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%14.3%
1 years$47,566$47,142$46,728$46,325$45,931$45,114
2 years$23,547$23,109$22,684$22,272$21,872$21,052
3 years$15,542$15,102$14,678$14,270$13,876$13,079
4 years$11,541$11,101$10,682$10,280$9,897$9,127
5 years$9,140$8,704$8,289$7,896$7,523$6,785
6 years$7,540$7,107$6,699$6,315$5,953$5,246
7 years$6,398$5,969$5,567$5,192$4,841$4,166
8 years$5,542$5,116$4,721$4,355$4,016$3,372
9 years$4,876$4,455$4,066$3,710$3,382$2,769
10 years$4,344$3,926$3,545$3,198$2,882$2,299
11 years$3,909$3,496$3,121$2,783$2,479$1,926
12 years$3,546$3,137$2,770$2,441$2,148$1,624
13 years$3,240$2,835$2,475$2,155$1,873$1,378
14 years$2,978$2,577$2,224$1,913$1,642$1,174
15 years$2,750$2,354$2,008$1,706$1,446$1,004
16 years$2,552$2,160$1,820$1,528$1,278$862
17 years$2,377$1,989$1,656$1,373$1,133$742
18 years$2,221$1,838$1,512$1,237$1,007$640
19 years$2,083$1,704$1,384$1,118$898$553
20 years$1,958$1,583$1,270$1,012$802$478
21 years$1,845$1,475$1,168$919$718$415
22 years$1,742$1,376$1,077$835$643$360
23 years$1,649$1,287$994$761$577$313
24 years$1,564$1,206$920$694$519$272
25 years$1,485$1,132$852$634$467$237
26 years$1,413$1,064$790$579$421$206
27 years$1,346$1,001$734$530$379$180
28 years$1,284$943$682$486$342$157
29 years$1,226$890$635$446$309$137
30 years$1,172$841$591$409$279$119
31 years$1,122$795$551$376$252$104
32 years$1,075$752$514$345$228$91
33 years$1,032$712$480$317$207$79
34 years$990$675$449$292$187$69
35 years$951$640$419$269$169$61
36 years$915$608$392$248$154$53
37 years$880$577$367$228$139$46
38 years$848$548$344$210$126$40
39 years$817$521$322$194$114$35
40 years$787$496$302$179$104$31
41 years$760$472$283$165$94$27
42 years$733$450$266$152$85$24
43 years$708$429$249$141$78$21
44 years$684$408$234$130$70$18
45 years$662$390$220$120$64$16
46 years$640$372$206$111$58$14
47 years$619$355$194$102$53$12
48 years$599$339$182$95$48$11
49 years$580$323$171$87$43$9
50 years$562$309$161$81$39$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $576,000, adding $5,069 every year, while hoping to spend $41,226 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: 59/33/8 Blend
63$576,000$576,000$576,000$576,000
64$639,981$609,453$600,525$676,315
65$661,395$595,452$576,778$687,308
66$683,611$579,383$550,854$694,156
67$706,668$561,102$522,637$700,598
68$730,607$540,454$492,004$706,599
69$755,471$517,279$458,828$712,119
70$781,307$491,404$422,977$717,119
71$808,165$462,647$384,311$721,558
72$836,099$430,817$342,686$725,391
73$865,164$395,711$297,950$728,573
74$895,424$357,113$249,944$731,056
75$926,943$314,798$198,503$732,793
76$959,793$268,525$143,455$733,730
77$994,050$218,041$84,619$733,817
78$1,029,797$163,079$21,808$732,998
79$1,067,123$103,356$0$731,217
80$1,106,122$38,573$0$732,276
81$1,146,899$0$0$734,495
82$1,189,566$0$0$747,435
83$1,234,244$0$0$775,665
84$1,281,065$0$0$805,262
85$1,330,170$0$0$836,318
86$1,381,715$0$0$868,932
87$1,435,867$0$0$903,214
88$1,492,810$0$0$939,280
89$1,552,740$0$0$977,260
90$1,615,875$0$0$1,017,291
91$1,682,449$0$0$1,059,527
92$1,752,720$0$0$1,104,133
93$1,826,965$0$0$1,151,289
94$1,905,491$0$0$1,201,193
95$1,988,630$0$0$1,254,060
96$2,076,746$0$0$1,310,126
97$2,170,236$0$0$1,369,647
98$2,269,534$0$0$1,432,905
99$2,375,116$0$0$1,500,207
100$2,487,501$0$0$1,571,890