Can I retire at age 64 with 555,000?

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 $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%14.6%
1 years$45,831$45,423$45,025$44,636$44,256$43,416
2 years$22,689$22,266$21,857$21,460$21,075$20,231
3 years$14,976$14,551$14,143$13,749$13,371$12,551
4 years$11,120$10,697$10,292$9,906$9,536$8,746
5 years$8,807$8,386$7,987$7,609$7,249$6,491
6 years$7,265$6,848$6,455$6,085$5,736$5,010
7 years$6,165$5,751$5,364$5,002$4,665$3,972
8 years$5,340$4,930$4,549$4,196$3,870$3,210
9 years$4,698$4,292$3,918$3,574$3,259$2,631
10 years$4,186$3,783$3,416$3,081$2,777$2,180
11 years$3,766$3,368$3,007$2,682$2,388$1,823
12 years$3,417$3,023$2,669$2,352$2,070$1,534
13 years$3,122$2,732$2,385$2,077$1,805$1,299
14 years$2,869$2,483$2,143$1,843$1,582$1,105
15 years$2,650$2,268$1,934$1,644$1,393$943
16 years$2,459$2,081$1,754$1,472$1,231$807
17 years$2,290$1,917$1,596$1,323$1,092$693
18 years$2,140$1,771$1,457$1,192$971$597
19 years$2,007$1,642$1,334$1,077$865$515
20 years$1,886$1,525$1,224$975$773$444
21 years$1,778$1,421$1,126$885$691$384
22 years$1,679$1,326$1,038$805$620$333
23 years$1,589$1,240$958$733$556$288
24 years$1,507$1,162$886$669$500$250
25 years$1,431$1,091$821$611$450$217
26 years$1,361$1,025$761$558$405$189
27 years$1,297$965$707$511$365$164
28 years$1,237$909$657$468$330$143
29 years$1,181$858$611$429$298$124
30 years$1,130$810$570$394$269$108
31 years$1,081$766$531$362$243$94
32 years$1,036$724$495$333$220$82
33 years$994$686$463$306$199$71
34 years$954$650$432$281$180$62
35 years$917$617$404$259$163$54
36 years$881$585$378$239$148$47
37 years$848$556$354$220$134$41
38 years$817$528$331$203$122$36
39 years$787$502$310$187$110$31
40 years$759$478$291$172$100$27
41 years$732$455$273$159$91$24
42 years$707$433$256$147$82$21
43 years$682$413$240$135$75$18
44 years$659$394$225$125$68$16
45 years$637$375$212$115$62$14
46 years$617$358$199$107$56$12
47 years$597$342$187$99$51$10
48 years$578$326$175$91$46$9
49 years$559$311$165$84$42$8
50 years$542$298$155$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $555,000, adding $5,881 every year, while hoping to spend $33,206 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: 52/27/21 Blend
63$555,000$555,000$555,000$555,000
64$617,676$588,261$579,659$645,928
65$645,348$581,755$563,746$659,524
66$674,730$573,817$546,188$670,383
67$705,961$564,342$526,894$681,492
68$739,193$553,219$505,768$692,887
69$774,593$540,330$482,714$704,608
70$812,344$525,548$457,628$716,702
71$852,646$508,743$430,401$729,224
72$895,719$489,774$400,922$742,233
73$941,802$468,493$369,073$755,802
74$991,159$444,743$334,730$770,010
75$1,044,079$418,357$297,766$784,948
76$1,100,880$389,161$258,046$800,718
77$1,161,909$356,969$215,429$817,438
78$1,227,548$321,585$169,771$835,239
79$1,298,216$282,802$120,917$854,269
80$1,374,375$240,400$68,708$874,697
81$1,456,530$194,148$12,979$896,709
82$1,545,237$143,802$0$920,519
83$1,641,106$89,103$0$956,782
84$1,744,809$29,779$0$999,126
85$1,857,084$0$0$1,044,981
86$1,978,741$0$0$1,104,964
87$2,110,672$0$0$1,179,655
88$2,253,858$0$0$1,260,766
89$2,409,379$0$0$1,348,916
90$2,578,419$0$0$1,444,783
91$2,762,286$0$0$1,549,114
92$2,962,414$0$0$1,662,731
93$3,180,383$0$0$1,786,538
94$3,417,934$0$0$1,921,532
95$3,676,979$0$0$2,068,807
96$3,959,625$0$0$2,229,569
97$4,268,189$0$0$2,405,147
98$4,605,225$0$0$2,597,000
99$4,973,541$0$0$2,806,737
100$5,376,231$0$0$3,036,131