Can I retire at age 64 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$46,987$46,569$46,161$45,762$45,373$44,769
2 years$23,261$22,828$22,408$22,001$21,606$20,998
3 years$15,353$14,918$14,499$14,096$13,708$13,116
4 years$11,400$10,967$10,552$10,156$9,777$9,204
5 years$9,029$8,598$8,189$7,800$7,432$6,881
6 years$7,449$7,021$6,618$6,238$5,881$5,352
7 years$6,320$5,896$5,499$5,129$4,783$4,276
8 years$5,475$5,054$4,664$4,302$3,968$3,484
9 years$4,817$4,400$4,017$3,665$3,341$2,880
10 years$4,291$3,879$3,502$3,159$2,847$2,407
11 years$3,861$3,453$3,083$2,749$2,448$2,030
12 years$3,503$3,099$2,736$2,411$2,122$1,724
13 years$3,201$2,801$2,445$2,129$1,850$1,473
14 years$2,942$2,546$2,197$1,890$1,622$1,264
15 years$2,717$2,326$1,983$1,685$1,428$1,090
16 years$2,521$2,134$1,798$1,509$1,262$942
17 years$2,348$1,965$1,636$1,356$1,119$817
18 years$2,194$1,816$1,494$1,222$995$711
19 years$2,057$1,683$1,367$1,104$887$619
20 years$1,934$1,564$1,255$1,000$792$540
21 years$1,822$1,457$1,154$908$709$472
22 years$1,721$1,360$1,064$825$635$413
23 years$1,629$1,272$982$752$570$362
24 years$1,545$1,192$908$685$513$318
25 years$1,467$1,118$841$626$461$279
26 years$1,395$1,051$780$572$416$245
27 years$1,329$989$725$524$375$215
28 years$1,268$932$674$480$338$189
29 years$1,211$879$627$440$305$167
30 years$1,158$830$584$404$276$147
31 years$1,109$785$544$371$249$129
32 years$1,062$743$508$341$226$114
33 years$1,019$703$474$314$204$100
34 years$978$667$443$288$185$89
35 years$940$632$414$266$167$78
36 years$904$600$388$245$152$69
37 years$870$570$363$225$137$61
38 years$837$542$340$208$125$54
39 years$807$515$318$192$113$47
40 years$778$490$298$177$103$42
41 years$750$466$280$163$93$37
42 years$724$444$262$150$84$33
43 years$700$423$246$139$77$29
44 years$676$403$231$128$70$25
45 years$654$385$217$118$63$22
46 years$632$367$204$109$57$20
47 years$612$350$191$101$52$17
48 years$592$334$180$93$47$15
49 years$573$319$169$86$43$14
50 years$556$305$159$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $569,000, adding $6,877 every year, while hoping to spend $43,330 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: 31/46/23 Blend
63$569,000$569,000$569,000$569,000
64$634,132$603,975$595,155$649,106
65$652,710$587,467$568,990$644,559
66$671,732$568,697$540,496$635,317
67$691,195$547,511$509,550$624,479
68$711,099$523,740$476,022$611,934
69$731,439$497,212$439,776$597,565
70$752,210$467,739$400,673$581,245
71$773,403$435,126$358,563$562,844
72$795,009$399,166$313,294$542,220
73$817,015$359,640$264,704$519,226
74$839,404$316,316$212,625$493,704
75$862,156$268,949$156,881$465,489
76$885,249$217,280$97,290$434,403
77$908,655$161,037$33,660$400,261
78$932,342$99,932$0$362,864
79$956,271$33,659$0$330,408
80$980,398$0$0$303,628
81$1,004,675$0$0$293,362
82$1,029,042$0$0$300,116
83$1,053,434$0$0$306,829
84$1,077,777$0$0$313,473
85$1,101,984$0$0$320,020
86$1,125,960$0$0$326,433
87$1,149,597$0$0$332,673
88$1,172,771$0$0$338,698
89$1,195,345$0$0$344,459
90$1,217,165$0$0$349,900
91$1,238,056$0$0$354,961
92$1,257,827$0$0$359,574
93$1,276,258$0$0$363,661
94$1,293,109$0$0$367,140
95$1,308,109$0$0$369,914
96$1,320,957$0$0$371,878
97$1,331,317$0$0$372,917
98$1,338,816$0$0$372,899
99$1,343,038$0$0$371,681
100$1,343,522$0$0$369,102