Can I retire at age 64 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$47,648$47,224$46,810$46,405$46,011$45,082
2 years$23,588$23,149$22,723$22,310$21,910$20,978
3 years$15,569$15,128$14,703$14,294$13,901$12,995
4 years$11,561$11,121$10,700$10,298$9,914$9,041
5 years$9,156$8,719$8,304$7,910$7,536$6,700
6 years$7,553$7,120$6,711$6,326$5,963$5,163
7 years$6,409$5,979$5,577$5,201$4,850$4,086
8 years$5,551$5,125$4,729$4,363$4,023$3,296
9 years$4,885$4,462$4,073$3,716$3,388$2,697
10 years$4,352$3,933$3,551$3,203$2,887$2,231
11 years$3,916$3,502$3,127$2,788$2,483$1,862
12 years$3,553$3,143$2,775$2,445$2,152$1,564
13 years$3,246$2,840$2,479$2,159$1,876$1,321
14 years$2,983$2,582$2,227$1,916$1,645$1,121
15 years$2,755$2,358$2,011$1,709$1,448$955
16 years$2,556$2,164$1,823$1,530$1,280$816
17 years$2,381$1,993$1,659$1,375$1,135$699
18 years$2,225$1,841$1,515$1,239$1,009$601
19 years$2,086$1,707$1,387$1,120$899$517
20 years$1,961$1,586$1,272$1,014$803$445
21 years$1,848$1,477$1,170$920$719$384
22 years$1,745$1,379$1,079$837$644$332
23 years$1,652$1,290$996$762$578$287
24 years$1,566$1,208$921$695$520$248
25 years$1,488$1,134$853$635$468$215
26 years$1,415$1,066$791$580$421$187
27 years$1,348$1,003$735$531$380$162
28 years$1,286$945$683$487$343$140
29 years$1,228$892$636$446$310$122
30 years$1,175$842$592$410$280$106
31 years$1,124$796$552$376$253$92
32 years$1,077$753$515$346$229$80
33 years$1,033$713$481$318$207$69
34 years$992$676$449$293$187$60
35 years$953$641$420$269$170$52
36 years$916$609$393$248$154$46
37 years$882$578$368$229$139$40
38 years$849$549$344$211$126$34
39 years$818$522$323$194$115$30
40 years$789$497$302$179$104$26
41 years$761$473$284$165$94$23
42 years$735$451$266$153$86$20
43 years$709$429$250$141$78$17
44 years$686$409$234$130$70$15
45 years$663$390$220$120$64$13
46 years$641$372$207$111$58$11
47 years$620$355$194$102$53$10
48 years$600$339$182$95$48$9
49 years$581$324$171$88$44$7
50 years$563$309$161$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $577,000, adding $2,424 every year, while hoping to spend $21,261 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: 33/44/23 Blend
63$577,000$577,000$577,000$577,000
64$638,354$607,773$598,830$654,855
65$680,845$614,933$596,269$674,584
66$726,957$621,730$592,910$693,737
67$777,038$628,126$588,703$713,948
68$831,468$634,077$583,598$735,322
69$890,668$639,537$577,539$757,981
70$955,100$644,458$570,470$782,054
71$1,025,273$648,789$562,333$807,689
72$1,101,744$652,473$553,064$835,050
73$1,185,130$655,452$542,600$864,318
74$1,276,108$657,664$530,872$895,694
75$1,375,424$659,043$517,809$929,401
76$1,483,898$659,517$503,337$965,689
77$1,602,435$659,012$487,378$1,004,833
78$1,732,028$657,449$469,850$1,047,138
79$1,873,774$654,742$450,669$1,092,943
80$2,028,877$650,803$429,745$1,142,625
81$2,198,667$645,537$406,985$1,196,601
82$2,384,604$638,842$382,293$1,255,333
83$2,588,300$630,611$355,566$1,319,333
84$2,811,528$620,732$326,698$1,389,169
85$3,056,240$609,084$295,579$1,465,468
86$3,324,588$595,541$262,092$1,548,928
87$3,618,940$579,967$226,117$1,640,318
88$3,941,907$562,220$187,526$1,740,493
89$4,296,362$542,149$146,189$1,850,396
90$4,685,472$519,595$101,967$1,971,072
91$5,112,723$494,389$54,716$2,103,677
92$5,581,958$466,351$4,287$2,249,491
93$6,097,409$435,293$0$2,409,929
94$6,663,737$401,016$0$2,598,709
95$7,286,080$363,307$0$2,807,319
96$7,970,095$321,943$0$3,036,660
97$8,722,015$276,689$0$3,288,890
98$9,548,709$227,295$0$3,566,391
99$10,457,743$173,498$0$3,871,793
100$11,457,453$115,020$0$4,207,999