Can I retire at age 64 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$45,584$45,178$44,781$44,395$44,017$43,503
2 years$22,566$22,146$21,739$21,344$20,961$20,443
3 years$14,895$14,473$14,066$13,675$13,298$12,794
4 years$11,060$10,639$10,237$9,852$9,484$8,996
5 years$8,759$8,341$7,944$7,567$7,210$6,740
6 years$7,226$6,811$6,420$6,052$5,705$5,254
7 years$6,132$5,720$5,335$4,975$4,640$4,207
8 years$5,311$4,903$4,525$4,174$3,849$3,435
9 years$4,673$4,269$3,897$3,555$3,241$2,846
10 years$4,163$3,763$3,397$3,065$2,762$2,385
11 years$3,746$3,350$2,991$2,667$2,375$2,016
12 years$3,399$3,007$2,655$2,339$2,058$1,717
13 years$3,105$2,717$2,372$2,065$1,795$1,471
14 years$2,854$2,470$2,131$1,833$1,573$1,266
15 years$2,636$2,256$1,924$1,635$1,385$1,094
16 years$2,446$2,070$1,744$1,464$1,224$949
17 years$2,278$1,906$1,587$1,315$1,086$825
18 years$2,129$1,762$1,449$1,185$965$719
19 years$1,996$1,633$1,326$1,071$860$628
20 years$1,876$1,517$1,217$970$769$550
21 years$1,768$1,413$1,120$880$688$482
22 years$1,670$1,319$1,032$801$616$423
23 years$1,580$1,234$953$729$553$372
24 years$1,498$1,156$881$665$497$327
25 years$1,423$1,085$816$607$448$288
26 years$1,354$1,020$757$555$403$254
27 years$1,290$960$703$508$363$224
28 years$1,230$904$653$466$328$198
29 years$1,175$853$608$427$296$175
30 years$1,124$806$566$392$268$154
31 years$1,076$761$528$360$242$136
32 years$1,031$721$493$331$219$121
33 years$989$682$460$304$198$107
34 years$949$647$430$280$179$94
35 years$912$613$402$258$162$83
36 years$877$582$376$237$147$74
37 years$844$553$352$219$133$65
38 years$812$526$330$202$121$58
39 years$783$500$309$186$110$51
40 years$755$475$289$171$99$45
41 years$728$453$271$158$90$40
42 years$703$431$255$146$82$36
43 years$679$411$239$135$74$32
44 years$656$391$224$124$67$28
45 years$634$373$210$115$61$25
46 years$613$356$198$106$56$22
47 years$593$340$186$98$50$19
48 years$574$324$175$91$46$17
49 years$556$310$164$84$42$15
50 years$539$296$154$77$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $552,000, adding $2,537 every year, while hoping to spend $32,153 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: 80/14/6 Blend
63$552,000$552,000$552,000$552,000
64$610,921$581,665$573,109$659,313
65$639,024$575,956$558,098$685,651
66$668,917$568,890$541,506$710,035
67$700,746$560,365$523,246$735,813
68$734,676$550,277$503,229$763,106
69$770,884$538,512$481,358$792,050
70$809,565$524,950$457,534$822,793
71$850,933$509,465$431,654$855,498
72$895,223$491,923$403,609$890,346
73$942,692$472,183$373,286$927,536
74$993,621$450,094$340,565$967,287
75$1,048,320$425,499$305,324$1,009,841
76$1,107,129$398,229$267,433$1,055,466
77$1,170,421$368,107$226,757$1,104,455
78$1,238,605$334,945$183,154$1,157,134
79$1,312,131$298,546$136,478$1,213,860
80$1,391,493$258,699$86,575$1,275,030
81$1,477,234$215,185$33,284$1,341,080
82$1,569,951$167,768$0$1,412,490
83$1,670,299$116,201$0$1,491,303
84$1,779,000$60,225$0$1,578,966
85$1,896,845$0$0$1,674,005
86$2,024,706$0$0$1,777,212
87$2,163,543$0$0$1,899,366
88$2,314,409$0$0$2,032,117
89$2,478,464$0$0$2,176,487
90$2,656,984$0$0$2,333,602
91$2,851,373$0$0$2,504,698
92$3,063,176$0$0$2,691,138
93$3,294,094$0$0$2,894,420
94$3,545,997$0$0$3,116,194
95$3,820,945$0$0$3,358,275
96$4,121,205$0$0$3,622,661
97$4,449,274$0$0$3,911,552
98$4,807,898$0$0$4,227,371
99$5,200,103$0$0$4,572,784
100$5,629,220$0$0$4,950,727