Can I retire at age 64 with 571,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$47,153$46,733$46,323$45,923$45,532$44,234
2 years$23,343$22,908$22,487$22,078$21,682$20,385
3 years$15,407$14,971$14,550$14,146$13,756$12,499
4 years$11,440$11,005$10,589$10,191$9,811$8,605
5 years$9,061$8,628$8,218$7,828$7,458$6,306
6 years$7,475$7,046$6,641$6,260$5,901$4,805
7 years$6,343$5,917$5,519$5,147$4,799$3,758
8 years$5,494$5,072$4,680$4,317$3,982$2,994
9 years$4,834$4,416$4,031$3,677$3,353$2,419
10 years$4,306$3,892$3,514$3,170$2,857$1,975
11 years$3,875$3,465$3,094$2,759$2,457$1,626
12 years$3,516$3,110$2,746$2,420$2,129$1,348
13 years$3,212$2,811$2,453$2,136$1,857$1,123
14 years$2,952$2,555$2,204$1,896$1,628$939
15 years$2,727$2,334$1,990$1,691$1,433$788
16 years$2,530$2,141$1,804$1,514$1,267$664
17 years$2,356$1,972$1,642$1,361$1,123$560
18 years$2,202$1,822$1,499$1,226$999$474
19 years$2,064$1,689$1,372$1,108$890$401
20 years$1,941$1,569$1,259$1,004$795$340
21 years$1,829$1,462$1,158$911$711$289
22 years$1,727$1,365$1,068$828$638$246
23 years$1,635$1,276$986$754$572$209
24 years$1,550$1,196$912$688$515$178
25 years$1,472$1,122$844$628$463$151
26 years$1,400$1,055$783$574$417$129
27 years$1,334$993$727$526$376$110
28 years$1,273$935$676$482$339$94
29 years$1,216$882$629$442$306$80
30 years$1,162$833$586$405$277$68
31 years$1,113$788$546$372$250$58
32 years$1,066$745$510$342$226$50
33 years$1,023$706$476$315$205$43
34 years$982$669$445$290$185$36
35 years$943$635$416$267$168$31
36 years$907$602$389$245$152$26
37 years$873$572$364$226$138$23
38 years$840$544$341$208$125$19
39 years$810$517$319$192$113$17
40 years$781$492$299$177$103$14
41 years$753$468$281$164$93$12
42 years$727$446$263$151$85$10
43 years$702$425$247$139$77$9
44 years$678$405$232$129$70$8
45 years$656$386$218$119$63$6
46 years$634$368$205$110$58$5
47 years$614$352$192$101$52$5
48 years$594$336$181$94$47$4
49 years$575$320$170$87$43$3
50 years$557$306$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $571,000, adding $4,096 every year, while hoping to spend $36,033 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: 37/50/13 Blend
63$571,000$571,000$571,000$571,000
64$633,467$603,204$594,354$654,243
65$659,742$594,422$575,926$660,709
66$687,489$584,002$555,673$663,917
67$716,821$571,826$533,495$666,594
68$747,859$557,769$509,290$668,710
69$780,738$541,697$482,949$670,235
70$815,604$523,470$454,358$671,141
71$852,615$502,940$423,399$671,398
72$891,947$479,949$389,948$670,980
73$933,791$454,332$353,876$669,858
74$978,354$425,911$315,048$668,008
75$1,025,867$394,501$273,323$665,407
76$1,076,579$359,905$228,553$662,033
77$1,130,765$321,916$180,584$657,870
78$1,188,726$280,312$129,257$652,902
79$1,250,792$234,863$74,402$647,121
80$1,317,324$185,323$15,846$640,522
81$1,388,719$131,432$0$633,106
82$1,465,413$72,916$0$631,351
83$1,547,883$9,488$0$631,570
84$1,636,655$0$0$631,618
85$1,732,305$0$0$664,108
86$1,835,465$0$0$704,841
87$1,946,832$0$0$748,878
88$2,067,168$0$0$796,528
89$2,197,314$0$0$848,135
90$2,338,193$0$0$904,071
91$2,490,819$0$0$964,750
92$2,656,308$0$0$1,030,624
93$2,835,887$0$0$1,102,193
94$3,030,905$0$0$1,180,005
95$3,242,847$0$0$1,264,664
96$3,473,344$0$0$1,356,833
97$3,724,193$0$0$1,457,244
98$3,997,371$0$0$1,566,700
99$4,295,052$0$0$1,686,086
100$4,619,630$0$0$1,816,376