Can I retire at age 64 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$46,327$45,914$45,512$45,119$44,735$43,355
2 years$22,934$22,507$22,093$21,692$21,302$19,924
3 years$15,138$14,709$14,296$13,898$13,515$12,182
4 years$11,240$10,812$10,404$10,013$9,639$8,361
5 years$8,902$8,477$8,074$7,691$7,327$6,108
6 years$7,344$6,922$6,525$6,150$5,798$4,638
7 years$6,232$5,813$5,422$5,057$4,715$3,615
8 years$5,398$4,983$4,598$4,242$3,912$2,871
9 years$4,749$4,339$3,961$3,613$3,294$2,311
10 years$4,231$3,824$3,453$3,115$2,807$1,880
11 years$3,807$3,404$3,040$2,711$2,414$1,542
12 years$3,454$3,056$2,698$2,378$2,092$1,272
13 years$3,156$2,761$2,410$2,099$1,824$1,056
14 years$2,900$2,510$2,166$1,863$1,599$879
15 years$2,679$2,293$1,955$1,662$1,408$735
16 years$2,485$2,104$1,773$1,488$1,244$616
17 years$2,315$1,938$1,613$1,337$1,103$518
18 years$2,164$1,790$1,473$1,205$981$436
19 years$2,028$1,659$1,348$1,089$874$367
20 years$1,907$1,542$1,237$986$781$310
21 years$1,797$1,436$1,138$895$699$262
22 years$1,697$1,341$1,049$814$627$222
23 years$1,606$1,254$968$741$562$188
24 years$1,523$1,175$896$676$505$159
25 years$1,446$1,102$830$617$455$135
26 years$1,376$1,036$769$564$410$114
27 years$1,311$975$714$517$369$97
28 years$1,250$919$664$473$333$82
29 years$1,194$867$618$434$301$70
30 years$1,142$819$576$398$272$59
31 years$1,093$774$537$366$246$50
32 years$1,047$732$501$336$222$43
33 years$1,005$693$468$309$201$36
34 years$964$657$437$284$182$31
35 years$927$623$408$262$165$26
36 years$891$592$382$241$150$22
37 years$857$562$358$222$136$19
38 years$826$534$335$205$123$16
39 years$795$508$314$189$111$14
40 years$767$483$294$174$101$12
41 years$740$460$276$161$92$10
42 years$714$438$259$148$83$8
43 years$690$417$243$137$76$7
44 years$667$398$228$126$69$6
45 years$644$379$214$117$62$5
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$4
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$3
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $561,000, adding $2,002 every year, while hoping to spend $45,341 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: 36/36/28 Blend
63$561,000$561,000$561,000$561,000
64$620,287$590,554$581,859$637,344
65$635,314$571,249$553,108$630,902
66$650,354$549,478$521,875$619,705
67$665,360$525,073$488,029$606,748
68$680,280$497,855$451,431$591,901
69$695,055$467,635$411,940$575,028
70$709,616$434,215$369,405$555,985
71$723,887$397,382$323,671$534,616
72$737,784$356,914$274,574$510,756
73$751,210$312,575$221,945$484,228
74$764,059$264,116$165,604$454,846
75$776,208$211,273$105,368$422,407
76$787,525$153,769$41,041$386,698
77$797,859$91,310$0$347,490
78$807,042$23,586$0$312,785
79$814,887$0$0$287,697
80$821,186$0$0$279,438
81$825,709$0$0$279,772
82$828,196$0$0$279,253
83$828,363$0$0$277,766
84$825,891$0$0$275,183
85$820,427$0$0$271,363
86$811,581$0$0$266,149
87$798,917$0$0$259,366
88$781,955$0$0$250,823
89$760,162$0$0$240,307
90$732,947$0$0$227,580
91$699,656$0$0$212,382
92$659,566$0$0$194,425
93$611,876$0$0$173,387
94$555,701$0$0$148,916
95$490,060$0$0$120,622
96$413,870$0$0$88,071
97$325,935$0$0$50,788
98$224,930$0$0$8,244
99$109,394$0$0$0
100$0$0$0$0