Can I retire at age 64 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$44,840$44,441$44,051$43,671$43,300$42,670
2 years$22,198$21,785$21,384$20,996$20,619$19,986
3 years$14,652$14,237$13,837$13,452$13,081$12,465
4 years$10,879$10,465$10,070$9,691$9,330$8,734
5 years$8,616$8,205$7,815$7,444$7,092$6,520
6 years$7,108$6,700$6,315$5,953$5,612$5,063
7 years$6,032$5,627$5,248$4,894$4,564$4,038
8 years$5,224$4,823$4,451$4,106$3,786$3,284
9 years$4,597$4,199$3,833$3,497$3,189$2,710
10 years$4,095$3,702$3,342$3,015$2,717$2,261
11 years$3,685$3,295$2,942$2,624$2,337$1,903
12 years$3,343$2,958$2,611$2,301$2,025$1,613
13 years$3,054$2,673$2,333$2,032$1,766$1,376
14 years$2,807$2,430$2,096$1,803$1,548$1,179
15 years$2,593$2,219$1,893$1,608$1,363$1,014
16 years$2,406$2,036$1,716$1,440$1,204$875
17 years$2,241$1,875$1,561$1,294$1,068$757
18 years$2,094$1,733$1,425$1,166$950$657
19 years$1,963$1,606$1,305$1,054$846$571
20 years$1,845$1,492$1,198$954$756$497
21 years$1,739$1,390$1,101$866$677$434
22 years$1,643$1,298$1,015$787$606$379
23 years$1,555$1,214$937$717$544$331
24 years$1,474$1,137$867$654$489$290
25 years$1,400$1,067$803$597$440$254
26 years$1,332$1,003$745$546$397$222
27 years$1,269$944$691$500$358$195
28 years$1,210$889$643$458$323$171
29 years$1,156$839$598$420$291$150
30 years$1,105$792$557$386$263$132
31 years$1,058$749$519$354$238$116
32 years$1,014$709$485$325$215$102
33 years$972$671$453$299$195$90
34 years$934$636$423$275$176$79
35 years$897$603$395$253$160$69
36 years$862$573$370$233$145$61
37 years$830$544$346$215$131$54
38 years$799$517$324$198$119$47
39 years$770$492$304$183$108$42
40 years$742$468$285$169$98$37
41 years$716$445$267$156$89$32
42 years$691$424$250$144$81$28
43 years$668$404$235$133$73$25
44 years$645$385$221$122$66$22
45 years$624$367$207$113$60$19
46 years$603$350$194$104$55$17
47 years$584$334$183$96$50$15
48 years$565$319$172$89$45$13
49 years$547$305$161$82$41$12
50 years$530$291$152$76$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $543,000, adding $6,981 every year, while hoping to spend $26,016 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: 66/13/21 Blend
63$543,000$543,000$543,000$543,000
64$605,587$576,808$568,391$641,894
65$639,676$577,391$559,752$667,708
66$676,370$577,130$549,951$692,304
67$715,908$575,957$538,922$718,580
68$758,550$573,799$526,596$746,700
69$804,586$570,578$512,900$776,848
70$854,329$566,213$497,758$809,225
71$908,129$560,615$481,091$844,056
72$966,365$553,693$462,815$881,587
73$1,029,459$545,348$442,843$922,091
74$1,097,870$535,476$421,085$965,870
75$1,172,107$523,969$397,445$1,013,257
76$1,252,727$510,708$371,825$1,064,621
77$1,340,343$495,571$344,119$1,120,368
78$1,435,632$478,428$314,221$1,180,948
79$1,539,335$459,139$282,016$1,246,859
80$1,652,269$437,560$247,386$1,318,648
81$1,775,335$413,534$210,207$1,396,923
82$1,909,521$386,899$170,351$1,482,352
83$2,055,917$357,482$127,682$1,575,676
84$2,215,721$325,099$82,060$1,677,710
85$2,390,253$289,558$33,338$1,789,356
86$2,580,967$250,653$0$1,911,611
87$2,789,460$208,171$0$2,049,753
88$3,017,495$161,881$0$2,209,060
89$3,267,010$111,544$0$2,383,431
90$3,540,141$56,905$0$2,574,382
91$3,839,237$0$0$2,783,588
92$4,166,888$0$0$3,013,223
93$4,525,945$0$0$3,273,823
94$4,919,548$0$0$3,559,531
95$5,351,154$0$0$3,872,863
96$5,824,574$0$0$4,216,588
97$6,344,003$0$0$4,593,757
98$6,914,060$0$0$5,007,730
99$7,539,837$0$0$5,462,208
100$8,226,941$0$0$5,961,270