Can I retire at age 64 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$47,400$46,978$46,566$46,164$45,772$45,256
2 years$23,466$23,029$22,605$22,194$21,796$21,277
3 years$15,488$15,049$14,627$14,220$13,828$13,322
4 years$11,500$11,063$10,645$10,245$9,862$9,373
5 years$9,108$8,673$8,261$7,869$7,497$7,025
6 years$7,514$7,083$6,676$6,293$5,932$5,479
7 years$6,376$5,948$5,548$5,174$4,825$4,390
8 years$5,523$5,098$4,705$4,340$4,002$3,587
9 years$4,859$4,439$4,052$3,697$3,371$2,973
10 years$4,329$3,913$3,533$3,187$2,872$2,493
11 years$3,895$3,483$3,110$2,773$2,470$2,109
12 years$3,534$3,126$2,760$2,433$2,140$1,797
13 years$3,229$2,825$2,466$2,148$1,866$1,540
14 years$2,967$2,568$2,216$1,906$1,636$1,327
15 years$2,741$2,346$2,001$1,700$1,441$1,147
16 years$2,543$2,153$1,814$1,522$1,273$996
17 years$2,369$1,982$1,651$1,368$1,129$866
18 years$2,214$1,832$1,507$1,233$1,004$756
19 years$2,075$1,698$1,379$1,114$895$661
20 years$1,951$1,578$1,266$1,009$799$579
21 years$1,838$1,469$1,164$916$715$508
22 years$1,736$1,372$1,073$832$641$446
23 years$1,643$1,283$991$758$575$393
24 years$1,558$1,202$916$691$517$346
25 years$1,480$1,128$849$631$465$305
26 years$1,408$1,060$787$577$419$269
27 years$1,341$998$731$528$378$237
28 years$1,279$940$680$484$341$209
29 years$1,222$887$632$444$308$185
30 years$1,168$838$589$408$278$164
31 years$1,118$792$549$374$252$145
32 years$1,072$749$512$344$228$128
33 years$1,028$710$478$316$206$113
34 years$987$672$447$291$186$100
35 years$948$638$418$268$169$89
36 years$912$605$391$247$153$79
37 years$877$575$366$227$139$70
38 years$845$546$343$210$126$62
39 years$814$520$321$193$114$55
40 years$785$494$301$178$103$49
41 years$757$471$282$164$94$43
42 years$731$448$265$152$85$38
43 years$706$427$248$140$77$34
44 years$682$407$233$129$70$30
45 years$659$388$219$119$64$27
46 years$638$370$206$110$58$24
47 years$617$353$193$102$52$21
48 years$597$337$181$94$48$19
49 years$578$322$171$87$43$16
50 years$560$308$160$80$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $574,000, adding $2,906 every year, while hoping to spend $23,490 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: 75/5/20 Blend
63$574,000$574,000$574,000$574,000
64$635,546$605,124$596,227$680,000
65$675,378$609,781$591,207$714,526
66$718,486$613,880$585,232$749,202
67$765,179$617,368$578,245$786,602
68$815,797$620,189$570,186$826,992
69$870,714$622,284$560,993$870,665
70$930,342$623,590$550,600$917,943
71$995,132$624,041$538,941$969,185
72$1,065,582$623,566$525,942$1,024,781
73$1,142,240$622,089$511,530$1,085,166
74$1,225,708$619,531$495,625$1,150,818
75$1,316,649$615,807$478,148$1,222,262
76$1,415,792$610,827$459,011$1,300,079
77$1,523,941$604,496$438,126$1,384,910
78$1,641,979$596,711$415,399$1,477,460
79$1,770,878$587,368$390,732$1,578,507
80$1,911,710$576,351$364,024$1,688,910
81$2,065,653$563,541$335,167$1,809,615
82$2,234,005$548,809$304,051$1,941,664
83$2,418,195$532,023$270,558$2,086,208
84$2,619,796$513,037$234,567$2,244,514
85$2,840,542$491,703$195,951$2,417,981
86$3,082,340$467,859$154,578$2,608,150
87$3,347,291$441,336$110,309$2,816,720
88$3,637,709$411,956$62,999$3,045,565
89$3,956,144$379,531$12,498$3,296,749
90$4,305,402$343,858$0$3,572,550
91$4,688,574$304,729$0$3,884,313
92$5,109,067$261,919$0$4,229,392
93$5,570,631$215,192$0$4,608,203
94$6,077,398$164,300$0$5,024,150
95$6,633,921$108,978$0$5,480,980
96$7,245,212$48,950$0$5,982,823
97$7,916,796$0$0$6,534,227
98$8,654,758$0$0$7,141,091
99$9,465,801$0$0$7,811,037
100$10,357,311$0$0$8,547,478