Can I retire at age 64 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$46,409$45,996$45,593$45,199$44,815$44,532
2 years$22,975$22,547$22,132$21,730$21,340$21,055
3 years$15,164$14,735$14,321$13,923$13,539$13,261
4 years$11,260$10,832$10,422$10,031$9,656$9,386
5 years$8,918$8,492$8,088$7,704$7,341$7,080
6 years$7,357$6,934$6,536$6,161$5,808$5,557
7 years$6,243$5,824$5,432$5,066$4,724$4,482
8 years$5,407$4,992$4,607$4,249$3,919$3,687
9 years$4,758$4,346$3,968$3,620$3,300$3,078
10 years$4,238$3,831$3,459$3,120$2,812$2,600
11 years$3,814$3,411$3,045$2,715$2,418$2,216
12 years$3,460$3,061$2,703$2,382$2,096$1,902
13 years$3,161$2,766$2,415$2,103$1,827$1,643
14 years$2,905$2,515$2,170$1,867$1,602$1,426
15 years$2,684$2,297$1,959$1,665$1,410$1,244
16 years$2,490$2,108$1,776$1,491$1,247$1,088
17 years$2,319$1,941$1,616$1,339$1,105$955
18 years$2,167$1,794$1,475$1,207$983$840
19 years$2,032$1,662$1,350$1,091$876$741
20 years$1,910$1,545$1,239$988$782$655
21 years$1,800$1,439$1,140$896$700$580
22 years$1,700$1,343$1,051$815$628$514
23 years$1,609$1,256$970$742$563$456
24 years$1,526$1,177$897$677$506$405
25 years$1,449$1,104$831$618$456$361
26 years$1,378$1,038$771$565$410$321
27 years$1,313$977$716$517$370$286
28 years$1,253$921$665$474$334$255
29 years$1,196$868$619$435$302$228
30 years$1,144$820$577$399$272$203
31 years$1,095$775$538$366$246$182
32 years$1,049$734$502$337$223$162
33 years$1,006$695$468$310$202$145
34 years$966$658$438$285$183$130
35 years$928$625$409$262$165$116
36 years$893$593$383$242$150$104
37 years$859$563$358$223$136$93
38 years$827$535$335$205$123$83
39 years$797$509$314$189$112$74
40 years$768$484$295$174$101$67
41 years$741$461$276$161$92$60
42 years$716$439$259$149$83$53
43 years$691$418$243$137$76$48
44 years$668$399$228$127$69$43
45 years$646$380$214$117$62$38
46 years$624$363$201$108$57$34
47 years$604$346$189$100$51$31
48 years$585$330$178$92$47$28
49 years$566$315$167$85$42$25
50 years$549$301$157$79$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $562,000, adding $5,960 every year, while hoping to spend $31,678 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: 66/28/6 Blend
63$562,000$562,000$562,000$562,000
64$625,472$595,686$586,975$665,771
65$655,565$591,169$572,933$688,770
66$687,665$585,370$557,360$709,537
67$721,945$578,191$540,169$731,386
68$758,592$569,530$521,273$754,418
69$797,812$559,280$500,579$778,746
70$839,829$547,326$477,989$804,494
71$884,893$533,547$453,403$831,801
72$933,275$517,813$426,715$860,820
73$985,272$499,989$397,813$891,721
74$1,041,213$479,931$366,583$924,693
75$1,101,456$457,487$332,902$959,944
76$1,166,396$432,495$296,646$997,708
77$1,236,466$404,785$257,681$1,038,240
78$1,312,143$374,177$215,871$1,081,827
79$1,393,950$340,481$171,072$1,128,783
80$1,482,463$303,494$123,132$1,179,460
81$1,578,313$263,004$71,896$1,234,244
82$1,682,196$218,787$17,200$1,293,566
83$1,794,876$170,603$0$1,357,901
84$1,917,194$118,204$0$1,430,411
85$2,050,075$61,323$0$1,510,391
86$2,194,536$0$0$1,597,396
87$2,351,694$0$0$1,692,251
88$2,522,783$0$0$1,816,115
89$2,709,156$0$0$1,951,077
90$2,912,304$0$0$2,098,221
91$3,133,868$0$0$2,258,740
92$3,375,653$0$0$2,433,947
93$3,639,648$0$0$2,625,287
94$3,928,040$0$0$2,834,350
95$4,243,238$0$0$3,062,888
96$4,587,894$0$0$3,312,829
97$4,964,929$0$0$3,586,297
98$5,377,556$0$0$3,885,628
99$5,829,317$0$0$4,213,397
100$6,324,110$0$0$4,572,439