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%15.4%
1 years$46,409$45,996$45,593$45,199$44,815$43,820
2 years$22,975$22,547$22,132$21,730$21,340$20,344
3 years$15,164$14,735$14,321$13,923$13,539$12,571
4 years$11,260$10,832$10,422$10,031$9,656$8,725
5 years$8,918$8,492$8,088$7,704$7,341$6,448
6 years$7,357$6,934$6,536$6,161$5,808$4,956
7 years$6,243$5,824$5,432$5,066$4,724$3,911
8 years$5,407$4,992$4,607$4,249$3,919$3,146
9 years$4,758$4,346$3,968$3,620$3,300$2,566
10 years$4,238$3,831$3,459$3,120$2,812$2,116
11 years$3,814$3,411$3,045$2,715$2,418$1,760
12 years$3,460$3,061$2,703$2,382$2,096$1,474
13 years$3,161$2,766$2,415$2,103$1,827$1,241
14 years$2,905$2,515$2,170$1,867$1,602$1,050
15 years$2,684$2,297$1,959$1,665$1,410$891
16 years$2,490$2,108$1,776$1,491$1,247$759
17 years$2,319$1,941$1,616$1,339$1,105$648
18 years$2,167$1,794$1,475$1,207$983$554
19 years$2,032$1,662$1,350$1,091$876$475
20 years$1,910$1,545$1,239$988$782$408
21 years$1,800$1,439$1,140$896$700$351
22 years$1,700$1,343$1,051$815$628$302
23 years$1,609$1,256$970$742$563$260
24 years$1,526$1,177$897$677$506$224
25 years$1,449$1,104$831$618$456$193
26 years$1,378$1,038$771$565$410$167
27 years$1,313$977$716$517$370$144
28 years$1,253$921$665$474$334$125
29 years$1,196$868$619$435$302$108
30 years$1,144$820$577$399$272$93
31 years$1,095$775$538$366$246$81
32 years$1,049$734$502$337$223$70
33 years$1,006$695$468$310$202$60
34 years$966$658$438$285$183$52
35 years$928$625$409$262$165$45
36 years$893$593$383$242$150$39
37 years$859$563$358$223$136$34
38 years$827$535$335$205$123$29
39 years$797$509$314$189$112$25
40 years$768$484$295$174$101$22
41 years$741$461$276$161$92$19
42 years$716$439$259$149$83$17
43 years$691$418$243$137$76$14
44 years$668$399$228$127$69$12
45 years$646$380$214$117$62$11
46 years$624$363$201$108$57$9
47 years$604$346$189$100$51$8
48 years$585$330$178$92$47$7
49 years$566$315$167$85$42$6
50 years$549$301$157$79$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $562,000, adding $4,736 every year, while hoping to spend $26,350 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: 57/27/16 Blend
63$562,000$562,000$562,000$562,000
64$624,209$594,423$585,712$656,928
65$659,842$595,514$577,297$680,754
66$698,227$595,775$567,717$703,422
67$739,616$595,137$556,906$727,522
68$784,287$593,529$544,792$753,195
69$832,545$590,873$531,303$780,599
70$884,725$587,086$516,363$809,910
71$941,197$582,083$499,891$841,320
72$1,002,365$575,772$481,803$875,045
73$1,068,675$568,053$462,012$911,322
74$1,140,617$558,824$440,427$950,416
75$1,218,729$547,976$416,950$992,616
76$1,303,604$535,392$391,483$1,038,247
77$1,395,895$520,949$363,921$1,087,665
78$1,496,318$504,517$334,154$1,141,267
79$1,605,662$485,959$302,068$1,199,489
80$1,724,796$465,127$267,544$1,262,818
81$1,854,676$441,869$230,457$1,331,788
82$1,996,352$416,020$190,677$1,406,993
83$2,150,984$387,409$148,068$1,489,089
84$2,319,844$355,852$102,488$1,578,800
85$2,504,336$321,156$53,790$1,676,930
86$2,706,005$283,119$1,818$1,784,364
87$2,926,549$241,524$0$1,902,084
88$3,167,842$196,143$0$2,040,331
89$3,431,944$146,737$0$2,192,071
90$3,721,126$93,050$0$2,358,347
91$4,037,887$34,816$0$2,540,654
92$4,384,979$0$0$2,740,639
93$4,765,434$0$0$2,968,515
94$5,182,592$0$0$3,229,766
95$5,640,128$0$0$3,516,355
96$6,142,094$0$0$3,830,827
97$6,692,950$0$0$4,175,983
98$7,297,612$0$0$4,554,909
99$7,961,491$0$0$4,971,005
100$8,690,551$0$0$5,428,014