Can I retire at age 64 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$47,566$47,142$46,728$46,325$45,931$45,527
2 years$23,547$23,109$22,684$22,272$21,872$21,465
3 years$15,542$15,102$14,678$14,270$13,876$13,479
4 years$11,541$11,101$10,682$10,280$9,897$9,512
5 years$9,140$8,704$8,289$7,896$7,523$7,152
6 years$7,540$7,107$6,699$6,315$5,953$5,596
7 years$6,398$5,969$5,567$5,192$4,841$4,499
8 years$5,542$5,116$4,721$4,355$4,016$3,688
9 years$4,876$4,455$4,066$3,710$3,382$3,068
10 years$4,344$3,926$3,545$3,198$2,882$2,582
11 years$3,909$3,496$3,121$2,783$2,479$2,192
12 years$3,546$3,137$2,770$2,441$2,148$1,875
13 years$3,240$2,835$2,475$2,155$1,873$1,613
14 years$2,978$2,577$2,224$1,913$1,642$1,395
15 years$2,750$2,354$2,008$1,706$1,446$1,211
16 years$2,552$2,160$1,820$1,528$1,278$1,056
17 years$2,377$1,989$1,656$1,373$1,133$923
18 years$2,221$1,838$1,512$1,237$1,007$808
19 years$2,083$1,704$1,384$1,118$898$710
20 years$1,958$1,583$1,270$1,012$802$625
21 years$1,845$1,475$1,168$919$718$550
22 years$1,742$1,376$1,077$835$643$486
23 years$1,649$1,287$994$761$577$429
24 years$1,564$1,206$920$694$519$380
25 years$1,485$1,132$852$634$467$336
26 years$1,413$1,064$790$579$421$298
27 years$1,346$1,001$734$530$379$264
28 years$1,284$943$682$486$342$235
29 years$1,226$890$635$446$309$208
30 years$1,172$841$591$409$279$185
31 years$1,122$795$551$376$252$164
32 years$1,075$752$514$345$228$146
33 years$1,032$712$480$317$207$130
34 years$990$675$449$292$187$116
35 years$951$640$419$269$169$103
36 years$915$608$392$248$154$92
37 years$880$577$367$228$139$82
38 years$848$548$344$210$126$73
39 years$817$521$322$194$114$65
40 years$787$496$302$179$104$58
41 years$760$472$283$165$94$51
42 years$733$450$266$152$85$46
43 years$708$429$249$141$78$41
44 years$684$408$234$130$70$36
45 years$662$390$220$120$64$32
46 years$640$372$206$111$58$29
47 years$619$355$194$102$53$26
48 years$599$339$182$95$48$23
49 years$580$323$171$87$43$21
50 years$562$309$161$81$39$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $576,000, adding $5,015 every year, while hoping to spend $41,102 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: 62/26/12 Blend
63$576,000$576,000$576,000$576,000
64$639,925$609,397$600,469$677,486
65$661,465$595,525$576,852$689,403
66$683,825$579,596$551,067$697,248
67$707,044$561,466$522,997$704,800
68$731,166$540,981$492,521$712,031
69$756,237$517,981$459,512$718,915
70$782,305$492,294$423,838$725,420
71$809,424$463,740$385,360$731,518
72$837,649$432,127$343,934$737,175
73$867,042$397,254$299,408$742,361
74$897,667$358,907$251,626$747,042
75$929,596$316,859$200,421$751,184
76$962,902$270,873$145,623$754,752
77$997,668$220,696$87,051$757,711
78$1,033,981$166,061$24,519$760,025
79$1,071,937$106,688$0$761,659
80$1,111,637$42,278$0$767,981
81$1,153,194$0$0$777,251
82$1,196,726$0$0$794,182
83$1,242,365$0$0$824,625
84$1,290,252$0$0$856,580
85$1,340,540$0$0$890,152
86$1,393,396$0$0$925,454
87$1,449,000$0$0$962,608
88$1,507,551$0$0$1,001,750
89$1,569,263$0$0$1,043,023
90$1,634,370$0$0$1,086,588
91$1,703,126$0$0$1,132,618
92$1,775,811$0$0$1,181,301
93$1,852,726$0$0$1,232,845
94$1,934,204$0$0$1,287,474
95$2,020,606$0$0$1,345,435
96$2,112,329$0$0$1,406,997
97$2,209,804$0$0$1,472,454
98$2,313,505$0$0$1,542,130
99$2,423,951$0$0$1,616,376
100$2,541,707$0$0$1,695,580