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%18.1%
1 years$46,822$46,405$45,998$45,601$45,213$43,731
2 years$23,179$22,748$22,329$21,924$21,530$20,051
3 years$15,299$14,866$14,449$14,047$13,660$12,230
4 years$11,360$10,928$10,515$10,120$9,742$8,373
5 years$8,997$8,568$8,160$7,773$7,406$6,101
6 years$7,423$6,996$6,594$6,216$5,860$4,620
7 years$6,298$5,875$5,480$5,111$4,766$3,591
8 years$5,455$5,036$4,647$4,287$3,954$2,843
9 years$4,800$4,385$4,003$3,652$3,330$2,281
10 years$4,276$3,865$3,490$3,148$2,837$1,850
11 years$3,848$3,441$3,072$2,740$2,440$1,512
12 years$3,491$3,088$2,727$2,403$2,114$1,244
13 years$3,189$2,791$2,436$2,121$1,844$1,029
14 years$2,931$2,537$2,189$1,883$1,616$854
15 years$2,708$2,318$1,976$1,679$1,423$711
16 years$2,512$2,126$1,792$1,504$1,258$594
17 years$2,340$1,958$1,630$1,351$1,115$497
18 years$2,187$1,809$1,488$1,218$992$417
19 years$2,050$1,677$1,363$1,100$884$350
20 years$1,927$1,558$1,250$996$789$295
21 years$1,816$1,452$1,150$904$706$248
22 years$1,715$1,355$1,060$822$633$209
23 years$1,623$1,267$979$749$568$176
24 years$1,539$1,187$905$683$511$149
25 years$1,462$1,114$838$624$460$126
26 years$1,391$1,047$778$570$414$106
27 years$1,325$986$722$522$373$90
28 years$1,264$929$671$478$337$76
29 years$1,207$876$625$439$304$64
30 years$1,154$827$582$403$275$54
31 years$1,105$782$542$370$249$46
32 years$1,059$740$506$340$225$39
33 years$1,015$701$473$312$203$33
34 years$975$664$442$287$184$28
35 years$937$630$413$265$167$23
36 years$901$598$386$244$151$20
37 years$867$568$361$225$137$17
38 years$834$540$338$207$124$14
39 years$804$513$317$191$113$12
40 years$775$488$297$176$102$10
41 years$748$465$279$162$93$9
42 years$722$443$261$150$84$7
43 years$697$422$245$138$76$6
44 years$674$402$230$128$69$5
45 years$651$383$216$118$63$4
46 years$630$366$203$109$57$4
47 years$610$349$191$101$52$3
48 years$590$333$179$93$47$3
49 years$571$318$169$86$43$2
50 years$554$304$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $567,000, adding $5,976 every year, while hoping to spend $41,704 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: 25/50/25 Blend
63$567,000$567,000$567,000$567,000
64$630,998$600,947$592,159$641,676
65$650,987$586,021$567,623$635,965
66$671,618$568,965$540,868$625,872
67$692,910$549,633$511,775$614,165
68$714,888$527,865$480,220$600,737
69$737,573$503,497$446,074$585,472
70$760,989$476,353$409,202$568,252
71$785,162$446,246$369,462$548,948
72$810,117$412,980$326,707$527,427
73$835,881$376,348$280,784$503,547
74$862,481$336,129$231,530$477,159
75$889,947$292,092$178,779$448,107
76$918,308$243,992$122,355$416,224
77$947,596$191,568$62,074$381,337
78$977,844$134,547$0$343,260
79$1,009,084$72,641$0$302,403
80$1,041,354$5,543$0$275,669
81$1,074,690$0$0$246,323
82$1,109,130$0$0$251,098
83$1,144,714$0$0$259,186
84$1,181,486$0$0$267,547
85$1,219,488$0$0$276,191
86$1,258,768$0$0$285,130
87$1,299,374$0$0$294,375
88$1,341,356$0$0$303,937
89$1,384,768$0$0$313,830
90$1,429,665$0$0$324,068
91$1,476,107$0$0$334,664
92$1,524,155$0$0$345,633
93$1,573,875$0$0$356,991
94$1,625,336$0$0$368,755
95$1,678,609$0$0$380,943
96$1,733,773$0$0$393,573
97$1,790,908$0$0$406,665
98$1,850,099$0$0$420,240
99$1,911,438$0$0$434,321
100$1,975,022$0$0$448,932