Can I retire at age 64 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,896$47,469$47,053$46,647$46,250$45,521
2 years$23,711$23,269$22,841$22,426$22,024$21,292
3 years$15,650$15,207$14,780$14,369$13,973$13,260
4 years$11,621$11,179$10,756$10,352$9,966$9,277
5 years$9,204$8,764$8,347$7,951$7,576$6,914
6 years$7,593$7,157$6,746$6,359$5,994$5,360
7 years$6,443$6,010$5,606$5,228$4,875$4,268
8 years$5,580$5,152$4,754$4,385$4,044$3,465
9 years$4,910$4,486$4,095$3,735$3,406$2,854
10 years$4,374$3,954$3,570$3,220$2,902$2,377
11 years$3,936$3,520$3,143$2,802$2,496$1,997
12 years$3,571$3,159$2,789$2,458$2,163$1,690
13 years$3,263$2,855$2,492$2,170$1,886$1,438
14 years$2,998$2,595$2,239$1,926$1,653$1,230
15 years$2,770$2,371$2,022$1,718$1,456$1,055
16 years$2,570$2,175$1,833$1,538$1,287$909
17 years$2,393$2,003$1,668$1,382$1,141$785
18 years$2,237$1,851$1,522$1,246$1,014$679
19 years$2,097$1,715$1,394$1,125$904$589
20 years$1,971$1,594$1,279$1,019$808$512
21 years$1,858$1,485$1,177$925$723$446
22 years$1,754$1,386$1,084$841$648$388
23 years$1,660$1,296$1,001$766$581$339
24 years$1,574$1,215$926$699$523$296
25 years$1,495$1,140$858$638$470$258
26 years$1,422$1,071$795$583$424$226
27 years$1,355$1,008$739$534$382$198
28 years$1,293$950$687$489$345$173
29 years$1,235$896$639$449$311$151
30 years$1,181$846$595$412$281$133
31 years$1,130$800$555$378$254$116
32 years$1,083$757$518$348$230$102
33 years$1,039$717$483$320$208$89
34 years$997$680$452$294$188$78
35 years$958$645$422$271$171$69
36 years$921$612$395$249$155$60
37 years$886$581$370$230$140$53
38 years$854$552$346$212$127$47
39 years$822$525$324$195$115$41
40 years$793$500$304$180$104$36
41 years$765$476$285$166$95$32
42 years$738$453$267$153$86$28
43 years$713$431$251$142$78$24
44 years$689$411$236$131$71$21
45 years$666$392$221$121$64$19
46 years$644$374$208$111$58$16
47 years$624$357$195$103$53$14
48 years$604$341$183$95$48$13
49 years$585$326$172$88$44$11
50 years$566$311$162$81$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $580,000, adding $4,391 every year, while hoping to spend $25,686 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: 61/13/26 Blend
63$580,000$580,000$580,000$580,000
64$643,689$612,949$603,959$678,229
65$682,016$615,654$596,862$704,917
66$723,391$617,631$588,667$730,864
67$768,098$618,816$579,308$758,633
68$816,450$619,143$568,721$788,406
69$868,788$618,542$556,833$820,386
70$925,491$616,936$543,573$854,795
71$986,971$614,247$528,864$891,882
72$1,053,686$610,389$512,624$931,920
73$1,126,136$605,272$494,771$975,210
74$1,204,873$598,801$475,217$1,022,087
75$1,290,503$590,875$453,870$1,072,920
76$1,383,693$581,387$430,633$1,128,117
77$1,485,178$570,223$405,407$1,188,129
78$1,595,765$557,263$378,087$1,253,456
79$1,716,343$542,379$348,564$1,324,648
80$1,847,892$525,437$316,722$1,402,314
81$1,991,487$506,294$282,443$1,487,126
82$2,148,316$484,800$245,602$1,579,828
83$2,319,682$460,793$206,067$1,681,239
84$2,507,023$434,105$163,704$1,792,267
85$2,711,921$404,558$118,370$1,913,913
86$2,936,118$371,963$69,917$2,047,281
87$3,181,532$336,119$18,189$2,193,593
88$3,450,275$296,815$0$2,354,196
89$3,744,673$253,829$0$2,540,847
90$4,067,287$206,924$0$2,750,971
91$4,420,939$155,851$0$2,981,380
92$4,808,734$100,348$0$3,234,126
93$5,234,096$40,136$0$3,511,471
94$5,700,794$0$0$3,815,909
95$6,212,978$0$0$4,153,774
96$6,775,222$0$0$4,531,011
97$7,392,564$0$0$4,945,262
98$8,070,552$0$0$5,400,258
99$8,815,299$0$0$5,900,106
100$9,633,539$0$0$6,449,334