Can I retire at age 64 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$45,088$44,687$44,295$43,912$43,539$43,013
2 years$22,321$21,905$21,502$21,112$20,733$20,203
3 years$14,733$14,315$13,913$13,526$13,154$12,637
4 years$10,939$10,523$10,125$9,745$9,381$8,882
5 years$8,664$8,250$7,858$7,485$7,132$6,651
6 years$7,148$6,737$6,350$5,986$5,643$5,181
7 years$6,065$5,658$5,277$4,921$4,589$4,147
8 years$5,253$4,850$4,475$4,128$3,807$3,384
9 years$4,622$4,223$3,855$3,516$3,206$2,802
10 years$4,118$3,722$3,361$3,031$2,732$2,346
11 years$3,705$3,313$2,959$2,638$2,349$1,983
12 years$3,362$2,974$2,626$2,314$2,036$1,687
13 years$3,071$2,688$2,346$2,043$1,775$1,444
14 years$2,823$2,443$2,108$1,813$1,556$1,242
15 years$2,607$2,232$1,903$1,617$1,370$1,073
16 years$2,419$2,048$1,725$1,448$1,211$930
17 years$2,253$1,886$1,570$1,301$1,074$808
18 years$2,106$1,742$1,433$1,173$955$704
19 years$1,974$1,615$1,312$1,059$851$615
20 years$1,856$1,501$1,204$960$760$538
21 years$1,749$1,398$1,108$871$680$471
22 years$1,652$1,305$1,021$792$610$413
23 years$1,563$1,220$943$721$547$363
24 years$1,482$1,143$872$658$492$319
25 years$1,408$1,073$807$601$443$281
26 years$1,339$1,008$749$549$399$247
27 years$1,276$949$695$503$360$218
28 years$1,217$894$646$461$324$192
29 years$1,162$844$602$422$293$169
30 years$1,111$797$560$388$265$150
31 years$1,064$753$522$356$239$132
32 years$1,019$713$487$327$216$117
33 years$978$675$455$301$196$103
34 years$939$640$425$277$177$91
35 years$902$607$397$255$161$81
36 years$867$576$372$235$146$71
37 years$834$547$348$216$132$63
38 years$803$520$326$199$120$56
39 years$774$494$305$184$108$49
40 years$746$470$286$170$98$44
41 years$720$448$268$156$89$39
42 years$695$426$252$144$81$34
43 years$671$406$236$133$73$30
44 years$649$387$222$123$67$27
45 years$627$369$208$114$61$24
46 years$607$352$196$105$55$21
47 years$587$336$184$97$50$19
48 years$568$321$173$90$45$16
49 years$550$306$162$83$41$15
50 years$533$293$153$77$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $546,000, adding $3,647 every year, while hoping to spend $32,636 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: 46/25/29 Blend
63$546,000$546,000$546,000$546,000
64$605,454$576,516$568,053$628,103
65$632,486$570,041$552,358$638,055
66$661,181$562,154$535,044$645,419
67$691,675$552,753$516,021$652,788
68$724,115$541,728$495,198$660,180
69$758,664$528,962$472,476$667,618
70$795,499$514,332$447,755$675,130
71$834,813$497,708$420,928$682,747
72$876,820$478,951$391,885$690,509
73$921,753$457,917$360,510$698,460
74$969,867$434,450$326,683$706,653
75$1,021,443$408,387$290,276$715,151
76$1,076,787$379,556$251,158$724,024
77$1,136,239$347,773$209,190$733,354
78$1,200,167$312,846$164,230$743,235
79$1,268,979$274,571$116,127$753,775
80$1,343,122$232,731$64,724$765,097
81$1,423,085$187,100$9,857$777,340
82$1,509,408$137,436$0$790,665
83$1,602,682$83,485$0$820,318
84$1,703,559$24,979$0$855,670
85$1,812,754$0$0$893,956
86$1,931,053$0$0$946,049
87$2,059,320$0$0$1,010,036
88$2,198,506$0$0$1,079,525
89$2,349,657$0$0$1,155,046
90$2,513,923$0$0$1,237,180
91$2,692,569$0$0$1,326,568
92$2,886,987$0$0$1,423,915
93$3,098,709$0$0$1,529,994
94$3,329,419$0$0$1,645,661
95$3,580,973$0$0$1,771,853
96$3,855,413$0$0$1,909,604
97$4,154,984$0$0$2,060,052
98$4,482,160$0$0$2,224,450
99$4,839,665$0$0$2,404,175
100$5,230,495$0$0$2,600,747