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%15.4%
1 years$47,070$46,651$46,242$45,842$45,453$44,444
2 years$23,302$22,868$22,447$22,040$21,644$20,633
3 years$15,380$14,945$14,525$14,121$13,732$12,750
4 years$11,420$10,986$10,570$10,173$9,794$8,849
5 years$9,045$8,613$8,203$7,814$7,445$6,540
6 years$7,462$7,033$6,629$6,249$5,891$5,026
7 years$6,331$5,906$5,509$5,138$4,791$3,967
8 years$5,484$5,063$4,672$4,310$3,975$3,191
9 years$4,825$4,408$4,024$3,671$3,347$2,603
10 years$4,299$3,886$3,508$3,164$2,852$2,147
11 years$3,868$3,459$3,089$2,754$2,453$1,785
12 years$3,510$3,105$2,741$2,416$2,126$1,495
13 years$3,206$2,806$2,449$2,133$1,853$1,259
14 years$2,947$2,550$2,200$1,893$1,625$1,065
15 years$2,722$2,330$1,987$1,688$1,431$904
16 years$2,525$2,138$1,801$1,512$1,264$770
17 years$2,352$1,969$1,639$1,358$1,121$657
18 years$2,198$1,819$1,496$1,224$997$562
19 years$2,061$1,686$1,370$1,106$888$482
20 years$1,937$1,567$1,257$1,002$794$414
21 years$1,826$1,459$1,156$909$710$356
22 years$1,724$1,362$1,066$827$637$306
23 years$1,632$1,274$984$753$571$264
24 years$1,547$1,194$910$687$514$227
25 years$1,470$1,120$843$627$462$196
26 years$1,398$1,053$782$573$416$169
27 years$1,332$991$726$525$375$146
28 years$1,270$934$675$481$339$126
29 years$1,213$881$628$441$306$109
30 years$1,160$832$585$405$276$94
31 years$1,111$786$545$372$250$82
32 years$1,064$744$509$342$226$71
33 years$1,021$705$475$314$205$61
34 years$980$668$444$289$185$53
35 years$942$633$415$266$168$46
36 years$905$601$388$245$152$40
37 years$871$571$363$226$138$34
38 years$839$543$340$208$125$30
39 years$808$516$319$192$113$26
40 years$779$491$299$177$103$22
41 years$752$467$280$163$93$19
42 years$726$445$263$151$85$17
43 years$701$424$247$139$77$15
44 years$677$404$231$128$70$13
45 years$655$385$217$119$63$11
46 years$633$368$204$110$57$9
47 years$613$351$192$101$52$8
48 years$593$335$180$94$47$7
49 years$574$320$169$86$43$6
50 years$557$306$159$80$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $570,000, adding $2,108 every year, while hoping to spend $40,150 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: 44/47/9 Blend
63$570,000$570,000$570,000$570,000
64$630,314$600,104$591,269$656,339
65$651,887$586,790$568,358$661,288
66$674,315$571,478$543,333$662,381
67$697,642$554,027$516,081$662,652
68$721,917$534,290$486,485$662,040
69$747,190$512,109$454,421$660,481
70$773,519$487,317$419,759$657,908
71$800,961$459,739$382,365$654,250
72$829,582$429,189$342,096$649,435
73$859,450$395,470$298,807$643,385
74$890,640$358,374$252,344$636,020
75$923,233$317,682$202,544$627,255
76$957,315$273,161$149,242$617,003
77$992,981$224,565$92,261$605,171
78$1,030,332$171,636$31,419$591,666
79$1,069,479$114,099$0$576,387
80$1,110,542$51,666$0$562,450
81$1,153,650$0$0$549,959
82$1,198,945$0$0$544,062
83$1,246,581$0$0$565,985
84$1,296,724$0$0$589,087
85$1,349,555$0$0$613,454
86$1,405,273$0$0$639,182
87$1,464,093$0$0$666,373
88$1,526,251$0$0$695,140
89$1,592,002$0$0$725,607
90$1,661,628$0$0$757,908
91$1,735,433$0$0$792,190
92$1,813,753$0$0$828,613
93$1,896,952$0$0$867,353
94$1,985,431$0$0$908,603
95$2,079,627$0$0$952,573
96$2,180,019$0$0$999,493
97$2,287,131$0$0$1,049,617
98$2,401,539$0$0$1,103,221
99$2,523,871$0$0$1,160,608
100$2,654,819$0$0$1,222,112