Can I retire at age 64 with 571,000?

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 $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%11.8%
1 years$47,153$46,733$46,323$45,923$45,532$45,189
2 years$23,343$22,908$22,487$22,078$21,682$21,336
3 years$15,407$14,971$14,550$14,146$13,756$13,417
4 years$11,440$11,005$10,589$10,191$9,811$9,483
5 years$9,061$8,628$8,218$7,828$7,458$7,141
6 years$7,475$7,046$6,641$6,260$5,901$5,597
7 years$6,343$5,917$5,519$5,147$4,799$4,507
8 years$5,494$5,072$4,680$4,317$3,982$3,701
9 years$4,834$4,416$4,031$3,677$3,353$3,084
10 years$4,306$3,892$3,514$3,170$2,857$2,600
11 years$3,875$3,465$3,094$2,759$2,457$2,212
12 years$3,516$3,110$2,746$2,420$2,129$1,895
13 years$3,212$2,811$2,453$2,136$1,857$1,634
14 years$2,952$2,555$2,204$1,896$1,628$1,416
15 years$2,727$2,334$1,990$1,691$1,433$1,232
16 years$2,530$2,141$1,804$1,514$1,267$1,076
17 years$2,356$1,972$1,642$1,361$1,123$942
18 years$2,202$1,822$1,499$1,226$999$827
19 years$2,064$1,689$1,372$1,108$890$728
20 years$1,941$1,569$1,259$1,004$795$642
21 years$1,829$1,462$1,158$911$711$567
22 years$1,727$1,365$1,068$828$638$501
23 years$1,635$1,276$986$754$572$444
24 years$1,550$1,196$912$688$515$394
25 years$1,472$1,122$844$628$463$349
26 years$1,400$1,055$783$574$417$310
27 years$1,334$993$727$526$376$276
28 years$1,273$935$676$482$339$246
29 years$1,216$882$629$442$306$219
30 years$1,162$833$586$405$277$195
31 years$1,113$788$546$372$250$173
32 years$1,066$745$510$342$226$155
33 years$1,023$706$476$315$205$138
34 years$982$669$445$290$185$123
35 years$943$635$416$267$168$110
36 years$907$602$389$245$152$98
37 years$873$572$364$226$138$87
38 years$840$544$341$208$125$78
39 years$810$517$319$192$113$70
40 years$781$492$299$177$103$62
41 years$753$468$281$164$93$56
42 years$727$446$263$151$85$50
43 years$702$425$247$139$77$44
44 years$678$405$232$129$70$40
45 years$656$386$218$119$63$35
46 years$634$368$205$110$58$32
47 years$614$352$192$101$52$28
48 years$594$336$181$94$47$25
49 years$575$320$170$87$43$23
50 years$557$306$160$80$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $571,000, adding $6,359 every year, while hoping to spend $29,634 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: 30/49/21 Blend
63$571,000$571,000$571,000$571,000
64$635,801$605,538$596,688$650,546
65$669,123$603,679$585,147$660,450
66$704,850$600,736$572,225$668,005
67$743,196$596,624$557,847$675,512
68$784,397$591,254$541,930$682,983
69$828,711$584,530$524,390$690,438
70$876,420$576,353$505,138$697,898
71$927,836$566,615$484,081$705,392
72$983,300$555,204$461,122$712,954
73$1,043,187$542,000$436,160$720,624
74$1,107,910$526,875$409,089$728,451
75$1,177,922$509,697$379,798$736,490
76$1,253,720$490,323$348,172$744,810
77$1,335,853$468,602$314,089$753,487
78$1,424,922$444,375$277,423$762,612
79$1,521,590$417,476$238,043$772,289
80$1,626,585$387,725$195,810$782,636
81$1,740,708$354,934$150,581$793,792
82$1,864,840$318,906$102,205$805,912
83$1,999,950$279,429$50,526$819,176
84$2,147,107$236,283$0$833,786
85$2,307,482$189,231$0$851,010
86$2,482,370$138,028$0$882,222
87$2,673,191$82,410$0$916,423
88$2,881,510$22,102$0$953,989
89$3,109,051$0$0$995,340
90$3,357,711$0$0$1,064,230
91$3,629,577$0$0$1,152,665
92$3,926,949$0$0$1,249,487
93$4,252,359$0$0$1,355,532
94$4,608,593$0$0$1,471,718
95$4,998,722$0$0$1,599,061
96$5,426,126$0$0$1,738,674
97$5,894,527$0$0$1,891,789
98$6,408,026$0$0$2,059,758
99$6,971,137$0$0$2,244,072
100$7,588,835$0$0$2,446,375