Can I retire at age 64 with 575,000?

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 $575,000?

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 years$47,483$47,060$46,647$46,245$45,851$44,725
2 years$23,506$23,069$22,644$22,233$21,834$20,706
3 years$15,515$15,076$14,652$14,245$13,852$12,758
4 years$11,520$11,082$10,663$10,263$9,880$8,828
5 years$9,124$8,689$8,275$7,883$7,510$6,503
6 years$7,527$7,095$6,687$6,304$5,943$4,982
7 years$6,387$5,958$5,557$5,183$4,833$3,918
8 years$5,532$5,107$4,713$4,348$4,009$3,141
9 years$4,868$4,447$4,059$3,703$3,377$2,553
10 years$4,336$3,920$3,539$3,192$2,877$2,098
11 years$3,902$3,489$3,116$2,778$2,474$1,738
12 years$3,540$3,132$2,765$2,437$2,144$1,450
13 years$3,234$2,830$2,470$2,151$1,870$1,216
14 years$2,973$2,573$2,220$1,910$1,639$1,024
15 years$2,746$2,350$2,004$1,703$1,443$866
16 years$2,547$2,156$1,817$1,525$1,275$734
17 years$2,373$1,986$1,653$1,370$1,131$624
18 years$2,218$1,835$1,509$1,235$1,006$532
19 years$2,079$1,701$1,382$1,116$896$454
20 years$1,954$1,580$1,268$1,011$801$388
21 years$1,842$1,472$1,166$917$716$332
22 years$1,739$1,374$1,075$834$642$284
23 years$1,646$1,285$993$759$576$244
24 years$1,561$1,204$918$693$518$209
25 years$1,482$1,130$850$633$466$179
26 years$1,410$1,062$789$578$420$154
27 years$1,343$999$732$529$379$133
28 years$1,282$942$681$485$342$114
29 years$1,224$888$633$445$308$98
30 years$1,170$839$590$408$279$84
31 years$1,120$793$550$375$252$73
32 years$1,074$751$513$345$228$62
33 years$1,030$711$479$317$206$54
34 years$989$674$448$292$187$46
35 years$950$639$419$268$169$40
36 years$913$606$392$247$153$34
37 years$879$576$367$228$139$30
38 years$846$547$343$210$126$26
39 years$815$521$322$194$114$22
40 years$786$495$301$179$104$19
41 years$758$471$283$165$94$16
42 years$732$449$265$152$85$14
43 years$707$428$249$140$77$12
44 years$683$408$234$130$70$10
45 years$660$389$219$120$64$9
46 years$639$371$206$111$58$8
47 years$618$354$193$102$53$7
48 years$598$338$182$94$48$6
49 years$579$323$171$87$43$5
50 years$561$308$161$81$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $575,000, adding $3,480 every year, while hoping to spend $48,424 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: 50/43/7 Blend
63$575,000$575,000$575,000$575,000
64$637,240$606,765$597,852$667,797
65$650,715$584,973$566,357$667,215
66$663,943$560,491$532,185$661,109
67$676,845$533,136$495,193$653,327
68$689,336$502,713$455,235$643,725
69$701,321$469,018$412,158$632,146
70$712,690$431,834$365,800$618,421
71$723,324$390,934$315,994$602,369
72$733,088$346,074$262,564$583,794
73$741,831$297,000$205,328$562,485
74$749,386$243,441$144,095$538,214
75$755,567$185,113$78,665$510,735
76$760,164$121,713$8,830$479,783
77$762,947$52,923$0$445,071
78$763,660$0$0$411,197
79$762,017$0$0$384,159
80$757,700$0$0$380,656
81$750,359$0$0$375,450
82$739,603$0$0$368,327
83$725,001$0$0$359,046
84$706,072$0$0$347,343
85$682,288$0$0$332,925
86$653,059$0$0$315,465
87$617,736$0$0$294,604
88$575,600$0$0$269,945
89$525,853$0$0$241,048
90$467,616$0$0$207,425
91$399,915$0$0$168,539
92$321,673$0$0$123,796
93$231,701$0$0$72,538
94$128,684$0$0$14,039
95$11,169$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0