Can I retire at age 64 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$46,822$46,405$45,998$45,601$45,213$44,872
2 years$23,179$22,748$22,329$21,924$21,530$21,186
3 years$15,299$14,866$14,449$14,047$13,660$13,323
4 years$11,360$10,928$10,515$10,120$9,742$9,416
5 years$8,997$8,568$8,160$7,773$7,406$7,091
6 years$7,423$6,996$6,594$6,216$5,860$5,557
7 years$6,298$5,875$5,480$5,111$4,766$4,475
8 years$5,455$5,036$4,647$4,287$3,954$3,675
9 years$4,800$4,385$4,003$3,652$3,330$3,063
10 years$4,276$3,865$3,490$3,148$2,837$2,582
11 years$3,848$3,441$3,072$2,740$2,440$2,196
12 years$3,491$3,088$2,727$2,403$2,114$1,882
13 years$3,189$2,791$2,436$2,121$1,844$1,623
14 years$2,931$2,537$2,189$1,883$1,616$1,406
15 years$2,708$2,318$1,976$1,679$1,423$1,223
16 years$2,512$2,126$1,792$1,504$1,258$1,068
17 years$2,340$1,958$1,630$1,351$1,115$935
18 years$2,187$1,809$1,488$1,218$992$821
19 years$2,050$1,677$1,363$1,100$884$723
20 years$1,927$1,558$1,250$996$789$637
21 years$1,816$1,452$1,150$904$706$563
22 years$1,715$1,355$1,060$822$633$498
23 years$1,623$1,267$979$749$568$441
24 years$1,539$1,187$905$683$511$391
25 years$1,462$1,114$838$624$460$347
26 years$1,391$1,047$778$570$414$308
27 years$1,325$986$722$522$373$274
28 years$1,264$929$671$478$337$244
29 years$1,207$876$625$439$304$217
30 years$1,154$827$582$403$275$193
31 years$1,105$782$542$370$249$172
32 years$1,059$740$506$340$225$154
33 years$1,015$701$473$312$203$137
34 years$975$664$442$287$184$122
35 years$937$630$413$265$167$109
36 years$901$598$386$244$151$97
37 years$867$568$361$225$137$87
38 years$834$540$338$207$124$78
39 years$804$513$317$191$113$69
40 years$775$488$297$176$102$62
41 years$748$465$279$162$93$55
42 years$722$443$261$150$84$49
43 years$697$422$245$138$76$44
44 years$674$402$230$128$69$39
45 years$651$383$216$118$63$35
46 years$630$366$203$109$57$31
47 years$610$349$191$101$52$28
48 years$590$333$179$93$47$25
49 years$571$318$169$86$43$22
50 years$554$304$158$79$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $567,000, adding $4,579 every year, while hoping to spend $32,203 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: 69/11/20 Blend
63$567,000$567,000$567,000$567,000
64$629,557$599,506$590,718$669,592
65$659,508$594,618$576,243$692,025
66$691,435$588,412$560,204$712,359
67$725,505$580,787$542,515$733,821
68$761,902$571,641$523,084$756,519
69$800,827$560,862$501,818$780,575
70$842,500$548,333$478,618$806,122
71$887,163$533,930$453,380$833,309
72$935,082$517,521$425,997$862,299
73$986,548$498,967$396,355$893,276
74$1,041,880$478,121$364,337$926,439
75$1,101,430$454,826$329,820$962,014
76$1,165,581$428,918$292,675$1,000,248
77$1,234,758$400,223$252,767$1,041,414
78$1,309,425$368,555$209,956$1,085,815
79$1,390,092$333,721$164,096$1,133,787
80$1,477,322$295,513$115,033$1,185,702
81$1,571,730$253,715$62,608$1,241,971
82$1,673,995$208,096$6,654$1,303,048
83$1,784,863$158,413$0$1,369,436
84$1,905,153$104,409$0$1,453,015
85$2,035,767$45,813$0$1,545,328
86$2,177,696$0$0$1,645,675
87$2,332,033$0$0$1,756,987
88$2,499,976$0$0$1,884,176
89$2,682,847$0$0$2,022,700
90$2,882,098$0$0$2,173,662
91$3,099,330$0$0$2,338,280
92$3,336,302$0$0$2,517,889
93$3,594,952$0$0$2,713,964
94$3,877,411$0$0$2,928,124
95$4,186,029$0$0$3,162,155
96$4,523,389$0$0$3,418,021
97$4,892,337$0$0$3,697,885
98$5,296,005$0$0$4,004,129
99$5,737,844$0$0$4,339,375
100$6,221,653$0$0$4,706,511