Can I retire at age 64 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$45,253$44,850$44,457$44,073$43,698$42,781
2 years$22,403$21,985$21,581$21,189$20,809$19,889
3 years$14,787$14,368$13,964$13,576$13,202$12,308
4 years$10,980$10,562$10,162$9,781$9,416$8,555
5 years$8,696$8,281$7,887$7,513$7,158$6,333
6 years$7,174$6,762$6,373$6,008$5,664$4,875
7 years$6,087$5,678$5,296$4,939$4,606$3,854
8 years$5,272$4,867$4,492$4,144$3,821$3,105
9 years$4,639$4,238$3,869$3,529$3,218$2,538
10 years$4,133$3,736$3,373$3,042$2,742$2,097
11 years$3,719$3,326$2,969$2,648$2,358$1,747
12 years$3,374$2,985$2,635$2,322$2,043$1,466
13 years$3,083$2,697$2,354$2,050$1,782$1,237
14 years$2,833$2,452$2,115$1,820$1,562$1,048
15 years$2,617$2,240$1,910$1,623$1,375$892
16 years$2,428$2,055$1,732$1,453$1,216$761
17 years$2,261$1,893$1,576$1,306$1,078$651
18 years$2,113$1,749$1,438$1,177$958$558
19 years$1,981$1,621$1,317$1,063$854$480
20 years$1,862$1,506$1,209$963$763$413
21 years$1,755$1,403$1,112$874$683$356
22 years$1,658$1,310$1,025$795$612$307
23 years$1,569$1,225$946$724$549$265
24 years$1,488$1,148$875$660$494$229
25 years$1,413$1,077$810$603$444$198
26 years$1,344$1,012$752$551$400$171
27 years$1,280$953$698$505$361$148
28 years$1,221$898$649$462$326$128
29 years$1,167$847$604$424$294$111
30 years$1,115$800$562$389$266$96
31 years$1,068$756$524$357$240$84
32 years$1,023$715$489$328$217$73
33 years$981$677$457$302$197$63
34 years$942$642$427$278$178$55
35 years$905$609$399$256$161$47
36 years$870$578$373$236$146$41
37 years$837$549$349$217$132$36
38 years$806$522$327$200$120$31
39 years$777$496$306$184$109$27
40 years$749$472$287$170$99$23
41 years$723$449$269$157$90$20
42 years$698$428$253$145$81$18
43 years$674$408$237$134$74$15
44 years$651$389$223$123$67$13
45 years$629$371$209$114$61$12
46 years$609$354$196$105$55$10
47 years$589$337$184$97$50$9
48 years$570$322$173$90$46$8
49 years$552$308$163$83$41$7
50 years$535$294$153$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $548,000, adding $3,477 every year, while hoping to spend $28,545 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: 56/29/15 Blend
63$548,000$548,000$548,000$548,000
64$607,483$578,439$569,945$638,938
65$639,074$576,410$558,666$658,661
66$672,931$573,326$546,053$676,735
67$709,255$569,104$532,031$695,768
68$748,266$563,657$516,520$715,859
69$790,206$556,893$499,441$737,115
70$835,341$548,714$480,706$759,659
71$883,962$539,018$460,226$783,625
72$936,390$527,694$437,908$809,163
73$992,978$514,627$413,653$836,440
74$1,054,111$499,693$387,360$865,641
75$1,120,215$482,763$358,921$896,972
76$1,191,757$463,698$328,225$930,664
77$1,269,251$442,354$295,155$966,970
78$1,353,261$418,575$259,589$1,006,173
79$1,444,408$392,200$221,400$1,048,587
80$1,543,375$363,056$180,455$1,094,561
81$1,650,914$330,960$136,614$1,144,481
82$1,767,850$295,720$89,734$1,198,776
83$1,895,093$257,132$39,662$1,257,923
84$2,033,642$214,981$0$1,322,448
85$2,184,599$169,041$0$1,395,141
86$2,349,174$119,070$0$1,481,362
87$2,528,702$64,816$0$1,575,503
88$2,724,648$6,011$0$1,678,387
89$2,938,628$0$0$1,790,925
90$3,172,421$0$0$1,932,514
91$3,427,983$0$0$2,089,431
92$3,707,469$0$0$2,261,087
93$4,013,253$0$0$2,448,946
94$4,347,947$0$0$2,654,620
95$4,714,427$0$0$2,879,882
96$5,115,864$0$0$3,126,687
97$5,555,744$0$0$3,397,188
98$6,037,911$0$0$3,693,755
99$6,566,597$0$0$4,018,998
100$7,146,462$0$0$4,375,793