Can I retire at age 64 with 572,000?

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 $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%16.1%
1 years$47,235$46,814$46,404$46,003$45,612$44,473
2 years$23,384$22,948$22,526$22,117$21,720$20,580
3 years$15,434$14,997$14,576$14,171$13,780$12,674
4 years$11,460$11,024$10,608$10,209$9,828$8,765
5 years$9,077$8,643$8,232$7,842$7,471$6,454
6 years$7,488$7,058$6,653$6,271$5,912$4,941
7 years$6,354$5,927$5,528$5,156$4,808$3,884
8 years$5,503$5,081$4,688$4,325$3,989$3,112
9 years$4,842$4,424$4,038$3,684$3,359$2,528
10 years$4,314$3,899$3,521$3,176$2,862$2,076
11 years$3,882$3,471$3,099$2,764$2,461$1,719
12 years$3,522$3,116$2,751$2,424$2,133$1,433
13 years$3,218$2,816$2,458$2,140$1,860$1,201
14 years$2,957$2,559$2,208$1,900$1,630$1,011
15 years$2,731$2,338$1,994$1,694$1,436$854
16 years$2,534$2,145$1,808$1,517$1,269$723
17 years$2,360$1,976$1,645$1,363$1,125$615
18 years$2,206$1,825$1,501$1,228$1,000$523
19 years$2,068$1,692$1,375$1,110$892$446
20 years$1,944$1,572$1,261$1,005$796$381
21 years$1,832$1,464$1,160$912$713$326
22 years$1,730$1,367$1,069$830$639$279
23 years$1,638$1,278$987$755$573$239
24 years$1,553$1,198$913$689$515$205
25 years$1,475$1,124$846$629$464$176
26 years$1,403$1,056$784$575$418$151
27 years$1,336$994$728$527$377$129
28 years$1,275$937$677$483$340$111
29 years$1,218$884$630$442$307$96
30 years$1,164$835$587$406$277$82
31 years$1,115$789$547$373$251$71
32 years$1,068$747$511$343$227$61
33 years$1,024$707$477$315$205$52
34 years$983$670$445$290$186$45
35 years$945$636$416$267$168$39
36 years$908$603$390$246$152$33
37 years$874$573$365$227$138$29
38 years$842$545$341$209$125$25
39 years$811$518$320$193$114$21
40 years$782$493$300$178$103$18
41 years$754$469$281$164$93$16
42 years$728$447$264$151$85$14
43 years$703$426$247$140$77$12
44 years$680$406$232$129$70$10
45 years$657$387$218$119$63$9
46 years$635$369$205$110$58$7
47 years$615$352$192$102$52$6
48 years$595$336$181$94$48$6
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 $6,629 every year, while hoping to spend $32,836 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: 47/38/15 Blend
63$572,000$572,000$572,000$572,000
64$637,182$606,866$598,000$664,146
65$667,237$601,665$583,096$678,320
66$699,258$595,109$566,591$689,811
67$733,409$587,096$548,399$701,567
68$769,873$577,520$528,427$713,623
69$808,848$566,267$506,577$726,023
70$850,553$553,216$482,750$738,817
71$895,226$538,241$456,839$752,061
72$943,131$521,206$428,735$765,821
73$994,555$501,970$398,322$780,170
74$1,049,813$480,380$365,480$795,194
75$1,109,253$456,278$330,082$810,989
76$1,173,255$429,494$291,998$827,665
77$1,242,238$399,849$251,091$845,346
78$1,316,659$367,155$207,216$864,173
79$1,397,025$331,213$160,224$884,303
80$1,483,889$291,810$109,959$905,916
81$1,577,861$248,724$56,258$929,213
82$1,679,611$201,719$0$954,421
83$1,789,874$150,546$0$981,964
84$1,909,461$94,943$0$1,021,577
85$2,039,262$34,631$0$1,064,599
86$2,180,257$0$0$1,111,420
87$2,333,522$0$0$1,175,304
88$2,500,242$0$0$1,260,605
89$2,681,722$0$0$1,353,518
90$2,879,397$0$0$1,454,785
91$3,094,844$0$0$1,565,222
92$3,329,803$0$0$1,685,728
93$3,586,185$0$0$1,817,293
94$3,866,095$0$0$1,961,005
95$4,171,850$0$0$2,118,064
96$4,506,002$0$0$2,289,790
97$4,871,359$0$0$2,477,635
98$5,271,014$0$0$2,683,201
99$5,708,371$0$0$2,908,250
100$6,187,179$0$0$3,154,721