Can I retire at age 64 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$47,235$46,814$46,404$46,003$45,612$44,455
2 years$23,384$22,948$22,526$22,117$21,720$20,562
3 years$15,434$14,997$14,576$14,171$13,780$12,657
4 years$11,460$11,024$10,608$10,209$9,828$8,749
5 years$9,077$8,643$8,232$7,842$7,471$6,439
6 years$7,488$7,058$6,653$6,271$5,912$4,927
7 years$6,354$5,927$5,528$5,156$4,808$3,871
8 years$5,503$5,081$4,688$4,325$3,989$3,099
9 years$4,842$4,424$4,038$3,684$3,359$2,516
10 years$4,314$3,899$3,521$3,176$2,862$2,065
11 years$3,882$3,471$3,099$2,764$2,461$1,709
12 years$3,522$3,116$2,751$2,424$2,133$1,423
13 years$3,218$2,816$2,458$2,140$1,860$1,192
14 years$2,957$2,559$2,208$1,900$1,630$1,003
15 years$2,731$2,338$1,994$1,694$1,436$846
16 years$2,534$2,145$1,808$1,517$1,269$717
17 years$2,360$1,976$1,645$1,363$1,125$608
18 years$2,206$1,825$1,501$1,228$1,000$517
19 years$2,068$1,692$1,375$1,110$892$441
20 years$1,944$1,572$1,261$1,005$796$376
21 years$1,832$1,464$1,160$912$713$321
22 years$1,730$1,367$1,069$830$639$275
23 years$1,638$1,278$987$755$573$235
24 years$1,553$1,198$913$689$515$202
25 years$1,475$1,124$846$629$464$173
26 years$1,403$1,056$784$575$418$148
27 years$1,336$994$728$527$377$127
28 years$1,275$937$677$483$340$109
29 years$1,218$884$630$442$307$94
30 years$1,164$835$587$406$277$81
31 years$1,115$789$547$373$251$69
32 years$1,068$747$511$343$227$59
33 years$1,024$707$477$315$205$51
34 years$983$670$445$290$186$44
35 years$945$636$416$267$168$38
36 years$908$603$390$246$152$33
37 years$874$573$365$227$138$28
38 years$842$545$341$209$125$24
39 years$811$518$320$193$114$21
40 years$782$493$300$178$103$18
41 years$754$469$281$164$93$15
42 years$728$447$264$151$85$13
43 years$703$426$247$140$77$11
44 years$680$406$232$129$70$10
45 years$657$387$218$119$63$8
46 years$635$369$205$110$58$7
47 years$615$352$192$102$52$6
48 years$595$336$181$94$48$5
49 years$576$321$170$87$43$5
50 years$558$307$160$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $572,000, adding $2,198 every year, while hoping to spend $45,201 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: 35/47/18 Blend
63$572,000$572,000$572,000$572,000
64$632,611$602,295$593,429$651,197
65$649,044$583,714$565,216$646,386
66$665,638$562,708$534,542$636,822
67$682,362$539,109$501,278$625,551
68$699,180$512,743$465,288$612,447
69$716,051$483,421$426,429$597,376
70$732,927$450,948$384,554$580,197
71$749,756$415,115$339,507$560,755
72$766,476$375,701$291,125$538,890
73$783,020$332,473$239,241$514,428
74$799,310$285,186$183,678$487,186
75$815,258$233,579$124,250$456,968
76$830,768$177,378$60,765$423,565
77$845,728$116,291$0$386,753
78$860,017$50,014$0$347,638
79$873,495$0$0$317,166
80$886,010$0$0$294,690
81$897,389$0$0$297,597
82$907,441$0$0$299,945
83$915,951$0$0$301,651
84$922,681$0$0$302,620
85$927,367$0$0$302,750
86$929,714$0$0$301,925
87$929,394$0$0$300,017
88$926,045$0$0$296,884
89$919,263$0$0$292,368
90$908,599$0$0$286,297
91$893,559$0$0$278,475
92$873,591$0$0$268,689
93$848,087$0$0$256,702
94$816,371$0$0$242,251
95$777,696$0$0$225,047
96$731,235$0$0$204,767
97$676,072$0$0$181,057
98$611,196$0$0$153,523
99$535,487$0$0$121,733
100$447,707$0$0$85,204