Can I retire at age 64 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$45,831$45,423$45,025$44,636$44,256$43,849
2 years$22,689$22,266$21,857$21,460$21,075$20,664
3 years$14,976$14,551$14,143$13,749$13,371$12,970
4 years$11,120$10,697$10,292$9,906$9,536$9,148
5 years$8,807$8,386$7,987$7,609$7,249$6,875
6 years$7,265$6,848$6,455$6,085$5,736$5,376
7 years$6,165$5,751$5,364$5,002$4,665$4,320
8 years$5,340$4,930$4,549$4,196$3,870$3,539
9 years$4,698$4,292$3,918$3,574$3,259$2,943
10 years$4,186$3,783$3,416$3,081$2,777$2,475
11 years$3,766$3,368$3,007$2,682$2,388$2,100
12 years$3,417$3,023$2,669$2,352$2,070$1,795
13 years$3,122$2,732$2,385$2,077$1,805$1,543
14 years$2,869$2,483$2,143$1,843$1,582$1,334
15 years$2,650$2,268$1,934$1,644$1,393$1,157
16 years$2,459$2,081$1,754$1,472$1,231$1,008
17 years$2,290$1,917$1,596$1,323$1,092$880
18 years$2,140$1,771$1,457$1,192$971$771
19 years$2,007$1,642$1,334$1,077$865$676
20 years$1,886$1,525$1,224$975$773$595
21 years$1,778$1,421$1,126$885$691$524
22 years$1,679$1,326$1,038$805$620$462
23 years$1,589$1,240$958$733$556$408
24 years$1,507$1,162$886$669$500$360
25 years$1,431$1,091$821$611$450$319
26 years$1,361$1,025$761$558$405$282
27 years$1,297$965$707$511$365$250
28 years$1,237$909$657$468$330$222
29 years$1,181$858$611$429$298$197
30 years$1,130$810$570$394$269$175
31 years$1,081$766$531$362$243$155
32 years$1,036$724$495$333$220$138
33 years$994$686$463$306$199$123
34 years$954$650$432$281$180$109
35 years$917$617$404$259$163$97
36 years$881$585$378$239$148$86
37 years$848$556$354$220$134$77
38 years$817$528$331$203$122$68
39 years$787$502$310$187$110$61
40 years$759$478$291$172$100$54
41 years$732$455$273$159$91$48
42 years$707$433$256$147$82$43
43 years$682$413$240$135$75$38
44 years$659$394$225$125$68$34
45 years$637$375$212$115$62$30
46 years$617$358$199$107$56$27
47 years$597$342$187$99$51$24
48 years$578$326$175$91$46$21
49 years$559$311$165$84$42$19
50 years$542$298$155$78$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $555,000, adding $5,035 every year, while hoping to spend $23,774 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: 23/48/29 Blend
63$555,000$555,000$555,000$555,000
64$616,804$587,389$578,786$625,273
65$654,422$590,875$572,880$636,522
66$695,081$593,736$565,979$646,245
67$739,065$595,915$558,026$656,153
68$786,688$597,353$548,958$666,278
69$838,294$597,987$538,711$676,656
70$894,262$597,750$527,220$687,329
71$955,007$596,571$514,413$698,346
72$1,020,990$594,374$500,217$709,764
73$1,092,712$591,080$484,556$721,646
74$1,170,729$586,603$467,349$734,066
75$1,255,650$580,853$448,512$747,110
76$1,348,146$573,735$427,957$760,871
77$1,448,957$565,148$405,593$775,459
78$1,558,894$554,984$381,324$790,997
79$1,678,852$543,129$355,049$807,626
80$1,809,816$529,463$326,664$825,501
81$1,952,869$513,859$296,060$844,802
82$2,109,205$496,182$263,121$865,728
83$2,280,138$476,288$227,729$888,504
84$2,467,113$454,027$189,759$913,385
85$2,671,723$429,239$149,080$940,654
86$2,895,722$401,754$105,558$970,629
87$3,141,040$371,395$59,048$1,003,668
88$3,409,804$337,972$9,405$1,040,170
89$3,704,356$301,284$0$1,080,582
90$4,027,275$261,122$0$1,138,886
91$4,381,402$217,262$0$1,206,137
92$4,769,865$169,468$0$1,280,098
93$5,196,111$117,491$0$1,361,516
94$5,663,934$61,068$0$1,451,219
95$6,177,517$0$0$1,550,127
96$6,741,465$0$0$1,659,302
97$7,360,852$0$0$1,814,736
98$8,041,267$0$0$1,985,589
99$8,788,866$0$0$2,173,420
100$9,610,433$0$0$2,379,947