Can I retire at age 64 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$46,905$46,487$46,079$45,682$45,293$44,055
2 years$23,220$22,788$22,369$21,962$21,568$20,330
3 years$15,326$14,892$14,474$14,071$13,684$12,484
4 years$11,380$10,947$10,533$10,138$9,759$8,608
5 years$9,013$8,583$8,174$7,787$7,419$6,318
6 years$7,436$7,008$6,606$6,227$5,870$4,821
7 years$6,309$5,886$5,490$5,120$4,774$3,777
8 years$5,465$5,045$4,656$4,295$3,961$3,015
9 years$4,808$4,393$4,010$3,658$3,335$2,441
10 years$4,284$3,872$3,496$3,153$2,842$1,997
11 years$3,855$3,447$3,078$2,744$2,444$1,647
12 years$3,497$3,094$2,731$2,407$2,118$1,367
13 years$3,195$2,796$2,440$2,125$1,847$1,141
14 years$2,936$2,541$2,193$1,887$1,619$957
15 years$2,712$2,322$1,980$1,682$1,426$805
16 years$2,516$2,130$1,795$1,506$1,260$679
17 years$2,344$1,962$1,633$1,354$1,117$574
18 years$2,191$1,813$1,491$1,220$993$487
19 years$2,054$1,680$1,365$1,102$885$413
20 years$1,930$1,561$1,253$998$791$351
21 years$1,819$1,454$1,152$906$708$299
22 years$1,718$1,357$1,062$824$634$255
23 years$1,626$1,270$981$750$569$217
24 years$1,542$1,189$907$684$512$185
25 years$1,464$1,116$840$625$461$158
26 years$1,393$1,049$779$571$415$135
27 years$1,327$987$723$523$374$115
28 years$1,266$930$672$479$337$99
29 years$1,209$878$626$439$305$84
30 years$1,156$829$583$403$275$72
31 years$1,107$784$543$370$249$62
32 years$1,061$741$507$340$225$53
33 years$1,017$702$473$313$204$45
34 years$976$665$442$288$185$39
35 years$938$631$414$265$167$33
36 years$902$599$387$244$151$28
37 years$868$569$362$225$137$24
38 years$836$541$339$207$124$21
39 years$805$514$318$191$113$18
40 years$777$489$298$176$102$15
41 years$749$466$279$163$93$13
42 years$723$443$262$150$84$11
43 years$698$423$246$139$76$10
44 years$675$403$231$128$69$8
45 years$652$384$217$118$63$7
46 years$631$366$203$109$57$6
47 years$611$350$191$101$52$5
48 years$591$334$180$93$47$4
49 years$572$319$169$86$43$4
50 years$555$304$159$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $568,000, adding $5,338 every year, while hoping to spend $21,559 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: 49/36/15 Blend
63$568,000$568,000$568,000$568,000
64$631,442$601,338$592,534$659,513
65$672,911$607,865$589,445$685,958
66$717,886$613,989$585,531$712,002
67$766,704$619,668$580,739$739,819
68$819,733$624,857$575,019$769,581
69$877,377$629,506$568,314$801,482
70$940,083$633,566$560,566$835,734
71$1,008,342$636,980$551,715$872,570
72$1,082,692$639,692$541,697$912,252
73$1,163,729$641,639$530,445$955,067
74$1,252,105$642,755$517,891$1,001,330
75$1,348,540$642,970$503,961$1,051,395
76$1,453,826$642,211$488,579$1,105,647
77$1,568,835$640,398$471,665$1,164,517
78$1,694,527$637,448$453,136$1,228,478
79$1,831,958$633,273$432,906$1,298,053
80$1,982,291$627,777$410,882$1,373,822
81$2,146,808$620,861$386,969$1,456,422
82$2,326,919$612,419$361,069$1,546,562
83$2,524,177$602,340$333,077$1,645,020
84$2,740,292$590,504$302,884$1,752,659
85$2,977,149$576,785$270,378$1,870,432
86$3,236,821$561,051$235,439$1,999,389
87$3,521,594$543,160$197,943$2,140,692
88$3,833,984$522,962$157,762$2,295,624
89$4,176,764$500,301$114,760$2,465,601
90$4,552,986$475,008$68,797$2,652,187
91$4,966,014$446,906$19,725$2,857,108
92$5,419,552$415,810$0$3,082,270
93$5,917,682$381,520$0$3,335,004
94$6,464,899$343,828$0$3,616,114
95$7,066,156$302,513$0$3,925,032
96$7,726,909$257,341$0$4,264,616
97$8,453,169$208,066$0$4,638,018
98$9,251,558$154,427$0$5,048,716
99$10,129,373$96,150$0$5,500,544
100$11,094,650$32,942$0$5,997,734