Can I retire at age 64 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$47,318$46,896$46,485$46,084$45,692$45,083
2 years$23,425$22,988$22,566$22,156$21,758$21,146
3 years$15,461$15,023$14,601$14,195$13,804$13,208
4 years$11,480$11,044$10,626$10,227$9,845$9,269
5 years$9,093$8,658$8,246$7,855$7,484$6,929
6 years$7,501$7,070$6,664$6,282$5,922$5,390
7 years$6,365$5,938$5,538$5,165$4,816$4,306
8 years$5,513$5,090$4,697$4,333$3,995$3,508
9 years$4,851$4,431$4,045$3,690$3,365$2,900
10 years$4,321$3,906$3,527$3,181$2,867$2,424
11 years$3,888$3,477$3,105$2,769$2,466$2,044
12 years$3,528$3,121$2,755$2,428$2,137$1,736
13 years$3,223$2,821$2,462$2,144$1,863$1,483
14 years$2,962$2,564$2,212$1,903$1,633$1,273
15 years$2,736$2,342$1,997$1,697$1,438$1,097
16 years$2,539$2,149$1,811$1,520$1,271$949
17 years$2,364$1,979$1,648$1,365$1,127$823
18 years$2,210$1,829$1,504$1,231$1,002$716
19 years$2,072$1,695$1,377$1,112$893$623
20 years$1,947$1,575$1,264$1,007$798$544
21 years$1,835$1,467$1,162$914$714$476
22 years$1,733$1,369$1,071$831$640$416
23 years$1,640$1,281$989$757$574$365
24 years$1,555$1,200$915$690$516$320
25 years$1,477$1,126$847$630$465$281
26 years$1,405$1,058$786$576$418$247
27 years$1,339$996$730$528$377$217
28 years$1,277$939$678$483$340$191
29 years$1,220$885$631$443$307$168
30 years$1,166$836$588$407$278$148
31 years$1,117$790$548$374$251$130
32 years$1,070$748$511$343$227$115
33 years$1,026$708$478$316$206$101
34 years$985$671$446$291$186$89
35 years$946$637$417$267$169$79
36 years$910$604$390$246$153$69
37 years$876$574$365$227$138$61
38 years$843$545$342$209$126$54
39 years$813$519$320$193$114$48
40 years$783$494$300$178$103$42
41 years$756$470$282$164$94$37
42 years$730$447$264$151$85$33
43 years$705$426$248$140$77$29
44 years$681$406$233$129$70$26
45 years$658$387$219$119$64$23
46 years$637$370$205$110$58$20
47 years$616$353$193$102$52$18
48 years$596$337$181$94$48$16
49 years$577$322$170$87$43$14
50 years$559$307$160$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $573,000, adding $3,181 every year, while hoping to spend $45,571 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: 56/32/12 Blend
63$573,000$573,000$573,000$573,000
64$634,727$604,358$595,477$668,173
65$650,982$585,485$566,938$672,306
66$667,368$564,159$535,916$671,529
67$683,849$540,213$502,279$669,611
68$700,387$513,468$465,890$666,451
69$716,935$483,736$426,606$661,940
70$733,442$450,819$384,277$655,960
71$749,849$414,505$338,746$648,386
72$766,090$374,572$289,851$639,081
73$782,090$330,785$237,419$627,900
74$797,764$282,895$181,274$614,684
75$813,018$230,639$121,229$599,264
76$827,745$173,739$57,089$581,458
77$841,826$111,903$0$561,069
78$855,128$44,822$0$539,337
79$867,500$0$0$522,476
80$878,776$0$0$512,749
81$888,771$0$0$517,985
82$897,276$0$0$522,274
83$904,061$0$0$525,470
84$908,869$0$0$527,415
85$911,414$0$0$527,932
86$911,379$0$0$526,823
87$908,411$0$0$523,869
88$902,118$0$0$518,829
89$892,066$0$0$511,432
90$877,774$0$0$501,381
91$858,707$0$0$488,345
92$834,275$0$0$471,958
93$803,823$0$0$451,814
94$766,624$0$0$427,464
95$721,877$0$0$398,412
96$668,692$0$0$364,108
97$606,088$0$0$323,945
98$532,979$0$0$277,249
99$448,161$0$0$223,279
100$350,308$0$0$161,214