331$2,947$2,602$2,293$2,017$1,796
13 years$3,043$2,663$2,324$2,024$1,759$1,548
14 years$2,797$2,421$2,088$1,797$1,542$1,341
15 years$2,583$2,211$1,886$1,602$1,358$1,167
16 years$2,397$2,029$1,710$1,435$1,200$1,019
17 years$2,232$1,868$1,556$1,289$1,064$893
18 years$2,086$1,727$1,420$1,162$946$784
19 years$1,956$1,600$1,300$1,050$843$690
20 years$1,839$1,487$1,193$951$753$608
21 years$1,733$1,385$1,097$863$674$537
22 years$1,637$1,293$1,011$785$604$475
23 years$1,549$1,209$934$715$542$421
24 years$1,469$1,133$864$652$487$373
25 years$1,395$1,063$800$595$439$331
26 years$1,327$999$742$544$395$294
27 years$1,264$940$689$498$356$261
28 years$1,206$886$640$456$321$233
29 years$1,152$836$596$419$290$207
30 years$1,101$789$555$384$262$184
31 years$1,054$746$518$353$237$164
32 years$1,010$706$483$324$214$146
33 years$969$669$451$298$194$131
34 years$930$634$421$274$176$117
35 years$894$601$394$253$159$104
36 years$859$571$368$233$144$93
37 years$827$542$345$214$131$83
38 years$796$515$323$197$119$74
39 years$767$490$303$182$107$66
40 years$740$466$284$168$97$59
41 years$714$444$266$155$88$53
42 years$689$422$249$143$80$47
43 years$665$402$234$132$73$42
44 years$643$384$220$122$66$38
45 years$621$366$206$113$60$34
46 years$601$349$194$104$54$30
47 years$582$333$182$96$49$27
48 years$563$318$171$89$45$24
49 years$545$304$161$82$41$21
50 years$528$290$151$76$37$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $541,000, adding $3,270 every year, while hoping to spend $38,641 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: 82/10/8 Blend
63$541,000$541,000$541,000$541,000
64$599,555$570,882$562,497$647,867
65$619,596$557,741$540,226$666,815
66$640,386$542,662$515,915$682,128
67$661,961$525,508$489,454$697,758
68$684,358$506,135$460,728$713,716
69$707,618$484,392$429,618$730,012
70$731,785$460,117$396,000$746,657
71$756,905$433,140$359,744$763,667
72$783,027$403,281$320,713$781,055
73$810,204$370,351$278,765$798,837
74$838,494$334,147$233,752$817,033
75$867,957$294,456$185,520$835,662
76$898,659$251,055$133,905$854,746
77$930,671$203,706$78,740$874,312
78$964,069$152,158$19,848$894,387
79$998,936$96,145$0$915,002
80$1,035,360$35,389$0$939,864
81$1,073,437$0$0$967,388
82$1,113,271$0$0$999,284
83$1,154,974$0$0$1,036,757
84$1,198,667$0$0$1,076,022
85$1,244,482$0$0$1,117,197
86$1,292,562$0$0$1,160,412
87$1,343,062$0$0$1,205,807
88$1,396,151$0$0$1,253,533
89$1,452,013$0$0$1,303,757
90$1,510,845$0$0$1,356,658
91$1,572,867$0$0$1,412,432
92$1,638,314$0$0$1,471,293
93$1,707,445$0$0$1,533,474
94$1,780,541$0$0$1,599,229
95$1,857,909$0$0$1,668,836
96$1,939,885$0$0$1,742,596
97$2,026,835$0$0$1,820,841
98$2,119,160$0$0$1,903,933
99$2,217,298$0$0$1,992,268
100$2,321,729$0$0$2,086,277