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%16.9%
1 years$46,987$46,569$46,161$45,762$45,373$44,097
2 years$23,261$22,828$22,408$22,001$21,606$20,331
3 years$15,353$14,918$14,499$14,096$13,708$12,472
4 years$11,400$10,967$10,552$10,156$9,777$8,591
5 years$9,029$8,598$8,189$7,800$7,432$6,299
6 years$7,449$7,021$6,618$6,238$5,881$4,802
7 years$6,320$5,896$5,499$5,129$4,783$3,758
8 years$5,475$5,054$4,664$4,302$3,968$2,996
9 years$4,817$4,400$4,017$3,665$3,341$2,422
10 years$4,291$3,879$3,502$3,159$2,847$1,979
11 years$3,861$3,453$3,083$2,749$2,448$1,630
12 years$3,503$3,099$2,736$2,411$2,122$1,352
13 years$3,201$2,801$2,445$2,129$1,850$1,127
14 years$2,942$2,546$2,197$1,890$1,622$943
15 years$2,717$2,326$1,983$1,685$1,428$792
16 years$2,521$2,134$1,798$1,509$1,262$668
17 years$2,348$1,965$1,636$1,356$1,119$564
18 years$2,194$1,816$1,494$1,222$995$477
19 years$2,057$1,683$1,367$1,104$887$404
20 years$1,934$1,564$1,255$1,000$792$343
21 years$1,822$1,457$1,154$908$709$292
22 years$1,721$1,360$1,064$825$635$248
23 years$1,629$1,272$982$752$570$211
24 years$1,545$1,192$908$685$513$180
25 years$1,467$1,118$841$626$461$153
26 years$1,395$1,051$780$572$416$131
27 years$1,329$989$725$524$375$112
28 years$1,268$932$674$480$338$95
29 years$1,211$879$627$440$305$81
30 years$1,158$830$584$404$276$69
31 years$1,109$785$544$371$249$59
32 years$1,062$743$508$341$226$51
33 years$1,019$703$474$314$204$43
34 years$978$667$443$288$185$37
35 years$940$632$414$266$167$32
36 years$904$600$388$245$152$27
37 years$870$570$363$225$137$23
38 years$837$542$340$208$125$20
39 years$807$515$318$192$113$17
40 years$778$490$298$177$103$14
41 years$750$466$280$163$93$12
42 years$724$444$262$150$84$11
43 years$700$423$246$139$77$9
44 years$676$403$231$128$70$8
45 years$654$385$217$118$63$7
46 years$632$367$204$109$57$6
47 years$612$350$191$101$52$5
48 years$592$334$180$93$47$4
49 years$573$319$169$86$43$4
50 years$556$305$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 $569,000, adding $4,341 every year, while hoping to spend $35,543 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: 49/29/22 Blend
63$569,000$569,000$569,000$569,000
64$631,516$601,359$592,539$658,350
65$658,113$593,008$574,572$669,113
66$686,232$583,057$554,811$676,862
67$715,990$571,389$533,160$684,546
68$747,516$557,882$509,516$692,175
69$780,950$542,406$483,772$699,762
70$816,446$524,823$455,818$707,320
71$854,171$504,987$425,535$714,871
72$894,310$482,744$392,804$722,439
73$937,062$457,932$357,496$730,054
74$982,649$430,377$319,478$737,753
75$1,031,311$399,896$278,612$745,578
76$1,083,311$366,298$234,753$753,580
77$1,138,941$329,379$187,748$761,820
78$1,198,516$288,921$137,441$770,367
79$1,262,385$244,699$83,666$779,303
80$1,330,929$196,470$26,250$788,721
81$1,404,569$143,982$0$798,730
82$1,483,762$86,965$0$817,674
83$1,569,016$25,135$0$844,586
84$1,660,883$0$0$873,504
85$1,759,973$0$0$918,002
86$1,866,956$0$0$974,751
87$1,982,566$0$0$1,036,127
88$2,107,611$0$0$1,102,565
89$2,242,980$0$0$1,174,543
90$2,389,648$0$0$1,252,588
91$2,548,691$0$0$1,337,277
92$2,721,287$0$0$1,429,249
93$2,908,736$0$0$1,529,202
94$3,112,467$0$0$1,637,906
95$3,334,049$0$0$1,756,209
96$3,575,212$0$0$1,885,043
97$3,837,859$0$0$2,025,433
98$4,124,081$0$0$2,178,509
99$4,436,183$0$0$2,345,513
100$4,776,700$0$0$2,527,813