Can I retire at age 64 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$45,914$45,505$45,106$44,717$44,336$44,112
2 years$22,730$22,306$21,896$21,498$21,112$20,887
3 years$15,003$14,577$14,168$13,774$13,395$13,174
4 years$11,140$10,716$10,311$9,924$9,553$9,339
5 years$8,823$8,401$8,002$7,622$7,262$7,055
6 years$7,279$6,860$6,467$6,096$5,746$5,547
7 years$6,176$5,761$5,374$5,011$4,673$4,481
8 years$5,349$4,939$4,557$4,204$3,877$3,693
9 years$4,707$4,300$3,925$3,581$3,265$3,088
10 years$4,193$3,790$3,422$3,087$2,782$2,613
11 years$3,773$3,374$3,013$2,686$2,393$2,231
12 years$3,423$3,028$2,674$2,356$2,073$1,919
13 years$3,128$2,737$2,389$2,080$1,808$1,661
14 years$2,874$2,488$2,146$1,847$1,585$1,444
15 years$2,655$2,273$1,938$1,647$1,395$1,262
16 years$2,463$2,085$1,757$1,475$1,233$1,106
17 years$2,294$1,920$1,599$1,325$1,094$973
18 years$2,144$1,774$1,459$1,194$972$858
19 years$2,010$1,644$1,336$1,079$867$758
20 years$1,890$1,528$1,226$977$774$671
21 years$1,781$1,423$1,128$887$693$596
22 years$1,682$1,329$1,039$806$621$529
23 years$1,592$1,243$960$734$557$471
24 years$1,509$1,164$888$670$501$419
25 years$1,433$1,093$822$612$451$374
26 years$1,364$1,027$762$559$406$334
27 years$1,299$966$708$512$366$298
28 years$1,239$911$658$469$330$266
29 years$1,184$859$613$430$298$238
30 years$1,132$811$571$395$270$213
31 years$1,083$767$532$363$244$191
32 years$1,038$726$496$333$220$171
33 years$996$687$463$306$199$153
34 years$956$651$433$282$181$137
35 years$918$618$405$260$164$123
36 years$883$586$379$239$148$111
37 years$850$557$354$220$134$99
38 years$818$529$332$203$122$89
39 years$788$503$311$187$110$80
40 years$760$479$291$173$100$72
41 years$733$456$273$159$91$64
42 years$708$434$256$147$82$58
43 years$684$414$241$136$75$52
44 years$661$394$226$125$68$47
45 years$639$376$212$116$62$42
46 years$618$359$199$107$56$38
47 years$598$342$187$99$51$34
48 years$579$327$176$91$46$30
49 years$560$312$165$84$42$27
50 years$543$298$155$78$38$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $556,000, adding $3,085 every year, while hoping to spend $31,694 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: 59/11/30 Blend
63$556,000$556,000$556,000$556,000
64$615,894$586,426$577,808$647,019
65$644,993$581,439$563,443$663,699
66$675,998$575,145$547,533$678,280
67$709,070$567,447$529,996$693,539
68$744,385$558,242$510,740$709,553
69$782,136$547,419$489,674$726,406
70$822,535$534,864$466,699$744,191
71$865,814$520,453$441,714$763,015
72$912,228$504,057$414,613$782,995
73$962,057$485,537$385,284$804,262
74$1,015,607$464,748$353,611$826,963
75$1,073,215$441,537$319,473$851,262
76$1,135,250$415,740$282,743$877,341
77$1,202,119$387,184$243,288$905,402
78$1,274,267$355,688$200,970$935,673
79$1,352,185$321,059$155,645$968,405
80$1,436,410$283,094$107,162$1,003,878
81$1,527,535$241,576$55,363$1,042,402
82$1,626,210$196,280$84$1,084,325
83$1,733,150$146,964$0$1,130,029
84$1,849,142$93,376$0$1,198,799
85$1,975,049$35,246$0$1,273,505
86$2,111,825$0$0$1,354,706
87$2,260,513$0$0$1,446,402
88$2,422,267$0$0$1,550,835
89$2,598,351$0$0$1,664,564
90$2,790,160$0$0$1,788,492
91$2,999,227$0$0$1,923,616
92$3,227,240$0$0$2,071,033
93$3,476,056$0$0$2,231,950
94$3,747,720$0$0$2,407,694
95$4,044,482$0$0$2,599,730
96$4,368,821$0$0$2,809,666
97$4,723,463$0$0$3,039,276
98$5,111,414$0$0$3,290,511
99$5,535,980$0$0$3,565,521
100$6,000,802$0$0$3,866,672