Can I retire at age 64 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$46,162$45,751$45,349$44,958$44,575$44,388
2 years$22,852$22,427$22,014$21,614$21,226$21,037
3 years$15,084$14,656$14,245$13,849$13,467$13,281
4 years$11,200$10,774$10,366$9,977$9,605$9,425
5 years$8,870$8,447$8,045$7,663$7,301$7,127
6 years$7,318$6,897$6,501$6,128$5,777$5,610
7 years$6,209$5,792$5,403$5,039$4,698$4,537
8 years$5,378$4,965$4,582$4,227$3,898$3,743
9 years$4,732$4,323$3,946$3,600$3,283$3,134
10 years$4,216$3,811$3,441$3,103$2,797$2,654
11 years$3,793$3,392$3,029$2,701$2,405$2,269
12 years$3,442$3,045$2,688$2,369$2,084$1,954
13 years$3,144$2,752$2,402$2,092$1,818$1,693
14 years$2,890$2,501$2,158$1,857$1,593$1,475
15 years$2,669$2,285$1,948$1,656$1,403$1,290
16 years$2,477$2,096$1,766$1,483$1,240$1,133
17 years$2,307$1,931$1,607$1,332$1,099$997
18 years$2,156$1,784$1,467$1,200$978$881
19 years$2,021$1,653$1,343$1,085$871$780
20 years$1,900$1,536$1,233$982$778$691
21 years$1,790$1,431$1,134$892$696$614
22 years$1,691$1,336$1,045$811$624$547
23 years$1,600$1,249$965$738$560$487
24 years$1,517$1,171$892$673$504$434
25 years$1,441$1,099$827$615$453$388
26 years$1,371$1,032$767$562$408$347
27 years$1,306$972$712$515$368$310
28 years$1,246$916$662$472$332$278
29 years$1,190$864$616$432$300$249
30 years$1,138$816$574$397$271$223
31 years$1,089$771$535$364$245$200
32 years$1,044$730$499$335$222$179
33 years$1,001$691$466$308$201$161
34 years$961$655$435$283$182$145
35 years$923$621$407$261$164$130
36 years$888$590$381$240$149$117
37 years$854$560$356$221$135$105
38 years$823$532$334$204$122$94
39 years$793$506$313$188$111$85
40 years$764$481$293$174$101$76
41 years$737$458$275$160$91$69
42 years$712$436$258$148$83$62
43 years$687$416$242$136$75$56
44 years$664$396$227$126$68$50
45 years$642$378$213$116$62$45
46 years$621$361$200$107$56$40
47 years$601$344$188$99$51$36
48 years$582$329$177$92$46$33
49 years$563$314$166$85$42$30
50 years$546$300$156$78$38$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $559,000, adding $6,940 every year, while hoping to spend $48,781 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: 44/35/21 Blend
63$559,000$559,000$559,000$559,000
64$623,177$593,550$584,885$646,534
65$634,838$570,731$552,576$640,877
66$646,054$545,159$517,550$629,438
67$656,727$516,648$479,664$616,039
68$666,750$485,000$438,769$600,524
69$676,001$450,007$394,710$582,723
70$684,344$411,449$347,324$562,456
71$691,629$369,092$296,441$539,525
72$697,688$322,690$241,885$513,722
73$702,334$271,984$183,470$484,820
74$705,358$216,697$121,002$452,575
75$706,529$156,540$54,280$416,724
76$705,591$91,206$0$376,986
77$702,256$20,370$0$336,846
78$696,210$0$0$305,411
79$687,100$0$0$291,888
80$674,538$0$0$284,497
81$658,090$0$0$275,180
82$637,279$0$0$263,706
83$611,576$0$0$249,816
84$580,393$0$0$233,225
85$543,083$0$0$213,616
86$498,927$0$0$190,640
87$447,132$0$0$163,909
88$386,818$0$0$132,999
89$317,016$0$0$97,434
90$236,653$0$0$56,695
91$144,543$0$0$10,204
92$39,375$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0