Can I retire at age 64 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$47,070$46,651$46,242$45,842$45,453$44,922
2 years$23,302$22,868$22,447$22,040$21,644$21,110
3 years$15,380$14,945$14,525$14,121$13,732$13,211
4 years$11,420$10,986$10,570$10,173$9,794$9,290
5 years$9,045$8,613$8,203$7,814$7,445$6,960
6 years$7,462$7,033$6,629$6,249$5,891$5,425
7 years$6,331$5,906$5,509$5,138$4,791$4,344
8 years$5,484$5,063$4,672$4,310$3,975$3,547
9 years$4,825$4,408$4,024$3,671$3,347$2,939
10 years$4,299$3,886$3,508$3,164$2,852$2,463
11 years$3,868$3,459$3,089$2,754$2,453$2,082
12 years$3,510$3,105$2,741$2,416$2,126$1,773
13 years$3,206$2,806$2,449$2,133$1,853$1,519
14 years$2,947$2,550$2,200$1,893$1,625$1,307
15 years$2,722$2,330$1,987$1,688$1,431$1,130
16 years$2,525$2,138$1,801$1,512$1,264$980
17 years$2,352$1,969$1,639$1,358$1,121$852
18 years$2,198$1,819$1,496$1,224$997$743
19 years$2,061$1,686$1,370$1,106$888$649
20 years$1,937$1,567$1,257$1,002$794$568
21 years$1,826$1,459$1,156$909$710$498
22 years$1,724$1,362$1,066$827$637$437
23 years$1,632$1,274$984$753$571$384
24 years$1,547$1,194$910$687$514$338
25 years$1,470$1,120$843$627$462$298
26 years$1,398$1,053$782$573$416$262
27 years$1,332$991$726$525$375$231
28 years$1,270$934$675$481$339$204
29 years$1,213$881$628$441$306$180
30 years$1,160$832$585$405$276$159
31 years$1,111$786$545$372$250$141
32 years$1,064$744$509$342$226$124
33 years$1,021$705$475$314$205$110
34 years$980$668$444$289$185$97
35 years$942$633$415$266$168$86
36 years$905$601$388$245$152$76
37 years$871$571$363$226$138$67
38 years$839$543$340$208$125$60
39 years$808$516$319$192$113$53
40 years$779$491$299$177$103$47
41 years$752$467$280$163$93$42
42 years$726$445$263$151$85$37
43 years$701$424$247$139$77$33
44 years$677$404$231$128$70$29
45 years$655$385$217$119$63$26
46 years$633$368$204$110$57$23
47 years$613$351$192$101$52$20
48 years$593$335$180$94$47$18
49 years$574$320$169$86$43$16
50 years$557$306$159$80$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $570,000, adding $6,901 every year, while hoping to spend $27,045 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: 54/32/14 Blend
63$570,000$570,000$570,000$570,000
64$635,258$605,048$596,213$666,861
65$671,279$605,920$587,411$690,024
66$710,067$605,928$577,407$711,729
67$751,877$605,001$566,133$734,738
68$796,987$603,065$553,517$759,179
69$845,704$600,039$539,483$785,198
70$898,363$595,838$523,954$812,955
71$955,335$590,373$506,845$842,628
72$1,017,026$583,549$488,072$874,414
73$1,083,884$575,264$467,543$908,533
74$1,156,399$565,411$445,165$945,228
75$1,235,113$553,877$420,839$984,768
76$1,320,619$540,542$394,462$1,027,452
77$1,413,573$525,279$365,927$1,073,610
78$1,514,692$507,952$335,120$1,123,610
79$1,624,769$488,420$301,925$1,177,857
80$1,744,674$466,532$266,219$1,236,803
81$1,875,367$442,128$227,873$1,300,944
82$2,017,901$415,039$186,753$1,370,833
83$2,173,438$385,087$142,721$1,447,080
84$2,343,256$352,083$95,629$1,530,362
85$2,528,761$315,828$45,325$1,621,428
86$2,731,502$276,111$0$1,721,104
87$2,953,185$232,710$0$1,831,555
88$3,195,685$185,388$0$1,959,854
89$3,461,071$133,898$0$2,100,367
90$3,751,618$77,977$0$2,254,362
91$4,069,833$17,348$0$2,423,237
92$4,418,475$0$0$2,608,536
93$4,800,585$0$0$2,828,965
94$5,219,510$0$0$3,077,384
95$5,678,937$0$0$3,349,878
96$6,182,927$0$0$3,648,862
97$6,735,954$0$0$3,976,997
98$7,342,944$0$0$4,337,214
99$8,009,324$0$0$4,732,742
100$8,741,073$0$0$5,167,138