Can I retire at age 64 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$46,575$46,160$45,755$45,360$44,974$43,224
2 years$23,057$22,627$22,211$21,808$21,416$19,674
3 years$15,218$14,787$14,372$13,972$13,587$11,908
4 years$11,300$10,870$10,459$10,066$9,691$8,087
5 years$8,950$8,522$8,117$7,732$7,367$5,843
6 years$7,383$6,959$6,560$6,183$5,829$4,386
7 years$6,265$5,844$5,451$5,084$4,741$3,378
8 years$5,426$5,010$4,623$4,265$3,933$2,649
9 years$4,775$4,362$3,982$3,632$3,312$2,105
10 years$4,253$3,845$3,471$3,131$2,822$1,690
11 years$3,827$3,423$3,056$2,725$2,427$1,367
12 years$3,473$3,072$2,712$2,390$2,103$1,113
13 years$3,173$2,776$2,423$2,110$1,834$910
14 years$2,916$2,524$2,177$1,873$1,608$747
15 years$2,693$2,305$1,966$1,671$1,416$615
16 years$2,499$2,115$1,782$1,496$1,251$508
17 years$2,327$1,948$1,622$1,344$1,109$420
18 years$2,175$1,800$1,480$1,211$986$348
19 years$2,039$1,668$1,355$1,094$879$289
20 years$1,917$1,550$1,244$991$785$240
21 years$1,806$1,444$1,144$900$703$200
22 years$1,706$1,348$1,054$818$630$166
23 years$1,615$1,261$974$745$565$138
24 years$1,531$1,181$900$679$508$115
25 years$1,454$1,108$834$620$457$96
26 years$1,383$1,042$773$567$412$80
27 years$1,318$980$718$519$371$67
28 years$1,257$924$668$476$335$56
29 years$1,201$871$621$436$303$47
30 years$1,148$823$579$400$273$39
31 years$1,099$778$540$368$247$32
32 years$1,053$736$503$338$224$27
33 years$1,010$697$470$311$202$23
34 years$970$661$439$286$183$19
35 years$932$627$411$263$166$16
36 years$896$595$384$242$150$13
37 years$862$565$360$223$136$11
38 years$830$537$337$206$124$9
39 years$800$511$315$190$112$8
40 years$771$486$296$175$102$6
41 years$744$462$277$162$92$5
42 years$718$440$260$149$84$4
43 years$693$420$244$138$76$4
44 years$670$400$229$127$69$3
45 years$648$381$215$117$63$3
46 years$627$364$202$108$57$2
47 years$606$347$190$100$52$2
48 years$587$331$178$93$47$2
49 years$568$317$168$86$43$1
50 years$551$302$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $564,000, adding $5,629 every year, while hoping to spend $46,588 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: 88/6/6 Blend
63$564,000$564,000$564,000$564,000
64$627,334$597,442$588,700$681,922
65$641,753$577,148$558,853$698,021
66$656,081$554,297$526,443$708,616
67$670,260$528,716$491,338$718,732
68$684,224$500,221$453,395$728,285
69$697,899$468,615$412,467$737,181
70$711,200$433,694$368,401$745,317
71$724,035$395,237$321,035$752,579
72$736,299$353,016$270,202$758,840
73$747,873$306,785$215,725$763,960
74$758,627$256,288$157,423$767,785
75$768,413$201,253$95,103$770,142
76$777,069$141,392$28,566$770,844
77$784,411$76,401$0$769,681
78$790,236$5,960$0$769,140
79$794,319$0$0$768,378
80$796,408$0$0$769,938
81$796,224$0$0$769,684
82$793,456$0$0$766,922
83$787,760$0$0$761,319
84$778,755$0$0$752,503
85$766,016$0$0$740,065
86$749,075$0$0$723,548
87$727,411$0$0$702,448
88$700,448$0$0$676,207
89$667,548$0$0$644,206
90$628,005$0$0$605,759
91$581,039$0$0$560,111
92$525,785$0$0$506,422
93$461,287$0$0$443,766
94$386,490$0$0$371,118
95$300,225$0$0$287,346
96$201,202$0$0$191,197
97$87,995$0$0$81,290
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0